"Visa became the world’s most valuable financial-services company. Visa's operating margins have swollen to a heart-stopping 65%. Of the world’s 100 biggest listed firms, last year only a state-run Chinese booze giant and Saudi Aramco had higher margins."https://www.economist.com/business/2020/03/21/how-visa-became-the-top-dog-in-global-finance …
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ahem ...
@lightning,@starkness they have a product called "lube" which lubricates the process of transferring money far better than Visa can or ever will.
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65% operating margin? They're raking it in like a drug cartel. Jesus.
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What do you think of Revolut? Not puncturing their monopoly yet, but it might be the way to start such a revolution
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Say no more
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It will continue? Instead of acquired Plaid?
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My 2 cents; It will be a startup that uses public databases or in fancy words blockchain technology. Blockchain as a whole is still in baby phase but not too early to invest if team is promising. Also, revenue model will have to be entirely rethought for such a product.
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Lol! Interswitch was supposed to be their African competitor. But guess what? Visa just bought 20% stake in Interswitch. Same they did to another major payment company. Visa is already buying into that future you're looking at. Where's Mastercard?
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If you were starting such a company, what would your approach be?
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I wonder when the smart people in SV will become maximalists. That or this is just tactical opsec due to an anticipated acceleration of hyperbitcoinization.
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I thought it’s called
#Bitcoin
but it seems you disagree... what if the alternative has no investible founder?Thanks. Twitter will use this to make your timeline better. UndoUndo
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