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a month ago

Best of Persona (NBA) - Chad Wittman

Stripe launches Treasury to let its customers offer checking accounts & other business-banking services. How big do you think this will be?

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I want to update my answer on this. I'm starting to become really bullish on what Stripe is trying to do. And the partner really clicked for me with this ability to loan businesses money based on where they're at financially and they effects effectively, have the audit trail immediately and then can process that against the entire industry and then look at the risk profile. And that's access to unique information that bankers and whatnot. While they can get access to it, they can't do it at an instantaneous level. So if I'm a business owner and I know I go to stripe and I can click a button and it all be done in the money's in my bank account, you know the same day on, maybe I take a little half a percent interest rate higher. Because of that convenience, I'm gonna take that all day and at scale. That's just an incredibly powerful big ecosystem, not to mention all the other things you could start doing micro lending and all sorts of different areas across the entire ecosystem. So the more I think about it, the more I kind of think stripe it has a shot at sort of being a global financial vehicle already is, but at a whole another level. So just really bullish, actually now on the company and we'll see how it plays out.

🤝 Were you invited by Chad?

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C
a month ago

Best of Persona (NBA) - Chad Wittman

Stripe launches Treasury to let its customers offer checking accounts & other business-banking services. How big do you think this will be?

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