this post was submitted on 09 Nov 2023
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Europe
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In Greece is 4-6β¬ per transaction for every 100β¬π (now we have created the interbanking system called IRIS which you can send money to an IBAN linked with your phone number for free)
I canβt wait for the day when consumers can cut banks out of their lives.
How would you get loans without banks?
From the central bank at slightly above policy interest rates. Cutting out as many middlemen as possible should be imperative for our age of technology.
That is until we have gotten rid of the central banking system β¦