Abhay Bhat

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Abhay Bhat

Category: Twitter Page 1 of 71

PyTorch in One Hour: From Tensors to Training Neural Networks on Multiple GPUs https://t.co/tVY8ZKCBuR

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On August 2, 2025

In Twitter


Thanks @jas_shah for your detailed blog, which made me share my views on how genius act might be underlying factor for all of this.

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On August 2, 2025

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🎬 THE BOTTOM LINE: JPM’s “data tax” is a desperate attempt to preserve a $49B revenue stream in the face of blockchain-native payment rails that cost pennies. They’re not protecting consumers—they’re protecting profits. The future of payments is being decided right now.

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On August 2, 2025

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🔮 WHAT’S NEXT: Other major banks will likely follow JPM’s lead, potentially killing consumer-friendly fintech innovation. Meanwhile, stablecoins continue eating payments infrastructure from the bottom up. The question isn’t if, but when traditional rails become obsolete.

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On August 2, 2025

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⚖️ REGULATORY ARBITRAGE: While EU’s PSD2 mandates free data access, US banks exploit regulatory uncertainty. But consumers generate this data through their transactions—banks store it, they don’t own it. Just charge for storage right?

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On August 2, 2025

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🏦 DEFENSIVE STRATEGY: JPM sees billion-dollar businesses like Plaid, Cleo ($280M ARR), and CreditKarma ($7.1B acquisition) built on “their” data. Classic innovator’s dilemma—they’re trying to tax innovation instead of embracing it.

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On August 2, 2025

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🌍 GLOBAL CONTEXT: Cross-border remittances cost 6.35% using traditional rails vs 0.5-3% with stablecoins. Sending $200 US→Colombia: $12.13 traditional vs $0.01 stablecoin. The infrastructure disruption is already happening globally.

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On August 2, 2025

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💰 FOLLOW THE MONEY: Stripe now charges 1.5% for stablecoin payments vs 2.9% for cards. In 2024, stablecoins moved $15.6 trillion—matching Visa’s volume. For a grocery store with 1% margins, eliminating interchange fees could double net income for merchants

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On August 2, 2025

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⚡ THE STABLECOIN DISRUPTION: Here’s what really scares JPM. Traditional payments cost 1-3% in interchange fees. Stablecoin transactions? As low as $0.00025 on networks like Solana. That’s not a typo—we’re talking about 99.9% cost reduction.

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On August 2, 2025

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🇪🇺 vs 🇺🇸 TALE OF TWO SYSTEMS: •EU PSD2: Banks must provide data access “without compensation” •US approach: JPM charging per-transaction fees •Result: European fintech innovation thrives while US banks gatekeep their own customers’ data

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On August 2, 2025

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