Re:Why it's taking so long for Americans to get payments ins...
by mcfedr on Sunday December 17, 2023 @03:45PM
(#38676230)
I think the network issues you mentioned are relatively simple engineering issue, you can easily hire and delegate.
Banks have the issue with delegating power to give you money. From a distance I'd guess there is a real advantage to businesses of local banks and being able to work on personal relationships.
You never have a relationship with a big company, you are just an entry in a database interacting with an algorithm.
Banks have the issue with delegating power to give you money. From a distance I'd guess there is a real advantage to businesses of local banks and being able to work on personal relationships.
You never have a relationship with a big company, you are just an entry in a database interacting with an algorithm.