🔮 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.
— Abhay 🇸🇬🇮🇳 (@Abhay08)
Aug 2, 2025
⚖️ 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?
— Abhay 🇸🇬🇮🇳 (@Abhay08)
Aug 2, 2025
🏦 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.
— Abhay 🇸🇬🇮🇳 (@Abhay08)
Aug 2, 2025
🌍 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.
— Abhay 🇸🇬🇮🇳 (@Abhay08)
Aug 2, 2025
💰 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
— Abhay 🇸🇬🇮🇳 (@Abhay08)
Aug 2, 2025
⚡ 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.
— Abhay 🇸🇬🇮🇳 (@Abhay08)
Aug 2, 2025
🇪🇺 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— Abhay 🇸🇬🇮🇳 (@Abhay08)
Aug 2, 2025
📊 THE NUMBERS DON’T LIE: JPM claims $50M in fraud losses from aggregators. Sounds scary until you realize they made $49B in H1 2025 revenue. That’s 0.05% of their income. Meanwhile, they’re charging fees that could generate $300M annually from Plaid alone.
— Abhay 🇸🇬🇮🇳 (@Abhay08)
Aug 2, 2025
🚨 JPMorgan just exposed the real threat to traditional banking. While Europe treats customer data as free under PSD2, JPM is charging aggregators like Plaid $1.50 per authorization + $0.05-0.20 per data request. This isn’t about infrastructure costs—it’s about survival.
— Abhay 🇸🇬🇮🇳 (@Abhay08)
Aug 2, 2025
https://t.co/7YQKP9bcpg @jas_shah
Excellent breakdown of how there is going to be a reset in ‘value capture’ in payment space.
Why JPM’s “data tax” is really about protecting $49B in interchange revenue from the stablecoin revolution brought by Genius Act— Abhay 🇸🇬🇮🇳 (@Abhay08)
Aug 2, 2025