If you are not the regulated entity, you will struggle to capture value and you will struggle to deliver value. The UK has proven a willingness to enable new technology focused innovative businesses to become fully authorized entities.

But if you are not the regulated entity, you will struggle to capture value and you will struggle to deliver value. And so then the missing puzzle piece was, alright. Well, how do you get to be a bank? The US does not make this particularly easy, and so this is where Europe comes out ahead. And this is why I'm I'm here in The UK is that The UK has proven a willingness to enable new technology focused kind of innovative businesses to become fully authorized entities. And it's not easy, but it's not impossible. Right? And so when Monzo got their license, that was the sort of big catalyst for me to take a crack at this and and come over and start griffing.