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I wonder whether P2P transactions would ever take off in North America.. my feeling is the entrenched system and the regulations that support it would make it very difficult, if not criminal.

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What do you mean exactly by "P2P transactions"? Because what I initially read that as is the digital equivalent of handing someone cash, which would pretty much be considered a hard fail by everybody from top to bottom if that becomes illegal.

Believe me, the government would love to know every time cash changes hands. It is not about to illegalize digital transactions of that sort... it is far more likely to mandate them than forbid them.

I use venmo a few times a month; I guess this isn't really 'taking off' but it doesn't seem like the regulations are really the dampening factor; just that we have better alternatives.

I use square cash very often. I like it more than venmo, mostly because it started out using email, which is so universal and doesn't rely on a mobile app or anything else.

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