Entrepreneur's Statement: From Start to Giving Up, Why I No Longer Do Web3 PaymentsIn the past six months, I have gone from being a bystander in Web3 to immersing myself in the payments industry. And now, I have decided to stop and no longer pursue Web3 payments.
This is not a retreat after failure, but a strategic adjustment made after truly getting involved. During these six months, I visited Yiwu, Shui Bei, Putian, and even Mexico, observing the most bustling areas in reports to see how payments are actually made. I also got hands-on experience, building an MVP for Web3 payments, managing accounts, creating Web3 payment tools, and trying to run the envisioned process from the first step to the last.
But the more I delved into it, the clearer I became about one thing: this is not an industry where "making a good product equals winning." Payments are not about features; they depend on banking relationships, licenses, capital efficiency, and long-term risk management capabilities.
Many payment businesses that seem to be "profitable" fundamentally do not earn from their capabilities.
PANews·2025-12-26 02:09