Building products onchain 🌐 | magma Fellow | Kernel Fellow

Zelle is definitely for the normies. Because they did a good job at partnering with banks and making an account directly connected to your bank through just your phone number.

Hate it or love it, Zelle had an excellent playbook by doing boomer sales and getting distribution. 

Probably a lesson in there for some crypto folk :)

Chasing Curiosity. Empathetic Accelerationist. Founding Fullstack Engineer @icebreaker. YC S16, KB7. 
icbk.me/tayyab.fc

It doesn’t make any money though. And they are pushing the functionality back into the app. 

CashApp is worth tens of billions in market cap.

Values-Aligned Communities | citizen of Black Rock City

The banks just make money with overdraft and minimum balance fees

Sounds like all the value is going to the consumers

Interesting, why are they unable to monetize?

Cashapp has other problems zelle doesn't seem to struggle with though. (money duping and random account closures)