Between Intuit and some of these money transfer applications (venmo, cashapp etc) they are pivoting hard to diversify and lobbying hard with the government looking to finally come more into the 21st century.
Free tax filing and fednow could be very good for the everyday person.
What's the issue with Venmo and cashapp?
In other countries the government has an app thats free and plays that role. Instead of a corporation trying to make money.
You're talking about countries that have state banks? Like who?
Its not a bank, the government covers the same service Meta, or Venmo does here with electronic payments from your phone. Its like free wire transfers for everyone. It helps people spend and move money.
Yeah kinda like the federal reserve ;)
My beef is that they want to act like banks, but with none of the oversight and regulations of an actual bank. Ever had a real problem with PayPal? Say what you want about the banking industry, but I can get a real US -based person on the phone within 10 minutes to help me solve my problem.
First of all. Primus sucks! and I should have taken your name.
On the subject, didn't PayPal get hit with regulations finally or did I make that up in my head?
Very true about actually getting in contact with someone. The best you can do is chat support, and I've been through that just to change my phone number with them cuz the app glitched out on me. Took two weeks to get it changed.
Between Intuit and some of these money transfer applications (venmo, cashapp etc) they are pivoting hard to diversify and lobbying hard with the government looking to finally come more into the 21st century. Free tax filing and fednow could be very good for the everyday person.
What's the issue with Venmo and cashapp?
In other countries the government has an app thats free and plays that role. Instead of a corporation trying to make money.
You're talking about countries that have state banks? Like who?
Its not a bank, the government covers the same service Meta, or Venmo does here with electronic payments from your phone. Its like free wire transfers for everyone. It helps people spend and move money.
Yeah kinda like the federal reserve ;)
My beef is that they want to act like banks, but with none of the oversight and regulations of an actual bank. Ever had a real problem with PayPal? Say what you want about the banking industry, but I can get a real US -based person on the phone within 10 minutes to help me solve my problem.
First of all. Primus sucks! and I should have taken your name.
On the subject, didn't PayPal get hit with regulations finally or did I make that up in my head?
Very true about actually getting in contact with someone. The best you can do is chat support, and I've been through that just to change my phone number with them cuz the app glitched out on me. Took two weeks to get it changed.