3 ms·
It’s not a unique product and I worked for some bank startups in the early 2000s trying trying the thing. And really this was the original idea for PayPal, dwo
by prepend 3y ago
It’s not a unique product and I worked for some bank startups in the early 2000s trying trying the thing.
And really this was the original idea for PayPal, dwolla, and lots of other digital cash payment systems.
- burnte 3y agoWell, unlike PayPal with had been around for years, this was basically SWIFT for the US, which is kind of what Zelle is. From what I heard the big problem they faced was banks couldn't see how to monetize it.
- simfree 3y agoNearly all of which have pivoted from the free at point of use model since moving money for consumers at no cost is not often profitable.