A reminder to leave a negative review for the apps that force you to use google play services or completely don't work on custom android ROM's.
https://play.google.com/store/apps/details?id=com.smart_id This was the app. A lot of banks use it here in Lithuania for logging in, confirming transactions.
Wait until you learn that the bank isn't your friend.
Wait until you learn that 90% of every economy — from monetary policy, to legislation and regulation, to foreign policy — is essentially dictated by less than 0.001% of the population.
0.001 % of 50 million (random example country population) is 500. So yes, it is roughly correct on the national level. How many officials do you want at that level?
Pretty sure they meant billionaires, since they tend to have disproportionate power for "democracies" and they do regardless of who's in power