Stripe co-founder says high interest rates flushed out Silicon Valley's 'wackiest' ideas
by CNBC
CNBC— Rising interest rates in the past couple of years had a chilling effect on Silicon Valley, but Stripe co-founder John Collison said it was healthy.
PYMNTS.com—Stripe Co-Founders Say They’re Building ‘Software-Defined Financial Services’. Today’s customers of the FinTech industry are no longer asking just for ways to accept online payments; they’re asking for “software-defined financial services.” So said Stripe co-founders Patrick Collison and John Collison Wednesday (April 24) during the opening keynote of the company’s annual user conference held in San Francisco. While they founded Stripe in 2009 to enable the acceptance of online […]
@Marketplace—Why does the world want dollars? Because of high interest rates, thriving economy in U.S.. Compared to the Japanese yen, the dollar has strengthened by almost 16% this year. Japan and South Korea aren’t happy about the currency gap.
CNBC—IMF chief warns of emerging market risk with high U.S. interest rates. The benchmark rates of most advanced economies soared in recent years, as central banks aimed to tame inflation following the Covid-19 pandemic.