Apple Inc has been sued by Venmo and Cash App customers in a proposed class action claiming the iPhone maker abused its market power to curb competition for mobile peer-to-peer payments, causing consumers to pay "rapidly inflating prices."
I’m from the UK and the thought of paying money to transfer is absurd to me. All our banks are built on an open API and it takes like a minute to perform an instant transfer between anyone and any bank. There needs to be some kind of standard in the US.
I’m from the UK and the thought of paying money to transfer is absurd to me. All our banks are built on an open API and it takes like a minute to perform an instant transfer between anyone and any bank. There needs to be some kind of standard in the US.
You can thank the EU for that.
Nope, it was commissioned for UK banks by the CMA, a UK government entity.