The Ultimate SWIFT and Russia Sanctions explainer
You've probably been reading lots of people explaining SWIFT, but most explainers miss some key details like 👇
1. SWIFT is not a payment system.
SWIFT is a messaging system (like email) used by 11,000 banks in 200+ countries
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 🧵
Visa wants to give AI Agents "tokens" so they can pay without you ever seeing a checkout page.
Visa's CEO told investors this is their #1 priority.
Here's how it will work 👇
I JUST TRIED THIS AND OMG IT WORKS
Wow.
Wow.
Wow
I'm sorry, I try to stay away from hyperbole I really really do.
But lets face it everyone when making a website uses a few other sites as inspo.
This is that but 100x faster.
this AI is incredible..
Gamma AI now can clone any website in mins and.. you just need to copy & paste the link, no coding needed
step by step tutorial:
Look, the vision is amazing. But the execution right now:
- 67 seconds to grab water
- 5 minutes to load 3 dishes
- Physically cannot close the dishwasher door smoothly
- Can't go outside, can't get wet, can't cook
Stablecoins aren't cheaper; they're better
The mistake is comparing card fees to crypto network fees.
This is Apples-to-oranges (see table).
Stablecoins are now over $200bn.
Here's how they make payments better. 🧵
Guess what, Fintech Nerds? I got a new job.
I'm joining Tempo, the payments-focused L1 blockchain incubated by Stripe and Paradigm.
I’m moving to an advisor role with Sardine (💙)to focus on @tempo as my full-time day job.
(And yes, I’ll still be doing Brainfood, Nerdcon, and
Rumor doing the rounds: "Cursor does $0.10 of revenue for every $1 of cost"
That could be way off, but if it's even half-way true, wow, are we in for an AI-bubble reckoning at some point.
(not substantiated, I'm just some guy on the internet, DYOR)
