• JohnyRocket
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    26 days ago

    The problem with traditional bank transfers, at least in Switzerland, is that they are very much not instant and take up to 2 buisness days for non-buisnesses in switzerland. Therefore instant payements look like a nice alternative to our alternative to venmo here

    • Pup Biru@aussie.zone
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      26 days ago

      you’re absolutely correct… we’ve had this in australia for years and it changes the game tbh

      it was added with a system that integrates account details with phone numbers, email addresses, abns (australian business number), so you can pay to all these identifiers without bank details from any bank to any bank, and it’s instant

      the massive benefit of it being bank to bank rather than some shit 3rd party app is you’re much more protected against fraud, and there’s lots of insurance going on that you’re not aware of until something goes wrong

    • birdcat@lemmy.ml
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      26 days ago

      got a point there, the twint TOS are straight up criminal, if this new system kills twint im in support of it.