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Visa's underlying fundamentals didn't change due to a recession.
by sureshv 7y ago
Visa's underlying fundamentals didn't change due to a recession.
- acchow 7y agoStripe is also in the payments space. I wouldn't expect Stripe's financials to change any more than Visa's during a recession.
- ryanmercer 7y agoVisa makes a ton of money just off of necessary debit card transactions. As far as I know Stripe doesn't have a whole lot of groceries/gas stations/drug stores/doctors offices/etc as customers. From what I've seen Stripe mostly has customers that are selling non-essential services and luxury goods. They'd be far more likely to suffer during a recession than Visa. I mean, Visa does around 1,700 transactions per second on average [1] and handled over 2 trillion dollars in a single quarter last year [2] [1] https://hackernoon.com/the-blockchain-scalability-problem-the-race-for-visa-like-transaction-speed-5cce48f9d44 https://hackernoon.com/the-blockchain-scalability-problem-th... [2] https://www.digitaltransactions.net/visa-surpasses-2-trillion-in-payment-volume-in-its-third-quarter/ https://www.digitaltransactions.net/visa-surpasses-2-trillio...