Why payment rails quietly favour incumbents
Switch fees look trivial per transaction. Model them against a startup's take rate and they decide who survives year one.
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Switch fees look trivial per transaction. Model them against a startup's take rate and they decide who survives year one.
A raise announced in dollars, spent in a currency that moved 30% against it. What the headline number actually bought.
Where your data sits determines what you can sell, to whom, and at what margin — long before it's an engineering concern.
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