this post was submitted on 22 Aug 2024
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idk about you but i don’t carry around $10,000 cash… i do however carry around my phone, which (assuming someone has that) has access to transfer that, and more
man if only some kind of "technology" existed to securely hand over big amounts of money, like maybe the cash could be "stored" somewhere, like in a "database" of some sorts, and we could then use some kind of "unique identifiers" and make like "transfers" in cases where the needed cash amount is so big that carrying it around makes us feel uncomfortable 🤔
The problem with traditional bank transfers, at least in Switzerland, is that they are very much not instant and take up to 2 buisness days for non-buisnesses in switzerland. Therefore instant payements look like a nice alternative to our alternative to venmo here
got a point there, the twint TOS are straight up criminal, if this new system kills twint im in support of it.