Gj retweeted
Crypto Cards with no KYC: how they work and what you risk
I read the contracts behind 16 cards sold as no-KYC. Here is what you should know before you use one
So how do they work?
- the provider does not issue anything. A company registers, passes KYB, the business version of KYC, and gets the right to open cards for its "employees"
- you are one of those employees on paper. You pay the provider, top it up in USDT, and get a card number out of that company's program
- the bank behind it sees one business client, not you. Nobody checked you, and nobody can vouch for you either
- one card is listed as no-KYC while the provider's own page says "KYC is required everywhere we operate"
- another opens with "no photo ID needed" and hangs an asterisk on it: subject to AML and regulatory requirements
How do no-KYC cards make money?
- one charges 5% on the email-only tier and 0% on the tier that checks your ID. The discount is for showing documents
- top-ups run 2% to 5%, opening a card costs $5 to $168, and one contract takes $0.25 for every authorization attempt, approved or declined
- another takes 3% of every declined transaction
- one reserves the right to charge 10% of your remaining balance per month after 90 days with no login and no spending
And what do you risk?
- when funds get frozen, the contract says you are the bank's counterparty, not the service. Help getting them back is offered as a courtesy
- that same provider discloses that in February 2026 a banking partner locked accounts and caught part of customer balances. It says it refunded most of them voluntarily, with no obligation to
- your card can die for how you spend rather than what you buy: decline and refund rates above their limit, and one bans Steam and Uber as platforms that trigger the bank's risk controls
- three of them have no terms, no privacy page, nothing legal on the site at all. One of those still points buyers to a token presale page that has been switched off
You are not skipping KYC here. You are using someone else's
Do you use no-KYC cards, and why?
Gj retweeted
If you are looking to escape big tech and want to use privacy-focused software, check out privacytools.io, pick the apps you use today and get presented with working alternatives:
Gj retweeted
Wealthsimple's head of regulatory affairs stood up at the Fintech Canada Forum this week and said the quiet part out loud, right in front of Visa Canada. Seven years late. Real Time Rail was supposed to be running long before now, and Payments Canada is still only promising the first wave of companies will connect this Q4, with no date yet for when banks join. I've shipped payment systems where a slow settlement window quietly wrecked a small merchant's cash flow, so I know exactly who benefits when money moves slower than it has to. Banks earn float on every day funds sit still, so slow rails end up protecting somebody's income statement, whether that's the intent or not. I wonder how many more forums we need before that stops being acceptable.
Gj retweeted
The simplest Bitcoin strategy ever:
• Buy Bitcoin in the midterm year (2026).
• Sell 25% in the pre-election year (2027).
• Sell 50% in the election year (2028).
• Sell the final 25% in the post-election year (2029).
• Buy again in the next midterm year (2030).
Repeat.
Gj retweeted
Wealthsimple is about to save billions for Canadians who aren’t even clients.
Competition works.
Bank of Montreal becomes first Big Five bank to eliminate most online trading commissions theglobeandmail.com/business…
Gj retweeted
The wildest AI project this week has nothing to do with LLMs. It counts potatoes.
A developer named Viet built a vision system that counts potatoes on a conveyor belt.
He annotated one frame. One. Used SAM 2 to generate labels, trained a tiny YOLO11 nano model, and it works across the entire video. Real-time counting. Production ready.
While everyone is racing to build trillion-parameter models, the fastest wins in manufacturing are systems like this.
Readers added context they thought people might want to know
The potato counting project was shared months earlier, not this week, and the linked GitHub does not contain it. x.com/IlirAliu_/stat… github.com/vietnh1009
Gj retweeted
21 July at Rhythm 🇨🇦 FLOW w/ @TetraDigitalGrp
Taking over one of Toronto's most iconic music venues for a day of conversation with stablecoin thought leaders + music by House of Lords!
RSVP ↓
Join Tetra Digital Group, IRL, and Rhythm for FLOW
With the industry coming together in Toronto for Canada Crypto Week, we’re taking over Rhythm after Day 1 of Blockchain Futurist Conference for an evening of great conversations, live music, and real-world stablecoin payments.
Guests will receive CADD, Canada’s digital dollar, and use it to pay throughout the venue through IRL and Tempo.
Come meet the people building across Canada’s digital asset ecosystem, we’d love to have you join us!
Special thanks to our co-sponsors Flex, Tempo, Cycles, Galaxy, and Fireblocks for making the evening possible.
