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Consider this logic, everyone: 1️⃣ PayPal handled 22 billion payments in 2022 2️⃣ Sonic handles 10,000 ERC-20 transfers per second (each similar to a PayPal payment) 3️⃣ Hence, #Fantom can easily run 14 PayPal-sized companies The future is in sight, and it's undeniably fast 👇

Sonic

811,271 subscribers

46,237 次观看 • 2 年前 •via X (Twitter)

Anya Rossi• Live Now

Private livecam show

10 条评论

$Fans铭文社区｜Fantom 的头像

$Fans铭文社区｜Fantom2 年前

Fantom's technology is very suitable for the development of FRC20 inscription ecology.

ᗩᒪTIᗰᗩTE💥ᗯᗩᖇᖇIOᖇ 的头像

ᗩᒪTIᗰᗩTE💥ᗯᗩᖇᖇIOᖇ2 年前

@PayPal @elonmusk @BlackRock y’all really need to check this out!! It’s POSSIBLE WITH #FANTOM

Jack The Oiler 💥 的头像

Jack The Oiler 💥2 年前

now put treeb on there. oops, we just killed visa

iamcharles.ftm | 👻🥷🌹 ττ x x | 的头像

iamcharles.ftm | 👻🥷🌹 ττ x x |2 年前

good comparison

GoGo Foundation 的头像

GoGo Foundation2 年前

Vitalik keep playing while $FTM getting to the top.

notGrippy 的头像

notGrippy2 年前

ftm should look to become the default payment rail that people choose over visa

币的头像

币2 年前

🏅Evm公链铭文中Fantom链 $Fans 将成为首个被 @FRC20io 交易平台以平台币作为应用赋能的项目 📣官方已转发来自于@MessariCrypto 权威机构出具的Fantom报告里大篇幅讲述FRC-20和Fans。报告地址：关于FRC20和Fans基础介绍地址：

0xGasless | Account Abstraction (EIP-4337) 的头像

0xGasless | Account Abstraction (EIP-4337)2 年前

Impressive 👏

Hamed |.S 的头像

Hamed |.S2 年前

$wigo $ftm

Crypto Multi Millionaire 的头像

Crypto Multi Millionaire2 年前

I like this comparison $FTM

相关视频

We reported our third quarter results this morning. PayPal delivered another strong quarter with broad-based profitable growth across branded experiences, Venmo, and PSP. We also announced a new partnership with OpenAI to expand payments and commerce in ChatGPT. PayPal is a fundamentally stronger company today than we were two years ago. We returned the company to growth and are on pace for 6 to 7 percent transaction margin dollar growth, excluding interest on customer balances, in 2025. Here are some highlights 👇 🔵U.S. branded experiences (online and offline) volume accelerated to 10%, more than double our growth a year ago 🔵Venmo revenue was up more than 20% and TPV grew 14% 🔵Added 2 million first-time PayPal and Venmo debit card users in the U.S. 🔵Buy Now, Pay Later volume grew more than 20% 🔵Payment Service Provider (PSP) volume returned to healthy, profitable growth at 6% 🔵 We are also building for an agentic future, partnering with leaders such as Google, OpenAI, and Perplexity Given this strong momentum, we are raising our full year 2025 guidance for transaction margin dollars and earnings per share. We're also excited to announce that we are initiating a dividend, which demonstrates our ability to invest in growth and return capital to shareholders. Thank you to the hundreds of millions of merchants and consumers who trust PayPal every day, to our developers and partners, and to the PayPal team for your hard work and dedication. We are exceptionally well-positioned to win into the future. 💪

We reported our third quarter results this morning. PayPal delivered another strong quarter with broad-based profitable growth across branded experiences, Venmo, and PSP. We also announced a new partnership with OpenAI to expand payments and commerce in ChatGPT. PayPal is a fundamentally stronger company today than we were two years ago. We returned the company to growth and are on pace for 6 to 7 percent transaction margin dollar growth, excluding interest on customer balances, in 2025. Here are some highlights 👇 🔵U.S. branded experiences (online and offline) volume accelerated to 10%, more than double our growth a year ago 🔵Venmo revenue was up more than 20% and TPV grew 14% 🔵Added 2 million first-time PayPal and Venmo debit card users in the U.S. 🔵Buy Now, Pay Later volume grew more than 20% 🔵Payment Service Provider (PSP) volume returned to healthy, profitable growth at 6% 🔵 We are also building for an agentic future, partnering with leaders such as Google, OpenAI, and Perplexity Given this strong momentum, we are raising our full year 2025 guidance for transaction margin dollars and earnings per share. We're also excited to announce that we are initiating a dividend, which demonstrates our ability to invest in growth and return capital to shareholders. Thank you to the hundreds of millions of merchants and consumers who trust PayPal every day, to our developers and partners, and to the PayPal team for your hard work and dedication. We are exceptionally well-positioned to win into the future. 💪

Alex Chriss

66,718 次观看 • 11 个月前

An AI agent can now register its on-chain identity, pay for API calls, and deploy an ERC-20 token from the terminal. No browser. No API key. No human approval loop. Today we launch the Brickken CLI: a command-line interface for agentic transaction workflows. The developer journey is direct: CLI → x402 → ERC-8004 → Token Deploy What this means in practice: • A developer or the AI agent installs the CLI. • The agent pays for Brickken API calls through x402. • The agent registers its identity through ERC-8004. • The agent deploys and manages an ERC-20 token. Together, the stack gives agents three things they usually lack: a way to pay, a way to prove who they are, and a way to execute token operations without leaving the terminal. • x402 handles payment. • ERC-8004 handles agent identity. • Token Deploy handles ERC-20 execution. This is live today. Developers can now move from agent setup to payment, identity registration, and token deployment in one terminal workflow. Start here: Watch the demo. Run the commands. Deploy from the terminal.

