Re:SEC charges Ripple and two executives
by 6nf on Wednesday December 23, 2020 @06:33AM
(#25516576)
That's rapidly changing. We have instant confirmed P2P bank transfers now in Australia via Osko and other services.
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Re:SEC charges Ripple and two executives
by GoblinSlayer on Thursday December 24, 2020 @05:56AM
(#25526506)
You probably talk about UX than underlying technology. https://nppa.com.au/fraud-and-security/ they say they have fraud control similar to that of banks.
>If you suspect you have been tricked into paying someone you should contact your financial institution immediately and report it to the police.
If you pay erroneously, what happens next?
If you overpay, you'll need to contact your friend or whoever and ask them to send it back.
If someone tricks you into sending them money, that's just fraud same as credit card fraud or wire transfer fraud or crypto scamming fraud. What are you getting at?
This is exactly as safe as the previous system which took up to 48 hours to transfer the money.