🔮 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.

🔮 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

🔮 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.

⚖️ 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?

🎬 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.