Visa is a tollbooth on commerce. But rather than connecting two cities, it connects two banks. And rather than cars, Visa transports data.
Thanks for this, very ueful.
How does the development of Account-to-Account transactions affect the networks? Do banks still need to be "connected" via a Network? Does PSD2 make this easier for them?
Insightful and thorough breakdown, Ryan! Incredible to consider that companies like Stripe, Brex, Divvy, and Galileo Financial Technologies all rely on MasterCard or Visa. I'd love to hear your thoughts on PayPal!
Hey Ryan, super insightful read. Could you describe how Apple Pay fits into the picture (both NFC and mobile purchases) and the fees they get?
Hey Ryan, amazing report on Visa. This is the first one i read. Could you explain why scalability increases in the bitcoin network will compromise its security? Thank you.
"Sure, the scalability will improve but that compromises one of the main benefits of Bitcoin, which is security."
Hey Ryan. Great report on Visa. I guess there’s two main questions about V/MA: 1.with such high market share where does the next leg of growth come from? 2)because of how reliable their biz is the valuations are sky high so what should someone reasonably be willing to pay for the growth they will experience and 3)the concept of a wallet and credit cards seems so archaic these days with we chat and Alipay would they get disrupted if the need for cards went straight down or do margins go up without the cost of printing millions of cards in a switch to RF codes or facial recognition? Perhaps even the new way to buy stuff still requires visas network but clearly Baba has already bypassed the necessary use of a physical card