Re:On Growing: Lessons from the Story of WeChat
by captainhcg on Wednesday April 12, 2017 @01:01PM
(#14099544)
- `How does the money enter the network in the first place? You can use services like Venmo without linking payment information, but obviously you can't withdraw your balance.
reply`
- `So where is that e-money coming from? You must be linking something... a bank account perhaps?`
Nowadays most people have already linked their accounts with bank. But you still do not have to. When the feature first released in 2014, most people used the e-money for social purposes like sending gift cards and transferring small amount of cash; people just did not withdraw money.
That's one of the most important reasons why WeChat won tens of millions e-money users in a very short period.
Nowadays most people have already linked their accounts with bank. But you still do not have to. When the feature first released in 2014, most people used the e-money for social purposes like sending gift cards and transferring small amount of cash; people just did not withdraw money.
That's one of the most important reasons why WeChat won tens of millions e-money users in a very short period.