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Founder here :) Feel free to ask me any questions
Seems legit. Also, I hope that CC number on your top background image is flagged to never be handed out to a real customer ;)
Otherwise this looks promising. I hope to see something like this in the USA soon!
What I don't love is the lack of information they have on their website. They're in South Africa, does this mean the service is only available for South African residents and Rands? Or can we get international accounts for U.S. and Canadian dollars and more?
Anyone have any further info other than what the site presents? Do we have any founders or insiders reading that can enlighten us further?
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Don't bet on that.
I mean, I did and I got a lot of money from betting on that. I'm post exit on precisely that bet, and were I not so incredibly tired of fintech I'd bet again. Many national American banks are toxically opposed to actual modernization, for a variety of reasons. Their classical "enterprise" beliefs on security put all the banks I've talked to well behind the curve. But also, I want to avoid a scenario where the US is a…
That is true of many, but not of all. I work for a US bank of national scope that IS working hard to achieve actual modernization.
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China is cashless. Stores don't accept your cash much. And you have to show a government id to buy anything. And they track you. But it gets worse than that. If the government wants to punish you, they can just cut you off. Can't buy food, can't pay rent. Oh you think your friends can help you? China has that covered too, with its shiny new credit system. Being associated with - let alone helping - people cut off fro…
That's not accurate. I was just in Chengdu and Shenzhen last month and paid almost exclusively in cash everywhere I went. In fact for smaller vendors and street food, cash is the only option. Many vendors also accept WeChat payments (which seems to be the most common form of payment, at least for casual to mid-range transactions by people in my peer group), and UnionPay network credit cards are also widely accepted.…
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I mean, I did and I got a lot of money from betting on that. I'm post exit on precisely that bet, and were I not so incredibly tired of fintech I'd bet again. Many national American banks are toxically opposed to actual modernization, for a variety of reasons. Their classical "enterprise" beliefs on security put all the banks I've talked to well behind the curve. But also, I want to avoid a scenario where the US is a…
> Many national American banks are toxically opposed to actual modernization, for a variety of reasons. That is true of many, but not of all. I work for a US bank of national scope that IS working hard to achieve actual modernization.
Good luck.
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Mate it's called a sandbox and reviewed apps... We're not talking about hooking up some PHP script to your bank account... and I'm not even affiliated with them!
Mate the entire point here is that it's your own code , not reviewed by anyone else.
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Well, sure. But lots of people write code that involves doing things money for a living. (I do.) ...If someone wants to say, "well sure, but that's not my money", I hope they'll also name the services or apps they work for, so I can avoid those.
They generally have a team behind them, rather than an individual.
I love the concept of this... it took me a minute to figure out how I could get the most out of it, but the possibilities are endless... the fact that I can write my own rules that can manage my account semi-autonomously for me and know that my code is always watching my back even when I'm not - which is most of the time is awesome. I can have this account do everything I call the bank to get them to do and be told t…
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Assuming we're talking about bank card transactions, SMS confirmations for every purchase are not really possible. The issuing bank has a very short amount of time to respond to an authorization request message. By the time you've sent an SMS, unlocked your phone and replied, the merchant terminal or payment network operator would have timed out. All the rest are great ideas though! ;)
Decline the first one, send an SMS, user interaction, run the transaction again, now it goes through. This is pretty much exactly how I use my Revolut card at the moment.