121–130 of 203 posts
Earlier quoted context omitted.
We already have similar tech here in the US, it just hasn't been adopted by everybody yet.
Where? I bank with Wells Fargo and to make a wire transfer to anyone in the US, I have to physically walk into a branch and it costs $20.
With all the available options why would you want to use a service that requires you to figure out if the other person uses an iPhone?
I want to give my children their allowance? Or transfer money back and forth with my partner?
I'll use Venmo until they pry it from my hands, it's one of the most life-transforming services I have ever used. I'll just repost my comment from the last Venmo thread here: ========================================= Venmo was started by UPenn alums so it was popular among my friends long before it was a phenomenon (one of my good friends interned there and wrote the BlackBerry app). I used to use it exclusively by S…
It would literally be faster to write your friend a check.
We need instant cash transfers in the United States, like the rest of the world has.
With all the available options why would you want to use a service that requires you to figure out if the other person uses an iPhone?
My whole family and many of my friends use iPhones. iPhones are extremely secure thanks to TouchID and Apple's software. Apple already has payment info for me and a good relationship with banks. They're normally pretty great at UI and can integrate it into the OS in ways no 3rd party ever could. It will be built into the phone and come preinstalled so I don't have to convince people to install it. Apple shows a lot m…
Why do you need banks, when you can just transfer Bitcoin?
If Apple introduces this, it will likely require scalability higher than that of the current blockchain, which allows for roughly seven transactions per second. Peer-to-peer is definitely the way forward, but for now, banks have the infrastructure, and the customers.
However, unless Apple has had a secret bitcoin project going on for the past few years, it's too early to deploy something like this. Their first person-to-person product certainly wouldn't use a cryptocurrency.
Yes! I was just thinking: One hundred person-to-person payment services aren't enough... we need 101! Seriously though, Apple has a terrible time creating online services ( http://www.zdnet.com/article/apple-and-the-cloud-a-magnifice... ) and there is no way another entry in the "Proprietary, heavily policed, middle-man-encumbered social payment tool" is going to go anywhere.
Earlier quoted context omitted.
Where? I bank with Wells Fargo and to make a wire transfer to anyone in the US, I have to physically walk into a branch and it costs $20.
Chase has "QuickPay", where you just enter the recipient's info, and the transfer is near-instantaneous. Only works with other Chase customers, however. Other banks have similar systems.
Yes! I was just thinking: One hundred person-to-person payment services aren't enough... we need 101! Seriously though, Apple has a terrible time creating online services ( http://www.zdnet.com/article/apple-and-the-cloud-a-magnifice... ) and there is no way another entry in the "Proprietary, heavily policed, middle-man-encumbered social payment tool" is going to go anywhere.
That article is a year old, and somewhat off. Apple's recent cloud stuff has all worked very well for me. The only spotty things are CoreData syncing (which may be deprecated, it's certainly not encouraged) and anything that touches iTunes (which is probably the oldest infrastructure they have). Stuff they've launched since then such as iCloud Photos has been working great. Heck Apple Pay works extremely well and tha…
https://play.google.com/store/apps/details?id=se.bankgirot.s...