Funny to see the triggered responses to this tweet. Think it's because deep down, a lot of people built businesses that they know have no chance out-competing an incumbent with 60m MAU and global distribution
For the last # of years, the arbitrage was stitching together some APIs and building a company on the back of risk a regulated company couldn't stomach
But, that ship has now sailed with regulatory clarity. And people now have to compete on product. And the reality is, they were never any better. They just took more risk
So the easy thing to do is FUD Venmo's speeds (which are ~identical to Coinbase's on mainnet) and stable when they see the writing on the wall
But, the harsh part of all this is the outcome is pretty obvious. As Venmo adds more chains and integrates more coins, a bunch of mediocre businesses that masquerade as the future of finance are going to get destroyed
Venmo enabled external PYUSD transfers, can now send stables from the app to an external ETH address
> Shockingly good ux: abstracted gas, minimal fees (2c on a $10 transfer), and fast (~2 mins from send)
>> Grand convergence playing out, hard line between crypto and irl money being erased in real time
17,83 mil
104
El contenido de esta página lo proporcionan terceros. A menos que se indique lo contrario, OKX no es el autor de los artículos citados y no reclama ningún derecho de autor sobre los materiales. El contenido se proporciona únicamente con fines informativos y no representa las opiniones de OKX. No pretende ser un respaldo de ningún tipo y no debe ser considerado como un consejo de inversión o una solicitud para comprar o vender activos digitales. En la medida en que la IA generativa se utiliza para proporcionar resúmenes u otra información, dicho contenido generado por IA puede ser inexacto o incoherente. Lee el artículo vinculado para obtener más detalles e información. OKX no es responsable del contenido alojado en sitios de terceros. El holding de activos digitales, incluyendo stablecoins y NFT, implican un alto grado de riesgo y pueden fluctuar en gran medida. Debes considerar cuidadosamente si el trading o holding de activos digitales es adecuado para ti a la luz de tu situación financiera.