by emilepetrone on 2/18/15, 12:59 AM with 36 comments
by anemitz on 2/18/15, 3:01 AM
by Meekro on 2/18/15, 2:39 AM
1. What are your thoughts on dealing with fraud? While ACH is often reversible, wire transfers tend not to be. Established banks often have convoluted wire procedures (that often involve showing up in person at a branch) precisely because a fraudulent transfer -- even if the fraud was the user's fault because of phished credentials -- often results in the bank eating the losses. How will your company handle losses where somebody's API credentials got hacked, their balance transferred to Romania, and the victim notices and reports the fraud 59 days later?
2. One of the biggest limiting factors in bitcoin's growth right now is that exchanges struggle to get and keep relationships with traditional banks. No-doubt fraud prevention has a lot to do with this, but any bank that steps up to the plate could charge its partner exchanges huge fees and still be swimming in business. Have you thought about being that bank?
by online_reader_ on 2/18/15, 2:02 AM
As an aside, someone needs to 'disrupt' the home mortgage loan process from top to bottom. Super opaque and really annoying to go through (even the information gathering phase) when compared to almost everything else I've experienced as an adult.
by btmerr on 2/18/15, 1:19 AM
by levlandau on 2/18/15, 4:19 AM
by logn on 2/18/15, 10:43 AM
by justkd on 2/18/15, 8:23 AM