Dwolla...I love this disruptive angle "The cash in your pocket is a UI. It’s a trigger to post to a balance sheet in a computer"
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BREAKING DOWN THE DWOLLA NETWORK TO ITS CORE. DWOLLA, AS A NETWORK… HAS NO MONEY. IT’S NOT A BANK. DWOLLA DOES NOT HOLD MONEY. THE DWOLLA NETWORK TALKS TO BANKS ON BEHALF OF MEMBERS OF THE NETWORK. Your money, my money, is already virtualized. The first time I was explaining that concept to a bank they looked at me sideways and the room fell silent. That happened again and again and again and still happens today. It’s happened in local banks, regional banks, and global banks.
unknownx500
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