Switzerland's new instant payment system will bolster the future of cashless payments in the country, the Swiss central bank said Wednesday after the scheme went live.
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
you’re absolutely correct… we’ve had this in australia for years and it changes the game tbh
it was added with a system that integrates account details with phone numbers, email addresses, abns (australian business number), so you can pay to all these identifiers without bank details from any bank to any bank, and it’s instant
the massive benefit of it being bank to bank rather than some shit 3rd party app is you’re much more protected against fraud, and there’s lots of insurance going on that you’re not aware of until something goes wrong
who said anything about every day? any day does not mean every day… having access to all my money whenever i feel like it is freeing - not that i need it all the time
I’m paying with cash whenever possible, and avoiding places where I can’t, yet I have never kept that much money with me on the go. It just seemed unusual to me that you would want to do so
Most people use facebook, uploading their life without a second thought, and click on anything and install anything that is put in front of them. “Most people do this” is not a good argument, I think.
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
you’re absolutely correct… we’ve had this in australia for years and it changes the game tbh
it was added with a system that integrates account details with phone numbers, email addresses, abns (australian business number), so you can pay to all these identifiers without bank details from any bank to any bank, and it’s instant
the massive benefit of it being bank to bank rather than some shit 3rd party app is you’re much more protected against fraud, and there’s lots of insurance going on that you’re not aware of until something goes wrong
got a point there, the twint TOS are straight up criminal, if this new system kills twint im in support of it.
that’s literally what this is about
Nah that’s way too convoluted, would never work out
Who said you need to? Do you spend $10,000 every day?
who said anything about every day? any day does not mean every day… having access to all my money whenever i feel like it is freeing - not that i need it all the time
I’m paying with cash whenever possible, and avoiding places where I can’t, yet I have never kept that much money with me on the go. It just seemed unusual to me that you would want to do so
this is just the standard situation in australia and now that i have it i’d never go back… i think most people that live here think similarly
Most people use facebook, uploading their life without a second thought, and click on anything and install anything that is put in front of them. “Most people do this” is not a good argument, I think.