EPISODE · Jul 22, 2026 · 0 MIN

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JPMorgan is live on Ethereum. Franklin Templeton is tokenizing money market funds. Mastercard is building on-chain payment rails.The institutions that Web3 spent a decade trying to disrupt are now actually at the table. But they brought a gate list, and most Web3 startups are failing it.Not because their product is bad, because they didn’t exist in a way that institutions’ legal teams can sign off.My guest today has sat on both sides of that gate.This is the Paybis No BS Podcast. I’m Paul Ashar, and this is Michael Borowich.

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