←back to thread

627 points cratermoon | 1 comments | | HN request time: 0.204s | 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 #
layer8 ◴[] No.44465481[source]
In the EU, the value proposition of PayPal is (1) that it it hello instantaneous instead of taking one or two days like a regular bank transfer, and (2) it doesn’t disclose your banking info to the other party. The first one is now finally being obsoleted by SEPA instant payments.
replies(1): >>44521143 #
1. immibis ◴[] No.44521143[source]
(3) steals your money at random without warning