Sadly, we have elderly people who don’t even know how to power off their phones. Add onto the fact of all the people afraid of scams. I have an uncle who Carrie’s around his money in a ziploc bag so he can see if he is missing any cards.

I’m a high school teacher, I have students who don’t even know how to use a laptop. I had a student bring in her own MacBook and I surprise her by being able to right click.

But, we do have bank-to-bank transfers which are free & instant, but only if the receiver & sender banks support that platform. Zelle is the platform most used in the US (vast list of supported banks), but there are of course some that have their own platform they made and aren’t willing to ditch it.

You do have wire transfers, but they take longer to setup (verification), it takes a few days to go thru, and it has a small fee.

This is why Venmo, Square/CashApp, etc. are still around.