The Anatomy of the Swipe - Ahmed Siddiqui & Wharton Fintech

[@escargot8854]

starts at 6:33

[@tomknud]

That annoys you too?

[@stumadre]

Super helpful

[@indys5920]

Great explanation! However, what you call revolutionary innovations hardly are. With so many intermediaries in the payment chain, the customer continues to get fleeced with high transaction fees, which go to the rent collectors in the chain. Example of a true revolution is the Chai payment platform built in Korea which is built on the block chain, gets rid of all the intermediaries and reduces the fees to a net 1% and settlement times to 6 seconds, not days.

[@SamStudious]

Can’t believe im saying this but i love this ha!