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I am talking to the Interledger people. Well, one of them, so far.
(As someone who is familiar with banking, payments, compliance, etc) I think Interledger, openpayments.dev, payment-pointers, etc, are interesting.
I am working on implementing their technologies.
But, I want to do something much larger with them, too.
cc: @deadsuperhero
With the neo-bank I created, we got really lucky, and we got a very good price on the fee.
But, I think that was because we were the first neo-bank that (traditional) bank partnered with.
Years later, I went and talked to them again. And, the deal was bad in a lot of ways.
Fees on deposits (as a percentage of the deposit)!!!
Fees on transferring funds between people (as a percentage)!!!
Etc.
cc: @deadsuperhero
Compare that to getting a partnership with a traditional bank, to have them hold funds (on your behalf) for people.
These banks will, for example, charge you (and thus those people) $50 per month per person for that service.
That means, each of those people will have their accounts slowly drained.
...
If you are lucky, you might get a banking partnership that might give you lower fee.
But I haven't yet see anyone give no fee yet.
cc: @deadsuperhero
I've dealt with the banks, visa, etc directly. (I created a neo-bank before.)
The banks, visa, etc, have A LOT of problems of their own.
I think things like stable-coins (from trusted organizations) on the modern L2s are good enough (for many things).
And, could help us make things less-worse.
cc: @deadsuperhero
The short answer is: yes.
Although I was thinking about a sub-set of it, rather than all of it.
...
The longer answer is:
I tend to adhere to the idea of:
Don't let the perfect be the enemy of the good (enough).
Our lives out finite. A 'perfect' "solution" may not come in our life-times, or may even be impossible.
If you have a chance to make things less worse, and even a bit better (I argue that) you should do it (if you can).
(I try to.)
cc: @deadsuperhero
