Costs (for example, each transaction under $0.01), while still maintaining the security of Ethereum. Additionally, they can choose to collaborate with RaaS providers like Alchemy (and its partner Syndicate) for rapid deployment—deployment could be completed in weeks, while L1 may take months or years.
The simplest way is to deploy smart contracts on existing blockchains, which companies like PayPal have already attempted. 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
How high should the degree of permissionless be for the application of fintech and/or blockchain? The superpower of blockchain lies in its composability, which means the ability to combine and remix various protocols, making the whole value greater than the sum of its parts.