Fintech is Easy

936 posts

Fintech is Easy

Fintech is Easy

@fintechiseasy

Fintech is easy, you just have decided to do it without a duty of care

Katılım Ocak 2024
40 Takip Edilen884 Takipçiler
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Fintech is Easy
Fintech is Easy@fintechiseasy·
You can read this and more here 👇🏾fintechiseasy.com/p/2026 Please read, share, RT, and engage on what you think will happen this year.
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Fintech is Easy
Fintech is Easy@fintechiseasy·
Who is at stripe sessions.
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Fintech is Easy@fintechiseasy·
🚨: Mercury has secured its banking licence.
immad@immad

1/ Today @Mercury received conditional approval from the OCC to establish Mercury Bank, N.A. I started Mercury in 2017 to build the bank I wish had existed as a founder. Nearly a decade later, we’re getting there. 🧵

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Fintech is Easy retweetledi
Omar
Omar@TheOneandOmsy·
Western Union $WU (~5.5x '26E) dropping the latest on their stablecoin plans yday after earnings: > Offramp network launching next week: will let users offramp stables -> fiat via WU locations > Stablecoin (USDPT on @solana ) launching this q, will initially be used by their treasury team to pay their agent locations (~$500m stuck in pre-funding daily) > Stablecoin card (h/t @raincards) for consumers to spend remittances w/out off-ramping to local cash Markets continue pricing WU as if it's going to die. And fwiw it likely will. BUT the stablecoin business represents their best shot at salvation, letting them leverage their licenses, brand, physical locations, and flows across segments to audible the business into a modern digital pmts co Think if we see any uptake here, it reprices or you start seeing serious acquisition discussions (i.e. @circle makes a bid, rolls it in w/ Arc and routes all the flows from merchants and consumers across their new pmts chain) (Disclaimer: own long-dated calls in case they pull-it off, views are my own and not those of Dragonfly)
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Omar@TheOneandOmsy

Western Union $WU outlining the 4 pillars of their stablecoin strategy at UBS: 1) Unlock trapped capital: have "hundreds of millions" stuck across banking system to enable real-time pmts. Moving to stables frees up the $, eliminates ~2 day tie up via correspondent banking, delivers cap light real time-settlement on ~$500m/day + captures current forgone interest 2) DAN network: partnered w/ 4 providers for on/offramps going live in H1 '26. (customers will be able to send / receive stables + on/ offramp in person) 3) Stablecoin card (h/t @raincards): allows customers in high inflation countries to spend stable balances directly without ever having to offramp to local cash 4) Issuing own Stablecoin on @solana: as one of the largest remittance providers want to control economics, compliance, and distribution + grow beyond leveraging their brand Imo commercial elements in place for this to be a banger transition for a company that is effectively doomed otherwise. Market has it priced for death at 4x LTM PE. Entirely an execution story with compelling upside if they pull it off. Will be fun to watch

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