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And you get to play the game of who has which app and who can proxy money around from one app to the other any time you want to organize a purchase amongst a gr
by hotpotamus 4y ago
And you get to play the game of who has which app and who can proxy money around from one app to the other any time you want to organize a purchase amongst a group of friends.
- 4ndrewl 4y agoI guess that's "innovative"?
- itake 4y agoAgain, most banks offer Zelle. > who has which app As opposed to what? A monopoly where a single company controls features and prices?
- 4ndrewl 4y agoRegulation, as per EU and many other countries?
- function_seven 4y agoAs opposed to a neutral protocol not controlled by any one entity. Think of it like email or the telephone network, versus the various instant messaging silos.
- rad_gruchalski 4y ago> A monopoly where a single company controls features and prices? That’s not what SEPA is.
- KptMarchewa 4y agoNo, like India's UPI, UK's Faster Payments or Poland's BLIK.
- rootusrootus 4y agoMore often than not, that just means everyone uses Venmo. Free, and not tied to my personal banking.
- hotpotamus 4y agoThere's a trading reddit that I sometimes visit where they all use Paypal Friends and Family which I gather is incompatible with Venmo despite being owned by the same company? The time or two I've used it, the guys on the other end took Square's Cashapp luckily. I do have Venmo because a former team used it. I also have Zelle because it's built into the Ally Bank app which came in handy to pay back my Uncle when he helped with some fence construction. If this is innovation, I'm pretty tired of it.