How much money laundering & tax evasion should we accept in order to enable low-friction transactions? I suspect neither extreme is optimal.
-
-
Replying to @paulbaumgart
@paulbaumgart: Square Cash (and the financial rails it uses) is low-friction, low cost, and maintains an accounting trail.1 reply 0 retweets 0 likes -
Replying to @paulbaumgart
@paulbaumgart: Assuming they have a debit card, they don't even need the smartphone. Interface is email.1 reply 0 retweets 0 likes
@numist Getting a (cheap) smartphone is much easier than getting a bank account for those below some not-even-that-low wealth threshold.
11:53 PM - 3 Jun 2014
0 replies
0 retweets
0 likes
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.