Very thoughtful piece on CashApp. Thanks also for highlighting the disproportionately low gross profit from growing crypto revenue. Follow-up question: do you know why the crypto trading yields such low gross profit? Trying to figure out if this is true across neobanks...thanks!
Great write-up! I saw you mentioned the Super App case. I recently did a whole write-up on the case for Cash App as a US Super App. https://eastmeetswest.substack.com/p/cash-app
Very thoughtful piece on CashApp. Thanks also for highlighting the disproportionately low gross profit from growing crypto revenue. Follow-up question: do you know why the crypto trading yields such low gross profit? Trying to figure out if this is true across neobanks...thanks!