46
Well, for the users, I guess this is a lesson for them to not bank on a Big Tech company like Apple to cover their financial credit and transactions.
That’s the point, they don’t want to partner with someone on this, they want to do it in-house
Apple wants to get banking certification in every country it operates. That's a new one.
Yeah, I don't think people realise how difficult it is to get those licences. Even with all the cash Apple is sitting on they can't expedite the process. The only way to get around that hurdle is to actually buy a bank in each country.
They have cash to do that kind of thing, but the regulatory hoops are likely ridiculous.
Honestly suprised they need a partner at all
They probably don't feel like being licensed as a financial institution in every darn state.
this post was submitted on 01 Dec 2023
46 points (89.7% liked)
Technology
59670 readers
2174 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