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I kind of agree, though to be fair, "instant settlement with no protection" is how cash works. There is no mechanism with physical cash transference itself to c
by TulliusCicero 3y ago
I kind of agree, though to be fair, "instant settlement with no protection" is how cash works. There is no mechanism with physical cash transference itself to claw back the money from a scam. You can go talk to the police and they might be able to help, but nobody can go talk to the Lords of Cash and convince them to magically teleport the currency back into your hands.
- brigade 3y agoThat mechanism for cash is called "civil court" Yeah you're SOL if you give cash to someone whose identity you don't know, but that's hard to do unintentionally with cash. Whereas Zelle will shield scammers' identities so your recovery options begin and end with Zelle.
- bradleyjg 3y agoCash scams don’t scale well, though. Someone has to be physically next to you and when the numbers start getting big cash is both unwieldy and not that easy to get.