Erika Lancaster's video: https://www.youtube.com/watch?v=2hNV5zhSC8U Tom Nicholas' video: https://www.youtube.com/watch?v=mXyN3-gQwJw Me reacting to Tom's video: https://youtu.be/Z4dwHAstO9c New St...
If nothing else it’s a bit of a faff. But again you’d need someone to convert it to fiat for it to be useful in every day life, which isn’t super removed from a payment processor. It’s pretty much difficult to get away from a middleman somewhere.
They commented, I replied. Is it that exotheric of an idea? I can transfer money anywhere I want, to any bank account. You want to support someone, send them money directly.
My bank number account is a string of numbers. Besides the country and bank entity code, no other information can be obtained and no movements can be ordered on it by a non titular.
Money can be transfered in but the account can’t be moved by anyone but the titular.
You kinda need a payment processor unless you want people to start mailing cash in the post.
Before people ruined it this was one of the ideas behind crypto
If nothing else it’s a bit of a faff. But again you’d need someone to convert it to fiat for it to be useful in every day life, which isn’t super removed from a payment processor. It’s pretty much difficult to get away from a middleman somewhere.
The idea is it becomes the fiat
Direct bank transfers. Those are a thing.
p.s
They commented, I replied. Is it that exotheric of an idea? I can transfer money anywhere I want, to any bank account. You want to support someone, send them money directly.
There was a world before PayPal.
That’s still a payment processor; just now you’ve completely deanonimized both parties.
What is this? Mafia? If you have my account number that is it. You can send me money but you can’t get anything out of it.
Widely sharing your bank details isn’t usually considered a great idea.
My bank number account is a string of numbers. Besides the country and bank entity code, no other information can be obtained and no movements can be ordered on it by a non titular.
Money can be transfered in but the account can’t be moved by anyone but the titular.
You’d be happy to post it on Lemmy with any required routing information?
If I was a creator of content, looking to have a direct way for people to support me, yes.
Are you interested in sponsoring my idiocy? Save your hard earned income; I wouldn’t pay myself.
A simple no would’ve done.