this post was submitted on 20 Dec 2023
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They really want to be WeChat
It'll never catch on in the US, though. We don't need the functionality that an "everything app" like WeChat would provide. WeChat took off because it filled in a big gap for its users. The US already has a robust and diversified financial market and payments infrastructure that Zuck won't have any chance of breaking into.
Still, becoming the US "WeChat" is a very wet dream for any corporation. Of course they will try.
I heard that you folks up north still send written cheques via mail and sign little papers when use a credit card, doesn't sound very robust or diversified to me
Valid, but our credit card and mobile payment penetration is way higher than China's was at the time WeChat launched, and bank relationships are notoriously sticky.