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Credit cards are a bundle of a payments instrument and loan origination. You might think debit cards must be strictly less interesting, given that they lack the loan origination. They’re actually a core piece of financial infrastructure, accidentally upgraded checking accounts, and drive (and fund) much fintech innovation.
Debit cards are a core piece of financial infrastructure and drive much of the innovation happening in fintech.
We are not affiliated with Patrick McKenzie. This unofficial audio edition is available to listen to and share for free. Read the original on Bits about Money.
Duration
~17 minutes (16K characters)
Release date
Nov 12, 2021