I just want to really emphasise this point to the community that this is what is sometimes referred to as fintech out the front defi out the back. It potentially bridges the world of defi with real-world finance bringing the potential of defi to mainstream adoption. For example… Want to earn interest on your fiat dollars in your Revolut* app? The Revolut* front end would plug into defi out the back and earn the yield available from PAY. The everyday user would potentially not even know they are interacting with defi.
When you think about how many people in the world have a savings account and the amount of money in circulation the size of the addressable market here cannot be overstated enough. And that’s just retail. The institutional market is equally just as mind-boggling.
*Revolut is just an illustrative example. I am not aware of any/what integrations have been pre-arranged.