In the future, every app will have an embedded wallet

It's just an easier, lower-cost way to send and receive payments online (especially as stablecoins grow in prevalence)

Doubly true for tools that let anyone, anywhere build and sell products. Eg a 16yo vibe codes a cool app that people around the world are willing to pay $3/month for? Far easier to spin up a wallet than navigate the financial sausage of current international payments + banking

Investing @variant, writing at https://backoftheenvelope.substack.com/

ok maybe, but do you *want* this future?

on the current path, we'd be left with
- a wallet in every app
- our money fragmented across those wallets
- lack of control over those wallets (since most companies aren't prioritizing private key export)

from a user POV, this seems like a nightmare

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have you actually used turnkey?

i'm a happy turnkey customer, and it does help us give every /presto agent a wallet, but it *does not* solve the problems you're claiming it solves

turnkey lets us provision wallets via api, but the onus is the product builder to choose
1. whether to expose keys to the user
2. how to do that effectively

as a result, most companies just don’t do that - they create the same lock in as any web2 fintech app wallet bc "growth is more important"

are you telling me that you want one wallet for farcaster, one wallet for instagram, one wallet for target, one wallet for starbucks, and your money spread across all of them?

that doesn't sounds great...

I don’t think the last two are necessarily true - eg products like Turnkey help avoid both issues you mentioned

I do think it’s a desirable world where anyone, anywhere can get paid easily on the internet