101 karma · joined November 11, 2020
So I hope that the US gets to a place where it is secure and convenient to pay others bank accounts with the balance in your bank account - but I doubt it.
Yeah, all corporate customers that have seen an FDIC charge on their statement, based on Q-end balances will have a "special" laugh at this. It's going to be passed through and not be bourn by the surviving banks - that benefit from this 'bailout' of their customers....
Instead of inventing yet another payment rail/app we are aiming to make B2B payments more secure, easier on proven infrastructures.
It's not so much asking for 'perfect' security - I agree, that doesn't exist.
But do HW security tokens create a probability of a hard lock-out that outweighs the security/convenience they provide.
The question everyone needs to ask themselves, if Google closed your account right now, for good - what would that do to your life...
On the other hand, retail customers can't be trusted with their wallet keys..