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The Rise of Whatever

(eev.ee)
627 points cratermoon | 1 comments | 04 Jul 25 04:48 UTC | HN request time: 0.206s | source
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dalemhurley ◴[04 Jul 25 07:29 UTC] 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.

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zpeti ◴[04 Jul 25 07:45 UTC] 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.
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1. Attrecomet ◴[04 Jul 25 15:25 UTC] 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.