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Probably requires quite a bit more financial/legal hacking than technical. That said - I agree that it seems like a real opportunity. The entire "payments ind
by simon_ 16y ago
Probably requires quite a bit more financial/legal hacking than technical. That said - I agree that it seems like a real opportunity.
The entire "payments industry" boggles the techie mind - Visa, MasterCard, and Western Union (to name a publicly-recognizable few) enjoy very high ROI having a nearly trivial (for a serious organization) technical problem to solve.
- ig1 16y agoIt's trivial if and only if you ignore fraud, which contributes a huge amount of technical and legal complexity. Read the Paypal interview in Founders at Work. It wasn't market or technical reasons which killed their competitors, it was their inability to deal with fraud.