Sling Money reposted this
Building Sling. Previously designing for ML at Spotify , growth at Monzo , other stuff for Google , Android, PotatoStudios & more
An open and interoperable world The world is becoming more globalized but many of the advancements in consumer fintech are focused domestically. Travel is becoming cheaper and more convenient, remote work has become popular and we’re spending more and more time online. The world’s opening up but our financial systems are not keeping up. Consumer fintech products have improved significantly over the past 10 years. Each country has their own app that allows you to send money using phone numbers, split bills and more. Yet global solutions have yet to achieve this same sort of local magic. All the local improvements remain enclosed in each of the product’s specific ecosystem. Companies can make it increasingly smooth to pay other people within the same application but if you want to send money outside that ecosystem we have to resort back to legacy systems. This is amplified when trying to send money to people who use financial systems like Mobile money or money transfer apps where the connections are non-existent. This problem is only increasing, even as the rest of the world becomes more connected. We’re building Sling to be truly global and interoperable. One way we’re doing this is with Sling Links. Sling Links let users on Sling send money to anyone, even if they don’t have Sling (yet). The way it works is kind of like digital cash. You create a temporary wallet with the amount of money you want to send. You can then send this wallet over any messenger app via a link. All the recipient has to do is add the details of the account they want to claim the money to and the money gets deposited into to their account – no need to download Sling. Sling Links make sending money as easy as sending a text message in over 50 countries. ⇉ https://lnkd.in/eSKnmyex ⇇