I went straight to user personas and probably spent too long there.
Start by clarifying the target user and corridor, then structure your answer around user needs, product solution, and business viability. Emphasize Coinbase's strengths in crypto and compliance while addressing remittance-specific challenges like speed, cost, and local regulations.
Pro tip: Anchor your answer in a specific high-volume corridor (e.g., US-Mexico or UAE-India) to make trade-offs concrete, and proactively discuss regulatory and liquidity constraints—showing you understand the real-world complexity beyond the tech.
Ask clarifying questions to define target corridor, user segment (e.g., migrant workers), and success metrics (e.g., cost reduction, speed, adoption).
Map the current remittance journey, identifying friction like high fees, slow settlement, and limited access to banking.
Outline core features: stablecoin rails for settlement, local on/off-ramps, wallet integration, and a simple UX for senders and recipients.
Detail compliance (KYC/AML), licensing, partnerships with local exchanges, and liquidity management for fiat conversion.
Propose a phased rollout, acquisition channels (e.g., partnerships with employers), and KPIs like transaction volume, cost per transfer, and retention.
AI-generated suggestions, not part of the candidate's original notes. May be inaccurate — verify before relying on them.