4 ms·
We're a payments company in disguise.
by kapilkale 15y ago
We're a payments company in disguise.
- pitdesi 15y agoI like that... Can you elaborate, or is it hush-hush? Also, what happens when the other person doesn't redeem? (I tried to send myself the free $5 but found the process cumbersome so I didn't redeem). There will be a lot of breakage on this product, which is potentially great for you in the short run but bad in the long run.
- nbaum5 15y agoWhat specifically was cumbersome?
- biot 15y agoYou're essentially a money transmitter and the location hook is a facade. How have you tackled the uncertainty around the Money Transmission Act? (ref: http://www.quora.com/Aaron-Greenspan/In-Fifty-Days-Payments-Innovation-Will-Stop-In-Silicon-Valley http://www.quora.com/Aaron-Greenspan/In-Fifty-Days-Payments-...)