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NDA's An Audience With: Terence Kawaja of Luma Partners

New Digital Age

NOTE

Call for Industry Maturity and Consolidation

The industry is plagued by legitimate companies engaging in illicit activities, necessitating a thorough examination. The sector's refusal to mature and consolidate like other industries leads to high margins and excessive intermediaries. The suggestion is to rationalize and consolidate for fewer companies with higher volumes, lower take rates, and enhanced quality, following the typical evolution seen in other successful sectors.

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