@garrett

This is the best article I’ve seen that clearly articulates why crypto will eat finance. Here’s two excerpts that showcase clear problems that crypto solves: “Venmo needed five banking partners, state-by-state licenses across 49 US jurisdictions, and middleware connecting to over 12,000 financial institutions. It still only works in one country. Forty-two percent of C-suite time at major banks goes to regulatory activity. Employee hours devoted to compliance grew 61% between 2016 and 2023. Banks are not financial services companies that happen to do compliance. They are compliance companies that happen to do financial services.” https://x.com/nlevine19/status/2025570219821818004?s=46&t=LNZpH03544B952EdXOUs2w

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