jamar030303

jamar030303 t1_j32uzni wrote

>Another example is that in most places in europe, cashapps are not a thing because transfers between banks are free, instant and safe.

Two other factors:

  1. In the US, having someone's bank routing and account number is enough to initiate a withdrawal from their account. You can't do that with just an IBAN in SEPA countries.

  2. SEPA bank transfers still require you to know someone's legal name. One thing some people like about "cashapps" is that you don't need to give the sender your legal name.

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