The conditions are right for banking as a service (BaaS) to explode in the next few years.
What will that look like? And what will happen next?
I don't know, but here are 9 questions that are shaping my thinking on the future of BaaS.
newsletter.fintechtakes.com/p/baas
Possibly controversial thesis:
We've figured out all of the possible basic designs for stablecoins. There are only really three:
1. Fiat-backed (USDC, USDT...)
2. Crypto-backed overcollateralized (DAI, MIM...)
3. Crypto-backed undercollat/algo (FRAX, UST, TITAN, ESD, DSD...)
What is it about the most "decentralized" communities that makes them most prone to centralized cults of personality 🧐
Whether it's Do or Dani, Tetra or Hsaka... Can't seem to get away from human nature
N.B. am sitting salty on the LUNA sidelines 💦
1/ Earlier this week, @Coinbase launched a web3 browser built directly into its main mobile app, powered by MPC tech that eliminates the need for you to manage your own keys.
🧵🧵🧵Here's why it's a big deal. ⬇️⬇️⬇️
As the World Bank economist for M’sia, I get to weigh in on, um, weighty issues such as the economy; geo-econ-politics; climate change etc.
But 2day, I want to spotlight something that doesn't get much attn yet affects EVERY Malaysian
And that is fragmentation of govt programs