Re:iPhone Sales Drop, and Apple’s 13-Year Surge Ebbs
by mongol on Tuesday April 26, 2016 @05:44PM
(#11575946)
Can Apple become a bank?
[ Parent
| on HN ]
Re:iPhone Sales Drop, and Apple’s 13-Year Surge Ebbs
by qaq on Tuesday April 26, 2016 @06:07PM
(#11576121)
They can buy any +/- any bank
Re:iPhone Sales Drop, and Apple’s 13-Year Surge Ebbs
by kpil on Tuesday April 26, 2016 @06:42PM
(#11576372)
I think it's more cost effective to start a new bank.
But why would they. It's a lot of trouble, and being a bank gives you the right to lend in money from the public.
It's still possible to provide payment services without being a bank.
I think they could more or less buy VISA and pay in cash, and that makes more sense if you want to make money on retail payments.