2 ms·
fednow is great and long overdue but how many of stripe's customers and their customers' customers are able to get US bank accounts? Forex fees on credit cards
by inhumantsar 2y ago
fednow is great and long overdue but how many of stripe's customers and their customers' customers are able to get US bank accounts?
Forex fees on credit cards tend to be painful outside of the US and wires aren't a viable option for most businesses.
- toomuchtodo 2y agoHow much of Stripe’s volume is cross border payments? It's a big TAM [1], but also one central banks are coming for [2]. It's not a business, it's a utility pushing ISO 20022 messages around a bus [3]. [1] https://stripe.com/resources/more/cross-border-payments-explained https://stripe.com/resources/more/cross-border-payments-expl... [2] https://www.bis.org/publ/othp62.htm https://www.bis.org/publ/othp62.htm [3] https://www.bis.org/cpmi/publ/d215.pdf https://www.bis.org/cpmi/publ/d215.pdf