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Why You Probably Shouldn’t Use Zelle

发布时间 2022-12-16 20:00:00    来源

摘要

Over the past couple of years, Zelle has exploded in popularity. Virtually everyone has heard of it and many have even ditched PayPal and Venmo. While this may be surprising at first glance, when you consider the advantages of Zelle such as instant transfers, direct integration with bank accounts, and no fees, it’s no wonder why it’s so popular. But, like all things, there is one caveat to this service. While the service itself is exceptional, the reason that it’s so fast and cheap is that its from the big banks themselves. Historically, big banks have abused their trust over and over again even leading to disasters like the 2008 financial recession. And, the big banks gaining control over the p2p payment market will just further increase their power over our financial lives. So, while Zelle itself is a great service, its popularity may not be the best thing for society. This video explains the story of how Zelle was created, why it’s so popular, and the dark truth about the service. Socials: https://www.instagram.com/hariharan.jayakumar/ Discord Community: https://discord.gg/SJUNWNt Timestamps: 0:00 - The Rise Of Zelle 1:20 - Early Failure 4:31 - Introducing Zelle 7:31 - The Bad 10:35 - The Ugly Resources: https://pastebin.com/d5KhfvfF

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