> A global company has to work on integrations with banks all around the world, data privacy regulations all around the world, translations including in right to left languages, fun stuff like UPI in India, cash payments to a machine in Japan, currency conversions etc. Meanwhile a Bulgarian startup in that space only needs to interface with the 15 local banks and use EU-mandated APIs
You're describing a system with economies of scale, up to a point, followed by negative economies of scale. That's my argument: this is a good business for a European company to dominate.
You're describing a system with economies of scale, up to a point, followed by negative economies of scale. That's my argument: this is a good business for a European company to dominate.