Venmo, Cash App users sue Apple over peer-to-peer payment fees (www.reuters.com)

submitted 2 years ago by [email protected] to c/[email protected]

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[-] [email protected] 1 points 2 years ago

I’m from the UK and the thought of paying money to transfer is absurd to me. All our banks are built on an open API and it takes like a minute to perform an instant transfer between anyone and any bank. There needs to be some kind of standard in the US.

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[-] [email protected] 1 points 2 years ago

You can thank the EU for that.

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[-] [email protected] 1 points 2 years ago

Nope, it was commissioned for UK banks by the CMA, a UK government entity.

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this post was submitted on 21 Nov 2023

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