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The importance of developer experience

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This week in fintech

January 18 · Issue #43 · View online

A weekly summary of the latest news in our world of finance, design, and technology.


Also: Plaid 💔 Visa 🤖 Visa crunching numbers 🔑 The key to blockchain.. ☄️ Year in review 💬 Quote of the week

🚀 Developer experience
I have come to believe that developer adoption is the single best value driver in software – Fred Wilson, Union Square Ventures
We have written a lot about Stripe in this newsletter. A lot is because of the exciting products they continually push out, but mainly because of their focus on developer experience (DX) – something many companies seem to forget. Once again, I’ll link to their state of the art documentation, guiding you each step of the way.
This week Stripe launched a plugin for Visual Studio Code – one of the most popular code editors. By bringing Stripe inside code editors, they move Stripe-specific information inside the context where developers already are when they build. They believe this will reduce context switching and friction and make it faster to integrate, build, and test with Stripe. As an example, this plugin makes it possible to:
  • Test webhooks on your local server
  • Easily see the payload as JSON
  • Generate code samples
  • Monitor that you don’t check API keys to source control
  • Integrate API-references into the editor
I believe this is something we’ll see a lot more of from API providers in the years to come! You can read more about Stripes plugin here.
Plaid 💔 Visa
One year ago, Plaid announced that Visa was acquiring them for $5.3bn – twice their previous private valuation. Last week, they decided to stop the merger after the Department of Justice (DOJ) in the US sued to block the deal in November. DOJ claimed it would eliminate Plaid’s future ability to compete in the online debit market, thus giving Visa a monopoly. 
🤖 Visa crunching numbers
Speaking of Visa: they have just filed an interesting patent for building a global AI platform that can quickly generate predictions for their clients. Given Visa’s position as an intermediary for transactions, the company accumulates a vast dataset of transactions taking place all across the world. Both past and present. Using AI, Visa can leverage all this data to make precise predictions for clients, like how many movie tickets will be sold in a given region six months into the future. The AI could be a new income stream for Visa, considering that it would be very interesting for Hedge funds and similar to subscribe to its predictions.
🔑 The key to blockchain..
..is remembering your key!
I keep getting fascinated by blockchain, and it’s strange contrasts. On one side, its followers praise it as the future of banking: programmable money, not controlled by the government. On the other side, we frequently hear about people locked out from fortunes of Bitcoin for forgetting their passwords or throwing away their hard-drives years ago. “Not your keys, not your coins” is a saying that gets passed around a lot in the crypto-communities, but the fact is that people tend to lose or forget their keys. This week we read multiple stories of this:
This whole idea of being your own bank — let me put it this way: Do you make your own shoes? The reason we have banks is that we don’t want to deal with all those things that banks do 
Stefan Thomas that has two guesses left to access £175m in Bitcoin
☄️ Year in review
In Stacc, we also had to write a little year in review of what we managed to do last year despite this weird situation in the world. Read on if you want to see our image-heavy post from what we’ve done over the previous year.
Some of our projects from the previous year
Some of our projects from the previous year
💬 Quote of the week
Jason Mikula
I don’t know who needs to hear this, but:

Consumers aren’t “adopting fintech.”

They’re finding products that better solve their problems.

#fintech #finserv
😉 Sharing is caring!
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Marius Hauken, partner Stacc X
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