News for hackers. Stuff that matters.

A comment on Introducing Snapcash. Parent comment

Re:Introducing Snapcash by kungfooguru on Monday November 17, 2014 @08:41PM (#8621961)
So Europeans have better credit cards than us because they have less regulations? And New Zealanders have easy peer to peer transfers because of what less regulations?

And all of this could be more easily done by getting rid of banks except for a single federal bank.

[ Parent | on HN ]
Re:Introducing Snapcash by seestheday on Tuesday November 18, 2014 @12:28PM (#8624999)
I'm not sure if you're being sarcastic or not, but there are thousands of banks in the US [1]. Getting rid of all of them except for a single federal bank is a gargantuan task.

1. http://online.wsj.com/articles/SB100014240527023045794045792...

[ Parent | on HN ]