| > How can we create a more equitable financial system, where everyone has access to banking services? In the EU - easy - get rid of PSD2 which requires banks to add OTP before actions, account number and password are not good enough anymore.
Information and transaction providers now exist because of that but they require an application and a certificate that costs money. If in the EU we get rid of those and go back to old "home banking computer interface" everyone can access their own account in an automated way. Instead we now have to pay an external service which pays the state for certs each year to be able to automate our bank accounts. This is essentially legal theft or a protection racket. Image you have to pay a 3rd party for every sale you made. That is PSD2 in a nutshell. Also easy - provide free bank accounts. Banks make enough money as is and are bailed out with citizens cash if they crash. All crypto(currency) does is contribute to the pollution of the planet and provide no real value (progress). I'm not talking about all the scams that are going on in terms of value and I'm aware people got filthy rich by gaming the market, which isn't a market to be honest. It's a manipulative scheme, unregulated and I repeat myself, bad for the environment. |