An AI agent can now register its on-chain identity, pay for API calls, and deploy an ERC-20 token from the terminal. No browser. No API key. No human approval loop. Today we launch the Brickken CLI: a command-line interface for agentic transaction workflows. The developer journey is direct: CLI → x402 → ERC-8004 → Token Deploy What this means in practice: • A developer or the AI agent installs the CLI. • The agent pays for Brickken API calls through x402. • The agent registers its identity through ERC-8004. • The agent deploys and manages an ERC-20 token. Together, the stack gives agents three things they usually lack: a way to pay, a way to prove who they are, and a way to execute token operations without leaving the terminal. • x402 handles payment. • ERC-8004 handles agent identity. • Token Deploy handles ERC-20 execution. This is live today. Developers can now move from agent setup to payment, identity registration, and token deployment in one terminal workflow. Start here: Watch the demo. Run the commands. Deploy from the terminal.

Brickken

119,221 次观看 • 2 个月前

David Sacks on what made the PayPal Mafia so successful The employees of PayPal went on to build many of the companies that defined Silicon Valley in the 2000s, such as Tesla, SpaceX, LinkedIn, YouTube, Palantir, Yelp, Yammer, and more. David Sacks—founding COO and product leader at PayPal—reflects on some of the factors that he believed contributed to their success: “I think one of the key things was that PayPal innovated not just on product, but on distribution as well.” He gives three examples of distribution strategies the PayPal Mafia brought with them to their next companies: 1. Virality. PayPal paid users $20 to refer their friends, which led to explosive growth. Virality was a huge factor in LinkedIn’s success. 2. Building on an existing network/platform. PayPal leveraged eBay’s power seller network, while LinkedIn leveraged their users’ network of email contacts. You want to “go where the users already are,” Sacks argues. 3. Embeds. PayPal let customers embed the logo on their websites and eBay auctions. YouTube employed this same strategy by making their videos easy to embed on Myspace and other websites. Sacks continues: “All of these techniques today are commonplace, but in the early 2000s, we were one of the first companies to do them… We were innovating not just on product but on distribution as well, and that is something that all of the PayPal Mafia companies have done.” He contrasts the ~220 employees pre-IPO PayPal employees producing 7+ unicorns versus only a handful from Google even though Google had 100x the number of employees. “It’s a really interesting question: Why?… I think this sort of scrappiness around distribution is a big part of the explanation… If you’re an entrepreneur working in a small team, you’ve got to figure out from zero: How do I get my first user? How do I get the second user? How does that go to one hundred, one thousand, one million?… [Google] never has to think about that. They’ve got guaranteed distribution of half a billion users. And so, I think that scrappiness around distribution is one of the key reasons that there’s been so many PayPal mafia companies. I think it’s an interesting thing to think about as you create your own startups.” Video source: Draper University (2014)

Startup Archive

61,169 次观看 • 1 年前

🚨 IT'S OFFICIAL: In a huge win, AAG Harmeet Dhillon has just FORCED PayPal into abolishing its DEI program and waiving fees for eligible American small businesses They were PRIORITIZING "minority businesses" Which is code for discriminating against white people. America First victory 🇺🇸 "DOJ Civil Rights is proud to announce a settlement with PayPal over its discriminatory 2020 program called its Economic Opportunity Fund, in which PayPal made $530 MILLION worth of capital available as loans on a preferential basis, only to minority owned businesses." "This of course discriminated against many other types of American businesses who are all entitled to the protection of the Equal Credit Protection Act, which we administer here at the Civil Rights Division." "As part of this settlement, PayPal has agreed to create a new small business initiative, and in that it's going to waive processing fees up to $30 million worth for $1 billion of transactions for businesses that are either veteran owned or that are certified by the farming, manufacturing, or technology." "I'm excited about this because a lot of American lenders continue to have these programs that may appear to be well meaning, but in the case of PayPal and many others, there's no finding a prior discrimination that would justify current discrimination against American small businesses or consumers." "And so the takeaway from this is that businesses in the United States that are engaged in lending cannot discriminate on the base of race, s*x, or other protected characteristics under our federal civil rights laws." "So small businesses out there that may qualify for this PayPal program, they should apply an American consumers that are aware of discriminatory lending practices like this by other American companies, banks, what have you, they should let us know because we'd like to do something about it."

🚨 IT'S OFFICIAL: In a huge win, AAG Harmeet Dhillon has just FORCED PayPal into abolishing its DEI program and waiving fees for eligible American small businesses They were PRIORITIZING "minority businesses" Which is code for discriminating against white people. America First victory 🇺🇸 "DOJ Civil Rights is proud to announce a settlement with PayPal over its discriminatory 2020 program called its Economic Opportunity Fund, in which PayPal made $530 MILLION worth of capital available as loans on a preferential basis, only to minority owned businesses." "This of course discriminated against many other types of American businesses who are all entitled to the protection of the Equal Credit Protection Act, which we administer here at the Civil Rights Division." "As part of this settlement, PayPal has agreed to create a new small business initiative, and in that it's going to waive processing fees up to $30 million worth for $1 billion of transactions for businesses that are either veteran owned or that are certified by the farming, manufacturing, or technology." "I'm excited about this because a lot of American lenders continue to have these programs that may appear to be well meaning, but in the case of PayPal and many others, there's no finding a prior discrimination that would justify current discrimination against American small businesses or consumers." "And so the takeaway from this is that businesses in the United States that are engaged in lending cannot discriminate on the base of race, s*x, or other protected characteristics under our federal civil rights laws." "So small businesses out there that may qualify for this PayPal program, they should apply an American consumers that are aware of discriminatory lending practices like this by other American companies, banks, what have you, they should let us know because we'd like to do something about it."

