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Dear Bankless Nation,
Guys…we didn’t get acquired by Wells Fargo. That was me trying some April Fools humor. The banks can’t stop the bankless movement. We’re just getting started.
Speaking of just getting started…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 min—Visa just became an Ethereum sidechain.
While they’ll 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 Ethereum’s block space to improve their processes.
Here’s what they’ll 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.
They’re going to realize our entire financial system can be automated…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 we’re seeing it happen in real-time every week. We’re front-running the institutions.
Speaking of which, here’s what’s lined up for the next one:
Much awaited podcast with Uniswap’s Hayden Adams (early release video here)
We’ll dish out some DeFi tax tips & tricks for you procrastinators
A deep dive into a project aiming to become the DeFi’s Blackrock
Another week of level ups. Oh…and happy $2k ETH :)
Let’s 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 you’re a premium member & don’t have it, DM Lucas on Discord.
🙏 Sponsor: Aave—Experience DeFi: Deposit, Earn, & Borrow with Aave
Recap for the week of March 29th, 2021
🎙️ WEEKLY PODCAST EPISODE
Listen in Podcast App | iTunes | Spotify | YouTube | RSS Feed
ACTION RECAP
Execute any good market opportunities you saw in Market Monday
Prank the Bankless Nation with our Wells Fargo acquisition 🔥
Watch & Listen
🎙️ Listen to EIP 1559 | Hasu 🔥
📺 Watch SotN #40: Get a job in crypto | Rob Paone (Crypto Bobby)
📺 Watch ROLLUP: Visa on ETH | SNL NFT Skit | Bankless + Wells Fargo
📺 Watch The Story Behind PleasrDAO
Weekly Badge Perks 🔥
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Raffle for 3 Crypterior NFTs (badge perk!)
Alpha Alert on Fei Protocol’s Genesis Event
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📺 Episode 40 of State of the Nation
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Aave
👉 Experience DeFi: Deposit, Earn, & Borrow with Aave
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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
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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! ;)