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Alana Levin
Investing @variantfund | Prior: @BCG @Wharton
Btw this is loosely how credit card networks work today
12.8. klo 20.59
It's 2030
You're a merchant receiving payment from a customer. They pay with USDC on CircleChain but your payment termainl only receives StripeUSD on StripeChain.
But once you get StripeUSD, you want to transfer it to your account with Bank of America, so you need to transfer it to BofAUSD on BofAChain.
But wait, you go and pay your supplier. The problem is, they custody with JPMorgan. So then you need to get your BofAUSD on BofAChain to JPMorganUSD on JPMorganChain.
But JPMorganChain is permissioned, so you need to route it through a special intermediary... and so on
Is this the future we're headed toward?
2,21K
It's 2030
You're a merchant receiving payment from a customer. They pay with USDC on CircleChain but your payment termainl only receives StripeUSD on StripeChain.
But once you get StripeUSD, you want to transfer it to your account with Bank of America, so you need to transfer it to BofAUSD on BofAChain.
But wait, you go and pay your supplier. The problem is, they custody with JPMorgan. So then you need to get your BofAUSD on BofAChain to JPMorganUSD on JPMorganChain.
But JPMorganChain is permissioned, so you need to route it through a special intermediary... and so on
Is this the future we're headed toward?
11,84K
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