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they may be ahead with startups, but jesus, the banking system. they're still using checks [sic] over here. Can you believe that? it's 2011.
by justinj 15y ago
they may be ahead with startups, but jesus, the banking system. they're still using checks [sic] over here. Can you believe that? it's 2011.
- kuhn 15y agoMy co-founder and I were just bitching about that this morning. It's unreasonably difficult to send money to people in the land of capitalism... Even worse is most of the 'innovation' in the banking sector seems to be pointed at making old systems less painful (e.g. cashing checks via MMS etc.). Why not just eliminate them altogether? Major opportunity for disruption if you can overcome some pretty deep and wide moats.
- daemin 15y agoIsn't that what PayPal set out to do, where you could send anyone money just over email? Conversely I was thinking that Australia needs some sort of integrated Merchant Account/Payment Gateway system company, much like Stripe.