Zenobia Pay: An Open-Source Alternative to Visa and Mastercard
By
pranay01
Crusty in the right places. Worth the chew.
Summary
The article discusses Zenobia Pay, an open-source payments platform developed as an alternative to high-fee card networks like Visa and Mastercard. Inspired by FedNow, the founders built a mobile-first, instant clearing pay-by-bank network using QR codes. Despite their efforts, the platform struggled with adoption, attracting only illicit users. The piece reflects on the challenges and motivations behind the project.
Key quotes
· 3 pulledOur mission: build an alternative to high-fee card networks (Visa, Mastercard) using bank transfers as payments.
We thought, let's build QR code payments, like Pix or UPI or AliPay, but for the US.
We failed to get any adoption besides thieves and mobsters.
You might also wanna read
A 16-year-old built GitHub Store to 12,500 stars in 6 months — here's how
A 16-year-old developer from Uzbekistan built GitHub Store — a cross-platform app store for GitHub releases — as an alternative to the heavy
github-store.org·23d ago
GlassballAI Financial Forecasting Dataset on Hugging Face
This appears to be a dataset description from Hugging Face for a financial forecasting AI model called glassballai. The dataset contains str
Tally: Open-Source AI Tool for Automatic Bank Transaction Classification
Tally is an open-source, local-first tool that uses AI to automatically classify and categorize bank transactions. It integrates with comman
tallyai.money·4mo ago
ISRG Prossimo Project: Donation Information for Memory-Safe Software Initiative
The article provides donation information for ISRG's Prossimo project, which focuses on moving critical software to memory-safe code. It det
memorysafety.org·5mo ago
Open-Source SubMicro Trading System Achieves 890ns Ultra-Low Latency Execution
An open-source algorithmic trading system called SubMicro Trading System achieves ultra-low latency of 890ns median execution time. Built wi
submicro.krishnabajpai.me·5mo ago
Modern Financial Platform for Small and Medium Businesses Launches on Product Hunt
The article introduces 'The Modern Financial Stack for SMBs' - a financial technology platform designed specifically for small and medium-si
Product Hunt·11mo ago