This is big news for start-ups. Stripe becomes a bank?!

Introducing Stripe Treasury. Command AI. Hold funds in multiple currencies and stable coins. Uh, instantly transfer money to US businesses. Yes, US only businesses on Stripe for free. Pay anyone in 160 countries uh just with an email like you know Wise and other tools similar to that. Earn credits um on balances to apply towards Stripe fees. That's That's pretty good, you know, because you have to pay what? 2.5 2.9% on Stripe fees or something like this plus. Yeah. Yeah. Plus like 30 cents or something. So that's that's good. Spend funds uh with a Stripe card. Uh get 2% cash back. uh view balance uh in the mobile app and use treasury from any AI app with the Stripe MCP. That's cool. Till I go to the website and you log in and it says not available in your country because you live in Europe. But basically the idea is from what I understand you make money with Stripe, right? you hold the money in Stripe instead of letting it to be transferred to your bank account and you just use Stripe to spend it to send it to people to to pay things with it and that's that's quite interesting. I would I would totally do this once they make it available. I would totally do this because the fees are quite high and then why why should I send it to my bank account and if I earn in dollars and I send it to my bank they're going to take a big chunk so I'm mad that it's not available in Germany but I mean this is not too dissimilar to wise transfer wise which we do have you know yeah and I do use transfer wise for most of my stuff nowadays. Yeah. Yeah. I love this MCP though. I love this API. You could be like, "Send Kabaza money and it will just do it through the MCP." That's really nice because I um I have an assistant and she handles the finance stuff as well, but she Yeah. One step closer to flinging her. I I No. Yeah. I know this is a interesting step because Revolute interestingly Revolute which is our European brother brethren um they are just they're opening up a physical bank in Barcelona. So it's interesting how Revolute were digital now they're going physical. Well Stripe is digital as well and also going kind of physical. Yeah. And it's I'm I'm a bit shocked that it's happening now. Why not earn which like Stripe is um handling a a good chunk of the entire like earth GDP? It's it's a big chunk for you know being just a single company. Why didn't do this? Didn't they do this before? Well, I suppose they focused on businesses and this is still pretty business but it's more you know they enabled SAS. SAS was there. Ah okay. So mitigate risk with added security through FDIC insurance eligibility that covers funds up to not exactly but up to 250k. So this is like what banks do. Uh I would be interested to see like what it does to master and uh Visa is if it's going to affect you especially businesses that run off of stripe. Do you know what I mean? like their whole and which is a lot of them now they all like most SAS services run off Stripe now they can be like well now we can just leave all our money in Stripe and make all those make business purchases through Stripe. This is part of a larger conversation on my show Command AI which we stream live every single week. We discuss the news and all things related to AI in the world of design and web. Catch us next week and join in the banter. Command AI.