Introducing Big Ideas 2023
FYI - For Your Innovation
00:00
The Number of Steps Between a Buyer and a Seller
The number of steps between a buyer and a seller these days is 9. And the fees associated with those nine steps are 2.6%. If we move to a closed loop, closed loop balance funded transaction, those nine steps will collapse to three. The savings will be 2.4%, which could be spread among buyers, sellers, and the digital wallets themselves.
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