harshsinha Profile picture
Dad, husband, CTO @Wise (previously @TransferWise). Product, engineering, startups, angel investor. Past: Product & Engineering @PayPal, @eBay. Thoughts my own
Feb 10, 2021 18 tweets 6 min read
Slow financial rails are creating useless products and wasting our time in “innovation”. With the #GMEstock dust settled, here are some thoughts on how our archaic financial infrastructure is becoming an impediment to innovation and simply put - slowing us down! (1/18) Earlier @vladtenev of @robinhoodapp called for the elimination of T+2 securities settlement.

While securities settlement time impacts a % of folks, we have bigger issues in our economy as we run ACH - one of the slowest payment systems in the west.