This is the direction I hoped Xero would head, but unfortunately never quite made it. It has all the relationships in place to do so, and their software already

This is the direction I hoped Xero would head, but unfortunately never quite made it. It has all the relationships in place to do so, and their software already handles these transactions at the accounting level. It seemed as if the fear of disrupting banks/banking relationships won out against innovation. Rather than build the necessary product and commodity banking they’ve worked with the banks to build out their products. I’m sure they’re still having a lot of meetings... Congrats to stripe for getting it done. Huge effort.