Many new banks are still using the old rails. They’re “winning” on opening up access to underserved clients (underserved for various reasons). Old rails = easy.
Stablecoin-native banking and financial services is the real 0->1. Hard. Which is why it will change the world.
I think in next 6ish months the market is going to catch up massively to the stablecoin banking opportunity and it’s going to no longer be viewed as this niche crypto card market. I’m biased in believing this but it’s one of the most under appreciated opportunities in all of tech