Ben Milne in response to a question from interviewer Alyson Shontell:

The biggest difference between ideas like this and a PayPal — and PayPal is a phenomenal idea, Square is too — is that those are built on top of networks like Visa and Mastercard. We’re building our own.

At $0.25 per transaction, no matter the amount, you better believe this is a serious competitor to Square, Visa, PayPal and others.

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