• bss03@infosec.pub
      link
      fedilink
      English
      arrow-up
      5
      ·
      edit-2
      20 hours ago

      Yeah. It would be nice for the U.S. banking system to get updated to have the same capabilities the populace in other nations have. I don’t trust the current administration to do it without baking in massive grift and corruption. But, I don’t see the banks doing it themselves, individually or in blocks.

      We have dumb things like Zelle, Venmo, and CashApp that are entirely unnecessary in proper countries but banks are invested in and profit from them. Also, this way they can tie customers down with a TOS that would clearly be against banking regulations if any of these service was “a bank”.