1/ Card networks have been the leading players in the payment world since the 1960s.

And have been constantly innovating through time.

But the emergence of new digital assets has fundamentally changed the game...

2/

Cards in circulation:

Visa: 3.5 billion
Mastercard: 2.3 billion

Global payments volume:

Visa: $11.4 trillion
Mastercard: $4.7 trillion

Although quite dominant, their powerful position is at stake due to the emergence of new financial paradigms.

Read 9 tweets

Blockworks

@Blockworks_

Dec 5, 2022

Vitalik published a new article on what excites him the most in the ETH ecosystem right now

Here’s what he said:

1. Money

Crypto offers several advantages in wealthy countries:

- Safety against de-platforming
- More convenient to make donations
- Represent private money in a cashless society

1.1 Stablecoins

Stablecoins issued on-chain have many convenient properties:

- Open for use by anyone
- Resistant to censorship
- Interact well with on-chain infrastructure (accounts, DEXes, etc).

Read 19 tweets

Blockworks

@Blockworks_

Dec 2, 2022

BCG estimates the tokenization of global illiquid assets to be a $16 trillion business opportunity by 2030

6 advantages of tokenization 👇

1/ Increased Efficiency

Utilizing blockchain technology removes the need for legacy middlemen, resulting in reduced settlement time and cost savings for issuance as well as other processes (i.e. corporate actions, and reconciliation).

2/ Reduced Cost

Automation, transparent record keeping, and reliance on public internet leads to significant reductions in cost, with blockchain reducing bond issuance costs by up to 90% while reducing fundraising costs by up to 40% compared to traditional private placement.

Read 9 tweets

Blockworks

@Blockworks_

Dec 1, 2022

How some of the world's most valuable clothing brands are betting on the metaverse 🧵

1/ Nike

- Acquired the NFT fashion producer RTFKT

- Filed several metaverse-related trademarks

- Created Nikeland, a shop in the metaverse Roblox

- Made over $185.34 million in NFT sales

2/ Gucci

- Opened a virtual Gucci Garden showroom

- Joined Superplastic and launched SuperGucci, unique CryptoJanky NFTs and ceramic creations

- Teamed with Roblox to exhibit Gucci handbags, hats, and sunglasses in avatars

- Filed several metaverse-related trademarks

Read 14 tweets

Blockworks

@Blockworks_

Nov 28, 2022

2022 The Year Institutions Evolved Into Crypto 🧵

1/ January

- CashApp offers lightning network access to users
- Twitter launches NFT integrations
- Robinhood starts crypto wallet testing

2/ February

- KPMG Canada adds BTC/ETH to balance sheet
- Twitter adds ETH tipping
- GameStop and ImmutableX launch a $100 million gaming fund
- ConocoPhillips launches Bitcoin mining operation
- BNY Mellon and Chainalysis to track & analyze crypto products

Read 24 tweets

Share this page!

Blockworks

People who liked this thread also liked...

Try unrolling a thread yourself!

More from @Blockworks_

Blockworks

Blockworks

Blockworks

Blockworks

Blockworks

Blockworks

Did Thread Reader help you today?

Don't want to be a Premium member but still want to support us?

Send Email!