Stripe’s 1.5% tax on the old world

[Our daily CEO briefing for PRO readers; PDF at the bottom]

For 150 years, the architecture of cross-border commerce was a walled garden guarded by correspondent banks and toll-collecting card networks.

With the launch of Tempo, Stripe isn’t just offering a new payment button; it’s effectively turning global incumbents into back-end utilities for a superior settlement layer. 1.5% is the tax they’re charging the o…