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David T Phung 🚀⚡️🛰️
@davidtphung
stripe the digital stagecoach of the internet economy stripe is to the internet what wells fargo was to the frontier economy—both built the foundational infrastructure that enabled commerce to scale. wells fargo moved money across the west; stripe moves money across the web. below are some takeaways: 📌 political: stripe scales globally while navigating complex financial regulations. compliance = moat. 📌 economic: fraud down 80%. enterprise adoption up. stripe boosts gdp by optimizing payment flows. the company generated $1.4 trillion in total payment volume in 2024, up 38% from 2023. that accounts for approximately 1.27% of global gdp in 2024. (global gdp in 2024 was $110 trillion us dollars) 📌 social: more financial access for small businesses and the growth of bridge, the aquired stablecoin company and ai automated payments. 🚀 payments aren’t just transactions. they're infrastructure to a global economy. /keepgoing report linked below
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David T Phung 🚀⚡️🛰️
@davidtphung
https://assets.stripeassets.com/fzn2n1nzq965/4oKUptrHRWY03cFFaczVTP/e540fdc6ce090e5affc974ba5481cd87/Stripe-annual-letter-2024-mobile.pdf
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