EU seeks to make 10-second instant bank payments a reality

https://lemmy.world/post/8004545

EU seeks to make 10-second instant bank payments a reality - Lemmy.World

Maybe make the bank Apps a little more intuitive to use and make it easier to send recurring payments to your friends and the monopoly of paypal in germany could disappear
Yeah. It’s really a UI issue at this point. Just a simple frontend to facilitate SEPA transactions to contacts (which could just be a simple Name -> IBAN map stored locally)
Alternatively, let’s kill contact lists completely and do this some other way. Contact lists are already a privacy disaster, allowing users to compromise all their friends’ personal information without a hint of consent.
I’d suggest providing alternatives before killing the current best solution
Speak for yourself. Speaking for myself, I don’t even use my contacts app for this reason. When the “current best solution” involves telling Big Tech the identity particulars of all your friends, it is not a solution to anything. If this had not been normalized by Google and Apple 15 years ago, it would surely be illegal.

Jesus Christ then don’t use it if you mind, but overall, it’s the best solution for keeping track of people’s phone numbers.

You’re saying kill it but not offering a better choice, you’ll never accomplish anything like this.

Well pardon me but “Jesus Christ” perhaps some of your friends never asked you to share their names and phone numbers with Google or anyone else just because it makes life convenient for you.