I love neobanks and what they bring – but the deeper I dive into this business, the uglier it becomes (sometimes). My main source of income from is referrals. So I obviously have referral links from most crypto cards that have such programs. The ugly part is that many don't want to pay for the customers you bring. Just a few examples from the last few weeks: • Case 1: Company says they need a minimum of 10 activated cards per month to make the payout. • Case 2: Company says that they pay only if you have 3+ activated referrals and each spends at least $200 – for that, you get $50 (hahaha). • Case 3: They pay you a % of the total spend – but only for the first 3 months. The official website will never tell you this. It will always be written somewhere in the docs, sometimes nowhere at all. And this is very depressing. @stacy_muur mentioned several times that these days if crypto companies want to get users through paid channels, they HAVE to pay AT LEAST $50 per user who just passes the KYC. That's the benchmark. What we see is that people are so greedy (or their economy is not matching so much) that they are making it more and more challenging for referrers to earn money. There are a few exceptions like @ether_fi. But overall, Web3-native neobanks will not be competitive to players like @Revolut once they go all-in for acquisition.