Understanding the Need for a Global Financial Internet

A Global Financial Internet is the online meeting point for developers, financial institutions, users, and nation states. Each party will see newfound benefits from it as an entirely borderless system.

Market participants, like financial institutions and liquidity providers can access a broader selection of assets with a wide spectrum of risk-reward. They can access investment opportunities that were unavailable before, and take part in growth stories of new companies anywhere, whether crypto-native or not. User assets serve purpose amongst each-other and can be transacted with one another without borders. There’s no need to manage numerous private keys, or onboard to a new blockchain each month. The user decides which security measures to implement for their single profile on the Global Financial Internet.

Nation states and countries can connect their local economies to global markets, opening their economy to investors anywhere to accelerate their commercial development. Capital is the foundation for an emerging nation state, and countries historically have had to seek alternative options like debt from established countries to finance infrastructure development. The Global Financial Internet is a catalyst to growth for any nation’s economy.

Developers can build entirely new use-cases on top of global liquidity and chain states. They will be able to build their app wherever it has the best tech to support it, instead of placing a bet on where they will be able to find users and liquidity. They will compose using solutions that others have built no matter where they have built it (if one app is built on Solana and one is on Base, they should still have the option to work together to bring the best experience to users). The Global Financial Internet is built in collaboration not in competition.

How often do we hear on crypto twitter that the pool of users is too small in crypto? We believe it has something to do with the fact that the user experience is so foreign to 99% and is aggravating even for the experienced user. Good luck explaining to your parents how to setup and manage numerous wallets and key-pairs. We believe that traditional economies will only move on-chain once the chain disappears from the user experience. Spicenet's Composability Middleware makes it so users don't have to know that their favorite application has a chain under it. Only then can we achieve a Global Financial Internet.