Marek Olszewski

So perhaps it'll happen soon, I think.

But I think this experience building and working on Celo for eight years has...

made me think that it will take still a while.

But that doesn't mean that you can't get very significant percentage of the world's population acting this way.

And I think that is certainly...

increasingly just happening today already.

So the FX market...

Today is, I think, the biggest financial market in the world.

There is now on the order of $9 trillion exchanged every day.

So across the year, yeah, that's in the quadrillions, 3.2 quadrillions.

Absolutely.

So individuals, people traveling, but I think more than that, commerce, companies, institutions, banks, all transacting with each other through the corresponding banking system.

And then, you know, everyone looking to hedge as well.

And so that is, you know, a massive, massive market, but it's not very accessible to a lot of people, quite inefficient, you know, working still through the corresponding banking system.

And it doesn't work 24-7.

And so there is just so many reasons why bringing this on chain will just deliver so much value to everyone.

And increasingly, we're seeing that activity happening on Celo in large part because Mento has 15 stablecoins on Celo.

So if you take away the dollar and the euro, that's 13 local currency stablecoins.

There's also a lot of other local currency stablecoins on Celo as well.

Maybe not quite as big as Mento, but focused on like the Swiss franc or the pound or the Brazilian real.