A more significant element of the banks' permission to custody cryptoassets regulation is that disruptor banks/fintechs have much greater legitimacy to offer products like a @CashApp while maintaining the FDIC assurances of trad accounts as the main offering. 1/7

When a brand looks to partner with a bank+card company, what features do they want their card and app to have? Look at the trouble @RobinhoodApp got into when they tried to do a money market.

Now, crypto can be part of any digital banking portfolio. 2/7

If you've got a crypto wallet API embedded under the 'Invest' tab of your niche fintech app, how hard would it be to enable lending in @compoundfinance @MakerDAO @AaveAave?

How hard would it be to add in a roboadvisor from @RariCapital? 3/7

What's really compelling about this is the B2B angle. Each of these integrations is another partnership, which results in more partitioning of transactions.

That is, everyone in the chain gets their small cut of whatever tx fees are imposed + network fees. 4/7

This creates a tougher road for high fees on @ethereum, but with bridging and wrapping tech like @renprotocol, fintechs will just use defi on @avalancheavax or @kava_labs or whoever gives you the best deal as a fintech shop. 5/7

Then because the partnership model is so critical to B2B deal bundling, expect to see @Mastercard and @Visa get into acquisition//preferred partner mode and dumping serious money into marketing. They gonna buy up defi shops.

That's the pathway to mass adoption through defi. 6/7

So it's cool to say "no thanks" to a bank holding #bitcoin for you, get your Twitter likes I won't hate.

But the significance of the OCC regs are far more than a bank being a crypto safety deposit box. 7/7