Apple's social financial network or how to become a walking ATM

Tomcat

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Dear friends, there has been talk for a long time that alternative methods of settlements between people are coming, that financial instruments will soon change. New social financial networks are being created and there is room for giants.

It was recently announced that Google and Apple would create their own banks, and

Apple is taking one of the first steps. Yes, exactly APPLE.

Apple offers an application under the complex name “ad-hoc cash-dispensing network” (“self-organizing cash dispensing network”).
In essence, they are going to make mobile ATMs out of the user.

A user who urgently needs a certain amount of money launches the application and writes his request that he needs cash.

Users of nearby Apple smartphones with this application are prompted for financial assistance.

Users see a request and if they want to voluntarily help, they contact the person who left the request, meet locally and, during a personal meeting, cash is transferred to the person who asked.

After that, the one who requested help confirms in the application that he received help - received cash in hand. At this moment, an equal amount is debited from the requester’s iTunes account in favor of the cash giver.

A “transfer fee” or for using the service will also be debited. So to speak, for mediation in favor of Apple.

It is worth noting that sometimes cash is as necessary as air. Of course, it’s difficult to call it mutual assistance, but the fact that it is help in a difficult situation, for example in another country, is for sure.

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