> If you can build a low friction app that solves a problem, people will use it. For p2b, Apply Pay lets me tap my power button twice and hold it next to the p

> If you can build a low friction app that solves a problem, people will use it. For p2b, Apply Pay lets me tap my power button twice and hold it next to the payment terminal. Hard to get lower friction than that. For p2p, the space is already saturated (Zelle, Venmo, etc.) It's unclear why I would want to use Twitter -- sorry, x -- for this in particular. Also, with the launch of FedNow, the days of new entrant intermediaries in the USA are coming to a close. Finally, as Goldman Sachs just learned, consumer banking is a brutal business. I think the closest they got to building anything like breaking into consumer credit/banking was becoming the bank that supported the Apple-branded credit card.