693
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 27 Oct 2023
693 points (86.2% liked)
Technology
59623 readers
1150 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
Somehow services like PayPal manage to avoid being regulated like a bank. I'm sure they'll ~~clobber~~ cobble together some potentially unlawful solution and not face any repercussions for it.
Paypal is a bank here in europe. Hope musXk leaves Europe.
iirc the money storage aspect of PayPal has to be regulated as a bank.
I think because they're a payment processor. Banks store large amounts of money, make loans, etc.
It's going to be like a crypto or PayPal wallet where you can store a balance, it's just not insured or regulated like a bank.
I saw an article a while ago where a concerning amount of people were doing that instead of a bank account.
They issue credit and lenders finance this. There's always a bank.
Cobble?
The Things been put in charge of their legal team.
It's cobblin' time
makes shoes
Yes, jesus thank you. It was right on the tip of my tongue.
"Clobber" implies violence, which is somehow even less elegant than the standard phrase that the haphazard "cobble" implies. Given the shitshow of X so far, clobber probably works better even if it's not the usual way to phrase this at all.
And despite cobble and clobber implying violence and inelegance, cobblers are either some of the best versions of pies or the people that maintain your fanciest of shoes.