Software companies in finance get about a 2~5 year head start and then: https://techcrunch.com/2017/06/12/zelle-the-real-time-venmo-competitor-backed-by-over-30-u-s-banks-arrives-this-month/ …
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Business plans which assume "Good thing the incumbents will never turn distribution, channel ownership, and bizdev facility on us" will fail
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I wonder whether Apple's solution will turn out to be more popular simply because it's built into iOS?
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isn't venmo owned by paypal (a large, established financial services company)?
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Paypal is a financial services company, but not a bank. It's a third-party transaction layer competing with Zelle, which is first-party.
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I read alot of tweets today. This one is up there, bummer-wise. (Not saying you're wrong, but you *should be*)
Thanks. Twitter will use this to make your timeline better. UndoUndo
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