Eric Daugherty

49,059 次观看 • 4 个月前

In the USA the credit card duopoly of Visa and Mastercard controls most of the payment market share. The fees they tack on to transactions cost $137 billion per year which impacts prices for everyone. Mastercard and Visa are paying the competition NOT to compete with them. They are being sued by the DoJ for paying Paypal, Apple and Square NOT to compete. The average family pays $900 each in those higher prices at stores. The Credit Card Competition Act, sponsored by Republicans Roger Marshall, JD Vance and Josh Hawley is designed to create more competition and stop MC and Visa from overcharging for swipe fees.

In the USA the credit card duopoly of Visa and Mastercard controls most of the payment market share. The fees they tack on to transactions cost $137 billion per year which impacts prices for everyone. Mastercard and Visa are paying the competition NOT to compete with them. They are being sued by the DoJ for paying Paypal, Apple and Square NOT to compete. The average family pays $900 each in those higher prices at stores. The Credit Card Competition Act, sponsored by Republicans Roger Marshall, JD Vance and Josh Hawley is designed to create more competition and stop MC and Visa from overcharging for swipe fees.

Wall Street Mav

257,460 次观看 • 1 年前

I often hear firsthand from business owners like Maddie and Paul Voge, founders of Aura Bora, about how essential our services are to their success. It is a powerful reminder of why we do what we do. Cyber 5—from Thanksgiving through Cyber Monday—is the busiest and most important time of the year for hundreds of millions of PayPal customers. Our global team worked around the clock to help consumers take advantage of great deals and ensure our merchants had what they needed to win every sale—and we delivered. Here are some highlights from Cyber 5: 🔵 PayPal was the #1 most popular payment app on iPhone on Black Friday, Small Business Saturday, and Cyber Monday in the U.S. and Germany 🔵 Cyber Monday was our biggest day of the year so far, with approximately $7B in payments processed – $81K+ per second! 🔵 Over 70M transactions at SMBs powered by PayPal 🔵 More than 1.2M SMBs had their best sales day of 2024 🔵 100K+ SMBs made their first sale with PayPal 🔵 Powered double-digit growth in buy now, pay later transactions, compared to Cyber 5 last year 🔵 Increased Pay with Venmo transactions by double digits, compared to Cyber 5 last year At times like these, I’m reminded of the critical role PayPal plays in global commerce and grateful for our team’s dedication to serving our customers! 🚀

I often hear firsthand from business owners like Maddie and Paul Voge, founders of Aura Bora, about how essential our services are to their success. It is a powerful reminder of why we do what we do. Cyber 5—from Thanksgiving through Cyber Monday—is the busiest and most important time of the year for hundreds of millions of PayPal customers. Our global team worked around the clock to help consumers take advantage of great deals and ensure our merchants had what they needed to win every sale—and we delivered. Here are some highlights from Cyber 5: 🔵 PayPal was the #1 most popular payment app on iPhone on Black Friday, Small Business Saturday, and Cyber Monday in the U.S. and Germany 🔵 Cyber Monday was our biggest day of the year so far, with approximately $7B in payments processed – $81K+ per second! 🔵 Over 70M transactions at SMBs powered by PayPal 🔵 More than 1.2M SMBs had their best sales day of 2024 🔵 100K+ SMBs made their first sale with PayPal 🔵 Powered double-digit growth in buy now, pay later transactions, compared to Cyber 5 last year 🔵 Increased Pay with Venmo transactions by double digits, compared to Cyber 5 last year At times like these, I’m reminded of the critical role PayPal plays in global commerce and grateful for our team’s dedication to serving our customers! 🚀

Alex Chriss

70,984 次观看 • 1 年前

PayPal peaked near $322B. It trades around $30-40B now. David Sacks David Sacks walked the fall: a 25-year-old product still growing about 7% a year, cut to a tenth of its peak value. That is not a broken business. That is a cheap one - and cheap plus a strategic acquirer is how you get an M&A event. Chamath Chamath Palihapitiya expects the ~$60-per-share bid to clear **10-to-15% above** the offer, and hinted at a rival bidder with PayPal roots and trillions to spend. That is the arb: the announced price is a floor, not the exit. Friedberg david friedberg framed it as the second instance of a pattern - AI-native operators buying stale, founder-departed businesses and reviving them. The first instance is the cross-podcast anchor. Ryan Cohen Ryan Cohen laid out a $56B plan to take over eBay ($EBAY), the same playbook: a dormant marketplace, a founder long gone, an operator who thinks software and distribution can restart growth. PayPal is that trade with a payments network attached. Implication for $PYPL holders: this is event-driven arb, not a re-rating on fundamentals. The upside is the bidding dynamic - floor bid plus a hinted second buyer - not a bet that PayPal suddenly grows faster. The risk is a deal break on antitrust or financing, which drops it back to a 7%-grower multiple. Size it as a merger-arb position, not a conviction long. Watch for a competing bid to surface. Chamath's "trillions to spend" hint is the catalyst that would reprice this fast.

