RE: Jesus its quiet here...21 Apr 2020 14:49
Hi JonnyE
Let me expand on that, gold backed Tally isnt a problem - the problem is the whole gold gold gold mantra, everyone is talking about Gold which itself is diminishing Tally. That what I was trying to explain. Tally cant and should not get involved in explaining gold or its dynamics to customers, and they are not - its only on this board. Hopefully t hat would die down.
As for your Fiat going up, well its not absolute and cant be for all customers, some will go down some will go up - so trying to play on something which isnt absolute USP for customer will invariably leave company with very annoyed customers and customers these days in view (having worked in retail and healthcare retail) can be extremely difficult - that's me being polite. So Fiat going up cant be sold as product feature.
Finally, you and I dont make up customers at all. I dont have a single financial app, I like to enjoy life. You are more tech oriented you have many. We both are investors and we already have different preferences, I am not using Tally App and wont until cross-border function becomes available - That only if we dont have a competitor by then with a better transfer rate, or indeed TransferWise could be even cheaper then - point is you just wont know my circumstances on the day and neither do I.
Our customers are 100% of British Public.
Their spending profile will come from real data which has to be bought in order to Target them - yet bigger sets are understood and remain clear - majority do not have that much spendable disposable income and fewer will have going forward.
So there's plenty of scope of Tally if people can just stop going on about Gold