Reducing friction Google and Stripe. The former head of Google payments said “Tom payments are a money losing biz for us, we don’t make a dime in places like India where we are #2 enabler of UPI, or even in GPay. Google wins when we take the friction out of commerce”. With Stripe Pay, Tempo, …I’m now convinced stripe is taking the friction out of payments (and will win).

The logical question is “will this impact cards”? I don’t think so as they are core to Stripe’s economics w strong preference on both consumer and bank side. Stablecoin competes w debit (not credit) and merchants are not planning on consumer stablecoin acceptance

But…. Stripe will make huge strides where this preference does not exist both at the low win in X402/MPP and in Enterprise/B2B in Stripe Pay. Commercial banking, payment and treasury revenue streams will undergo massive change in the next 1-2 yrs.