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How is any of that not possible with regular money and a regular bank? It's already how MobilePay works in Denmark. You give the website your phone number, and
by delusional 6y ago
How is any of that not possible with regular money and a regular bank?
It's already how MobilePay works in Denmark. You give the website your phone number, and a prompt pops up on your phone screen to approve the transfer, with an amount, in a native (trusted) app.
Crypto doesn't add anything here.
- oriesdan 6y agoGood for Denmark, it doesn't exist here. Plus, there is no way I will install a proprietary banking app. For this to be acceptable, it needs to be a standard and have multiple implementations. At which point, using cryptocurrencies is the easiest way.
- boomlinde 6y ago> Plus, there is no way I will install a proprietary banking app. I'm glad that you found a problem for your solution.
- oriesdan 6y agoI'm glad you enjoy our dystopian world.
- martimarkov 6y agoBut your point about not trusting an app is the same. At some point you’d need to trust some app. If your problem is the bank’s app something like PSD2 will solve this by allowing you to connect to the bank directly and having your own app, right?
- captn3m0 6y agoAs another example, Taler supports this exact requirement, without bringing crypto into the mix. So does UPI in India. Banking transactions ask for my credentials on the bank website (after a redirect). None of this needs cryptocoins.
- BlueTemplar 6y agoSending money worldwide is still often problematic (YMMV).