backpack™
/backpack134
your go to source for self banking
My favorite part of banks is when I fuck up and they charge me, and when they fuck up they charge me
Here’s my Great British Bake-off version of fintech alpha: All that matters is the precedent of ATMs
Manage your incoming money flows, but like actually
Holidays schmolidays 🛳️
Been battling my twisted as state logic for more than a week. Twisted no more
Been battling my twisted as state logic for more than a week. Twisted no more
Self banking
- bill pay
- payments
- card issuance
- user management
- self custody
This is only the foundation, everything from here will look like super powers for your money to all previous generations
- bill pay
- payments
- card issuance
- user management
- self custody
This is only the foundation, everything from here will look like super powers for your money to all previous generations
These are not the same, one helps you use the product better and is a bot, the other will help you solve any problems and will (mostly) be human, and probably also me, for awhile at least
Since we’re STILL on a compliance diligence timeout, we’ve managed to stay busy…shits gonna get crazy (almost zero agent tuning yet)
What are we building with Backpack? It’s basically the Young Lady’s Illustrated Primer but for money, I’m giddy
What if all you had to do to get support was just to hit the support button that happens to be everywhere you might need it?
What if when you hit that button, it automatically shared what you see with support so we can both begin solving the problem instantly instead of wasting time talking in platitude circles?
What if when you hit that button, it automatically shared what you see with support so we can both begin solving the problem instantly instead of wasting time talking in platitude circles?
Interesting talk today with an on-ramp acquiring partner. Out of 5,000 US banks, only 100 are sponsoring fintech or crypto either for acquiring or banking, issuing. Thats 2% of all US banks. That 2% has received 80% of SEC notices in 2024.
@so crushing the partner webhooks this morning, this represents our ability to turn all streams of USD in to USDC without anyone having any conversations about crypto
Peak at the upcoming iOS account release, live on sepolia now, using @litprotocol to power the keys and signing is gonna be exactly as their name implies, 🔥
Starting to get to some QoL features in the UI, we’re almost having fun. Will start flashing some screenshots this week I think
Getting closer
I should be able to have subscriptions on a single card and expectations that the charge wont go through if the subscription price deviates from the sign up price
Chargebacks are a measure of fraud in the system but they’re setup as dark patterns. Most people seem to use them in cases where they made a bad choice and they wish they hadn’t. This should never happen, it costs all of us money
I know a company that was using Stripe. The business sold $300k worth of goods and services to their customers. Stripe decided they didn’t like the business. Stripe returned $300k to the customers even though the customers had received their intended goods and services. The business essentially just ran a $300k marketing campaign directed by Stripe
Lee have this, the goal is to make money work better. Merchants have problems with money, consumers don’t. Crypto needs to be a hidden ingredient behind the scenes making things work, crypto is not the star of the show
https://x.com/jonwu_/status/1808486596297015614?s=46
https://x.com/jonwu_/status/1808486596297015614?s=46
Time to start a self banking streak
Got the 12 year old reviewing onboarding content for self banking
Banks had overdraft fees, we will have rare self banking livery, we are not the same