Chapter
Payment Rails and Credit Card Debt
42:11 - 46:46 (04:34)
The podcast discusses the advantages of real-time payments rails and how it's possible to send money to each other's bank accounts without using services like Venmo. Additionally, paying one's credit card bill nightly can potentially help save money for the average American family, which carries between nine thousand and sixteen thousand dollars of credit card debt.
Clips
The idea of streaming money has emerged, which is like getting paid hourly and investing instantly.
42:11 - 44:08 (01:57)
Summary
The idea of streaming money has emerged, which is like getting paid hourly and investing instantly. Paying off your credit card bills nightly can significantly help save and keep in mind the average family has between $9,000 and $16,000 of credit card debt.
ChapterPayment Rails and Credit Card Debt
Episode#79 with Alexa von Tobel - From Dropping Out of Business School to a $375M Exit
PodcastMy First Million
Real time payment rails are a decade ahead of Venmo and allow money to be sent directly to another person's bank account.
44:09 - 46:46 (02:37)
Summary
Real time payment rails are a decade ahead of Venmo and allow money to be sent directly to another person's bank account. This is a great option for small businesses with a two-week buffer or individuals looking for more efficient payment transfers.