Hacker News new | ask | show | jobs
by mcherm 992 days ago
> It also sucks that you have to provide strong identity to the payer or payee, [...] That’s a bug, not a feature.

No, it is a feature, just not a feature for the customer. It's also not a feature for the bank or fintech. The strict identity requirements are a feature for the GOVERNMENT, and if you want to avoid them you probably need to start your own government (which is notoriously difficult).