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I'm starting a fintech and payments podcast.
The goal is interesting discussions rather than high production quality. Remote recording (self produced).
Looking to talk with those building interesting stuff and get across product, tech, business, and strategy.
Please no PR pitches but open to any recommendations or direct outreach.
Matt Jones retweeted
Revolut has been having an incident for 7+ hours and counting, globally. Some of my friends and family have been pinging me about not being able to make transfers.
An outage when you can't move money is bad for any bank (it's not as bad as losing money ofc!)
This is v bad
Matt Jones retweeted
I'm starting a fintech and payments podcast.
The goal is interesting discussions rather than high production quality. Remote recording (self produced).
Looking to talk with those building interesting stuff and get across product, tech, business, and strategy.
Please no PR pitches but open to any recommendations or direct outreach.
A visual adventure on payments and how money moves: followthemoney.emilylai.com
HUGE thanks and shoutouts to @dianachimes and the @0xPolygon payments team for auditing the flow and sending me a whole google doc of fixes
@mttjon for refining the storyboard in breaking up authorizing, clearing, settlement. Check out his subtack, he knows a ton on interchange fees and payments
@sophfuji for brain dumping me with esoteric visa documents and nuances on global fintech differences
@laert for giving me a dense and niche banking/payments document that helped a ton
@0xtuytuy for being one of the first to reach out and giving me a ton of time, breaking down how stablecoin cards work
+ many many more from @privy_io @Sempoxyz @blocks @tempo @joinpeanut and others who were generous in offering feedback. I’ve listed many thanks on the bottom of the site with sources!
We are living in a learning renaissance with AI available
This took a lot of reading and research but wouldn’t have been possible without talking to people who actually work in payments. It’s incredible using AI to learn and build, but it’s important to confirm things with domain experts
Matt Jones retweeted
For a politics podcast nerd like me this was a fun day at #battlefest
Thanks to @LiamHalligan, @AllisonPearson , @Steven_Swinford, @patrickkmaguire, @Scarlett__Mag, @JAHeale, @lara_e_brown
And many others I saw today
For a politics podcast nerd like me this was a fun day at #battlefest
Thanks to @LiamHalligan, @AllisonPearson , @Steven_Swinford, @patrickkmaguire, @Scarlett__Mag, @JAHeale, @lara_e_brown
And many others I saw today
Matt Jones retweeted
In its latest financial results, Revolut revealed that revenue from paid accounts reached £708 million, an increase of 67% year-on-year, while paid subscriber numbers grew by 42%.
Revolut doesn’t disclose how many paid subscribers it has, but estimates suggest around 7.4 million subscribers, assuming an average of £8 per user per month during 2025.
The UK's other major neobank, Monzo, has >1.6 million paid subscribers, likely all in the UK at this stage.
Both companies are enhancing their paid accounts and also increasing their prices.
Revolut's Metal account is getting:
- A price increase from £14.99 to £16.99 per month.
- The addition of five new subscriptions including £10 monthly Laundryheap credit, a Loveable subscription, and Super Duolingo.
- Additionally, Metal subscribers will get an extra 2GB of roaming eSIM data.
- These additions are on top of existing benefits such as a Financial Times digital subscription.
Monzo's Perks account is getting:
- A price increase from £7 to £9 a month.
- The addition of YouTube Premium Lite, which offers ad free viewing on most videos except notably YouTube music (usual cost £7.99).
- Existing benefits include a free Vue cinema ticket each month, a weekly treat from Greggs, and an annual railcard for discounted train travel in the UK.
Whether these accounts are worth it really depends on your personal circumstances and if the benefits make sense to you.
Overall it's great to see this competition for paid subscribers. For many years the paid current account market saw little differentiation, and that's all changed with the neobanks.
Matt Jones retweeted
For AI to be a true General Purpose Technology (GPT) it needs a better way of interfacing with consumers day-to-day.
Until now, for many consumers AI has meant Chat GPT (more or less), or something similar.
Actual Agentic Commerce stalled… And saying this would be a kind way of putting it.
Despite the technical interfaces, protocols, and announcements, there was almost no way for consumers to participate in Agentic Commerce.
Technology accelerates when interfaces are easy to use and accessible — not fragmented and specialised.
Until recently Agentic Commerce meant an ever growing protocol soup of acronyms.
Personal Agents change this. They give a “normal user” ways to interact and buy with agents via an interface(s) used every day.
This can’t be overstated. Until now consumers were not interested in Agentic a commerce, because essentially as they couldn’t use it on an end-to-end basis. They couldn't experience it.
A lot of technology doesn't make sense until you use it for yourself. Personal Agents open up full Agentic Commerce from discovery to checkout to anyone.
That doesn’t mean to say Personal Agents solve everything, but there is a strong case that they have, finally provided us with the "missing link" in paying with agents — a full year since Stripe and Open AI first announced Instant Checkout.
Matt Jones retweeted
Billions of pounds lost on a single project because we can’t connect it to the grid for half a decade and have destroyed our capacity to generate reliable electricity.
Exclusive: Microsoft cancels UK data centre deal with Nscale. Comes just as Nscale hopes to pull off a $35 billion IPO telegraph.co.uk/business/202…
Point 1 is absolutely clear. Believing Russia has limited ambitions such as just taking the Donbas is wrong. But sadly many in the West have fallen for this nonsense.
