<i>the world&#x27;s most advanced economy</i><p>Come on, we can do without the rah-rah. US banking and law is extremely backward. Everything I can do in the US, I can do here in China, and we have massive mobile payment penetration. Most of Europe is <i>far</i> more advanced. Even East Timor has the IBAN. You guys are still stuck with bank backend systems mailing &quot;checks&quot;, and multi-day ACH. The only reason the rest of us find it hard to get payments is because the credit card monopoly is tantamount to a global protectionist racket and is supported as such by US politics for intelligence purposes, just as SWIFT is.