I mean I use Cashapp, but I could also not use it and my life wouldn’t be much harder
Comment on ‘The tyranny of apps’: those without smartphones are unfairly penalised, say campaigners
qyron@sopuli.xyz 1 week ago
I’m shocked.
Right off the top of my head, I can mention an entire finacial institution that only exists through an app. No website, no physical locations, no nothing. It’s one app and that is it.
starman2112@sh.itjust.works 1 week ago
qyron@sopuli.xyz 1 week ago
I don’t know what Cashapp is but I’m going to take the risk and say it’s a fintech that handles direct money services. How off am I?
But I’m talking about a bank. The institution only exists through an app. Let’s say you do a odd job and you get paid cash. You can’t deposit that money: there is no place or way to do so.
starman2112@sh.itjust.works 1 week ago
fintech that handles direct money services
Even more succinct and accurate than how I would have described it lol
Cashapp is also sort of an entirely online pseudo bank. There are places that let you deposit and withdraw cash, but they’re like two steps above Bitcoin ATMs
I do know people who have these fully online banks though. It’s so much worse than just using a credit union. Imagine having to pay to pull cash out of your bank account
btaf45@lemmy.world 1 week ago
No way would I use that app.
qyron@sopuli.xyz 1 week ago
We’re talking of what is, technically a bank (Moey), that entered my country through another bank. What is even stranger is that you can’t even go to one of those banks and make a deposit on you account.
I use the services of what you can consider the most de-materialized bank in my country, which has less than twenty physical locations in the entire country, but they have a very robust help line and you can use the locations of another bank in the same group to deposit money to your account.
But Moey? Either the money is wired in or your stuck.