They're all trying to Venmo-ify payments. You run a balance on their platform an... | Hacker News

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		debt on Jan 8, 2018 \| parent \| context \| favorite \| on: Google Pay They're all trying to Venmo-ify payments. You run a balance on their platform and just pay with that. Tech companies are trying to become outright banks, but with none of the FDIC insurance or other safeguards that goes along with it lol. Innovation...

briandear on Jan 8, 2018 [–]

> They're all trying to Venmo-ify payments.

Not all -- Apple Pay doesn't do the balance on their platform thing.

https://support.apple.com/en-us/HT207886

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