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Yes but, again, isn't this whole "digital era" thing based on the premise that scaling is cheaper per user involved?
by moralestapia 4y ago
Yes but, again, isn't this whole "digital era" thing based on the premise that scaling is cheaper per user involved?
- bin_bash 4y agoI'm not sure I understand, this is the point I'm trying to make. Varo is going to be able to support more customers since they have fewer variable costs. Legacy banks are going to have to pay for real estate and their labor force through worse interest rates and fees.
- bombcar 4y agoVaro also is trying to make a profit for its owners, whereas a credit union's owners are the depositors. But there are online-focused credit unions, too.