PayPal peaked near $322B. It trades around $30-40B now. David Sacks David Sacks walked the fall: a 25-year-old product still growing about 7% a year, cut to a tenth of its peak value. That is not a broken business. That is a cheap one - and cheap plus a strategic acquirer is how you get an M&A event. Chamath Chamath Palihapitiya expects the ~$60-per-share bid to clear 10-to-15% above the offer, and hinted at a rival bidder with PayPal roots and trillions to spend. That is the arb: the announced price is a floor, not the exit. Friedberg david friedberg framed it as the second instance of a pattern - AI-native operators buying stale, founder-departed businesses and reviving them. The first instance is the cross-podcast anchor. Ryan Cohen Ryan Cohen laid out a $56B plan to take over eBay ($EBAY), the same playbook: a dormant marketplace, a founder long gone, an operator who thinks software and distribution can restart growth. PayPal is that trade with a payments network attached. Implication for $PYPL holders: this is event-driven arb, not a re-rating on fundamentals. The upside is the bidding dynamic - floor bid plus a hinted second buyer - not a bet that PayPal suddenly grows faster. The risk is a deal break on antitrust or financing, which drops it back to a 7%-grower multiple. Size it as a merger-arb position, not a conviction long. Watch for a competing bid to surface. Chamath's "trillions to spend" hint is the catalyst that would reprice this fast.

Podcast Alpha

128,579 次观看 • 2 个月前

This is going to blow your mind 🚨 Elon Musk tells Joe Rogan during his interview, the government payment system called ‘PAM’ processes $5 trillion dollars a year, that’s a BILLION DOLLARS AN HOUR It’s setup in a way to process “Basically UNTRACEABLE BLANK CHECKS — This is the kind of thing that if it was done as a public company, the company would be immediately delisted and the executive team would be thrown in prison.” - Just with a basic search of the Social Security database there were 20 million dead people marked as alive — Some of them were getting money - Elon Musk “was trying to get an answer right before the show” but was unable to exact figures - Elon Musk says “Most of the fraud is not coming from social security payments directly, but because they're marked as alive in the social security database, they can then get disability unemployment, sort of fake medical payments and other things because they're marked as alive in the social security database (BUT THE’RE DEAD) - The systems between Social Security, payments systems, government databases, medical payments, these systems don’t communicate between each other, “They don't talk to each other, they talk to each other very poorly in a very limited way. So the way that the system gets exploited is by taking advantage of the the poor communication between the various databases in the government” Here’s where it gets REALLY crazy There is a government payment that’s processed $5 TRILLION DOLLARS a year, that’s A BILLION DOLLARS AN HOUR “To give you an example of like what's happening in say Treasury, which is improving rapidly the main payments computer's called PAM, Payment Accounts Database or something like that. But everyone calls a PAM that's responsible for almost $5 trillion of payments a year, roughly a billion dollars an hour. When we came there, we're looking at this payment. The payments have no, you could put a payment through with no payment categorization code and no description on the payment, like basically untraceable blank checks.” “This is the kind of thing that if it was done as a public company, the company would be immediately delisted and the executive team would be thrown in prison.”

This is going to blow your mind 🚨 Elon Musk tells Joe Rogan during his interview, the government payment system called ‘PAM’ processes $5 trillion dollars a year, that’s a BILLION DOLLARS AN HOUR It’s setup in a way to process “Basically UNTRACEABLE BLANK CHECKS — This is the kind of thing that if it was done as a public company, the company would be immediately delisted and the executive team would be thrown in prison.” - Just with a basic search of the Social Security database there were 20 million dead people marked as alive — Some of them were getting money - Elon Musk “was trying to get an answer right before the show” but was unable to exact figures - Elon Musk says “Most of the fraud is not coming from social security payments directly, but because they're marked as alive in the social security database, they can then get disability unemployment, sort of fake medical payments and other things because they're marked as alive in the social security database (BUT THE’RE DEAD) - The systems between Social Security, payments systems, government databases, medical payments, these systems don’t communicate between each other, “They don't talk to each other, they talk to each other very poorly in a very limited way. So the way that the system gets exploited is by taking advantage of the the poor communication between the various databases in the government” Here’s where it gets REALLY crazy There is a government payment that’s processed $5 TRILLION DOLLARS a year, that’s A BILLION DOLLARS AN HOUR “To give you an example of like what's happening in say Treasury, which is improving rapidly the main payments computer's called PAM, Payment Accounts Database or something like that. But everyone calls a PAM that's responsible for almost $5 trillion of payments a year, roughly a billion dollars an hour. When we came there, we're looking at this payment. The payments have no, you could put a payment through with no payment categorization code and no description on the payment, like basically untraceable blank checks.” “This is the kind of thing that if it was done as a public company, the company would be immediately delisted and the executive team would be thrown in prison.”

