@FOGO #fogo $FOGO fees (for example, less than $0.01 per transaction), while still retaining the security of Ethereum. Additionally, they can choose to partner with RaaS providers like Alchemy (and its partner Syndicate) for rapid deployment—deployment times may be completed within weeks, while L1 may take months or years.

The simplest way is to deploy smart contracts on existing blockchains, companies like PayPal are already trying it. Blockchains like Solana, which have mature scale, user base, and unique assets, are particularly attractive for fintech companies looking to launch on existing Layer-1.

Permission and Permissionless

To what extent should the application of fintech and/or blockchain achieve permissionless status? The superpower of blockchain lies in composability, which means being able to combine and remix various protocols so that the whole is greater than the sum of its parts.