Lucy Peng Quotes

Apple already had everyone's billing information from iTunes... you could buy things just by typing in your password... That, for the first time, brought very, very easy payment to the modern software world. That, more than anything, is why there is a business for paid apps.

Technology has come a long way since PayPal.

What interests us in Stripe is the idea that there could much more commerce happening on the Internet.

As long as the Internet economy continues to grow, Stripe will continue to grow.

Ten Internets ago, when PayPal was started, it was all these tools that no one had built yet to bring commerce to the Internet. My first startup used PayPal.

In a cashless society, the cash has been converted into numbers, into signals, into electronic currents. In short: Information replaces cash.

Digital payments have already made it easier to move and manage money. While there's more work to do, the potential is real and understood.

Square is turning informal, cash transactions, like you would do with a taco truck, into card swipes. Stripe is more for the Internet, it's focused on the kinds of transactions that weren't possible years ago. We think about how you would buy things from a mobile phone, crowd-funding, how should that work.

Stripe really did come about because we were really appalled by how hard it was to charge for things online.

We haven't even begun to see just how many transactions are going to take place online.

PayPal's been around forever. How do we use that platform to solve the future of commerce?

We're barely scratching the surface of how people experience and utilize p2p payments, despite it being a multi-millennium-old behavior.

Physical money, whether it's checks or cash or credit card, are digitizing in front of us.

The Russian customers don't feel very comfortable with online transactions.

Elon Musk with PayPal revolutionized banking.

Online transactions, once relegated to leaps of faith, have evolved into our status quo. We no longer ask ourselves whether or not it's wise to buy online. Instead, we ask whether or not it's wise to deal with a particular person, service provider, or business.

A very large percentage of economic activity is shifting online and it makes sense that there are more services that are going to charge. It also means there are going to be more people willing to pay.

Our idea with starting Stripe was to build better payments technology for people building things on the web.

Stripe is building payment infrastructure for the Web, so we make it easy to accept credit cards online. Before Stripe, the way you'd do this is using the legacy banking structure. It was slow, it was complex, it was expensive. It had this very chilling effect on e-commerce.

Trade on the Internet is becoming very widespread. The problem is our laws have not caught up with electronic commerce.

I look around my neighborhood, and I see people hailing a cab or ordering their food and then paying for it all with their phone. I've read about that stuff for a really long time, and now it's starting to become commonplace.

Stripe makes it easy for anyone, be it an individual or a small business or a large business, to accept credit card payments on the Internet. We want to give control to the user or the business to define what the experience looks like. We work on a website or a mobile app, or whatever between that.

The promise of the Internet is around this transcendence of physical geography. To a large degree, the Internet has delivered on that promise, but when it comes to the movement of money and the ability to start and operate a business or needing to purchase from a business, it really hasn't.

Even by Silicon Valley standards, PayPal's vision was massively ambitious.

The promise of the Internet is being held back by Visa, Master Card, American Express.