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The untold story of Stripe, the secretive $20bn startup driving Apple, Amazon and Facebook | WIRED UK

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"‘The annual cost of financial intermediation in the US is roughly 2 per cent – the same as it was in the late nineteenth century. The US finance industry has showed no efficiency gains at all over 130 years.’"

From "The untold story of Stripe, the secretive $20bn startup driving Apple, Amazon and Facebook | WIRED UK".

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