Adding a bit more to this: (in terms of learnings over the past year)
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Circles as a protocol/product is quite complex underneath, trying to combine it with a pure-play neobanking strategy simply didn’t work. If Circles is on the product, the product has to be centered around it.
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The team that would build a pure-play on-chain neobank like product and the team that would build a Circles-centred product are two very different looking teams in terms of skillsets, values, and internal motivations. The team at Gnosis App was/is far more Circles-centred than neobanking centred.