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This is the standard US centric viewpoint driving this nonsense. Every other developed nation and a lot of lower developed nations solved this long enough ago t
by weego 4y ago
This is the standard US centric viewpoint driving this nonsense. Every other developed nation and a lot of lower developed nations solved this long enough ago that it's not even thought about.
I have to use my physical card maybe once every 2 months/once per quarter as an anti-fraud step. My phone contactless pays for everything, and anything it can't (like a car or whatever) I can do sub 2 hour but in practice instant bank to bank transfer.
Moving money instantly and without transaction costs is a decade plus ago solved problem
- spaceman_2020 4y agoYou do know that international transactions are a thing, right, and that UPI doesn't work globally?
- ix-ix 4y agoYes, but the vast majority of people aren't sending money globally. And the other commentor is right, using credit cards in any non-american country is super simple and completely without hassle. Same with sending money to anyone I know, I just need their email address or phone number. Happens in seconds, is completely safe and ensured and best of all, reversible if there is a mistake.
- nailer 4y ago> Moving money instantly and without transaction costs is a decade plus ago solved problem Where? Having lived in various cities in Europe, Asia and Australia, I can assure you, Visa and Wise and Remitly is still taking from half to 3 percent of all your transactions.