Jonathan Low

Founder & CEO @biptapofficial
Building the world's first OMNI BANK, the AIRBNB for Banking

[Jonathan Low @jonathanlowyt]

DONT QUIT

GRIT > INTELLIGENCE for a founder, anytime

[Mars_DeFi @Mars_DeFi]

Crypto cards have successfully solved spending, but privacy is emerging as the next competitive battleground.

For the last two years, the market competed on cashback, yield, UX, and self-custody, but the @ether_fi incident exposed a new challenge: protecting user financial data.

Here's what's actually happening:

—
● Crypto Cards Have Officially Reached Product-Market Fit

Crypto cards have evolved from a niche experiment into a legitimate payment category, with monthly spending volume growing from roughly $100M in early 2023 to more than $1.5B by late 2025.
• Cashback rewards
• Yield-bearing balances
• Higher spending limits
• Geographic expansion
• Better user experience

Over the last two years, competition has centered around making stablecoin payments feel as seamless as traditional fintech and neobank experiences.

Today, the category generates more than $18B in annualized spending volume, showing that the industry has largely solved the "Can people spend crypto?" problem.

—
● The Conversation Around Crypto Cards Is Changing
As the sector matures, users are no longer asking whether they can spend crypto, but what they sacrifice every time they do.

• Phase 1 (2024–2025): "Can I spend crypto anywhere?"

• Phase 2 (2025–2026): "How much cashback do I get?"

• Phase 3 (Emerging): "What information do I leak every time I spend?"

This shift reflects a broader realization that what works for DeFi does not necessarily work for consumer payments.

—
● The Hidden Tradeoff Behind Self-Custodial Payments
Users thought they were getting self-custody and financial freedom, but often received self-custody and radical transparency.

The debate is shifting from custodial vs self-custodial to public vs private settlement, and ultimately from wallet ownership to data ownership.

—
● Two Competing Design Philosophies Are Emerging
As the market shifts toward privacy, crypto payments are beginning to split into transparency-first and privacy-first settlement models.

• Transparency-First
Most existing card infrastructure is built around public ledgers, where transactions remain auditable, verifiable, and visible on-chain.
This model is represented by @RedotPay, @KASTxyz, @ether_fi, @useTria, @gnosispay, @ready_co, @Solayer_Pay, @raincards, and other cards built on public settlement rails.

• Privacy-First
A newer category is emerging around private-by-default payments and selective disclosure.

Projects exploring this direction include @payy_link, @BleapApp, @cryptoBingCard, @LasoFinance, @offgridcash, @sat_pay, @pintopay_me, and @Haven_Hn_.

—
● The Market Is Starting To Price Privacy
If this trend continues, capital may increasingly flow toward privacy infrastructure, ZK payments, and alternative settlement rails.

• Privacy Infrastructure: Projects building confidential transactions, identity abstraction, and private settlement layers.

• ZK-Based Payments: Projects using zero-knowledge proofs, selective disclosure, and confidential accounting.

• Alternative Settlement Rails: @LightLinkChain, @aztecnetwork, @hinkal_protocol, @0xprivacypools, and @Starknet privacy initiatives.

AI has dramatically reduced the cost of wallet clustering, identity discovery, and behavioral analysis, accelerating this shift.

—
Today, crypto cards compete on rewards, yield, availability, and fees; tomorrow, they may compete on privacy and identity protection.

Users are beginning to evaluate not just what they earn, but what they reveal.

Crypto payments have largely solved accessibility and rewards; the next battleground is infrastructure that combines self-custody, compliance, and privacy.

[biptap @biptapofficial]

What's the one crypto pain point nobody talks about enough?

[Jonathan Low @jonathanlowyt]

@defyneric 100% true

[Jonathan Low @jonathanlowyt]

@armaniferrante Congrats

[biptap @biptapofficial]

Get your friends to sign up and earn for life.

My Account > Invite Friends > Copy your referral link & share

[biptap @biptapofficial]

Eid al-Adha Mubarak 🌙

Wishing peace, reflection, and blessings to all those celebrating today.

[biptap @biptapofficial]

Better banking isn't about replacing the system. It's about improving it, starting with stablecoins.

Biptap CEO @jonathanlowyt, on why stablecoins give Biptap the edge over traditional fintech, increasing transfer efficiency for cross-border payments while the rest is still stuck on legacy rails.

[Jonathan Low @jonathanlowyt]

pakistan. 240M people. 70% unbanked. we just got approved. this is the kind of market that changes everything.

[Jonathan Low @jonathanlowyt]

morning: deal call. afternoon: book chapter. evening: investor dinner. this is not a flex. this is a warning. if you want this life, you need to want all of it.

[Jonathan Low @jonathanlowyt]

stopped raising from VCs two years ago. best decision i made. patient capital from the right people beats growth-at-all-costs every time.

[Jonathan Low @jonathanlowyt]

Silence before the storm

[Jonathan Low @jonathanlowyt]

i don't optimize for revenue anymore. i optimize for leverage. revenue follows when you build things that compound.

[Jonathan Low @jonathanlowyt]

if your business stops when you stop, you built a job, not a company. the goal is to build something that runs whether you're in the room or not.

[biptap @biptapofficial]

One app for your bank? One for crypto? One for the card? That's not banking. That's admin work.

An omnibank replaces the stack — fiat, crypto, wallets, and cards live on the same app, under the same login.

Get the Biptap app on App Store and Google Play.

[Jonathan Low @jonathanlowyt]

tokyo for one meeting. dubai for a signature. back to singapore by friday. this is what it looks like to be building in the global south.

[Jonathan Low @jonathanlowyt]

the version of me from 3 years ago would not recognize this life. that's not luck. that's what happens when you stop defending your limitations.

[Jonathan Low @jonathanlowyt]

you don't win licenses by being the loudest. you win them by being the most prepared. regulators respect homework, not hype.

[Jonathan Low @jonathanlowyt]

Ai banking is coming

[biptap @biptapofficial]

5 apps for your finances? 404 not found.

[Jonathan Low @jonathanlowyt]

two coffees, three calls, zero clarity. some days the work is just showing up and trusting the direction even when the signal is weak.