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. TallGuyShort · 1790192262 · focus · HN ↗

      Look, I'm a big believer in the importance of cash as an option in our society and the importance of keeping a supply on-hand for emergencies, but my mortgage company, employer, and a lot of other financial concerns are hours away from me, so yeah - my banking app is pretty fucking important to my daily life, and I don't even live in the UK where they have embraced digital banking even more.

      It's light on the details of what they're disrupting and how, but there is zero suggestion in the article that they are disrupting digital banking, the Internet, or consumer services at all for for other countries.

      1. autoexec · 1790192752 · focus · HN ↗

         Is there something on your banking app that you couldn't do by browsing to your banks website?

         1. dukeyukey · 1790202664 · focus · HN ↗

            I work for a UK fintech that is bank-adjacent, the backend for the apps and the website are the same.

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