4 ms·
That's just traditional banking with extra steps...
by victor22 5y ago
That's just traditional banking with extra steps...
- balozi 5y agoDon't forget that there is still nothing backing the bank deposits themselves. So yes, extra steps, and extra risk. Which also means extra room from intermediaries and fees.
- makeitdouble 5y agoBeing able to convert back go standard money is a big deal. Currently all the digital offline payment means are a one way trip: you can pay for goods with them, but not exchange with someone or return it to your account. This initiative would solve that issue.