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In Europe, the SEPA network, this has been the case for the past years. Just that it is free – and this is across countries. The American banking system is cur
by madsbuch 4y ago
In Europe, the SEPA network, this has been the case for the past years. Just that it is free – and this is across countries.
The American banking system is currently in a bad, insecure, and expensive state.
- jqpabc123 4y agoJust that it is free – and this is across countries. Almost nothing is ever really *"free"* --- even though it may appear that way at some level. Crypto transactions are certainly not *"free"*; neither are credit cards. FedNow may likewise have the appearance of being *"free"* for individuals, it all depends on how banks chose to recover the operating costs. The American banking system is currently in a bad, insecure, and expensive state. Bad is subjective. Expensive is accurate --- and slow. This is finally being addressed. Insecure --- I don't really think this is a big issue. There are issues but on an individual level, very few people actually lose money due to any inherent "insecurity" in the system .