A visual representation of the new payment stack that circumvents CEXs, contrasted with what we’re used to in Western markets.
The novel stack combines Stripe’s distribution, licences, and banking relationships, Bridge’s on/off-ramp channels, and Privy’s embedded-wallet onboarding.
Going into a bit more depth than the visual:
--> Onboard to an app with Privy.
--> One-time KYC to minimise UX disruption.
--> Deposit (on-ramp) and withdraw (off-ramp) with Bridge inside the app.
--> Stripe provides a powerful banking network and distribution to merchants, fintechs, institutions, and more.
--> Stripe/Bridge licences grant access to cash accounts and payment rails.
I suspect the wider crypto-payments space will converge on this model.
The novel stack combines Stripe’s distribution, licences, and banking relationships, Bridge’s on/off-ramp channels, and Privy’s embedded-wallet onboarding.
Going into a bit more depth than the visual:
--> Onboard to an app with Privy.
--> One-time KYC to minimise UX disruption.
--> Deposit (on-ramp) and withdraw (off-ramp) with Bridge inside the app.
--> Stripe provides a powerful banking network and distribution to merchants, fintechs, institutions, and more.
--> Stripe/Bridge licences grant access to cash accounts and payment rails.
I suspect the wider crypto-payments space will converge on this model.
By the way, these thoughts were catalysed by the amazing @realitywarp.
See his original tweet below:
See his original tweet below:
https://x.com/realitywarp/status/1932907314937246128
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