[gorgolo]

Banks don’t do this because of profit. They do it because of decades of laws pushing in this direction. Anti-money laundering, know your customer, digitalised currency, abandoning cash, preventing tax evasion etc… it’s been getting more extensive over time.

[Hackbraten]

None of the things you mentioned inherently require the user to own (and babysit) an expensive general-purpose computing device produced by tracking-obsessed adtech giants and with software obsolescence built into the product.