(a) using third party apps instead of the banking system itself is a workaround, not a solution. especially as those apps demand fees. (b) cheques have been de

(a) using third party apps instead of the banking system itself is a workaround, not a solution. especially as those apps demand fees. (b) cheques have been deprecated and stopped being accepted in the EU in 2004. It solves the same issue as paypal, cash, venmo, etc, except the receiver can immediately use the money for any and all purposes, without fees, without yet another third party app. This in turn allows new third party apps to be built on top of the new infrastructure.