4 ms·

Feel free to address what I've actually typed. You can address the imaginary person who wants to discuss instant money transfers some other time, perhaps.

• vorpalhex 4y ago
  > Just make it so anyone with an internet connection can transfer any amount anywhere else, online, without any transaction fees, within seconds. I can only read what you type. You seem to be talking about instant (seconds is instant in finance) money transfers.
  • alexashka 4y ago
    We already have 'instant' transfers, it's called paying with a debit card at a grocery store. Now extend that to the internet, any amount (cap it to under a few thousand if you wish), no transaction fees (I already pay taxes). That'd be fintech, aka using technology to actually improve the finance industry for the people, but that's just me :)
    • ska 4y ago
      > no transaction fees (I already pay taxes). This connection seems ... tenuous. As you note, you already broadly have the ability to do this via debit card for most day-to-day things (with fees, for seller). What can't you do that want to?
      • deleted 4y ago
        [deleted]
    • vorpalhex 4y ago
      > We already have 'instant' transfers, it's called paying with a debit card at a grocery store. Actually not instant! Debit transactions can not settle for several hours, and even up to a few days (though usually much faster). Though your bank is typically able to say that they have the available money, settlement may not occur for quite some time.