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In my mind, banks are infrastructure. There are a limited number of them, and you have to get a pretty specific charter to operate one (that I don't think is ev
by TimothyBJacobs 8y ago
In my mind, banks are infrastructure. There are a limited number of them, and you have to get a pretty specific charter to operate one (that I don't think is even being granted anymore?) Patreon isn't. Anyone can create a website where people donate money to creators.
- Sacho 8y agoThat's pretty vague. Where's the dividing line of "difficulty to set up" that differentiates banks from Patreon? There's actually more banks(even in my country) than websites dedicating to donating money to creators, as far as I know. Patreon supports recurring donations, so I'm guessing they have PCI compliance - your line is above "any guy with a website" but below "bank", but can you try pinning it down? Are Mastercard and Visa infrastructure?