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I'm interested in building commission free marketplaces. Some of the advantages that a system like this can have is - You can completely get rid of centralized
by oneowl 7y ago
I'm interested in building commission free marketplaces. Some of the advantages that a system like this can have is
- You can completely get rid of centralized international payment processing and distribution.
- Countries where cellular networks have good coverage (i.e. most of the regions where marketplaces operate today) already have highly efficient payment networks that can be set up by any individual or a business. All we need to do is educate them how.
I don't think building a technology infrastructure would be the right way to solve this problem. Effort should instead be spent in educating how the existing infrastructure can be used by individuals to their advantage.
The goal of marketplace operator should be to ensure that all the operations are run smoothly. How customer grievances are to be addressed? How the legal regulations are to be followed? How the service is going to be provided? How the compensation is going to be received? In other words the marketplaces should take away the administrative burden of the participants.
Think virtual assistants.