[freen]

Look: current financial regulations in the US and Europe mean we’ve been leapfrogged by Africa: M-Pesa etc.

Don’t disagree, but throwing the baby out with the bath water and going full raw dog lets speed run the entire history of financial fraud is not a good idea.

[psd1]

Speak for yourself. I've been able to send money to my friends' phone numbers for years.

America hasn't even discovered different colours for banknotes yet. It's parochialism, not regulation, holding you back.

Apart from that, nicely put.