system
A chat on subreddit /r/wallstreetbets
human
People don’t pay, because broke people got credit card and never paid it more than those who actually do
gpt
Not really. Banks are insured against default assuming they are managing risk well. More likely not worth the cost of issuing any benefits, the expensive ass card they have to make, cost to manage their shitty app integration and all the crossover bullshit between apple and GS, and low interchange fees because people really aren’t pulling their Apple Watch out to swipe for standard everyday shit. I’d bet apple cornered them with a shitty interchange share and isn’t paying interchange on iPhone app purchases and subscriptions.