Wall Street Apes

965,953 次观看 • 1 年前

💵Releasing our interview with Stable. I’m pleased to share my interview session with Stable’s CEO, Brian Mehler. 1️⃣ About products and clients We discussed Stable’s business model, revenue structure, and its relationship with industry leaders such as Bo Hines, PayPal, and Tether. The most impressive part was Stable Pay, which will be launched alongside the mainnet. It will be a true game changer for Web3 payments. There are no gas fees, and you can send payments simply by entering just a name. Web3 payments are no longer difficult or inconvenient. Discover how Stable’s Guaranteed blockspace enable innovation and Predictability can drive the expansion of the stablecoin industry in this video. 2️⃣ About mainnet and product launch He said mainnet of Stable is almost close. He mentioned that the countdown to D-Day is now measured in weeks, not months, and that partnerships and products prepared alongside the mainnet launch will soon be unveiled. Fore more details, lets enjoy this video 🫡

💵Releasing our interview with Stable. I’m pleased to share my interview session with Stable’s CEO, Brian Mehler. 1️⃣ About products and clients We discussed Stable’s business model, revenue structure, and its relationship with industry leaders such as Bo Hines, PayPal, and Tether. The most impressive part was Stable Pay, which will be launched alongside the mainnet. It will be a true game changer for Web3 payments. There are no gas fees, and you can send payments simply by entering just a name. Web3 payments are no longer difficult or inconvenient. Discover how Stable’s Guaranteed blockspace enable innovation and Predictability can drive the expansion of the stablecoin industry in this video. 2️⃣ About mainnet and product launch He said mainnet of Stable is almost close. He mentioned that the countdown to D-Day is now measured in weeks, not months, and that partnerships and products prepared alongside the mainnet launch will soon be unveiled. Fore more details, lets enjoy this video 🫡

Wecryptotogether (Theo/acc)

69,424 次观看 • 11 个月前

#WATCH | Gurugram: Andrey Mikhaylishin, CEO of BRICS Pay, says, "A lot of countries today want to use their own payment infrastructure. For example, Russia has Mir and a Fast Payment System. India has RuPay and UPI. Furthermore, the European Union is building its own payment infrastructure, called the European Payments Initiative. The UK also wants to create and build its own infrastructure. But these systems do not work with each other. BRICS Pay is a payment ecosystem that can connect national payment infrastructures and give people the ability to use them when they are travelling in countries, not only within BRICS but around the world. It's helpful for tourists who come to the country and gives them the service of using their own domestic means of payment. On the other hand, we can talk about companies and banks that need to make settlements with each other. We do that too for B2B settlements. It's a new kind of architecture, a fully decentralised architecture for settlements between countries...We don't speak about de-dollarisation. We give more flexibility and more types of payment options for our citizens, companies, and banks. If they want to use the dollar, they can use the dollar too..."

#WATCH | Gurugram: Andrey Mikhaylishin, CEO of BRICS Pay, says, "A lot of countries today want to use their own payment infrastructure. For example, Russia has Mir and a Fast Payment System. India has RuPay and UPI. Furthermore, the European Union is building its own payment infrastructure, called the European Payments Initiative. The UK also wants to create and build its own infrastructure. But these systems do not work with each other. BRICS Pay is a payment ecosystem that can connect national payment infrastructures and give people the ability to use them when they are travelling in countries, not only within BRICS but around the world. It's helpful for tourists who come to the country and gives them the service of using their own domestic means of payment. On the other hand, we can talk about companies and banks that need to make settlements with each other. We do that too for B2B settlements. It's a new kind of architecture, a fully decentralised architecture for settlements between countries...We don't speak about de-dollarisation. We give more flexibility and more types of payment options for our citizens, companies, and banks. If they want to use the dollar, they can use the dollar too..."

ANI

29,055 次观看 • 13 天前

Affirm co-founders, CEO Max Levchin and a16z's Alex Rampell, on 25 years inside payments, from PayPal to agentic commerce: Payments is the biggest market on earth. No niche in it is smaller than $100 billion, and the industry has barely moved in 60 years. Visa and Mastercard keep card transaction windows too tight to build anything new inside. Max still calls the plastic card the best payment interface ever built. Affirm began in a 2011 email thread in which Max and Alex agreed that the nearest version of the idea was a bad business. Then a cosmetics brand using Affirm moved the offer from its checkout page to its product pages, and conversion jumped 30%. In this conversation with Erik Torenberg, they get into why Affirm walked away from the highest margins in payments, what a negative customer acquisition cost is actually worth, and why Max is bearish on agentic shopping but bullish on agentic payments. 00:00 Intro 01:00 The fraud rule that built Apple Pay 03:35 Visa's problematic transaction windows 05:30 No niches under $100 billion 07:10 The email that said Affirm was a bad idea 10:00 The wand that should've killed the card 12:36 Booed off stage for presenting PayPal 15:02 Why crypto still can't buy a cup of coffee 17:16 How Max and Alex met 20:11 The 500-Facebook-friends idea 26:48 The all-nighter PHP demo 30:58 Every startup gets 40 years in the desert 32:46 Moving one line lifted conversion 30% 35:02 Why Affirm walked away from the highest margins in payments 39:03 One article created an entire industry 40:37 The asterisk next to 0% 42:17 What BNPL misses about Affirm 44:03 Why merchants give Affirm customers 47:00 Why a 3-year loan is harder, and better, than a 6-week one 48:19 Why PayPal produced so many founders 52:43 Bullish on agentic payments, bearish on agentic shopping 57:51 Grocery shopping is already 100% agentic YouTube: Max Levchin Affirm Alex Rampell Erik Torenberg

a16z

246,502 次观看 • 22 天前

Elon Musk on how PayPal got its first 100,000 customers in one month “I didn’t expect PayPal’s growth rate to be what it was, and that actually created major problems,” Elon explains. “We started PayPal on University Avenue [in Palo Alto], and after the first month or so of the website being active, we had 100,000 customers.” As Elon explains, the key to PayPal’s viral growth was it referral program: “We started off first by offering people $20 if they opened account and $20 if they referred anyone. Then we dropped it to $10, and then we dropped it to $5. As the network got bigger and bigger, the value of the network itself exceeded any sort of carrot that we could offer.” He continues: “And then we just did a bunch of things to decrease the friction. It’s like bacteria in a petri dish. What you want to do is try to have one customer generate two customers, or three customers ideally. And then you want that to happen really fast.” Elon estimates that PayPal spent $60-70 million to fuel this growth, before the company was acquired by eBay for $1.5 billion. Source: Khan Academy (Apr 2013)

