Always sceptical when merchants charge in foreign currency.
Marshmellow Cafe in Ahangama, Sri Lanka surprised positively. They offer EUR payments at mid market rate.
Surfers get it. 🤙
Btw, best food and vibe at west coast. – at Sri Lanka
Learned today that @RevolutApp doesn't perform recipient name checks when receiving money into its LT IBANs. Irresponsible..
Inflation excluding inflation is 0%. 👍 – at Tallinn, Estonia
The war on inflation is over. We won, at very little cost
Readers added context they thought people might want to know
The exclusion of food, shelter, energy, and used cars is misleading.
All prices included in CPI shows year over year inflation at 3.7% as of September 2023
bls.gov/cpi/
Apparently @IBKR quadrupled margins on some currencies and now @go_lightyear pays better yield on cash.
@Wise /interest is even more generous with European currencies but USD isn’t supported.
cool to see newcomers beat IB in their own game. Price used to be the killer feature. – at Tallinn, Estonia
bring the 80s back
"My general investment philosophy is the more bearish things feel in the short run the more bullish I should be over the long run."
Another great one from @awealthofcs
awealthofcommonsense.com/202…
2013 vs 2023: Java is looking more like js and js is looking more like java. 😃 – at Amsterdam, The Netherlands
“Capital at risk of governments defaulting.” – at Tallinn, Estonia
kaju retweeted
There were two problems with this business model. First, the bank attracted big accounts, far larger than the 250K insured by the FDIC, making it vulnerable to a classic bank run. Second, it didn't really have any expertise in putting that money to work 5/
Our duet with @UTammet @ @startupdayfest.
Real life stories on how Wise has managed to enhance #laws and #regulation in different corners of the world and really improve the industry for us, our competition and most importantly all affected #customers.
👀 Tomorrow at 11:15 ;)
Spent a day with some of our Lithuanian @Wise business #customers 🇱🇹❤️
So exciting to hear their stories, Wise account use cases, pain points and product improvement ideas. 🚀
First actionable feature improvements already in progress 😁🛠
wise.com/business – at Vilnius, Lithuania
kaju retweeted
So let's plate this delightful dish of degenerate delicacies:
1) Celsius opened a bunch of loans
2) They took user deposits and traded them for $stETH
3) They now owe a lot of money and don't have the reserves to pay them back
Celsius is insolvent.
xitter.gq/yieldchad/status/15335…
Celsius $CEL is functionally insolvent on their ETH position.
Only 27% of Celsius' ETH is liquid, the rest is either stETH or staked in ETH2, so inaccessible for at least 1 year.
If withdrawals continue at the current pace of...(1/x)
The team really likes to innovate the card issuance tech. Last year we launched the first ever global cloud-native card processing with @Visa. Today we’re piloting the future of ecom payment security with @stripe.
First impression is pretty smoooooth 👏🚀
@Wise is the first card issuer to delegate authentication responsibility to Stripe—increasing authentication speed by 4x!
We’re working with more card issuers across Europe to reduce friction for customers and improve conversion rates for businesses.
kaju retweeted
28/ Don’t use venture debt to provide runway to a theoretical higher-priced round down the road. If valuations are falling you will have increased risk only to raise at a lower price later
kaju retweeted
15/ On the flip side, our initial investments in the 2009-2011 time period are some of our strongest performers given they were formed in an era when capital was dear and discipline and focus prioritized
kaju retweeted
11/ Access to money and banking
For people in Ukraine it’s now possible to get a digital Wise debit card. We’ve eased documentation requirements for Ukrainian refugees to set up a @Wise account and to access local currency banking in the neighbouring countries.
kaju retweeted
5/ Making it cheaper to get money to Ukraine:
We reduced a big part of the costs with our partner in Ukraine, which meant we could also remove these for our customers.
Since last week, sending 1000 EUR to UAH costs €6.23 (previously €16.97).
