Thread

1. havaloc · 1790442549 · focus · HN ↗

   I get why the banks are not happy, but I can tell them that I am not going to use Chase Wallet, Bank of America Wallet, Citi Wallet...just pay the fee and be thankful for the reduced payment friction, which they invariably make money from. PS: Nobody is going to use Paze (yet another half baked wallet), other than to collect the free $10 to sign up for it.

   Somewhat related, even Walmart relented and now supports Apple Pay/Contactless. Every big merchant has now relented (Kroger, Home Depot, Walmart).

   1. grafmax · 1790452065 · focus · HN ↗

      Another argument for turning finance into a public utility. Instead we have different factions of rentier capital competing for who gets to parasitize us.

      1. gruez · 1790452554 · focus · HN ↗

         >Another argument for turning finance into a public utility

         There already is a public option in the US, FedNow. In EU there's SEPA instant.

         1. grafmax · 1790453072 · focus · HN ↗

            Not quite. FedNow is public payment infrastructure for institutions. Apple Pay is consumer-facing.

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