Elon Musk on how PayPal got its first 100,000 customers in one month “I didn’t expect PayPal’s growth rate to be what it was, and that actually created major problems,” Elon explains. “We started PayPal on University Avenue [in Palo Alto], and after the first month or so of the website being active, we had 100,000 customers.” As Elon explains, the key to PayPal’s viral growth was it referral program: “We started off first by offering people $20 if they opened account and $20 if they referred anyone. Then we dropped it to $10, and then we dropped it to $5. As the network got bigger and bigger, the value of the network itself exceeded any sort of carrot that we could offer.” He continues: “And then we just did a bunch of things to decrease the friction. It’s like bacteria in a petri dish. What you want to do is try to have one customer generate two customers, or three customers ideally. And then you want that to happen really fast.” Elon estimates that PayPal spent $60-70 million to fuel this growth, before the company was acquired by eBay for $1.5 billion. Source: Khan Academy (Apr 2013)

Startup Archive

44,922 次观看 • 2 个月前

$When the value of your payment approaches zero, traditional overhead does not. With credit cards, you have fixed fees. With onchain payments, you have gas. When your payment is worth less than the fee to send it, the economics don't add up. You would be spending dollars to collect fractions of a penny. That is what Nanopayments, powered by Circle Gateway and x402 addresses. It enables gas-free, high-frequency programmable payments down to $0.000001 This is particularly important for use cases where transactions happen at high frequency and in very small amounts, such as: Agentic Payments: AI agents transacting autonomously at high frequency. Usage-Based Billing: Charging exactly per API call, per second of compute, or per dataset access. Machine-to-Machine: Services or devices paying each other directly for resources in real-time. Here is how the end-to-end nanopayment lifecycle looks like: 1️⃣ Deposit: The buyer funds their Gateway balance via a one-time onchain transaction. 2️⃣ Request and Negotiate: The buyer requests a resource; the seller responds with 402 Payment Required via the x402 protocol. 3️⃣ Sign Authorization: The buyer signs an EIP-3009 message authorizing the transfer. This signature is created offchain and costs zero gas. 4️⃣ Settle and Serve: Gateway verifies the signature and credits the seller’s pending balance. The resource is served immediately. 5️⃣ Batch Settlement: Gateway periodically collects authorizations and settles them in a single onchain transaction. That is how Gateway and x402 make nanopayments viable. To follow along, check out the Quickstarts in the Circle documentation and share your build with us! Circle Developer$

When the value of your payment approaches zero, traditional overhead does not. With credit cards, you have fixed fees. With onchain payments, you have gas. When your payment is worth less than the fee to send it, the economics don't add up. You would be spending dollars to collect fractions of a penny. That is what Nanopayments, powered by Circle Gateway and x402 addresses. It enables gas-free, high-frequency programmable payments down to $0.000001 This is particularly important for use cases where transactions happen at high frequency and in very small amounts, such as: Agentic Payments: AI agents transacting autonomously at high frequency. Usage-Based Billing: Charging exactly per API call, per second of compute, or per dataset access. Machine-to-Machine: Services or devices paying each other directly for resources in real-time. Here is how the end-to-end nanopayment lifecycle looks like: 1️⃣ Deposit: The buyer funds their Gateway balance via a one-time onchain transaction. 2️⃣ Request and Negotiate: The buyer requests a resource; the seller responds with 402 Payment Required via the x402 protocol. 3️⃣ Sign Authorization: The buyer signs an EIP-3009 message authorizing the transfer. This signature is created offchain and costs zero gas. 4️⃣ Settle and Serve: Gateway verifies the signature and credits the seller’s pending balance. The resource is served immediately. 5️⃣ Batch Settlement: Gateway periodically collects authorizations and settles them in a single onchain transaction. That is how Gateway and x402 make nanopayments viable. To follow along, check out the Quickstarts in the Circle documentation and share your build with us! Circle Developer

Elton Tay

10,358 次观看 • 6 个月前

This guy plugged a DGX Spark (the $3K Nvidia box) and a Mac Mini M4 together to run AI and what happened next surprised everyone > the Nvidia box handles the hard part - processing your prompt in milliseconds > Mac Mini M4 handles the fast part - generating the response at memory bandwidth speeds nothing else can match > together they hit 84 tokens per second on Llama - 6x faster than the Spark alone > running compute agents locally on this setup means your data never leaves your hardware > two boxes. two different architectures. one AI system that Deepseek runs at data center scale he ran it on his desk save this. the way we build local AI is about to change

