this post was submitted on 15 Mar 2024
209 points (97.3% liked)
Technology
74003 readers
3035 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I'm not an expert on digital banking, but this sounds like a no-brainer... Aside from marginally increasing compliance costs, why would this not just be the norm everywhere?
I mean... It was rhetorical. I know why.
It kind of is the norm.
Just a few countries like the US are really backward in terms of accessible banking - mainly due to having no federal ID, residence registration, etc. too on top of outdated bureaucracy.