Strike! Great article on Techdirt about the sluggishness of banks in adoping the latest technologies to make wire transfer hassle free. The problem gets magnified when you conduct cross-country transfers. So it’s really time that a service like PayPal just crushes the complacency of these incumbents which combine lack of innovation with an unprecendented habitus arrogance towards their customers. I am convinced that there is tremendous potential for a sound P2P payment system.
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