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Startup Is Moving $350 Million .....Kill Credit Cards
Started:November 11th, 2011 (11:41 AM) by kbit Views / Replies:274 / 2
Last Reply:November 14th, 2011 (02:31 PM) Attachments:0

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Startup Is Moving $350 Million .....Kill Credit Cards

Old November 11th, 2011, 11:41 AM   #1 (permalink)
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Startup Is Moving $350 Million .....Kill Credit Cards


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Old November 11th, 2011, 02:07 PM   #2 (permalink)
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kbit View Post

Read about them today. Really interesting company, hope they go for outside US too. Its a miracle, from a capitalistic point of view, that Paypal doesn't have better competitors.

"We may not be able to control the wind, but we can always adjust our sails"
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Old November 14th, 2011, 02:31 PM   #3 (permalink)
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It would sure be great if someone could offer a cheaper alternative credit cards. The 2-3% or so they charge is a ridiculously high tax on the economy for performing what is essentially just an administrative function. It seems like in a free market there should be dozens of competing payment services, driving the price down. Let's hope this startup and others like him succeed.

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