Comment by Dobbs | Hacker News Reader

Comment by Dobbs | Hacker News Reader

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> True innovation would be more control over your money. For example, you could have a bank account with $100 in it, and you allocate dollars $0-50 to be "online" money. This can mean different things, but for the sake of example let's say that means that you can go to https://bank.com/user/endisneigh and if I give you a special code that I create you can take an amount of money directly from my bank account, specified by the code. No need to use something like stripe.

This is a thing in the Netherlands, between iDeal / Tikkie / and bank transfers. iDeal is used for payments online, it depends a tiny bit on your bank but you get a QR code and you scan it, it then does a direct bank payment from your bank to their account.

Tikkie is similar but is p2p. I can create a link or a QR code and send it to people. They can then use the link or QR code and send me money. Alternatively you can just use my account number (an IBAN printed on the card) and just transfer money.

Monzo offers a similar thing, where you can generate a link to send someone to request money. They also have a feature where you can discover nearby users and send money that way. I've found it to be very useful for splitting bills when out with colleagues etc

But Monzo isn’t a thing that 99% of the country has access too. Tikkie and iDeal are. Every mainstream bank here supports them and are part of the organisations that manage them. Well technically tikkie is ABN AMRO but it is built on the same underlying infra so it works for all the mainstream banks.

> between iDeal / Tikkie / and bank transfers

These things are usually cartels between the local entrenched banks, and not the sort of innovation GP meant.

The idea is the existence of urls such as paynow://any-bank-at-all.com/user/endisneigh

No third party should exist.

See also https://medium.com/@mariusandreiana/open-letter-to-banks-ple...

> Tikkie is similar but is p2p. I can create a link or a QR code and send it to people. They can then use the link or QR code and send me money.

Isn't that just PayPal/Venmo?

The difference is it just uses bank accounts, instantly. You don't have to wait 3 days to get the money, or remember to regularly withdraw money from the app (then wait 3 days for it to arrive).

Venmo has been next day for me for years (which OP mentions in the article)

Tikkie, iDeal, and IBAN transfers (within the country) are essentially instant. Additionally they are universally supported by all mainstream banks.

It's operated by the banks themselves, rather than a third party.

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