When Payments Own the Base Layer: What Corporate L1s Mean for L2s — and for Africa v2.0

Aug 22, 2025 · 10 min read · Table of Contents TL;DR The spark (and why I’m writing this) Baseline: what L2s actually do today (so we measure impact correctly) Why payments firms might go L1 (and not just “use an L2”) Africa lens: what could really change (and what won’t) ...