Shrii, CEO of Credible, on how instant settlement removes the cash flow bottleneck holding these platforms back
"If you're running a gaming platform and your payment acquirer or PSP is going to settle money after 3 days, but your player is depositing today, playing today, winning today, and then cashing out today as well, now as a business you're sitting on a risk that maybe after 3 days my acquirer or my PSP will not settle. You'll always have to maintain your own liquidity, so there will always be a cash flow problem"
"It also restricts you from how many customers you can onboard, how many seats you can have on games and so on. With Credible it solves that problem, we are instantly doing settlement"
"The same problem exists for prediction markets, for trading platforms, creator platforms, everyone has the same problem"