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Google Play Store bans wallets that don't have banking license
- charcircuit 1y agoJust because the keys reside on someone else's device, that doesn't mean you aren't responsible for their money when you control the code that is running.
- tripplyons 1y agoWould you say the same for the encryption keys held within the Signal app? Why would Google be responsible for what people do on their own phones?
- charcircuit 1y agoI would say the same that the developers of Signal as they own and update the code so they have a lot of responsibility to not to leak or steal everyone's private messages. It's in Google's interest to have a healthy platform that people trust. They don't want people to associate Android with having your private messages leaked.
- tripplyons 1y agoI still don't see why it would be Google's fault if there was a vulnerability in an app. Would you also say it is their fault if I enter my personal information into a vulnerable site on Google Chrome?
- kube-system 1y agoIt doesn't have to be their fault to be their problem. Google does take steps to protect Google Chrome users from being phished, because this causes problems for them.
- exabrial 1y agoWhatd be nice is to have litrally any other option besides google pay, as they refuse to run on Graphene
- wmf 1y ago[Edit: Sorry, I misread Google Pay as Google Play.]
- subscribed 1y agoNon sequitur, why would you even post that comment? Google Pay doesn't hold/process crypto, crypto wallets don't allow paying with payment terminals (nfc pay, tap to pay, etc).
- subscribed 1y agoNFC works, so until EC processes GOS complaint you can try payment apps, eg Curve, PayPal in Germany, Santander allegedly works too. My workaround is Garmin Pay on my wrist. Works fully offline and I have it always handy.
- bbbbbenji 1y agoThere's Curve Pay. https://www.curve.com/ https://www.curve.com/
- exabrial 1y agoNice! Does that work for US residents??
- monksy 1y agoThis is yet more corporate/government overreach on devices that you're supposed to own. Trying to prevent software from being available/installed that isn't even in the "legitimate harm" list. That's insane. I could rant a lot about where we're in a really horrible you don't own your phone and other people believe they own it world, but that would be going off topic here. (I.e. business you go to the store is trying to force and pressure you to install apps.. i.e. sams club, or tours/businesses pushing you excessively to use whatsapp, etc )
- msgodel 1y agoYou'll be much happier if you just pretend smartphones don't exist and don't own one.
- reorder9695 1y agoIssue there is with e.g. 3DS for banking, tesco clubcard (read: extortion), TOTP
- monksy 1y agoTicketmaster with "ticketless entry" being forced. (No printouts/paper tickets)
- MrFots 1y agoStop going to events. Full stop.
- SoftTalker 1y agoThey’re willing to lose the tiny number of customers who choose this.
- msgodel 1y agoThat's something for the product vendors to worry about, stop thinking about them and focus on the impact to your life. Is the music festival really worth being chained to a computer you have no control over? I'm not a music festival person so I wouldn't know, some people seem to really like them so I guess maybe? I personally say no.
- greyface- 1y agoRelated proposed legislation that would explicitly shield app stores (and wallet developers) from any liability related to such wallets: https://saveourwallets.org/ https://saveourwallets.org/ https://www.congress.gov/bill/119th-congress/house-bill/3633/text#toc-H5A6FB06314744BA0B5F5FC1ADFDD6ED3 https://www.congress.gov/bill/119th-congress/house-bill/3633...
- Analemma_ 1y agoThis looks like a bill releasing providers from any liability if they fuck up and lose all my money via engineering incompetence. Which they probably will, because history has repeatedly shown that crypto is total amateur hour. No thanks. I'll be calling my rep to urge them to vote against this.
- ronsor 1y agoThe point of non-custodial wallets is that the developer does not have your private keys, so they don't control your funds. While it's possible for the software to have bugs, remember that almost all software is already provided AS IS WITHOUT ANY WARRANTY, EXPRESS OR IMPLIED, and that in no event with the authors be liable for any damages arising out of or related to its use.
- OutOfHere 1y agoWhile that's true, even non-custodial wallet providers get a commission from swap providers, some of which steal money altogether. As per Reddit, an example of such a scamming swapper is Exolix. This makes it a responsibility of the wallet to not collude with scammers.
- Analemma_ 1y agoYou're eliding the difference between software and a provider of financial services. My bank is absolutely liable if they fuck up and lose my money, and crypto entities should be as well.
- 1y ago
- darth_avocado 1y agoVenmo doesn’t have a banking license afaik. Do they ban that? Do we start using the Starbucks app as a wallet?
- solumos 1y agoVenmo uses PayPal's MSB/MTLs, per https://venmo.com/ https://venmo.com/ > Venmo is a service of PayPal, Inc., a licensed provider of money transfer services (NMLS ID: 910457). All money transmission is provided by PayPal, Inc. pursuant to PayPal, Inc.’s licenses. © 2021 PayPal, Inc. See also: https://venmo.com/legal/us-licenses/ https://venmo.com/legal/us-licenses/
- skywhopper 1y agoWhat a silly thing to say.
- mockingloris 1y agoThis move feels inevitable. I expect we'll come to see an all-time high in "vibe-coded" apps and services/products built with surface-level understanding by creators and used by people with even less technical awareness. Most developers in this new wave don't fully grasp the systems they're building, and end-users operate in total opacity. I have personally used AI to generate code scaffolds, and spend hours debugging edge cases, printing GitHub issues, and feeding API docs back into the system to stair it right enough times that I end up understanding a lot more what it is I plan on implementing as I reach a solid implementation. The average user wouldn't even know where to start with that. Google's policy isn't an overreach; more like a reaction to the coming tsunami of superficially functional but fundamentally fragile tools. This is just the first domino. Expect more platform-level interventions as poorly understood tech stacks meet real-world consequences. The era of "move fast and break things" is colliding with domains where broken things ruin lives. I wouldn't want any family members/close friends getting to swallow the latter pill. │ └── Dey well; Be well
- hulitu 1y ago> This move feels inevitable Does Google has a banking licence ? I've never heard of "Google bank". What is so special about Google Pay ?
- skywhopper 1y agoYes, here’s the list of per-state licenses of Google Payments, in the United States: https://support.google.com/googlepay/answer/7160765?hl=en https://support.google.com/googlepay/answer/7160765?hl=en
- makeitdouble 1y ago> I've never heard of "Google bank" As a general point, there's a lot more banking entities than we as customer come into contact with. The bar isn't as high people image, and even for a middle-sized company getting a banking license is mostly a matter of investment and how serious they are about maintaining that activity in the long term. Any of the GAFAM already have or could have a operating internal banking arm if they wish it into existence.
- is_true 1y agoIn Europe and US
- miohtama 1y agoGoogle backs off after the noise https://x.com/newsfromgoogle/status/1955741506440192463?s=52&t=WwjjFErudv5fY7dZ2MscDA https://x.com/newsfromgoogle/status/1955741506440192463?s=52...
- smitty1e 1y agoWill there be some Orewellian tipping point when people begin to revert to barter in order to enjoy a bit of, you know, liberty?
- fontsgenerator 1y agoMakes sense—Google wants to avoid regulatory risk. Unlicensed wallets handling real money are a huge liability
- Suppafly 1y agoGood. If apps want to pretend to be banks, they need to actually follow rules that banks do.