📍 Rhythm Toronto
🗓️ Tuesday, July 21 | 7:00–11:00 PM
Capacity is limited and registration is subject to approval. Link to register is in the replies.
Gj retweeted
What a memorable night at Rhythm in Toronto 🇨🇦
FLOW w/ @tempo & @TetraDigitalGrp was a House music affair with House of Lords behind the decks spinning their signature deep sound 🥁
Guests paid for drinks at the bar with stablecoins all night long, made possible by CADD through Tempo x IRL.
A special thank you to co-hosts: @FireblocksHQ, @FlexSuperApp, @cyclesmoney, @galaxyhq
Gj retweeted
Your retweets, comments, reviews and relentless pressure made this happen
The brave GoodLife Fitness employee will get to keep her job
Good job everyone
Gj retweeted
🚨 Ep. 92 of @TokenizedPod: Onchain FX Is the Missing Piece for Stablecoins
@cuysheffield is joined by:
👉 @nlevine19, Partner, @a16zcrypto
👉 Didier Lavallee, Founder & CEO, @TetraDigitalGrp
👉 @Queathem, Founder & CEO, Velocity
To discuss:
🔥 Velocity raises $30 million Series A for stablecoin payments
🏛️ Velocity as regulated payment institution not just orchestration
🪙 Stablecoin use cases for corporate treasury internal movements
🇨🇦 Canadian dollar stablecoin use cases for cross border trade
🌐 Visa stablecoin platform and OUSD settlement for acquirers
📈 Acquirer stablecoin settlement evolution from exchanges to enterprises
⛓️ Onchain FX liquidity challenges and bank involvement potential
💰 Stablecoin supply needed for payment utility versus resting capital
📊 Agentic payments and x402 volume analysis with Artemis report
🤖 Autonomous agent commerce vs human directed agent assistants
***
Timestamps:
00:00 Introduction
1:41 Velocity raises $30 million Series A for stablecoin payments
4:02 Velocity as regulated payment institution not just orchestration
5:11 Stablecoin use cases for corporate treasury internal movements
8:18 Canadian dollar stablecoin use cases for cross border trade
11:29 Visa stablecoin platform and OUSD settlement for acquirers
14:37 Acquirer stablecoin settlement evolution from exchanges to enterprises
23:21 Onchain FX liquidity challenges and bank involvement potential
27:16 DTCC live tokenized stock and treasury trades with major banks
33:41 Stablecoin supply needed for payment utility versus resting capital
39:45 Agentic payments and x402 volume analysis with Artemis report
46:03 Autonomous agent commerce vs human directed agent assistants
***
👉𝘚𝘦𝘢𝘳𝘤𝘩 '𝘛𝘰𝘬𝘦𝘯𝘪𝘻𝘦𝘥 𝘗𝘰𝘥𝘤𝘢𝘴𝘵' 𝘖𝘯 𝘠𝘰𝘶𝘛𝘶𝘣𝘦. 𝘈𝘱𝘱𝘭𝘦, 𝘚𝘱𝘰𝘵𝘪𝘧𝘺 𝘰𝘳 𝘢𝘯𝘺 𝘗𝘰𝘥𝘤𝘢𝘴𝘵 𝘗𝘭𝘢𝘺𝘦𝘳! 👈
Gj retweeted
Welcome to the Forex with Frax family,
@TetraDigitalGrp base:0x16f93ebc5320c89efc8701577efe49d14a276a06 🇨🇦
frxUSD continues to expand its FX pairs globally, as the most trusted and productive stablecoin for liquidity.
[RWA Day 13/31: CADD]
██████░░░░░░░░░░░░░░░
$CADD from @TetraDigitalGrp is live on Hydrex as part of Forex with @fraxfinance.
Stake & earn with the Canadian Dollar stablecoin now.
Gj retweeted
A used Mac Pro off Craigslist for $800, three weeks of upgrades and a $2,070 total build cost.
192GB RAM, an Afterburner card, 8TB NVMe and an eGPU enclosure later, video exports dropped from 18 minutes to 4, three local LLMs run simultaneously without breaking a sweat and models that normally need cloud compute run entirely locally.
Apple wants $12,000 for similar specs. The used market sold him the same hardware for a fraction of that, and the $400 to $600 in monthly API savings paid the whole build back in under 4 months.
Readers added context they thought people might want to know
This video is stolen without credit to the original author, Elite Obsolete Electronics.
youtube.com/shorts/fpBZKIs…
