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In Europe you can just use your normal banking app to transfer money to your friends electronically. The US actually seems to lag behind on that front. I agre
by AndrewDucker 3y ago
In Europe you can just use your normal banking app to transfer money to your friends electronically. The US actually seems to lag behind on that front.
I agree that it's totally unnecessary to have an Everything App.
- TMWNN 3y ago>In Europe you can just use your normal banking app to transfer money to your friends electronically. The US actually seems to lag behind on that front. This has nothing to do with the sophistication rgbrenner mentioned. What you describe is small stakes compared to the size, breadth, and depth of US venture capital (and not just for tech). Or the planet-spanning reach and universal service options at JPM or Citi. Or the mind-numbingly complex instruments that their and other bulge-bracket firms' fixed-income desks come up with. Or the gigantic pots and years of experience that Blackstone and Apollo bring to the table. Or the massive intellectual and computing firepower behind the likes of Renaissance, DE Shaw, Jane Street, and Citadel. Or the "Yale Model" of endowment investing.
- AndrewDucker 3y agoI'm not sure what any of that has to do with "You need a special app to send money to your friends, and therefore might use an everything app".
- red-iron-pine 3y agois it? Venmo seems to work just fine
- AndrewDucker 3y agoHaving to use a third-party app that by default shares your information publicly, and is also used to trade on the blockchain seems a bit odd. Over here in the UK I just use my bank's app to send money to people.