Thread

1. autoexec · 1790188120 · focus · HN ↗

   > Defence Secretary Wes Streeting said daily lives depend on satellites that power everyday technologies like mobile phones and banking apps, adding the loss of GPS would cost the UK economy £1.4bn a day.

   Oh no! Not our precious banking apps! What a weird thing to call out specifically. It's also kind of strange to talk at such length about how critical satellites have become to people's lives, national economy, emergency services, and people's "daily freedoms", only to conclude with "So now we're using ground-based systems to take out the satellites other countries depend on for all of those things"

   1. jameshart · 1790188448 · focus · HN ↗

      In a largely cashless society like the UK, ‘banking apps’ are effectively people’s wallets. Knowing you got paid, being able to pay your rent, being able to pay for goods and services… seem like pretty everyday concerns.

      1. autoexec · 1790189393 · focus · HN ↗

         All of that can be handed via your bank's website, ATMs, a credit card, or even (god forbid) writing a cheque.

         1. carlosjobim · 1790189805 · focus · HN ↗

            Do people write cheques in the UK?

            1. mcintyre1994 · 1790191664 · focus · HN ↗

               I’m in my early 30s and I don’t think I’ve ever written one. When I had my first bank account when I was maybe 10 I was given a cheque book, I don’t know where I’d get one now. I did recently receive a cheque for $12.99 or something like that from an Amazon settlement that I think is probably legitimate. Apparently Monzo can cash a cheque through their app so I’ll try that at some point. I’m guessing it won’t work with an international one though.

               1. dylan604 · 1790192813 · focus · HN ↗

                  A couple of years ago during lockdown, I was working with someone definitely qualifying as a boomer, to start up an e-commerce site for him. He was proudly showing me his ledger book of checks that he had to shell out $200 to receive while declining a debit card. On a couple of occasions, I went with him to get cash by driving to a bank branch, writing a check, and having the teller cash it for him. It took months to convince him that he absolutely needed a debit card when people were constantly asking if they could use Venmo/CashApp/etc to pay for products.

                  So we're still in a transitional stage where some people are still stuck on using checks.

                  1. autoexec · 1790193675 · focus · HN ↗

                     At least I see them being used less often in stores. Also how on earth was he paying $200 for checks? You can get them for &lt; $15. Here&#x27;s a book with a fish on it, and a ledger, and a cover for under $25 <a href="https:&#x2F;&#x2F;www.checks.com&#x2F;p&#x2F;856&#x2F;wonders-of-the-sea-checks" rel="nofollow">https:&#x2F;&#x2F;www.checks.com&#x2F;p&#x2F;856&#x2F;wonders-of-the-sea-checks

                     1. esseph · 1790197013 · focus · HN ↗

                        Check processing I think, not writing them

                        1. dylan604 · 1790198426 · focus · HN ↗

                           No, the ~$200 fee was for the book ledger and blank checks. I have no idea what kind of monthly fees the bank was charging for the account. He was also getting raked over the coals on his merchant account to process credit cards because it was deemed a high risk business so most reputable places would not accept the business.

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