• @TotalSonic@lemmy.world
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    05 months ago

    In USA I’ve found it’s pretty easy to live without banking on your phone, although you can’t say the same for some other countries. Granted I have a job where I am working with my own desktop computers most of the day, so I can pay bills and transfer funds on them during those times - and lots of people might not have the same luxury. But I’ve yet to feel a need for any of them while out and about beyond a few occasions of Venmo’ing funds on the go - and at least Venmo still allows you to use their site via browser.

    • @toastal@lemmy.ml
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      05 months ago

      Venmo is a VC-funded social media (weirdly) + money transfer app which takes a cut for doing like nothing just because you want your cash instantly. Many other countries have built-in bank-to-bank transfers with no fees or wait time & other that there’s no money to extract from this, I don’t know why it doesn’t exist in the US.

      Where I live, cash is luckily still king (no one uses credit & if you do, you are (rightfully) paying the credit card fee yourself), but more vendors are starting to prefer QR code payments & this year one of the banks leading the trends eliminated their online banking forcing you to use an app or do cash.