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"Even at scale, not all financial technology companies manage their own ledger. Many don’t." This was surprising for me to hear. Yes, it's a lot of work to bui
by gregdoesit 6y ago
"Even at scale, not all financial technology companies manage their own ledger. Many don’t."
This was surprising for me to hear. Yes, it's a lot of work to build and manage your own ledger, but I'd think it's a core capability at FinTech?
When I worked at Uber, we built/managed our own ledger there. Operating with dozens of PSPs, many of them settling in bulk, on a less frequent basis, I'm not sure it would have been feasible not do so so.
- kunle 6y agoI was surprised to hear it too tbh. Chime for instance doesn't have one (last I checked). I think what happens is, you don't build it if its not strategic in the early days, and then if you hit escape velocity there's never a good time to build one.