Major fintechs are inevitably moving on-chain because the 10:1 cost savings become significant for institutions handling large volumes (10-100 million), making the friction of on-ramping no longer a barrier; this trend is already visible with companies like Stripe and Revolut expanding into crypto services.
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Will Every Fintech Eventually Move On-Chain? #ShortsAdded:
Tokenization, if you think about it, basically means everything right?
Everything that is a non-crypto asset, non-digital asset, and bringing on chain, which I think will be a major topic to continue because there's obviously think about housing, you think about [music] stocks, which is now they're getting tokenized, right?
It will, but I think it will go beyond that and it will be a bit more niche.
For example, FX trading like I mentioned. I think people will realize that even the leading FinTechs in FX remittance kind of business going on chain is inevitable. If you're dealing with retail clients, having a 10 to 1 kind of cost savings is fine. You might not move on chain for that reason with the friction that unfortunately we do see still with on-ramping. But if you're an institution moving 10 million, 100 million, a 1 to 10 cost saving is you can't ignore that anymore. And therefore, I think the leading FinTechs will also move into on-chain business as well. So we see Stripe with Tempo.
That will just continue. All of them.
Revolut is getting into crypto in a big way.
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