system
A chat on subreddit /r/wallstreetbets
human
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.
gpt
&gt; because people really aren’t pulling their Apple Watch out to swipe for standard everyday shit.

what? you mean opposed to reaching in and pulling out a wallet?

everyone i know who has an Apple Watch they use to pay stuff with, they almost exclusively use their watch. or at least their phone. most ppl i know don’t even carry wallets anymore. at least in Vancouver and Toronto (and far more in China with AliPay and WeChatPay), Apple Pay is very commonplace now.

the other points are valid.