Why The Big Banks Created Zelle \ stacker news ~bitcoin

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Why The Big Banks Created Zelle www.youtube.com/watch?v=Y2OFq46-6T0&ab_channel=CNBC

41 sats \ 17 comments \ @zuspotirko 10 Feb 2023 bitcoin

1 sat \ 11 replies \ @Eximpius 10 Feb 2023

LOL CNBC.... This is an add for the banks. Just read the description of the video.. "The big banks tried to compete in the space when PayPal first came on the scene 25 years ago, but their business models failed." Gee, I wonder who paid for this "journalism" to try and give payments apps a bad name.

1 sat \ 9 replies \ @Eximpius 10 Feb 2023

In 6 months, choke point 2.0 will go after payments app as well. Gotta get you on that CBDC.

10 sats \ 7 replies \ @DarthCoin 10 Feb 2023

good point

1 sat \ 5 replies \ @Eximpius 10 Feb 2023

In the video they sure are focusing on letting the people know Zelle is "different" from P2P(cash app,......) and are trying to give P2P a bad name. I think the banks still own Zelle basically. It was originally ClearXexchange owned by like 4 banks like JP morgan.

0 sats \ 3 replies \ @DarthCoin 10 Feb 2023

So is like a Strike for LN... right. Same shit.

0 sats \ 1 reply \ @Eximpius 10 Feb 2023

yeah Strike would fall into P2P

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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0 sats \ 1 reply \ @howdoiturnthisthingon 11 Feb 2023

Zelle seems to work fine with p2p exchanges, though make sure to leave the memo field blank.