Re:European Payments Initiative (EPI)
by TMWNN on Friday September 03, 2021 @07:00AM
(#28402619)
>I'm not saying it's the end of the world, you're just way behind. I lived in USA, Canada and several European countries so it's first-hand experience, not an exaggeration,
And yet you don't know that, as nraynaud and bayart said, the French use checks (about as often as Americans). Checks are definitely a thing in the UK, too. Are France and the UK no longer part of Europe? (If you make a Brexit joke here, as opposed to actually trying to respond to my point, you automatically lose.)
>Top 3 real frustrations are the difficulty of international wires
I will give you this. When I had to send $2000 to a Canadian earlier this year, the cheapest method we found was to do so through Coinbase using Bitcoin; I think the fee was about 1% (for me to purchase the additional Bitcoins I needed; no fee charged by Coinbase for the transfer itself because it was internal).
>the frequency I have to visit a branch
I've been a customer of USAA Bank for years. As it was created to serve the military (although its remit has expanded), USAA has always been designed to work without a local branch. There are many such branchless banks in the US. That said, I have accounts with other, "traditional" banks and they have been about as online as USAA is for years.
>and how weirdly hard it was in SF to split bills (the last may have changed since 2018).
And yet you don't know that, as nraynaud and bayart said, the French use checks (about as often as Americans). Checks are definitely a thing in the UK, too. Are France and the UK no longer part of Europe? (If you make a Brexit joke here, as opposed to actually trying to respond to my point, you automatically lose.)
>Top 3 real frustrations are the difficulty of international wires
I will give you this. When I had to send $2000 to a Canadian earlier this year, the cheapest method we found was to do so through Coinbase using Bitcoin; I think the fee was about 1% (for me to purchase the additional Bitcoins I needed; no fee charged by Coinbase for the transfer itself because it was internal).
>the frequency I have to visit a branch
I've been a customer of USAA Bank for years. As it was created to serve the military (although its remit has expanded), USAA has always been designed to work without a local branch. There are many such branchless banks in the US. That said, I have accounts with other, "traditional" banks and they have been about as online as USAA is for years.
>and how weirdly hard it was in SF to split bills (the last may have changed since 2018).
This is one of the things people use Venmo for.