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Fred2620 t1_jearelv wrote

Reply to comment by redyellowblue5031 in It's becoming increasingly clear that fintech has a fraud problem by marketrent

> by removing the a majority of checks and balances in more conventional slower forms of money transfer.

But then again, there's a reason why these checks and balances exist in the first place.

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redyellowblue5031 t1_jeauimf wrote

For sure. People bemoan the fact they can’t send and access money instantly but also don’t like getting scammed. Somewhere, there’s a trade off like in all other forms of security.

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