Since when is Chime a bank since their customer service repeatedly told me in no uncertain terms that they are a "spending account" and absolutely not a bank.
On their own "About Us" page: "Chime® is a financial technology company, not a bank." eyeroll
These leeches want all the profits of banking and none of the customer service and regulatory obligations.
New rule: if we ask 100 of your customers if they think you're a bank, and the majority say yes, congratulations, you're now a bank under law, because you sure as hell are pretending to be one.
It's more that they want to disaggregate the customer service and tech stack responsibilities from the financial ones, with the profits split accordingly. At least in the US, Chime and other "banking fintechs" do have real banks underpinning them (The Bancorp Bank and Stride Bank, in Chime's case). This new the three-way relationship (customer-"fintech"-bank) can present new types of risks, and there's definitely room for overhauling the rules that regulate it, but it isn't an inherently bad business model.
While Chime, the company, isn't a bank, they do resell banking services. They are functionally value added resellers for The Bancorp Bank, N.A. and Stride Bank, N.A.
300+ supermarkets accept it in Switzerland. It's not like they choose every crypto they want to accept, they just use a payment processor that supports a bunch. I don't see that as particularly hard to implement if there's demand.
Walmart probably won't, considering they don't even accept Apple Pay.
Spar Launches Switzerland’s First Nationwide Crypto Payment Rollout
Walmart supports Apple pay in Canada , so does Home Depot.
Anyway , monero for a PoS crypto system sounds amazing. Do you know if any North America support this? If so specifically which brand / company / provider ?
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