331–335 of 335 posts
Earlier quoted context omitted.
Because you should be skeptical about their claims about being backed by real money.
Some projects are actually extremely serious and audited. For example, Paxos/USDP, USDC. Diem/Libra's proposition was exactly that also.
UPI can potentially be scaled to all countries. I think the biggest USP of UPI is the interoperability between payment apps(Google Pay, Paytm, PhonePe, etc), VPAs(alice@icici, bob@axis, dan@upi, 9848123456@paytm) and banks. One could have an account with bank A, create a VPA with bank B and use that VPA to pay a business through virtually any of the payment apps(GPay, Paytm, PhonePe, BHIM, etc). The main pain point U…
I took a trip last month(within India) with about ₹600 cash and returned with ₹560, with UPI for everything from chai to flight tickets. It's just so frictionless. UPI was built around mobile phones, and a significant part of the trust comes from the KYC that was enforced from the beginning for mobile connections. I'm not sure how well that process will scale across countries and across currencies. Still, with the in…
No. It involves anyone billing me giving me their bank account (IBAN) number, and usually some reference number too, along with the amount and due date.
> The Single Europe Payment Area (SEPA) offers free, instant transactions between European banks. They’re pull based; a user communicates their banking information to a business, which debits the user’s account, rather than the business communicating their banking information to the user in order to send them money.
Sure, maybe that also exists -- but why would anyone accept doing it that ass-backwards way around?!?
All in all, one wonders whether this guy just doesn't know what he's talking about (when it comes to Europe), or if perhaps he has some reason to outright lie.
> My employer Stripe...
Oh. Well, I guess that answers that, then.
Earlier quoted context omitted.
US? Bank transfers are couple clicks with zero fees in most of Europe.
*EU, that's the point. Outside SEPA, people still use SWIFT.
Does anybody know of a way to make recurring SEPA (push) payments? My bank requires manual interaction, so I have been looking for a card-to-SEPA gateway - without succes. Reason: Binance offers recurring DCA but with hefty fee for Visa/Mastercard. Binance partnership with AdvCash makes SEPA "zero"-fee possible. AdvCash accepts SEPA, but my bank cannot make recurring SEPA payments.