Comments by "May L" (@MeiinUK) on "Why The Big Banks Created Zelle" video.

Because of global fraud as well... many countries now control their own money. No more between countries any more. Cos there had been so many scams. So... this is why so many countries now have their own version of things. Everybody knows that India uses gold... and money.. Not cards. Or ebanking. I don't think it is save, in all honesty. Cos this is how Europe lost their money, cos it was stolen this way ! (Funnily enough, by other foreigners like yourselves !)
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@Realitycheck18 : But this is not payment though. This is just a transfer of money. It is fine, if this is an isolated thing.. but this is NOT fine... if this is actually banking. This is not banking. This is what we class as a sole trader in the UK. However.. this was NOT Globalised, with authorisation at all.... before.. and it certainly is not now either? International payments to payments had always been through banks. HSBC broke this apart as well.. cos they didn't do their own due diligence.. and incurred a LOT of issues... And to be frank... You guys have been hacked as well. In case you did not know. India... or Bank of India.. had been hacked. This is why you guys now uses this type of mobile phone payment system. YOU assume that this is "payment"... But ask yourself.. who is hosting those mechanism for you to pay with ? FYI... It was North Korea many moons ago that hacked all of the banks.... Including India's... And FB is banned from India. As with a few technologies as well. You are like China... a percentage of the people... without money... so instead.. using this form of "tokens". In the UK, we have something similar too. We pay a supermarket or their "credit loans".. Basically, using their own profits to loan out. This has been going on for ages. But it is always backed by a bank. A POS is not a payment thing. POS is the system to calculate your business' finances. This is not personal money. Using the way that you described is basically transferring from person to person. Not person to business. Which it SHOULD do. Person > business > Indian Tax office. The way you are describing.. is classified as what the UK call as money laundering. Actually. Most people uses this method when they sell second hand goods. Not goods made from scratch.
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@0xDEAD_Inside : Do you know why you guys are now being pushed to do tech stuff ? This is not a competition for the US... or with Europe.. to be honest. I think this is for you guys to protect yourselves. Not to attack others in other countries. https://www.youtube.com/watch?v=Usu9z0feHug&t=29s Look at the list of banks... India included. Also... look at this from China... Yep... Those are INDIAN rupees as well !!! And yet, the Indian government denies this. https://www.youtube.com/watch?v=jmgBpRAB8B4&t=702s China and India, are the same.... both of your countries couldn't keep a focused control on your spendings.... So... not everything is calculated currently. This is why some of these so called p2p is now starting.. in hope to control SOME is better not to control ANY at all....
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@arneshb07 : They are not. It's phone to phone. It might have left one bank. But then it stays with that phone's cloud... It really is not bank to bank.
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@zannierzan9634 : Er.. US did have theirs. It's called "Visa".. Bank in the days. And many global banks, could either decide to join it, or not. Same with Mastercard. In Europe.. we have something similar too. Maestro... or Switch. The problem is not the protocols.. or whatever.. the problems.. is fraud. Either those who works in the bank, make mistakes, or deliberately make mistakes. Or even deregulation just swept away an actual bank itself. So many banks went into ruins.. because of either changing policies, and changing economic trade deals...(oh yeh, this one does affect banks too)..... and this is how nation states collapsed. And die out. Literally. There is another interesting youtube video as well about Afghanistan... I didn't know that the US government helped their country in raising itself from poverty... but... they tried.. til they cannot.. and then they went under. So the US pulled out. And after it pulled out, it went into an absolute dire trajectory.. and then the country collapsed itself, cos they wouldn't listen.
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@twlee1930 : Brazil uses bitcoins.. or those form of mechanisms... and as much as it looks high tech... It doesn't go through the US system at all. Or any other major country and part of their system either. And they do not swap currencies. What Brazil has literally done, is basically tapped into the chinese system.. and as much as it looks good... There are also downfalls as well... Switzerland also has great banking systems too. And does not use biometric datas or anything of the sorts. So it does not "detect" you.... HK used to have finger printing too... for a long time. But then again. People were not intrusive ? And now ? You can get your finger ID cloned.. and all sorts... Why ? Cos those who used to work for the banks now have left the banks.. and basically built their own businesses... And outsourced those stolen ideas as independent... and, probably "sold" to other countries already. (Without patents etc. Or maybe PRC filed the patents that didn't belong to them to begin with.) This is why the metaverses... cos then you cannot see, of basically sue others. Why? Cos you cannot access them. Huh. So much for people knowing what is what... everyone knew this day would come.
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@Churros1616 : China is still... according to the UN level... a "developing" country... This is what they are saying. Now.. imagine why they are doing that. Is it cos they are in debts? Is it because.. they don't share their wealth equally ? Is it because... some people hoard the money and do not share it ? Or is it because... they keep scamming each other out of money ? The list goes on and on and on !!!
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