Fintech and Crypto Commentary from Simon Taylor
Visa and Mastercard agree to $38 billion settlement over swipe fees, Simon Taylor confirms
Simon Taylor, co-founder at 11:FS, reports that Visa and Mastercard have settled a 20-year lawsuit regarding swipe fees. The preliminary agreement, approved by a Brooklyn judge, involves a $38 ...
Simon Taylor: Tokenized deposits stay in banks while stablecoins are meant for movement
Simon Taylor, co-founder at 11:FS, compares tokenized deposits and stablecoins, outlining key differences. According to Taylor, tokenized deposits represent money that remains within banks and ...
JPMorgan, Citi, Bank of America and Wells Fargo will use shared blockchain for deposits, Simon Taylor notes
Simon Taylor, co-founder at 11:FS, reports that JPMorgan, Citi, Bank of America, and Wells Fargo are collaborating to build a shared blockchain aimed at keeping deposits within the U.S. banking ...
Simon Taylor: Stablecoins are accessible solutions for both individuals and banks
Simon Taylor, co-founder at 11:FS, states that stablecoins are intended for broad use, including by banks. Taylor highlights that stablecoins serve a wide audience and not just individual ...
Jamie Dimon calls Brian Armstrong full of sh!t over stablecoins, Simon Taylor notes
Simon Taylor, co-founder at 11:FS, comments on a recent Fox interview where Jamie Dimon called Brian Armstrong "full of sh!t" regarding stablecoins. Taylor highlights how Dimon, CEO of America's ...
Simon Taylor: New payments model enables 24/7 TradFi transactions and addresses stablecoin parity to USD
Simon Taylor, co-founder at 11:FS, highlights two key advancements from a new payments approach. Taylor explains that it enables traditional finance payments to operate 24/7 globally, ...
Majority of stablecoins tied to dollars may shape remittance trends, Simon Taylor notes
Simon Taylor, co-founder at 11:FS, raises critical questions about stablecoins in a recent podcast episode. Taylor notes that 99% of stablecoins are backed by dollars and asks whether this ...
Simon Taylor: ECB rejects proposals to ease euro stablecoin rules
Simon Taylor, co-founder at 11:FS, reports that the European Central Bank (ECB) has rejected proposals aimed at making it easier for euro stablecoin issuers to operate. According to Taylor, ...
Bank of England considers changing stablecoin reserve plan and holding limits, Simon Taylor notes
Simon Taylor, co-founder at 11:FS, reports that the Bank of England is reconsidering its approach to stablecoin reserve requirements. The original framework would have required issuers to hold 40% ...
Simon Taylor: Review of 869 fintech companies tracked over past 5 years
Simon Taylor, co-founder at 11:FS, reflects on his experience covering 869 companies in his Fintech Brainfood newsletter over the past 5 years. He indicates an intention to analyze how these ...
Firms maximize token use differently, Simon Taylor notes
Simon Taylor, co-founder at 11:FS, explores the varied interpretations of tokenmaxxing in the digital asset space. He highlights that while burning tokens is one method, maximizing tokens for ...
Simon Taylor: Stablecoins not better solely because of lower fees
Simon Taylor, co-founder at 11:FS, challenges the common belief that stablecoins are superior simply due to having lower fees. He describes this perspective as an obvious but incorrect view. ...
Meta launches stablecoin payouts and Lightspark debuts global dollar account, Simon Taylor notes
Simon Taylor, co-founder at 11:FS, comments on recent developments in the digital asset space. Meta has announced stablecoin payouts, coinciding with Lightspark's launch of its Global Dollar ...
Simon Taylor: CLARITY Act compromise sets new standards for stablecoin yields
Simon Taylor, co-founder at 11:FS, reports that a compromise has been reached on stablecoin yields under the CLARITY Act. Taylor highlights that the CLARITY Act, according to Coinbase, will make ...
Meta moves into stablecoins and global accounts, Simon Taylor notes
Simon Taylor, co-founder at 11:FS, highlights recent advances in stablecoins by Meta as well as Lightspark's announcement of grid global accounts. Taylor announced that David Marcus, former CEO ...
Simon Taylor: Hype fades, enterprise stablecoin adoption grows
Simon Taylor, co-founder at 11:FS, discussed stablecoins in a session with other industry experts at a Stripe event attended by bankers. Taylor observed that as hype around crypto and ...
Building fintech programs onchain is possible with virtual addresses, Simon Taylor notes
Simon Taylor, Co-Founder at 11:FS, highlights that virtual addresses now allow developers to build fintech programs directly onchain using stablecoins. According to Taylor, this removes the need ...
Simon Taylor: Revolut targets $200B IPO valuation by 2028
Simon Taylor, Co-Founder at 11:FS, reports that Revolut is targeting a $200B IPO by 2028, up from its current $75B valuation. Taylor highlights that the company already trades at a high software ...
Plaid posts $500 million ARR and sees strong new product growth, Simon Taylor notes
Simon Taylor, Co-Founder at 11:FS, reported that Plaid has reached $500 million in annual recurring revenue (ARR), delivering 40 percent growth while achieving profitability. According to Taylor, ...
Simon Taylor: Coinbase offers yield-bearing stablecoins and deposits are not displaced
Coinbase is currently offering yield-bearing stablecoins and finds that deposits remain unaffected, according to Simon Taylor. The tweet directly addresses an ongoing debate about the impact of ...
Automating expenses across multiple Gmail accounts with Ramp, Simon Taylor notes
Simon Taylor reports that Claude has automated his expense management process by scanning five Gmail accounts and submitting receipts and memos directly to Ramp. Taylor notes that a weekly ...
