🎬 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.

🎬 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.

— Abhay 🇸🇬🇮🇳 (@Abhay08)
Aug 2, 2025

🎬 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.

🔮 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.

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.