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miloelias

Ask HN: How do companies actually make money with fractional reserve banking?

I hear a lot of people talking about how Robinhood and Venmo make money on the cash that's sitting around in their accounts. I know they make money in other ways, but several articles point to this being a large portion of their profit.I'm curious if anyone is aware of numbers of how much it's worth to a platform to have this type of cash sitting around.For example, if I have $10,000 in...

( Read More... | 1 comment | 2 points | on HN )

Profit on Residual Cash

I hear a lot of people talking about how Robinhood and Venmo make money on the cash that's sitting around in their accounts. My research hasn't shown that this isn't what either company is emphasizing. I'm curious if anyone is aware of numbers of how much it's worth to a platform to have this type of cash sitting around. For example, how much money could a platform make on $1,000 in a month...

( Read More... | no comments | 2 points | on HN )
You're right the question isn't entirely complete. It was more of a fun discussion type of question in my opinion.