Plaid paid people $500 for their employer payroll logins
The fact that Plaid even exists, and that their core business will probably continue to thrive for another decade makes me almost certain that the US will lose its stranglehold on innovation soon.<p>In the US, I have to pass through so many rent seekers to move some digits over (Plaid, Stripe, and Visa&#x2F;MasterCard). Meanwhile Europe has PSD2 now and China AliPay&#x2F;WeChat Pay. Even India, which in the past 3 months has unfortunately proven dysfunctional has UPI, which is orders of magnitude better than what we have.<p>When has the US recently passed legislation or standards that fosters innovation? (this is a serious good faith question - there seems to be a lot of govt grants for stuff like basic research, but a whiff of money churns out stuff like repealing net neutrality).