←back to thread

627 points cratermoon | 1 comments | | HN request time: 0.275s | source
Show context
dalemhurley ◴[] No.44462040[source]
> "live in some futuristic utopia like the EU where banks consider "send money to people" to be core functionality. But here in the good ol' U S of A, where material progress requires significant amounts of kicking and screaming, you had PayPal."

I remember when PayPal came to Australia, I was so confused by it as I could just send money via internet banking. Then they tried to lobby the government to make our banking system worse so they could compete, much like Uber.

replies(5): >>44462157 #>>44462175 #>>44462792 #>>44465481 #>>44484703 #
zpeti ◴[] No.44462157[source]
I don't get this sentence. It's pretty damn hard sending money in the EU too. We only had SWIFT and CHAPS too like in the USA. The EU isn't some banking haven with ultrafast transfers. If they are talking about the new legislation about fast transfers (SEPA), that came 1 decade after paypal.
replies(5): >>44462261 #>>44462339 #>>44462355 #>>44462755 #>>44465344 #
1. Attrecomet ◴[] No.44465344[source]
Even before SEPA, we didn't use checks in the EU -- or at least in Germany -- because bank transfers were a thing and just worked.