article thumbnail

Chime, Uniswap, and the future of finance could soon struggle

Lex Sokolin

It doesn’t have an ILC charter from Utah, or a crypto bank charter from Wyoming, or a straight-up bank charter like Varo, nor has it acquired any banks like Lending Club or Jiko. PwC suggests that 70% of all such funding is pointless, falling apart either at the management, technology, or business process level. No shenanigans.

Capital 52