The CPG infrastructure point is the most important thing in here, and it tends to get buried under the product announcement. Every previous attempt at foreign wallet access failed because there was no single entry point — just bilateral negotiations that went nowhere. The central bank building that pipe first and then PayPal plugging into it is a completely different architecture, and it explains why this one might actually stick where the others didn't. The APEC timing being deliberate is also doing real work here. One wall down is right.
The CPG infrastructure point is the most important thing in here, and it tends to get buried under the product announcement. Every previous attempt at foreign wallet access failed because there was no single entry point — just bilateral negotiations that went nowhere. The central bank building that pipe first and then PayPal plugging into it is a completely different architecture, and it explains why this one might actually stick where the others didn't. The APEC timing being deliberate is also doing real work here. One wall down is right.
What are the fees like? I know PayPal linked to Taiwan banks take 3%?
What advantage would that have over Alipay, which seems to do everything efficiently?
Now if Stripe actually did acquire PayPal it would be rather interesting.
Absolutely 💯
As a regular visitor to China, I wish China would issue a non-resident ID which I can use for everything in China, just like residents in China.
Can’t agree more.