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The Fed Wire and the Future of Payment Systems
Banks are under stress right now. The banks that banks tech companies, okay, the banks that banks crypto companies,. I'm willing to bet you that where we see the next banks that are distressed are going to be like merchant banks that bank that companies are having to refinance their debt. And this is a multi year process that's playing out. Like fundamentally, there's some good in terms of just net interest margin for financial institutions.