Comment American here, and ... (Score 1) 181
No... nobody I know thinks we're "leading the world in banking technology". We're well aware how backwards the systems are. That's likely a big motivator for people to dabble in crypto and to use all the electronic payment systems that popped up, from Venmo to Cash App.
It's endlessly frustrating. At least 20 years ago, I was sure paper checks would vanish because of the utter lack of security they provide people. It seems like they came from an era where one's signature meant something? (If you think about it, that theme runs deep in our Financial system. Every credit card transaction prompts you for a signature. Yet if you ever have to challenge/fight fraudulent charges, you'll find the card companies don't give a crap if your signature matches what they show was scribbled for the transaction. You're still just as liable for it. Sign with a stick figure
Credit card processing is pathetic too, really. I was selling some 3D prints just a few weeks ago at our booth at the local Farmers'/Artisans' market, and a guy gave me a card that only worked with a mag-stripe. I had to run it with Square by manually keying in his card digits! I thought mag-stripe was rendered obsolete by now!