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Good riddance. We need to pave the way for decentralized payment methods that aren’t greedy with currency conversion rates and fees
by sammy2255 4y ago
Good riddance. We need to pave the way for decentralized payment methods that aren’t greedy with currency conversion rates and fees
- TheLoafOfBread 4y agoLike SEPA payment, but from my experience with US bank (BBVA) stuck in 1990s, it is still a big PITA to do something mundane like SEPA.
- Maken 4y agoBBVA is a Spanish bank and it absolutely works with SEPA in the EU.
- TheLoafOfBread 4y agoyeah, not in USA. There in order to do SEPA, you need to fill a form (!) personally in bank office. You can't do it from internet banking like in EU
- Maken 4y agoAnd I just read the USA branch is not even the same company anymore, despite keeping the BBVA name. International corporations are weird.
- franga2000 4y agoDecentralized like...payment cards, controlled by a global duopoly?? The closest thing to decentralized payments we have is SEPA payments via PSD2 "open banking" APIs, but that is significantly more difficult to implement and bank support is spotty due to TPPs having to negotiate access with each bank individually.