Peter Thiel breathed a sigh of relief after listening to Zhou Xin's statement, "That's good, I'll reject Bernard after I go back."

He may be fine, he may be a good person, but we can't take that risk.

We are the defenders, not the chasers, in the field of electronic payments, and our market share, number of payments, user activity, transaction amount, etc., are much more than other electronic payment companies combined by two.

So we just need to do our own thing. ”

Zhou Xin saw that Madoff couldn't fool Peter Thiel, and he was a little disappointed: You can't do it, you can't seize the opportunity I give you.

"If the yield exceeds 6%, there will be a question mark, if it exceeds 8%, it will be very dangerous, and if it is more than 10%, it will be prepared to lose all the principal."

This is a summary of the discussion after experiencing several financial crises and various financial frauds, and at present, because of Buffett's dazzling record, the benefits of Madoff's financial products are not so exaggerated.

The reason why he will be unanimously suspected by Peter Thiel, Bill Gates and others is because his underlying assets are not transparent enough, and the outside world has no idea what he has done.

In an interview, Madoff said that he had hedged stocks and indices to achieve stable high returns, but when it came to specific hedging operations, Madoff avoided talking about it on the grounds of trade secrets.

High returns are not the point of suspicion, but high opacity is the point of doubt.

Zhou Xin thought that since Peter was here, he took the opportunity to put forward the idea of Huabei: "NewPay is the software with the highest proportion of online payment, and I just said that the competitors together are not enough for us to fight."

NewPay's advantages are not only in online payment, but also in the proportion of offline electronic payment.

Can we offer credit card-like services to our customers?

It's the equivalent of going to grab VISA. ”

Because Ameriken has a very strong credit card system, it is impossible for a business like Huabei to reach the scale of Huaguo at Ameriken, and it is at best a supplement to the business.

Peter Thiel said: "I think it can be tried, because individual customers are very difficult to manage, so we need to build a strong risk control system.

It is equivalent to another big step on the road of financial institutions.

However, because NewPay's user base is here, I am not worried about being able to make a profit. ”

Ameriken is not like an official agency such as the People's Bank of China to be responsible for personal credit, their credit system is more perfect, and the data is more scattered, there are three large institutions for personal credit alone, and there are even more scattered ones.

The essence of Huabei is personal loan business, which requires a lot of big data analysis and the need to build a strong technical middle platform.

In the past, NewPay's business focus was on information security and application construction, and Zhou Xin chatted with Peter this time, which also had the meaning of transformation.

NewPay refused, and Peter Thiel insisted that he didn't want to work with us.

I also inquired that it has indeed been a long time since Newman returned to China, and Warren Jensen, as his plenipotentiary, has been silent recently.

And Peter Thiel has been the CEO of NewPay since the founding of NewPay, and it is unrealistic to replace him or force the board of directors to push him on such a trivial matter.

We need to think about new partners. Peter said.

This Peter is Madoff's younger brother, Peter Madoff, and one of the core participants in his Ponzi scheme.

Madoff felt a little headache, because changing the partner would have a great impact on them, and the effect of switching to other electronic payment platforms was limited, and cooperating with channels such as banks was smashing his own golden signboard for him. 、

As Madoff smoked a cigar, Peter said, "The good news is that we heard that we're talking about a partnership with NewPay.

So the trustee came over there and asked, can we cooperate?

In addition to this, there are several other electronic payment institutions that are looking for us. ”

Madoff said: "Let's think about it, this matter is not urgent, we are the only one in the market that can provide a stable yield of more than 10%, we don't have to be in such a hurry." ”

Unfortunately, because the OCIE-led fraud investigation caused a run on Madoff, he would face the risk of a run if he didn't find money to maintain the liquidity of this Ponzi scheme.

OCIE, the compliance inspection office under the Amerikan Securities and Exchange Commission, led to the investigation because of the insistence of Lightford, an OCIE lawyer, which also shook the confidence of Madoff's supporters, and there was a small run.

And now it is the end of 2004, and Madoff's wealth management products are paid dividends in February every year, which means that the day of dividends is not far away.

Considering that it will take time for Madoff's financial products to be put on sale, he must make a decision now, otherwise by the time of the February dividend, he will not only go bankrupt, but the Ponzi scheme will be exposed.

"You seem to be in a good mood." Musk said when he saw that Shulman, who had been troubled by Yu Bao before, was in good spirits.

Schulman laughs, "Because I found an opportunity to catch up with NewPay."

Madoff, Bernard Madoff promised to work with us and their products will be available on sale. ”

Considering that Musk, who has been active in Silicon Valley all the year round, may not know Madoff, Schulman introduced Madoff's brilliant record and the income of Madoff's financial products to the other party in detail.

Musk raised an eyebrow and said, "Sounds great, but if I were a user, I would be attracted too."

But I have a question, why don't they look for NewPay and come to us instead of cooperating?

Such a good product, such a famous person, when they are looking for a partner, they should know a lot about the field of electronic payment, NewPay has a lot more users than us. ”

Schulman explained: "Because NewPay refused, they approached us, and we're the number two company, aren't we? ”

Musk said: "Okay, even though I feel something is wrong. ”

Schulman hid part of the information, and he knew why NewPay refused because there was a possible problem with Madoff.

Schulman also suspected that there was a problem with Madoff and his products, but due to his past success, Schulman did not expect Madoff's problems to explode in a short period of time.

To be precise, Schulman only needs Madoff's financial products to not explode during his tenure as CEO, and when he leaves to serve as an executive in other companies with a brilliant record of catching up with NewPay, Madoff's Ray can explode as much as he wants.

(End of chapter)