this post was submitted on 27 Oct 2023
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“If it involves money. It’ll be on our platform. Money or securities or whatever. So, it’s not just like send $20 to my friend. I’m talking about, like, you won’t need a bank account.”

Well that sounds terrifying!

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[–] [email protected] 9 points 1 year ago (4 children)

I dunno, it has 200M active users, doesn't it? Wouldn't surprise me if "free bank" popped up in their face a few times a week with "free transfers" and "guaranteed best interest rates".

[–] [email protected] 17 points 1 year ago (2 children)

For parts of the world 'free bank' and 'free transfers' are just the norm anyway. I'm amazed it isn't the case in the US already.

[–] [email protected] 4 points 1 year ago (2 children)
[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

What is the alternative to a paycheck? Most Americans get the money deposited directly to their bank account anyway, there's no actual paper check involved.

[–] [email protected] 2 points 1 year ago

Not the only thing they're stuck in the past on...

[–] [email protected] 1 points 1 year ago

It's always crazy to be reminded this. The banks make money from your savings and your debt with them, they don't need to be double or triple dipping on charging you for the privilege of letting them do that or sending it to somewhere else to do the same

[–] [email protected] 8 points 1 year ago

I hope you are wrong, but you make a great point

[–] [email protected] 4 points 1 year ago

It's actually wild to me,as a Canadian, how this isn't a thing in America. Interac blows away my American friends on a constant basis.

[–] [email protected] 3 points 1 year ago (1 children)

Good point.

I dunno, it has 200M active users, doesn't it?

It's hard to be really sure, because we know there's a staggering number of bots.

But I suppose even if the real number is a fraction of that 200M, it's still a huge number of users.

[–] [email protected] 2 points 1 year ago

Before I deleted I had 20 followers, and 15 being bots