We don't think there is any money to be made in payments…
“We don't think there is any money to be made in payments anymore. The entire business model of extracting a toll or having time delays around the movement of value is going away completely.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Traditional payment fees are disappearing as digital systems remove intermediaries and delays.
In simple terms: Payment fees are vanishing due to digital systems.
Key Takeaway
Adapt business models to new value‑transfer tech.
Themes
finance
technology
business models
disruption
innovation
Mood
cautious
forward‑looking
Type
analytical
strategic
When to use this quote
- banking
- e‑commerce
- cryptocurrency
- cross‑border payments
- regulatory compliance
Key Concepts
network effects
decentralization
platform economics
Questions to Reflect On
- How will firms replace lost fee income?
- What new services can add value?
A Different Perspective
Legacy revenue streams may persist in niche markets.