4 ms·
Only in America. The rest of the world figured it out.
by bawolff 11mo ago
Only in America. The rest of the world figured it out.
- disgruntledphd2 11mo agoTo be fair, this is because the US figured this stuff out way earlier through credit cards, and now there's a bunch of stakeholders and legacy changes which get in the way of making the services better.
- FabHK 11mo agoIndeed, and there are some good reasons, too: US regulators want to prop up smaller regional banks and avoid large national monopolies (for what is essentially a natural monopoly). The externalities of the crappy US banking system are so vast though. Musk, crypto, ...