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Simon Taylor Profile picture
@sytaylor
Nov 11 • 1 tweets • 1 min read • Read on X
SoFi just became the first nationally chartered US bank to launch in-app Crypto trading directly.

The company launched Bitcoin/Ethereum/Solana trading TODAY.

They're calling "bank-level confidence" their competitive edge.

Here's what's happening.

---

They're planning a SoFi USD stablecoin by mid-2026.

And they've had Lightning Network remittances live with Lightspark since August.

This is a remittances strategy that happens to use Bitcoin rails.

---

SoFi's Bet

They're attacking the $740 billion global remittance market.

The Lightspark Lightning partnership went live in August for Mexico transfers.

That's the real product. Bitcoin trading is the complement, not the core.

Send dollars, recipient gets pesos. Bitcoin is the plumbing, not the product.

Lightspark's UMA handles the complexity. Users never touch Bitcoin.

---

SoFi has something unique: a banking charter and 12.6 million users who trust it with checking, loans, and investments.

60% of SoFi members who own crypto prefer holding it with a licensed bank versus exchanges.

That's a lesson for *all banks*

(Note, PNC and a few others offer "buy/sell/hold through partnerships)

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More from @sytaylor

Simon Taylor Profile picture
Dec 23
🚨 JUST IN: @Shift4 just launched stablecoin settlement for hundreds of thousands of merchants.

Merchants can get paid in USDC, USDT, EURC, or DAI 24/7

Instead of waiting for bank transfers - OR paying a fee (like 1%) for an advance.

Here's why it matters 🧵 Image
Shift 4 is a major PSP.

- They process billions of transactions a year.
- $200B+ in payment volume.
- Segments like restaurants, hotels, stadiums, retail.

Not all of those merchants are familiar with stablecoins.

But the ability to get paid faster will make many of them curious.

And that expands the TAM of stablecoins.
Why stablecoins for merchant settlement?

Right now, if you're a merchant and you want your money faster than the standard 2-3 day window, you pay for it.

Square charges 1-1.5% for instant payouts.

PayPal has similar fees.

Everyone does.

Stablecoins settle in seconds. Around the clock. Weekends and holidays included.
Read 6 tweets
Simon Taylor Profile picture
Dec 21
The State of Fintech 2026:

Nubank: 127m customers
Klarna: 114m
Revolut: 65m

A handful of companies now have more users than most countries have people.

We've entered the Age of the Fintech Hyperscaler.

🧵 What I learned writing the annual report with @jevgenijs Image
AI assisted 1 in 6 purchases this Black Friday.

It showed in the data for the first time.

But here's the uncomfortable truth:

Almost no fintech has an industry-specific foundation model driving earnings.

Stripe is the only example I found.

The rest is still vibes.Image
Image
Stablecoins found product-market fit.

Not as "bank killers."

As cross-border rails and corporate treasury tools.

The use case that won: payouts and pay-ins for businesses tired of correspondent banking.

Boring? Yes. Working? Also yes. Image
Read 10 tweets
Simon Taylor Profile picture
Nov 21
Huge moment for Agentic Commerce.

EMVCo (the technical body behind Visa, Mastercard, Amex) is creating global standards for "agentic payments."

This is the biggest change in card payments since "tap to pay"

Here's how it works 🧵 Image
Right now, AI agents are phenomenal at finding things to buy.

- Power users are starting to default to their research
- Can compare complex options and summarize
- And when people click through conversion is 2x to 5x higher

But...
There's no agreed way for payment to happen

- There's countless protocols
- x402 for agents accessing other tools
- ACP and A2P from Open AI and Google
- Visa and Mastercard have their own approaches
Read 11 tweets
Simon Taylor Profile picture
Nov 12
JPMorgan clients can now swap JPMD for USDC on Base.

That sentence should break the internet.

JP Morgan payments moves $ trillions PER DAY

It dwarfs the entire stablecoin industry.

This is how 1000x more dollars go onchain 🧵Image
Picture the actual flow:

- A JPMorgan institutional client holds JPMD (bank deposit token).
- They need to transact with a Coinbase customer holding USDC (stablecoin).

A corporation could

1. Move JPM Coin from JPM closed loop to Base
2. Swap JPM Coin for USDC
3. Receive USDC in their base wallet
4. Send that USDC to a 3rd party, or swap it for another bank deposit token
This is the baby step towards going open loop.

Banks have tokenized deposits in closed loop

- Citi
- HSBC
- Deutsche
- JP Morgan

But now those walls have doors that open onto public blockchain rails.

Base becomes the trading floor where closed systems meet open ones.
Read 8 tweets
Simon Taylor Profile picture
Oct 8
Biggest story in stablecoins nobody noticed

Alipay, the mobile payments wallet with 1 billion users, will launch a EURO Stablecoin BREUR, to the European market

They're only the second to be listed by the European Regulator ESMA.

This is HUGE for reasons you're missing 🧵
Alipay has over 1 billion active consumers

It is a digital wallet and "superapp" for online and in-store payments

Also does financial services like investments and wealth management.

Why are they so early to Euro stables?
Here's what everyone missed

Alipay went live with tokenized FX between EUR, GBP and USD at

- HSBC
- Citi
- JP Morgan

They're pushing their banks hard

And they have their own blockchain Ant Chain
Read 5 tweets
Simon Taylor Profile picture
Oct 6
Stablecoins solve a bottleneck in the internet economy.

20th-century money is too slow, expensive, and infrequent for the demand of internet-scale payments.

This is a pattern that repeats in history.

🧵 Image
1. The Industrial Revolution

- The Royal Mint couldn't create coins fast enough
- The shortage led to widespread counterfeits
- The new wage economy demanded more coins
- So factories with high quality machinery made their own

The Royal Mint accepted this before eventually USING that technology themselves 50 years later
2. The Railroad Boom

- The centralized banking system couldn't provide local capital
- Delaying western expansion and railroad build out
- States passed "free banking" laws
- Local banks set up with reserves at the state

This was tolerated until the 1860s where national charters and centralized money printing and control
Read 6 tweets

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