Why use a third-party at all? It’s been trivial to send money via bank transfer for a long time, check your banking app or website and you’ll likely find a way to send money with just an account number + sort code. If your country has a system like faster payments the transfer will be near-instant too.
You don’t have some system like IBAN allowing you to just send money to whichever bank you want within ome or two days (or in real time but with a fucking fee but that’s about to change)?
Why use a third-party at all? It’s been trivial to send money via bank transfer for a long time, check your banking app or website and you’ll likely find a way to send money with just an account number + sort code. If your country has a system like faster payments the transfer will be near-instant too.
Banks are proprietary software
“bank transfer”
Laughs in US.
Not in America! Every bank transfer is a series of hoops that is a pain to jump through which take days to update.
You don’t have some system like IBAN allowing you to just send money to whichever bank you want within ome or two days (or in real time but with a fucking fee but that’s about to change)?
Not a universal one, no. But there is one that a lot of banks use called Zelle.
Truly, capitalism breeds innovation™