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Dan Elitzer
@delitzer
Will the next breakout crypto app (10M+ users) be built by crypto natives, web2 builders, or former tradfi-ers?
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Monteluna
@monteluna
Wife is currently in Barbados, and you cannot order hotel room service or a taxi without WhatsApp. Meta *has* to be planning a release of an L2 at this point. They can't just sit by with Coinbase raking in a ton of profits when they pretty much have the app ready to go. It's shockingly obvious that they're missing out here on one of the most clear business decisions on the planet. Regulators complained about them making a stablecoin bank, but they can completely circumvent this by integrating an L2 into WhatsApp. It would instantly onboard 3 billion people.
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Dan Elitzer
@delitzer
Interesting point! This poll definitely doesn’t cover the meaningful possibility of existing large companies getting involved I think the considerations for Meta in particular would be a lot harder though, as they have more of a political and regulatory spotlight on them globally than Coinbase does
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Monteluna
@monteluna
Well does Zuck got that dawg in him or not? They would instantly get a huge user market share, probably make money by amortizing L2 landing costs, and get payments data for 25% of the world. They integrate their L2 payments into Instagram and can complete the square in the ad loop by logging purchases with the ad view. The SEC already has the case against Consensys where they're trying to label them a money transmitter for showing RPC json connections. The difference here is Meta has a warchest and ammo.
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