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If the average transaction is $500 and they move $350MM a year, that's only $175,000 in revenue. I know they are still a young startup but that's certainly a l
by Stenerson 15y ago
If the average transaction is $500 and they move $350MM a year, that's only $175,000 in revenue. I know they are still a young startup but that's certainly a less sexy number than the headline tries to imply.
Am I missing something?
- Jyaif 15y agoMoney isn't everything, I think he's more interested in changing the world: those 2% banks take for every transaction is a relic from the past that still exist because of a lack of competition, and the greed of those who dared to compete. I am really impressed by this guy.
- omarchowdhury 15y agoThose 2.0% the bank take for every transaction is because they own the transaction network.
- nate_meurer 15y agoI think the more impressive stat is the growth in volume. Explosive it is.