> But that was done by regulation, wasn't it? Would have been nicer to see that come as a result of competition.
Bill Gurly has been crying for years now about how US banks have been bocking/not-participating in equivalent services in US(Fed Now) and for good business reasons for them.
A well functioning market does need regulations. Not everything can be magically fixed by "competition"
Bill Gurly has been crying for years now about how US banks have been bocking/not-participating in equivalent services in US(Fed Now) and for good business reasons for them.
A well functioning market does need regulations. Not everything can be magically fixed by "competition"
https://www.linkedin.com/posts/kivatinos_bill-gurley-on-paym...