.@santiagoroel thesis resonates a lot. Let me explain: His thesis is straightforward, reminiscent of my master’s dissertation a decade ago on constructing stablecoins atop Bitcoin: •Mobile phone users outnumber bank account holders. •Banks inadequately serve numerous markets. •Mobile carriers boast millions of users reliant on connectivity. •He intends to acquire a carrier (MVNO) and transform it into a hotspot provider, akin to Helium and Starlink. •Through these acquisitions, he plans to offer checking accounts (stablecoins) and savings accounts (tokenized money market funds) to users. •In emerging markets plagued by currency debasement, the demand for dollars is particularly acute. •For seamless on-and-off ramping, he will develop a wallet in collaboration with a payment provider like Coinbase. What makes this approach compelling is that, rather than persuading existing businesses to adopt these innovations, he envisions acquiring them outright, then enhancing their operations and financial systems by integrating on-chain solutions for payments and mobile connectivity. This strategy is capital-intensive, requiring significant upfront investment, but by controlling both the Layer 1 infrastructure and the wallet, he can master the unit economics and infrastructure for millions.