You don't have a business unless you get paid. Some bits compete on price, and bits compete on performance.
Payments are way more complex just being about price. So what happens to these tech middlemen businesses? In short, they can grow quickly and have semi-long periods of great profit but market efficiency will eventually catch up with all of them and they will be forced to compete their profits away to keep growing.Ĭhamath is wrong and doesn't understand payments. This forces you to go wide to service the business that balloons expenses, killing margins in time. The big shock drop in Adyen's share price has many speculating that payments are a " race to the bottom."Ĭompete for big contracts (Adyen). The rollercoaster of a Small Bank as a Service Uniswap wins court judgment, ETH viewed as a commodity Scribe Up - A virtual card for subscriptionsĬraftgate - Payment Orchestration based in Turkeyįed warned Goldman's BaaS team about compliance oversight Peanuds - Personal and business finance simplified Passthrough - Investor onboarding platform 📣 Rant: Is Payments a race to the bottom? I did an episode of the Convera podcast where I talk selling into enterprise and financial institutions. I discussed this with journalists, industry folks, and the wider tech industry. Rumors of Adyen's demise are massively overstated. Oh, and in what Universe would you have put Crypto Bridge Chainlink and SWIFT together? ETH is a commodity, not a security, and Uniswap cannot be held liable for token scams. Visa made USDC available to acquirers WorldPay and Nuvei (I’ll cover that more next week). The regulations are unclear, but the tech couldn't be any clearer. BaaS compliance took another hit as the FT reported Goldman is in trouble with the Fed over Fintech partnerships. (👀 TTK)īaaS has standing regulations, but the issue here is visibility, which needs technology and the industry to work closer to solve.Ĭrypto has the opposite problem. If you're reading this and haven't signed up, join the 33,198 others by clicking below, and to the regular readers, thank you. 🙏
#Vertical metal scribe skin
Nevertheless I build it as a tool to begin with (and as an entry in the "Build a Tool" contest).Hey everyone 👋, thanks for coming back to Brainfood, where I take the week's biggest events and try to get under the skin of what's happening in Fintech. It was not my intention to fabricate a concealed weapon and I am not planning to use it as such, but if you would do so it would be entirely on your own responsability. Perhaps it could even break glass in an emergency, I'm not keen on trying that out. I think of an EDC (every day carry) where one could apply the pen as a sort of Kubotan in a self defence situation. The pointy steel edge could be used in other circumstances as well. One could not use mild steel for that since it does not contain enough carbon to be hardened - but that is another subject. With the same dimensions it should work fine but keep in mind that the point should be hard enough to actually be able to scribe in the metal. Perhaps one could use a metal rod in stead of a precision screwdriver. I did try out another generic brand which had the same kind of filling but the scriber didn't retract because the pen already had a faulty mechanism to begin with (testing before is handy sometimes). I used a pen of the Parker brand, simply because that was at hand and both the filling and the screwdriver had more or less the same dimensions. I can carry it with me without worrying of loosing it or more importantly: injuring myself or damaging my clothes. I therefore call it my "Portable Scriber" -)
You could also use a file to get the same result, it only takes longer and requires more "elbow grease".Īfter testing, the scriber works just like a "normal" scriber but this one can also be handled as an everyday ballpoint pen. I found both steps easy to do since I put the screwdriver in a cordless drill and sanded it with a bench grinder. Because it was a screwdriver to begin with, the metal should be hard enough that no extra hardening is required. Since scribers work best with pointy edges, you also need to sharpen it. Use the hacksaw to remove the top and sand it so that it fits the plastic. Mark it with a sharpy or use some tape in order not to grind off too much material. Lay both the screwdriver and the filling besides each other and mark where you need to cut the screwdriver's head off, keeping in mind it needs to fit in the hole of the plastic and at the same time needs to have the same dimensions as the original filling. Clean the screwdriver in order to be able to freely move up and down the pen (in my case I had to remove the rust with sandpaper).Įxamine the hole in the plastic and notice the dept and width of it.
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