On-Chain Accounts

financial pow

2026-07-02 02:02:01

After Banks: The Four Migrations of Financial Power from Neobanks to On-Chain Accounts

Over the past two decades, financial power has undergone four key shifts: from traditional bank licenses to user-facing platforms (first-generation Neobanks), then to payment and clearing networks (Visa, Wise), followed by stablecoin-driven global digital dollar systems (USDT, USDC), and finally to user-controlled on-chain accounts (MetaMask, Gnosis Pay). The core thesis is that banking functions are being unbundled, and financial sovereignty is returning from institutions to individuals.

1940

financial pow

2026-07-01 13:01:33

After Banks: The Great Financial Power Migration – Four Shifts from Bank Licenses to Self-Custodial On-Chain Accounts

Over the past two decades, the locus of financial power has migrated through four distinct phases: from traditional bank licenses to user-facing neobanks, then to payment and clearing networks (Visa, Wise), followed by stablecoin-driven global digital dollar systems (USDT, USDC), and finally to self-custodial on-chain accounts (MetaMask, Gnosis Pay). The core thesis is that banking functions are being progressively unbundled, with financial sovereignty reverting from institutions back to individuals.

1970

Neobank

2026-07-01 10:01:44

Four Shifts in Financial Power: From Neobanks to Self-Custodial On-Chain Accounts

This article outlines four major shifts in financial power over the past two decades: from traditional bank licenses to user-facing Neobanks, then to payment and settlement networks (Visa, Wise), followed by stablecoin-driven digital dollar systems (USDT, USDC), and finally to user-controlled on-chain accounts (MetaMask, Gnosis Pay). The core thesis is that banking functions are being continuously unbundled, and financial sovereignty is transitioning from institutions back to individuals.

1950

financial pow

2026-07-01 09:01:43

After Banks: Neobank and the Great Migration of Financial Power—From Licenses to Self-Custodial Accounts

This article outlines four phases of financial power migration over the past two decades: from traditional bank licenses to user-facing neobanks, then to payment/clearing networks (Visa, Wise), followed by stablecoin-driven digital dollar systems (USDT, USDC), and finally toward self-custodial on-chain accounts (MetaMask, Gnosis Pay). The core thesis is that banking functions are being unbundled, and financial sovereignty is shifting from institutions back to individuals.

1900

financial pow

2026-07-01 08:31:33

Financial Power's Four Migrations: From Banking Licenses to Self-Custodial On-Chain Accounts

This article outlines four key shifts in financial power over the past two decades: from traditional banking licenses to user-facing Neobanks, then to payment and clearing networks (Visa, Wise), followed by stablecoin-driven global digital dollar systems (USDT, USDC), and finally to user-controlled on-chain accounts (MetaMask, Gnosis Pay). The core thesis is that banking functions are being continuously unbundled, returning financial sovereignty from institutions to individuals.

1960