Come on, we can do without the rah-rah. US banking and law is extremely backward. Everything I can do in the US, I can do here in China, and we have massive mobile payment penetration. Most of Europe is far more advanced. Even East Timor has the IBAN. You guys are still stuck with bank backend systems mailing "checks", and multi-day ACH. The only reason the rest of us find it hard to get payments is because the credit card monopoly is tantamount to a global protectionist racket and is supported as such by US politics for intelligence purposes, just as SWIFT is.
Come on, we can do without the rah-rah. US banking and law is extremely backward. Everything I can do in the US, I can do here in China, and we have massive mobile payment penetration. Most of Europe is far more advanced. Even East Timor has the IBAN. You guys are still stuck with bank backend systems mailing "checks", and multi-day ACH. The only reason the rest of us find it hard to get payments is because the credit card monopoly is tantamount to a global protectionist racket and is supported as such by US politics for intelligence purposes, just as SWIFT is.