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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
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