I work for the Internet and am an advisor to <a class="tweet-url username" href="https://twitter.com/stripe" data-screen-name="stripe" target="_blank" rel="nofollow">@stripe</a>. These are my personal opinions unless otherwise noted.

Patrick McKenzie

In slight tension to the argument that there is actually no market for narrow banks, we have a policy apparatus which considers them corrosive to trust in the banking system and therefore does not see fit to let them exist. https://t.co/qwe5KEtvpL

Brian Romanchuk

"The reason why nobody does [narrow banking] is simple: there is no market for such an institution. Sure, you might be able to assemble a cult following among narrow banking bugs... but it is going to be flop among the broad public."

https://t.co/Vz6IrAIc5L via @RomanchukBrian

John Paul Koning

I broadly think it is a terrible product in service of a problem which is vastly overrated, but it is useful to note that the problem isn’t that it was tried and failed. People proposed them and got a very firm Nope, Not Going To Happen, including after court cases IIRC.

I work for the Internet and am an advisor to @stripe. These are my personal opinions unless otherwise noted.

from Patrick McKenzie | by Patrick McKenzie