CRAFTED. Enough Putting Lipstick on the Pig: Why Moov Is Rebuilding Payment Infrastructure from the Ground Up. Featuring CEO Wade Arnold
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Oct 17, 2023 Wade Arnold, CEO of Moov, is rebuilding payment infrastructure from the ground up. They discuss the limitations of current payment systems, the need for new low-level primitives in payments, and the role of AI in payment infrastructure. They also talk about the company's plans after securing series B funding and the interconnectedness of software engineering and the business case.
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Respect the Craft
- Create an environment that empowers software engineers to do their best work.
- Provide tools and opportunities for continuous learning and development to attract and retain top talent.
The Power of Open Source Communities
- Wade Arnold's AMFPHP project, reverse-engineering Flash's Action Message Format, gained a large community.
- This experience highlighted the power of open source in connecting like-minded engineers.
Outdated Payment Infrastructure
- The US money movement system, built pre-internet, struggles with modern business demands like high-volume transactions.
- It relies on outdated technologies designed for brick-and-mortar, making it insufficient for today's internet-based businesses.