Marek Olszewski

Yeah.

But it turns out that the amounts that they have already are sufficient to do on-chain effects on Celo.

We should talk about on-chain effects as well because it's...

It's a quadrillion annual, I think 3.2 quadrillion market annually.

So it's like a huge market.

FX is, of course, but I think increasingly more and more of that is coming on chain and maybe eventually everything will be on chain.

But coming back to making everyone bankless, I think it will take a while.

And I think it will take a while because you need effectively everyone to have a self-custodial wallet.

And only then will it just make sense.

From then on, you can just continue to pay the next person or the next vendor or the next employee on chain.

And until we get there...

We effectively need it to be very easy.

There should be no friction going from fiat to stablecoins and back for everyone in the world, regardless of where they live.

And that's something that is difficult to accomplish, obviously, globally.

But increasingly, we're seeing that this is happening.

And so there will be this transition period.

I think it's probably going to be a fairly long transition period.

But who knows, right?

I think the thing with network effects is that things start slow and then suddenly, you know, smoke turns into fire.

And then suddenly overnight, everyone's, you know, using a self-custodial wallet.