Ask HN: Does anyone want to take on the payment processing networks with me?
I’ve been working on a prototype payment network that allows people to send and receive payments at a fraction of the cost to traditional rails.
I started working on this when building out the previous fintech I started, Safepay (YC S20) and realized how much value card networks extract from fintechs on both sides, and by extension the businesses that rely on them and thought that there has to be a better way.
I think I’ve found what this could be and the only thing holding me back is finding the right person to take this on with.
So what is it? (Links added below)
The idea is to allow people to make and receive payments through simple aliases. Send money from your Chime account to your friend on Coinbase or pay a merchant using Stripe with your Revolut account. Scan a QR code on a receipt with your banking app after dinner and settle the bill.
In the background we pass messages back and forth between different participants and process net, deferred settlements with stablecoins.
Are you interested?
If you think this could be something you see yourself working on, email me at ziyad@paylias.xyz. You should be technically strong so we can distribute the workload between each other and humble enough to know that this will be a grind that may take a few years to play out. I’m sure there are others thinking or working on this so time is against us.
Thank you for reading and even if this isn’t relevant for you, you could help build a company just by upvoting this and bringing this in front of the right person