Two things people seem to not understand about Ukraine/Russia:
1. There is no peace agreement to be had that doesn't ultimately result in Putin taking Kyiv, and turning Ukraine into the next Belarus. As Zelenskyy said earlier today, if Putin's goal was only to take the Donbas, why did Russian tanks roll towards Kyiv at the start of the war? Understand that without Kyiv, there is no point in having any of Ukraine's territory. Crimea was the first step. Then came the Donbas. If you think Putin only wants those territories, you're a fool. He needs Kyiv.
2. God forbid the above scenario were to happen, where Russia ultimately succeeds in taking Kyiv, and therefore, control of the entire country, it would result in one of the bloodiest insurgencies you can ever imagine. How do you suppose that would impact NATO, and our relation to eastern Europe? Tensions between the US and Russia would flare constantly. It would be an untenable situation.
So... it's absolutely vital that this scenario does not become reality. It's vital for stability in Europe, our interests, our allies' interests, and the interests of the Ukrainians who demand their sovereignty be respected.
Matt Jones retweeted
No one led Ukraine down any road! Ukraine didn't get a NATO invite, didn't get military aid to deter Russia, didn't get EU candidate status. Russia invaded anyway CONTRARY to Mearsheimer's prediction. Just stop already with the utter nonsense.
But the calculation of those who drove Ukraine down this primrose road is the following:
Value of UKR casualties & dead: zero
Value of RUS casualites & dead: positive.
=> so long as the war goes on, they win.
This is the calculation of most MSM, many reporters, politicians and pundits. That's why the war can go on forever. Well, at least until the last Ukrainian & Russian.
If war cheerleaders had any skin in the game, they would be much more careful. But they don't. War is costless to them. Only other people die.
Matt Jones retweeted
"The Defector" - a 5,500-word espionage tale in today's WSJ that I can guarantee is worth your time.
I spent months speaking to one of the deadliest saboteurs in recent military history, a Russian officer who helped Kyiv kill hundreds of his fellow troops wsj.com/world/russian-defect…
Matt Jones retweeted
This is complete nonsense, sorry. It’s not the right framework at all. Which primrose road? Mearsheimer understands nothing of the history of Russian colonialism in Ukraine. Of course Ukraine could always resign itself to its fate as colony, but history shows all its material and cultural destruction could result from that.
As someone who wrote an article literally titled "Why Mearsheimer is wrong on China" (arnaudbertrand.substack.com/…), it's clear I'm no diehard fanboy of the guy.
However, on Ukraine, honesty requires recognizing that he was more right than most, starting with predicting the war in the first place. At the beginning of the war I wrote a long thread listing all the strategic thinkers who predicted it (xitter.cf/RnaudBertrand/status/1…), and Mearsheimer's prediction really stands out as the most complete, almost like a script of what followed.
It is true, though, that since the war started, he's sounded a bit like a broken record in announcing Ukraine's imminent collapse, which hasn't exactly materialized.
He has this bad habit of running everything through the iron laws (according to him) of great-power competition, the very same framework that leads him astray on China.
A framework that, as per his own admission, doesn't leave any room for the individual characteristics of a state: as he himself puts it in his book The Tragedy of Great Power Politics “The theory pays little attention to individuals or domestic political considerations such as ideology. It tends to treat states like black boxes or billiard balls”.
Which is very unnuanced: it’s painfully obvious to any student of history that there is more to geopolitics than raw power, and that a nation’s history, culture, sense of itself, contemporary zeitgeist and ideology are absolutely critical in shaping its behavior.
In many ways, Mearsheimer's "offensive realism" is the lazy man's approach to geopolitics: it spares you the trouble of reading a country’s history or understanding how its people see the world.
Mearsheimer actually tacitly recognizes this. If you listen to him on his own country, the US, what he is ironically very good at predicting is how they WON'T follow his theory: in the same breath, he’ll tell you the US should stop wasting resources in Europe and the Middle East to focus on China, and that it won’t, because of the Israel lobby, a crusading liberal ideology and the groupthink of the "blob". In other words, because of domestic politics, ideology and individuals: precisely what his theory tells you ought to be ignored.
Which shows that when it’s a country he actually knows from the inside, he has no trouble seeing that the black box/billiard ball is in fact a living, breathing nation in all its complexity and nuance.
All that being said, what is his main point on Ukraine? Famously, and bluntly, that “the end result is that Ukraine is going to get wrecked.”
With about a fifth of its territory under Russian control, about half a million Ukrainian casualties (russiamatters.org/news/russi…), a population that has shrunk from almost 42 million before the war to around 29 million in government-controlled areas (globaloffice.org.ua/en/nasel…), 14% of its housing stock damaged or destroyed (thedocs.worldbank.org/en/doc…), an economy a fifth smaller than before the war in real terms (gmk.center/en/infographic/uk…), and a state whose entire civilian budget is financed by foreign aid (ces.org.ua/en/tracker-econom…), it’s hard to think of a more fitting word.
Ukraine is, factually, wrecked. Still fighting, with a courage and resilience no black-box theory could have predicted, but wrecked.
I don’t think anyone can seriously argue otherwise. The most direct responsibility lies with Russia, which made the choice to invade. But nobody - on either side - can be happy with that outcome, or deny that more could have been done to avoid it.
Which is, when you strip it down to its essence, the gist of what Mearsheimer is saying. It's not that sophisticated but it's also common sense, and probably the most humanistic position one could have held: for all his talk of black boxes, he turned out to be the one most concerned with the people inside them.
So, no, long story short: Mearsheimer hasn’t “discredited himself over Ukraine”. The ones who should worry about their credibility are those who led Ukraine down the very primrose path he warned about, and still haven’t had the decency to admit where it took the country.




























