Craze or Catalyst, Retail Rebranding, and Apocalypse FedNow 6/29/23
The Exchange
00:00
The Conspiracy Theorist on the Future of Fintech
Visa is the most exposed because they have a product called Visa Direct. 40% of the cash apps rose profit roughly is instant deposit so people pay 175 basis points 1.75% to send money directly to their bank accounts versus waiting 2-3 days. That should be offered for free over time. I think fintech is going to thrive it's just going to change there's going to be a lot of innovation around Fed now right and you cannot avoid how it's going to end.
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