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ac

a16z crypto Cast

05/24/25

@ a16z crypto

The financial system is regressive, with high fees disproportionately affecting smaller businesses and consumers, while larger corporations negotiate lower rates.

Video

ac

Crypto’s Killer App? Why Everyone’s Really Into Stablecoins Right Now

@ a16z crypto

Crypto’s Killer App? Why Everyone’s Really Into Stablecoins Right Now

05/24/25

Related Takeaways

ac

a16z crypto Cast

05/24/25

@ a16z crypto

The current financial institutions profit from various fees, including withdrawal fees, which can lead to consumers receiving a poor deal overall.

ac

a16z crypto Cast

05/24/25

@ a16z crypto

The internet has effectively removed intermediaries in many sectors, but the payments and finance sectors remain dominated by traditional systems like Visa, which extract significant fees.

AY

Anatoly Yakovenko

06/13/25

@ a16z crypto

My hope is that service fees in finance decrease significantly, as the goal should be to build systems that ultimately reduce user fees, rather than wasting time and resources.

ac

a16z crypto Cast

05/24/25

@ a16z crypto

The regulatory burden in fintech creates a barrier to entry, allowing established players to maintain high profits while new entrants struggle to compete.

JD

Jamie Dimon

03/08/25

@ Stanford Graduate School of Business

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

JD

Jamie Dimon

03/08/25

@ Stanford Graduate School of Business

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.

VT

Vlad Tenev

05/24/24

@ The Logan Bartlett Show

We aim to provide financial services that are typically available to wealthy individuals to everyone, leveraging technology to level the playing field.

EM

Elon Musk

05/17/23

@ AstraNova

The current financial system is inefficient, relying on a heterogeneous set of databases and batch processing, which could be improved with a more efficient, real-time data system.

DR

Danae Ringelmann

10/15/14

@ Y Combinator

Working in corporate finance made me realize how broken the finance system is, especially when I encountered filmmakers seeking funding but lacking the means to secure it.