Binance recently released a report titled 'Finance Without Frontiers', and the biggest feeling after reading it is that the true main battlefield of Crypto may not be' cryptocurrency speculation ', but the reconstruction of financial entry points. The core logic is that there are still a large number of people worldwide who are excluded from the traditional financial system. In these regions, on chain finance is not a supplement to traditional finance, but is becoming a new financial infrastructure. According to the World Bank, there are 1.3 billion adults worldwide who do not have a bank account, accounting for 21% of the global adult population; 73% of them are located in low - and middle-income countries. And 'no bank account' is only a superficial issue, the bigger problem is overbanked: having an account but lacking the ability to access credit, digital payments, interest bearing savings, cross-border services, and more. The report states that 4.7 billion adults lack access to credit or loans, 3.6 billion adults in low - and middle-income countries do not use digital payments or bank cards, and approximately 1.4 billion depositors do not receive interest from their deposits. This is the first insight of the report: the issue of financial inclusion is no longer simply about whether there are bank accounts, but whether there are truly available payment, savings, credit, investment, and cross-border financial services. And the entry point of on chain finance is precisely here. Among the global population without bank accounts, about 900 million people own mobile phones and about 530 million people own smartphones. That is to say, a large number of people who are not covered by banks actually have the hardware conditions to enter self managed wallets and global encrypted trading platforms. The bottleneck of financial services is shifting from "offline branch coverage" to "mobile product experience+regulatory clarity" The second scenario is cross-border payments and remittances The minimum cost for traditional SWIFT cross-border transfers is about $20, and settlement takes several days, which is too high for a large number of low - and middle-income, small remittances. On high-performance blockchain, the transfer cost of stablecoins can be as low as $0.0001 and settled almost instantly. That's also why stablecoins are being issued on public chains: https://(((x.com))/SeaBitcoin/status/1955464259653210488 Artemis' data shows that stablecoin trading volume has surpassed Visa in 2024, approaching a monthly scale of $8 trillion. The third scenario is capital market access and opportunities Approximately 630 million adults worldwide have online brokerage accounts, but even fewer have convenient access to the US market; The US stock market accounts for about half of the global stock market value. Listing high-quality company equity on the blockchain can alleviate this mismatch to some extent: allowing more non US domestic investors to own US stock assets through 24/7 trading, fragmented holdings, and other means. According to Altrata's data, 87% of companies in the United States with annual revenues exceeding $100 million are private companies; Apollo data shows that the median age of IPO companies in 2024 and 2025 has risen from 8 years to 14 years. This means that more and more value creation occurs before a company's IPO, and ordinary retail investors often have the opportunity to take over after the IPO. Last year, I made a video saying that I look forward to the integration of the two major trends of on chain and compliance, which is the compliance of ICO. This is also one of the main ideas of Project Crypto. https://(((x.com))/SeaBitcoin/status/195365168353763460 The fourth direction is AI agents and programmable finance In the future, everyone will have multiple AI agents, which requires three types of on chain capabilities: programmable currency, permissionless identity, and composable settlement. Because traditional card organizations have a cost floor, such as Visa's small payment cost of about 30 cents, while USDC's nano payment can process transactions at the level of about 0.0001 dollars. Since 2025, over 17000 agents have been launched, with approximately 19% of on chain activities being automated or agentic, and 76% of stablecoin transfers driven by bots. Some of Binance's own business data is also consistent with these trends: In 2020, the proportion of Binance users from emerging markets was 49%; By 2026, this proportion will increase to 77%. 24% of active users use two or more products, and 14% use three or more products; And among these multi product users, 83% come from emerging markets. What's even more interesting is that stablecoins are being used as a 'savings tool'. In Binance, approximately 28% of users with an account balance of at least $10 allocate at least half of their assets to stablecoins; This proportion has increased from 4% in 2020 to 28% in 2026. In emerging markets, this proportion reaches 36%; 73% of global stablecoin savings users come from emerging markets. The above trends and data represent new entrepreneurial opportunities and investment directions: Firstly, the infrastructure for stablecoin payments and cross-border remittances, which I don't know how to elaborate on, the advantages of stablecoins are too great. Secondly, a mobile financial portal targeting emerging markets. The billions of people without bank accounts are not concerned about which currency can increase tenfold, but about having basic financial instruments (savings+payments). Thirdly, the equity of Pre IPO company will be put on the chain. The core logic is that the world's largest investable assets are concentrated in a few markets, but potential demand is distributed globally; And as companies go public later and later, ordinary investors are increasingly eager to participate in early value creation. The companies I have previously introduced, such as Jarsy (https://(((x.com)))/SeaBitcoin/status/196231274682715343) and Tessera (https://((((x.com)))/SeaBitcoin/status/2022152051141357984), are all startups in this field. Fourthly, AI agent payment and identity infrastructure. The report has regarded AI agents as a new economic participant, while on chain systems provide nano payments, identity verification, and composable settlement capabilities. During this process, there will also be the emergence of super apps, such as emerging market users who are more inclined to view platforms like Binance as comprehensive financial stacks of "savings+payments+investments" rather than just exchanges. Perhaps there will be fewer opportunities for counterfeit currencies to become wealthy in the future, but blockchain technology will change the lives of users in emerging markets in more dimensions, especially in payment, savings, investment, private equity markets, and AI agent economies, repackaged into a globally accessible financial infrastructure.