The Ledger

Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.

clear all ✕

why aren't all 4 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable

Prediction Not checkable as stated
Käärmann: Future payment processing fees will drop far below 49 bps
“You can't really imagine the future of payments costing even 49 basis points. It doesn't, just doesn't make sense. You know exactly how, if you know how payments, card payments work, you know, electrons go from the terminal or one web browser through the gatew…”
Kristo Käärmann Jan 2, 2019 ▶ 16:23 a16z Podcast | The Future of Money and Monetization
Disclosure
TransferWise spent nine months securing UK regulatory licenses before launching product
“People have told me that I was stupid because I chose the other way. I spent about nine months before showing the product to anyone, going through the FCA, then FSA regulation process and licensing. So we took the way, unlike Uber or Airbnb, to be a fully lice…”
Kristo Käärmann Jan 2, 2019 ▶ 2:01 a16z Podcast | The Future of Money and Monetization
Insight
Käärmann: Customer acquisition for TransferWise is about educating users on hidden fees
“So for us, the customer acquisition problem is really explaining the problem.”
Kristo Käärmann Jan 2, 2019 ▶ 4:36 a16z Podcast | The Future of Money and Monetization
Disclosure
Käärmann: TransferWise pays millions annually across 52 banking partners
“In every country where we are, we have banking partners and infrastructure, so it's about 52 bankers that we, ah, that we pay fees to, and you know, in total, that's multiple millions a year.”
Kristo Käärmann Jan 2, 2019 ▶ 8:46 a16z Podcast | The Future of Money and Monetization
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