Ethereum š¤ Visa | Weekly Recap
We're front-running the institutions...and Visa is one of them.
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Dear Bankless Nation,
Guysā¦we didnāt get acquired by Wells Fargo. That was me trying some April Fools humor. The banks canāt stop the bankless movement. Weāre just getting started.
Speaking of just getting startedā¦this week we learned Visa is just getting started on Ethereum. One of the largest payment networks in the world now using Ethereum to settle transactions.
Think about that for a mināVisa just became an Ethereum sidechain.
While theyāll start off slowly, a few transactions per day (prob be worth millions each), Visa is setting a precedent. Financial institutions are now experimenting with public blockchain networks. And their first step is exploring how they can leverage Ethereumās block space to improve their processes.
Hereās what theyāll realize: Ethereum is a 24/7, global, open, programmable settlement layer for the world. They can send and receive money to anyone, anywhere, anytime. They can stream money in real time. They can verify income and assets on the spot.
Theyāre going to realize our entire financial system can be automatedā¦this time without the banks.
The best part? The more they adopt Ethereum the more they pay to ETH holders.
This has been our thesis for years. And weāre seeing it happen in real-time every week. Weāre front-running the institutions.
Speaking of which, hereās whatās lined up for the next one:
Much awaited podcast with Uniswapās Hayden Adams (early release video here)
Weāll dish out some DeFi tax tips & tricks for you procrastinators
A deep dive into a project aiming to become the DeFiās Blackrock
Another week of level ups. Ohā¦and happy $2k ETH :)
Letās get to the recap.
- RSA
P.S. Another round of Bankless Badges went out yesterday! Make sure you claim these bad boys. Big plans ahead. If youāre a premium member & donāt have it, DM Lucas on Discord.
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Recap for the week of March 29th, 2021
šļø WEEKLY PODCAST EPISODE
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ACTION RECAP
Execute any good market opportunities you saw in Market Monday
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Watch & Listen
šļø Listen to EIP 1559 | Hasu š„
šŗ Watch SotN #40: Get a job in crypto | Rob Paone (Crypto Bobby)
šŗ Watch ROLLUP: Visa on ETH | SNL NFT Skit | Bankless + Wells Fargo
šŗ Watch The Story Behind PleasrDAO
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Guys, I really love the material. Bankless was one of the main resources that helped me get started with crypto. Subscribing and becoming a badge holder is one of my short term goals at the moment. However, I find myself wondering why there is no crypto subscription option! Feels like this is quite important actually... Count me as signed up, in a smart contract, as soon as you guys start walking the talk! ;)