4 ms·
Visa 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/
by ryanmercer 7y ago
Visa 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...