global payment system

1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Jan 2, 2019 by Brian Armstrong · across every show →

Everything said about global payment system, oldest first

Jan 2, 2019 negative
Opinion
Armstrong: Global payment systems are non-innovative, expensive national oligopolies
“It's this patchwork quilt of different countries. They all have their own proprietary system for pay-ins and pay-outs, and they don't really have an incentive to innovate. It's like a little oligopoly in each country with high fees and slow movement of funds a…”
Brian Armstrong Jan 2, 2019 ▶ 30:00 a16z Podcast | Building Crypto, from Vision to Reality
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