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Chime has 13.1 million accounts.
by missedthecue 5y ago
Chime has 13.1 million accounts.
- tablespoon 5y ago>> ...and the time and sophistication to know about "neobanks," choose one, and sign up. > Chime has 13.1 million accounts. That kind of proves my point. There are more than 300 million people in the US, and they've only reached 4%. Hardly the kind of thing that will solve the problem for less sophisticated people. Also, the problem of unbanked/underbanked people exists despite them, so that's another clue that they're not the solution.
- toomuchtodo 5y agoChime, like (Bank)Simple, could disappear at any time, hence the enormous value in durable public goods sponsored by the government (USPS, postal banking, etc).