Another corporate domino falls, just as we put out the video saying it was going to fall….tuesday,
we dropped our Coinbase, Visa & them pushing forward the bull run video, and by Wednesday
morning Visa had announced their bitcoin plans….partnering with crypto banks to connect to their clients
crypto api...allowing the buying and selling of digital currencies through their network.
Who does it like us!?
No one, that is why you should always set your clock, because it’s time for Chico
Crypto!
Yes it’s true, Visa is going hard on crypto.
Visa is piloting a suite of crypto APIs, allowing their network of bank partners to perform
bitcoin buying and selling.
And this is accomplished through a partnership, with the first federally chartered crypto
bank, Anchorage which only got its final approval a few weeks ago.
So this is remnants left over from the last administration, the OCC, Brian Brooks, former
Coinbase CLO...remember, I think there is more to all this than meets the eye & it comes
down to a big event expected to happen in late February Early March...the coveted Coinbase
IPO.
But, we’ve covered that, we know all about it.
Let’s rewind, reverse gears right back to Visa’s crypto API.
Application programming interface.
This is important, because its an API...and this could tie back to the crypto powerhouse
API, chainlink.
You ready to get stinky!?
Who was one of Visa’s first blockchain based partners!?
The one they made a strategic investment in, all the way back in 2014?
Well berkshire’s business wire covered it then, Visa invested in Docusign.
So what did they do!?
Well docusign posted this video of the collaboration together in October of 2015.
They built Visa’s first blockchain based prototype, of an integrated vehicle system
for the future of car leasing, built on none other than the bitcoin blockchain and docusigns
tech, but also payments to the bitcoin blockchain with Visa.
Invested in since 2014, aka early, and working together with bitcoin and payment tech since
2015, aka for a long time.
So what has docusign and visa been up to since this demo and proof of concept?
A ton.
2016, president of Visa, Ryan Mclnerney spoke of Visa’s own in house integrations and
the deeper strategic partnership and the POC.
In 2018, deeper visa integrations as Docusign integrated with their authorize.net for 1
step signatures and payments….which is going full steam ahead today, plastered on docusign’s
website..but it’s not only authorize, today they are integrated with another partner of
Visa, who they have invested in...
Stripe.
So, Visa, docusign and even stripe are close, connected at the hip.
I wonder who docusign is connected to in the stinky crypto world whose focus is APIs.
Yes it’s that linky!
February of 2019, chain link announced that Tom Gonsner, founder of Docusign would be
joining the team as an advisor to the project.
And he has posted highly of chainlink on multiple occasions.
Now, Chainlink and Docusign are both also apart of something called the Accord project
which is about setting the open standards for legally enforcing smart contracts.
But within the members, there is another connector.
Clause...Now I wonder who created and initiated this project back in 2017??
According to this jaxenter blog post, it was none other than Clause…
Who funded Clause?
Providing them 5.5 million in 2019?
None other than docusign.
And here is where things get really interesting.
Visa was trying to make a major acquisition, they announced in January 2020 that they would
be shelling out 5.3 billion for Plaid.
The DOJ like Amy Whinehouse said….
No, no, no about that blocking it early this year, january 2021….but the connection is
clear.
Who was working together in August, while the deal still looked to be going through?
Plaid & Clause were, and still are to this day with Financial Data Verification and Decisioning
in Smart Documents.
Shwing babing, something big was in the works...but let me tell you it most likely still is….
But visa is moving full steam ahead, not only through that avenue but multiple others.
And we are gonna slam dunk it in a second, but first time for a short sponsored segment
from the team at Dodo, the next generation on Chain liquidity provider.
And like always, the full details of our agreement can be found in the description.
Liquidity provider, onchain?
Sound similar to Uniswap?
Decentralized token swapping!?Well uniswap is an automated market maker AMM, Dodo is
a Proactive Market Maker PMM.
Providing many benefits to traders, poolers and arbitrageurs alike.
Similar to the AMM, dodo lets liquidity providers pool together assets into token swapping pools,
where they earn the fees for trading through the pool from traders.
But unlike the AMM, it gather’s the funds from them near market prices only, to provide
sufficient liquidity to the pools.
Also, DODO dynamically adjusts market prices to encourage the third component arbitrageurs
to step in and stabilize LPs' portfolios.
What does this do!?
Low slippage for the traders and minimum impermanent loss for the liquidity providers LPs.
But also, the big Dodo advantage.
Single sided exposure to pools.
With Uniswap, you have to deposit equal values of each token to the pool, eth-usdc pool,
equal value ethereum, equal value usdc or you can’t be an LP.
With Dodo, you can deposit any amount, whatever you have and it can be included into their
liquidity pools.
Per example usdc or Eth, not both...but you can if you would like too.
Now the swapper is easy to get used to, like the traditional ones but you get to enjoy
the minimal slippage for the trades.
Better prices, is always a good thing...but, everyone knows bout those DANG ethereum fees...getting
ridiciulous...but DODO is here to dodo the day.
A couple weeks ago, they announced their gas reimbursement program, where traders could
save up to $35 dollars per trade.
How were they accomplishing this?
By something I recently covered and knew would be integrated within dapps, Chi Gas token!!!
ANd another bonus...what oracle soultion do you think is powering the PMM price feeds?
Only the most solid one, and a crypto we just talked about Chainlink!
Providing something different, that is what you gotta do in the crowded space of token
swappers.
A minimal slippage, minimal Impermanent loss, single sided swapper is just that and if that
is something you’re looking for, of course all links are down in the description!
So we gotta narrow in and zero in on, who was working on crypto products for Visa, and
that is Raj Parekh, head of crypto product at Visa.
And Raj has been a tweeting away, dropping what I would call crumby hints.
October of 2020 after visa announced their crypto plans Raj tweeted “I've talked to
many fintechs before the PayPal announcement and they are working on their crypto strategy
already.
Lots more to come in the future”
Like his own company Visa, but that was known...he was talking to other fintechs other giants.
Could it be google, like we said months ago!?
Or could it be the one who was quiet all of 2020...samsung?
Those 2 are the ones we think could drop crypto news next!
But, getting back to Visa.
Like Is said they aren’t only looking at the API and payment side of things in the
crypto space.
They are getting deeper.
Like with DeFi...head of product Raj, tweeted this august of 2020.
“A big shoutout to head of strategy and business development at Compound Finance for
presenting what Defi and Compound is all about to the many teams at Visa!
Thanks for stopping by virtually!
Ughhh, I hope you know that tis bullish for compound.
And I get why the pulled some of their recent moves.
Remember, it was August of 2020 Compound presented to them...they are in talks for something
then....
Well just 4 months later, Compound announced they were developing their protocol on their
own chain, reading the protocol for CBDCs.
Around the same time compound announced their chain, guess who published new research on
CBDCs.
None other than Visa with a thorough technical paper on how it will be done.
So, the final hint I want to give everybody is regarding the heads of Visa & what they
are getting into.
Terry Angelos, head of Fintech at Visa, not even in the crypto department...is tweeting
about NFTs.
Raj product head of crypto is tweeting about NFTs, specifically NBA topshots, built on
the flowblockchain.
Flow is from dapperlabs...who is invested in them?
None other than Coinbase & Samsung...
And then...As we can see from the blog post on the CBDC.
It was published by cuy sheffield, senior head of crypto at Visa...what is Cuy tweeting
about recently...NFTs...he retweeted souja boy being tokenized with Rarible…
Hmmmmm who just closed 1.75 million dollars seed round funding with Coinbase yesterday!?
Rarible did...my favorite NFT based project.
Booyakash.
Cheers I’ll see you next time!