This guy plugged a DGX Spark (the $3K Nvidia box) and a Mac Mini M4 together to run AI and what happened next surprised everyone > the Nvidia box handles the hard part - processing your prompt in milliseconds > Mac Mini M4 handles the fast part - generating the response at memory bandwidth speeds nothing else can match > together they hit 84 tokens per second on Llama - 6x faster than the Spark alone > running compute agents locally on this setup means your data never leaves your hardware > two boxes. two different architectures. one AI system that Deepseek runs at data center scale he ran it on his desk save this. the way we build local AI is about to change

Mr. Buzzoni

153,969 次观看 • 3 个月前

Elon Musk on how he was fired as CEO of PayPal and Peter Thiel, who replaced him invested $20 million in SpaceX: "it’s easy to be bitter and just hate them forever - but the better course of action is to turn the other cheek and make the relationship good" this is him on how he turned getting fired into Tesla, SolarCity and SpaceX "I was away for two weeks, there was a lot of worry, and the management team decided I wasn’t the right guy to run the company" Two years later, eBay acquired PayPal for $1.5 billion - the money helped fund Musk’s next bets Tesla built a Roadster "faster than a Ferrari and more efficient than a Prius" Then Musk put $100 million into SpaceX: After three launches failed to reach orbit, all 12 customers stayed - DARPA funded the first two; the Air Force funded the third "Each launch is a bit like Russian roulette" When would he stop? "If we run out of money" Bookmark and watch - 15 min on how Musk turned one company fire into three bets that reshaped cars, energy and space ↓

Elon Musk on how he was fired as CEO of PayPal and Peter Thiel, who replaced him invested $20 million in SpaceX: "it’s easy to be bitter and just hate them forever - but the better course of action is to turn the other cheek and make the relationship good" this is him on how he turned getting fired into Tesla, SolarCity and SpaceX "I was away for two weeks, there was a lot of worry, and the management team decided I wasn’t the right guy to run the company" Two years later, eBay acquired PayPal for $1.5 billion - the money helped fund Musk’s next bets Tesla built a Roadster "faster than a Ferrari and more efficient than a Prius" Then Musk put $100 million into SpaceX: After three launches failed to reach orbit, all 12 customers stayed - DARPA funded the first two; the Air Force funded the third "Each launch is a bit like Russian roulette" When would he stop? "If we run out of money" Bookmark and watch - 15 min on how Musk turned one company fire into three bets that reshaped cars, energy and space ↓

bodila

77,664 次观看 • 1 个月前

Elon Musk just quietly launched a bank inside X. 6% APY on deposits. 3% cashback on purchases. But almost no one understands what this actually means... Here's what everyone is missing about the June 25 update, and why PayPal, Cash App, and Venmo just got put on notice: X started rolling out X Money to a small group of U.S. Premium+ users. This is the product Musk has been talking about since he bought Twitter: The "everything app." Social, payments, transfers, eventually broader banking. Peer-to-peer transfers powered by Visa Direct for near real-time settlement. A metal Visa debit card. For context, the national average savings rate in the U.S. is well below 1%. The highest yield on the typical big-bank checking account is roughly 0%. X is offering 6%. That number alone is enough to make every consumer fintech CFO in America uncomfortable. Now look at the regulatory groundwork most coverage skipped. X has secured more than 25 money transmitter licenses across U.S. states. That is the legal foundation for operating payments at national scale. It takes years to assemble and millions in legal and compliance work. Musk has been quietly doing that work for two years while critics insisted X was a dying ad business. Here's what the media keeps missing: X Money is designed to make X the place your money lives. Once your paycheck lands in X Money, your savings earn 6%, your card lives in the app, and your transfers happen inside the same feed where you read the news, the math of leaving gets ugly. PayPal doesn't have a feed. Cash App doesn't have a social graph. Venmo can't offer 6% APY without bleeding cash. X is the only consumer platform on earth that can run a social network and a banking product through the same login. For 20 years, you've logged into your bank, your brokerage, Venmo, and your social apps separately. X is collapsing all of that into one login. This is the WeChat playbook. Payments, transfers, commerce, and social all inside one app. WeChat now processes trillions in payments annually inside China. Musk has said publicly that WeChat is the model. Most people dismissed it as hype. Retail investors look at headlines and react. The wealthy look at the rails and position. A 6% APY launching inside a global social platform is a signal about where consumer finance is going. You can scroll past it and assume it doesn't matter to your portfolio. Or you can run a system that pays attention to structural shifts instead of headlines. Surmount helps you automate your investments with rules-based strategies built on data, not narratives...

