This sits at an interesting nexus: I don’t like centralized digital payment systems, especially those run by the government, and I don’t like the destruction of cash. But interference in another country’s system of monetary exchange seems worse. I guess this is a case where everyone is the bad guy.
Sounds like one of those "BIG HELPS" Trump tweeted about doing for Tim Apple in his retirement tribute, Brazil has been trying to get their fee-less payments on iPhone for nearly two years now to no avail.
I recently figured out buying a pack of gum at the closest grocery store and using cash-back at the register is actually a cheaper way to get cash than the ATM outside the store charging $3 for a withdrawal.
I dare anyone to tell me with a straight face that this is a well-run, efficient system we have going. Profit-seeking in capitalism is meant to incentivize new ideas and greater efficiency. Currently though its mostly incentivizing throwing a wrench in any solution that leads to less profit. The tail is wagging the dog.
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I dare anyone to tell me with a straight face that this is a well-run, efficient system we have going. Profit-seeking in capitalism is meant to incentivize new ideas and greater efficiency. Currently though its mostly incentivizing throwing a wrench in any solution that leads to less profit. The tail is wagging the dog.