Ethereum 🤝 Visa | Weekly Recap
We're front-running the institutions...and Visa is one of them.
Dear Bankless Nation,
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.
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.
Recap for the week of March 29th, 2021
Execute any good market opportunities you saw in Market Monday
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Weekly Badge Perks 🔥
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Alpha Alert on Fei Protocol’s Genesis Event
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📺 Episode 40 of State of the Nation
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