The U.S. payment system is generally efficient, but there are inefficiencies in cross-border transactions that need to be addressed, particularly with real-time payment systems.

The current payment infrastructure is outdated, having been established in the 1970s, and needs to evolve to compete with modern blockchain capabilities.

The Bitcoin blockchain is more energy-efficient compared to traditional financial systems, enabling faster trade settlements and transactions.

The current regulatory framework is overly complex and ineffective, with multiple agencies responsible for different aspects of banking, leading to confusion and inefficiency.

The legal system is ripe for modernization through software, which could greatly enhance efficiency and organization.

We need to build systems that ensure the true singleness of money, which can be achieved through clearing houses, shared collateral, or regulations combined with well-tuned automated market makers.

Stripe aims to enhance existing financial systems rather than replace them, believing that integrating with current infrastructures creates more value than creating isolated solutions.

We need to transition advanced technology from the lab to the field quickly, but our current system is not designed for that speed.

We have a software crisis with legacy systems that are faltering, leading to massive outages that are consequential to the entire industry.