Max Levchin Quotes

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.

Elon Musk with PayPal revolutionized banking.

Estonians are much more used to Internet banking rather than an online credit card.

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?

Cash is going to be killed. It will be nostalgia.

Earlier, physical currency used to dominate. Now, mobile currency or digital currency is dominating. For digital currency, fintech is very crucial.

Online payment will continue to play an ever-growing and significant role in the development of e-commerce as well as the stimulation of consumer demand.

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

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.

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

Twitter was around communication and visualizing what was happening in the world in real-time. Square was allowing everyone to accept the form of payment people have in their pocket today, which is a credit card.

Bitcoin woke us all up to a new way to pay, and culturally, I think a much larger percentage of us have become accustomed to the idea that money no longer comes with the friction it once had.

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

Digital currency is not going away. It's here to stay.

Money is catching up to the technological trends transforming all aspects of society and business; entertainment, insurance, health-care, gaming, leisure, retail - all commercial and social verticals are going digital - including money itself.

Social messaging has become the defining app of the smartphone era. Social payments has been a natural extension of this phenomenon - it's going to be the locus of most communications activity.

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.

The same way we can send and receive an email with anyone, anywhere, for free, or we can share a photo with anyone instantly for free, money will become these digital tokens, and we'll be able to do that with money.

The digitisation of money, the rapid expansion of internet access and, of course, the adoption of mobile phones have created the perfect conditions to make it easier, secure, and affordable to save, spend, give, and borrow.

The changing nature of money is only one facet of the financial services revolution.

The part of Stripe that I've always found most interesting is the idea of facilitating new commerce that wouldn't otherwise happen. Payouts is turning out to be a big part of that. These new networks are efficient, intelligent replacements for offline behemoths.

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.

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

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