this post was submitted on 28 Nov 2023
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At this point Apple might as well buy a small bank and do it themselves. They’ve got cash enough to run a bank
Main issue is companies really do not want to become banks because it opens a ton of new regulations on them. That's why square fought so hard for an industrial bank charter which allows them to skirt oversight
Funny though, because there was a time when almost every franchise chain had credit cards. The French supermarket Carrefour for example still has credit cards