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2019: When the tech companies hit a ceiling of profit they could make through conventional business transactions, they decided to become banks.
by AdmiralAsshat 7y ago
2019: When the tech companies hit a ceiling of profit they could make through conventional business transactions, they decided to become banks.
- vessenes 7y agoI would say it's the reverse -- tech companies gain more market value from customer stickiness than banks generate in fees fucking over customers. The difficulty using this knowledge in the US has been regulatory and compliance related.