🇪🇺 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

🇪🇺 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

🇪🇺 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

📊 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.

⚡ 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.