Elon Musk just quietly launched a bank inside X. 6% APY on deposits. 3% cashback on purchases. But almost no one understands what this actually means... Here's what everyone is missing about the June 25 update, and why PayPal, Cash App, and Venmo just got put on notice: X started rolling out X Money to a small group of U.S. Premium+ users. This is the product Musk has been talking about since he bought Twitter: The "everything app." Social, payments, transfers, eventually broader banking. Peer-to-peer transfers powered by Visa Direct for near real-time settlement. A metal Visa debit card. For context, the national average savings rate in the U.S. is well below 1%. The highest yield on the typical big-bank checking account is roughly 0%. X is offering 6%. That number alone is enough to make every consumer fintech CFO in America uncomfortable. Now look at the regulatory groundwork most coverage skipped. X has secured more than 25 money transmitter licenses across U.S. states. That is the legal foundation for operating payments at national scale. It takes years to assemble and millions in legal and compliance work. Musk has been quietly doing that work for two years while critics insisted X was a dying ad business. Here's what the media keeps missing: X Money is designed to make X the place your money lives. Once your paycheck lands in X Money, your savings earn 6%, your card lives in the app, and your transfers happen inside the same feed where you read the news, the math of leaving gets ugly. PayPal doesn't have a feed. Cash App doesn't have a social graph. Venmo can't offer 6% APY without bleeding cash. X is the only consumer platform on earth that can run a social network and a banking product through the same login. For 20 years, you've logged into your bank, your brokerage, Venmo, and your social apps separately. X is collapsing all of that into one login. This is the WeChat playbook. Payments, transfers, commerce, and social all inside one app. WeChat now processes trillions in payments annually inside China. Musk has said publicly that WeChat is the model. Most people dismissed it as hype. Retail investors look at headlines and react. The wealthy look at the rails and position. A 6% APY launching inside a global social platform is a signal about where consumer finance is going. You can scroll past it and assume it doesn't matter to your portfolio. Or you can run a system that pays attention to structural shifts instead of headlines. Surmount helps you automate your investments with rules-based strategies built on data, not narratives...

Logan Weaver

259,256 次观看 • 3 个月前

The payment layer for programmable money is here – Introducing BRRR BRRR creates a universal settlement layer connecting blockchain networks with traditional payment systems, enabling programmable transactions at global scale. For the first time ever, any financial institution or service provider is just one API call away from orchestrating payments onchain. Any network, token, or smart contract logic comes right out of the box with a compliant and developer-friendly experience. Crypto in the last cycle lived in a vacuum with no real connective tissue to legacy fiat and banking systems. Today, stablecoins, blockchain networks, and DeFi primitives are reinventing how we interact with money. There will be more specialized stablecoins, dedicated payment networks, and sophisticated primitives — and BRRR is the one layer that connects all of them together. BRRR is already: • Connecting 20 networks • Integrated with 150+ protocols • Powering the largest Web3 card • Processed over $200M real-world payments BRRR is a smart proxy to the future-proof payments, but that is only the beginning. Today we mark the next stage of BRRR, where everyone can be a part of it. To learn more about BRRR, how to get involved or integrate, visit:

The payment layer for programmable money is here – Introducing BRRR BRRR creates a universal settlement layer connecting blockchain networks with traditional payment systems, enabling programmable transactions at global scale. For the first time ever, any financial institution or service provider is just one API call away from orchestrating payments onchain. Any network, token, or smart contract logic comes right out of the box with a compliant and developer-friendly experience. Crypto in the last cycle lived in a vacuum with no real connective tissue to legacy fiat and banking systems. Today, stablecoins, blockchain networks, and DeFi primitives are reinventing how we interact with money. There will be more specialized stablecoins, dedicated payment networks, and sophisticated primitives — and BRRR is the one layer that connects all of them together. BRRR is already: • Connecting 20 networks • Integrated with 150+ protocols • Powering the largest Web3 card • Processed over $200M real-world payments BRRR is a smart proxy to the future-proof payments, but that is only the beginning. Today we mark the next stage of BRRR, where everyone can be a part of it. To learn more about BRRR, how to get involved or integrate, visit:

Blockchain Reconciliation and Remittance Record

60,853 次观看 • 1 年前

Peter Thiel on the most important lesson he learned building PayPal The early employees of PayPal went on to build incredible companies like Tesla, SpaceX, LinkedIn, YouTube, Palantir, Yelp, Yammer, and more. When asked about the factors that explain these outlier successes, Thiel suggests that it was probably a combination of several different things: an entrepreneurial culture, lots of strong personalities, and the early 2000s was a great time to start a company. But Thiel also says that the overarching lesson you learned working at PayPal—which had a lot of challenges but ended up succeeding—was: “You can build a great company, but it’s hard.” He contrasts this to the lessons you learn at most startups: “If you’re at a startup that fails, you will learn the lesson that it’s impossible to build a great company and that you should try something less ambitious the next time around. If you’re at a startup where things work too easily [such as Microsoft or Google], you learn the lesson that it’s actually easy to build a great company.” He continues: “Hard is somehow better than easy or impossible. If it’s easy, you don’t need to work hard. If it’s impossible, there’s no point in working hard. So easy and impossible converge to not working hard. Hard tells you you have to work hard.” Video source: This Week in Startups @jason (2015)

Peter Thiel on the most important lesson he learned building PayPal The early employees of PayPal went on to build incredible companies like Tesla, SpaceX, LinkedIn, YouTube, Palantir, Yelp, Yammer, and more. When asked about the factors that explain these outlier successes, Thiel suggests that it was probably a combination of several different things: an entrepreneurial culture, lots of strong personalities, and the early 2000s was a great time to start a company. But Thiel also says that the overarching lesson you learned working at PayPal—which had a lot of challenges but ended up succeeding—was: “You can build a great company, but it’s hard.” He contrasts this to the lessons you learn at most startups: “If you’re at a startup that fails, you will learn the lesson that it’s impossible to build a great company and that you should try something less ambitious the next time around. If you’re at a startup where things work too easily [such as Microsoft or Google], you learn the lesson that it’s actually easy to build a great company.” He continues: “Hard is somehow better than easy or impossible. If it’s easy, you don’t need to work hard. If it’s impossible, there’s no point in working hard. So easy and impossible converge to not working hard. Hard tells you you have to work hard.” Video source: This Week in Startups @jason (2015)

Startup Archive

105,347 次观看 • 11 个月前