Ep 35. Pay like you email

Last week, I scored a personal win. I deadlifted 405 lbs!<br/><br/>I remember when I was first struggling to deadlift just the 45lb bar. Now I have lifted 9x that! But it was not smooth sailing. I tried and failed to lift 405lbs at least 5 times over the past month. Truth is, I was intimidated. My mindset was my weak point not my body. <br/><br/>I love doing things which I did not think I could do&#8230;but it&#8217;s not easy. This growth mindset also translates into other spheres of life. I started my career as a chemical engineer designing oil refineries but I&#8217;ve reinvented myself a couple times as I transitioned to become an oil market analyst then a product manager then a management consultant and now a payments product strategy director. <br/><br/>Similarly, companies that have thrived for over a century have reinvented themselves and adopted new technology. Nobody wants to end up like Blockbusters or Kodak. However, I am increasingly concerned that some legacy financial institutions are not reinventing themselves with appropriate haste. Growth mindset is for people and corporations. Innovate or die. <br/><br/>News<br/><br/>1. Pay like you email<br/><br/>In the 1970s, my dad won a scholarship to attend college in England. His parents didn&#8217;t have a phone at home. So my dad would write letters that would end up on ships sailing from Europe to Africa. Sometimes it took months for letters to be delivered. <br/><br/>Flash forward 35 years, I left my family in Nigeria to attend college in the US. Thankfully, the internet made it possible for me to send emails and have WhatsApp calls. I was able to instantly communicate for free thanks to the internet: a global standard protocol for exchanging files. <br/><br/>In the time that communication rapidly evolved in leaps and bounds, payments have only taken tentative steps forward. We are still using many of the same dated solutions (ex Western Union, SWIFT) from when my dad was in college. <br/><br/>I use Gmail. Imagine if I could only send emails to other