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Marc Andreessen on Finance: ‘We Can Reinvent the Entire Thing’


LowIQinvestor
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http://www.bloomberg.com/news/2014-10-07/andreessen-on-finance-we-can-reinvent-the-entire-thing-.html

 

"‘‘That also means we have the chance to radically lower fees. Most consumer transactions are weighted with a 3 percent fee; remittances run up to 10 percent, which I think is a moral crime. There’s a big opportunity to take those fees out.’’

 

Also, interesting interview with CEO of Western Union:

http://www.bloomberg.com/video/western-union-ceo-we-ll-use-bitcoin-when-regulated-SulUCvcZQEixMGv9Mu~akw.html

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