As EU citizens with ID documents and smartphones they can open a full EU bank ac... | Hacker News

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TazeTSchnitzel on Dec 9, 2020 | parent | context | favorite | on: Diem – A rebrand of Facebook’s Libra

As EU citizens with ID documents and smartphones they can open a full EU bank account in a few taps if they want to. They don't need Diem if they want bank accounts surely?

baby on Dec 9, 2020 [–]

We’re actually trying to send them money from the US these days and the fees are not great, made me wish Diem was out already :)

TazeTSchnitzel on Dec 9, 2020 | [–]

TransferWise already exists. It requires your recipients to have bank accounts but they could easily get them.

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