Topic: The US banking system is so fucking antiquated and anti-poor
Anonymous A started this discussion 2 years ago#113,305
We are still hand writing paper checks like we are in the Victorian Era! And checks take a week or more to clear! The rest of the world has instant transfers.
Anonymous B replied with this 2 years ago, 6 minutes later, 2 hours after the original post[^][v]#1,255,053
@previous (dw !p9hU6ckyqw)
The situations aren't very specific that you run into multi-day delays here. Also are you an expert in international banking lol? Seems you didn't know how things work in Australia. So I dunno how much I trust you when you say the "rest of the world" works this or that way...
Killer Lettuce🌹 !HonkUK.BIE joined in and replied with this 2 years ago, 3 minutes later, 11 hours after the original post[^][v]#1,255,108
I haven't seen, let alone used, a cheque for years... I asked a little cousin about them once, he didn't even know what they were. It's interesting that they're still a big thing in America. Reminds me of, like, how fax machines are still a big thing in Japan.
Killer Lettuce🌹 !HonkUK.BIE double-posted this 2 years ago, 4 minutes later, 12 hours after the original post[^][v]#1,255,109
@previous (Killer Lettuce🌹 !HonkUK.BIE)
That possibly came out as more condescending that I intended. I'm not holding it against them as such, probably most countries have some outdated, obsolete thing that they've kept ahold of.
Anonymous B replied with this 2 years ago, 46 minutes later, 12 hours after the original post[^][v]#1,255,115
@1,255,108 (Killer Lettuce🌹 !HonkUK.BIE)
Part of the reason they use faxes so much is because they still frequently use seals in lieu of signatures.
They are also by far the most cash heavy developed country I've ever been to. Although, unlike seals, I think there's at least a practical reason for it now with the increased anonymity.
The whole country has a slight steampunk/cyberpunk feeling to it. And the cyberpunk genre was partly inspired by Japan. Neuromancer (terrible book, don't read it) heavily featured Japan and that was the start of the genre.
Killer Lettuce🌹 !HonkUK.BIE replied with this 2 years ago, 16 minutes later, 13 hours after the original post[^][v]#1,255,123
@previous (B)
Okay, interesting. That just didn't occur to me. Is there a similar reason why cheques have stuck around in America?
> They are also by far the most cash heavy developed country I've ever been to.
Heck yeah, I can attest to that. I went over there for a while myself, don't recall ever using my card outside of an ATM.
This is probably a trivial reason to dislike physical money being less prominent, but I would miss the artistry of coins if they went away. When you travel, it's really cool to examine a country's coins, to see how they want to represent themselves to their people.
Anonymous B replied with this 2 years ago, 20 minutes later, 13 hours after the original post[^][v]#1,255,125
@previous (Killer Lettuce🌹 !HonkUK.BIE)
As for myself, I find paper money more interesting to look at when I travel because you see a much wider range than in coins. All the way from holographic-like effects, watermarks, hidden security strips, etc to very primitive looking stuff you can almost imagine printing yourself, some of which are for absurd amounts like the Zimbabwe 100 billion dollar note: https://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe#/media/File:Zimbabwe_Hyperinflation_2008_notes.jpg
