The Promise of Payroll APIs | Andreessen Horowitz

The Internet is a new way to interact, so it’s only natural that 40 years after its invention, we will come up with digitally native ways to distribute and exchange value, unconstrained by legacy financial infrastructure.

PAYG’s defining characteristic is the alignment of cost and value. PAYG companies charge customers for only what they use, which means customers pay for only what they need. In favorable market conditions, this can be a boon, as PAYG companies are set up to quickly capture increases in activity. This alignment is more worrisome in a down market bec... See more