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Yes someone can disrupt this, but only really banks and Apple can do this in the US. All you need is stakes to lose besides money, like credit scores or even li
by doctorpangloss 2y ago
Yes someone can disrupt this, but only really banks and Apple can do this in the US. All you need is stakes to lose besides money, like credit scores or even like Internet access, and robust, compulsory authentication.
- leros 2y agoYou can't easily disrupt it because it's a two-sided marketplace between consumers and payment providers. You could launch a Stripe competitor called CheapPayments but it would still have to pay standard Visa/etc processing fees so it can't be cheaper than Stripe. You could launch a Visa competitor called CheapCard that has half the processing fees of Visa, but no merchants or payment processors would take CheapCard so people would continue using Visa.