1/ Money20/20 takeaway: blockchain is global, payments are local.🧵
Moving value on-chain is no longer the hard part. Getting it into a local bank account or wallet, in the right currency, through the right payment method is.
2/ Every corridor has its own rails, rules and preferred payment methods. A connectivity layer is critical if money is going to move across many of them without a custom integration for each one.
3/ Stablecoin infrastructure components exist today. But the end-to-end experience still isn’t good enough for mainstream adoption.
Fixing the last mile is the highest priority for the industry right now.
4/ And the problem compounds. As stablecoin use cases expand to more countries, fragmentation grows. Payouts into hard-to-serve corridors get harder, and there is no quick patch for it.
5/ That’s the gap we’re building for at Meld: one integration connecting crypto to the local payment methods people actually use.
Great conversations this week with Sanjib Kalita, and many other people who has hit the floor.
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