brickcap

Added a new option "-w" that allows you to watch the project directory for changes in .lua and nginx configuration files and automatically restart nginx process to make those changes available.

Thanks for the great explanation about acquisition costs. I think we can use it :)

Point taken, though I disagree with your assertions that credit cards don't have much to do with classical banking and that they are not about promotion.

It's also true that banking services are entirely different from facebook. But the goals are similar.

I guess one way to restate my opinion in a couple of lines would be

There are markets and customers that are not immediately in the operational radius of a local bank. Any bank that can create offerings that would appeal to such markets would stand to gain profit.

Also to flip the discussion we could ask if facebook were to create a bank how would they do it?

The website is out of sync with our ideas. We need to update it. Apologies for any confusion caused.

If you don't see any new idea then can you at least see a concept that has been proven already by revolut. If so can you see a possibility that this concept can be taken further to include other businesses and banks? If you do can you can you imagine a scenario where ideas we suggest might be probable?

And if we are able to overcome the challenges you put forth would you say that this idea is a winner?

>the UK mortgage industry is technologically stone age!

Very interesting. Would love to have more details!

May I also ask if Virgin money has services that integrate with their other business, like say virgin airlines, as well?

The idea of posting it on hacker news is to make sure that if we can't do it someone else (better) can. There is a market. There is big money to be made. Banks are more receptive of startups than they've ever been. It'd be a shame to see this opportunity pass by.

Further we're not building a new bank. We're proposing to use the existing systems available, in any international bank today ,in a new way.

Simple was a challenger. We want to collaborate. Hacker news might just be the rabbit's foot!

You misunderstand me....

You can think of revolut as a front end for barclays client pool account. This is a very simplistic explanation but what I'm trying to emphasize here is that the money revolut manages is effectively with Barclays.

So the idea of having Barclays is not to get traction or to have their own participation method later but to have the muscle of a bank that can handle large scale international payments.

There are other big banks who don't have something like revolut. So our solution can be a good proposition for them (Not saying that we don't have ideas for any new features. We do, but we've been caught off guard by the new announcement. It'll take a few more days to make it's way to the pitch)

>"Barclays has been known to help startups by lending them their (global) infrastructure in the UK"

Yes, but why? Barclays profits with every customer that revolut brings/ will bring. Other banks would want to profit in a similar way.

I didn't know about BOE but I don't think that switching banking partners after about 5 years of operation is going to be that easy... Not sure could be wrong.

Yes! and virgin has a bank as well. This is a very lucrative market.

It should be on bank statements and on the card. What I was trying to say though was that the fact that Barclays has a system like Revolut is a problem for other banks that don't have a system like that. So our solution is still valuable for them.

Ha! didn't know. Any way Revolut works in partnership with barclays. There are other banks to whom the service will be valuable.

Out of curiosity by just do you mean today?