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looks like a digital debit "gift card" system. Smart. Its a clever way to deal with legal boundaries on transferring money. Should be interesting to see them g
by senectus1 4y ago
looks like a digital debit "gift card" system.
Smart. Its a clever way to deal with legal boundaries on transferring money. Should be interesting to see them get it past Australian regulations.
- iancarroll 4y agoNot sure about AU, but in the US, Apple is a registered money transmitter[0] because of this service. Doesn't seem like they are avoiding anything compliance wise. [0] https://dfpi.ca.gov/money-transmitter-division/directory-of-money-transmitters/ https://dfpi.ca.gov/money-transmitter-division/directory-of-...