1/ Money20/20 takeaway: blockchain is global, payments are local.🧵
Moving value on-chain is no longer the hard part. Getting it into a local bank account or wallet, in the right currency, through the right payment method is.
2/ Every corridor has its own rails, rules and preferred payment methods. A connectivity layer is critical if money is going to move across many of them without a custom integration for each one.
3/ Stablecoin infrastructure components exist today. But the end-to-end experience still isn’t good enough for mainstream adoption.
Fixing the last mile is the highest priority for the industry right now.
4/ And the problem compounds. As stablecoin use cases expand to more countries, fragmentation grows. Payouts into hard-to-serve corridors get harder, and there is no quick patch for it.
5/ That’s the gap we’re building for at Meld: one integration connecting crypto to the local payment methods people actually use.
Great conversations this week with Sanjib Kalita, and many other people who has hit the floor.
Moving value on-chain is no longer the hard part. Getting it into a local bank account or wallet, in the right currency, through the right payment method is.
2/ Every corridor has its own rails, rules and preferred payment methods. A connectivity layer is critical if money is going to move across many of them without a custom integration for each one.
3/ Stablecoin infrastructure components exist today. But the end-to-end experience still isn’t good enough for mainstream adoption.
Fixing the last mile is the highest priority for the industry right now.
4/ And the problem compounds. As stablecoin use cases expand to more countries, fragmentation grows. Payouts into hard-to-serve corridors get harder, and there is no quick patch for it.
5/ That’s the gap we’re building for at Meld: one integration connecting crypto to the local payment methods people actually use.
Great conversations this week with Sanjib Kalita, and many other people who has hit the floor.
