Banks and fintechs recognize onchain disruption, Sandeep Nailwal argues

Banks and fintechs recognize onchain disruption, Sandeep Nailwal argues
Onchain rails set to disrupt finance

Sandeep Nailwal, CEO at Polygon Foundation, argues that banks and fintechs are already aware of the growing influence of onchain rails on the traditional financial system.

Nailwal suggests that selling stablecoins to these institutions is no longer necessary, as they have anticipated the shift toward blockchain-based infrastructure for some time.

Nailwal previously reported that over $5.80 billion in transactions were processed on more than 50 Polygon payment apps in Q1. He also announced that the BFI Impact fellowship cohort has begun fieldwork with grant and infrastructure support. These actions reflect ongoing initiatives led by the Polygon Foundation CEO.

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