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HoldOnAMinuteyesterday at 8:16 PM1 replyview on HN

There is always opportunity in FinTech.

How did Venmo and Cash app get any traction? After all, we already had PayPal. There was already a way to transfer money to your friends.

How did Robinhood get any traction? We already had Etrade and other online brokers.


Replies

yobboyesterday at 8:49 PM

Usually by giving away free money to reach critical mass.