alt Hacker Newsour govt farms the authorization out to banks (multiple of them), seems to work well. There is also a govt auth on top of that if you don't want that.
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pepperoni_pizza • yesterday at 8:14 PM
Depends on where. Here, basically all banks require MFA - where the only supported second factor is their app on an iPhone or non-rooted Android.
Meaning the requirement is just Apple or Google account with extra steps.
Banks can't just ban you, nor just take your money. The price they pay for being gatekeepers is a ton of regulation.
This is why PayPal for the longest time made it really clear that "we are not a bank". So that they wouldn't be subject to those regulations and could suspend accounts and keep the money.