"You’re the taxi cab industry and Uber’s coming into town.”
summary
Claim that crypto adoption is inevitable and banks must proactively fix legacy frictions or face displacement by crypto platforms, using the taxi cab industry versus Uber analogy to urge operational and product overhaul. Advice includes negotiating regulatory and partnership deals quickly and calmly, with a concrete timing expectation of progress before Memorial Day. The concrete ask is modernize transaction rails, custody, and client onboarding to retain market share.
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