Bitcoiner and Roboticist @crackeddevs (acq. by Whop) @SatsTerminal
San Francisco
Joined April 2019
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My company crackeddevs has been acquired by Whop
The future of commerce is onchain and Whop will be at the forefront
Whop has acquired @crackeddevs
We set out to build the world’s largest crypto products
And believe Whop will become the biggest of them all
What we’re releasing in the coming days will unlock stablecoins for businesses globally
Stay tuned
@raincards and @ModernTreasury both applied to the OCC for national trust bank charters this week.
How to start a chartered bank in the US:
> Pick the right charter you want (national, state, etc) and the permissible activities
> Recruit a qualified board with relevant banking experience
> Hire an experienced CEO + management team
> Pass background + financial checks
> Submit a 3+ year business plan to show a path to profitability
> Raise sufficient regulatory capital (~25 million)
> Build a capital + liquidity plan
> Build BSA/AML + OFAC programs
> Build the full compliance management system
> Build bank-grade cybersecurity + infosec
> Establish third-party/vendor risk management
> Set up internal controls + independent audit
> Address CRA requirements, if applicable
> Form the legal entity + governance structure
> Handle securities-law requirements for the raise
> Go through public notice and comment
> Receive OCC preliminary approval
> Raise approved capital, generally within 12 months
> Build the bank
> Pass the OCC pre-opening exam
> Obtain any required FDIC/Fed approvals
> Receive final OCC approval and open
> Operate under intense supervision for the first ~3 years
taking a cut of the spend they drive to merchants - sounds like ads might be simpler and more generalized then payments revenue
Winning a Noble Prize and celebrating it with your wife and kids who love you. Second to bringing everyone onchain with stablecoins and self-custody wallets, has to be one of the most peak human experiences possible
this is cool
Create and play mashups with friends in one click.
Introducing Melty!
Readers added context they thought people might want to know
Melty doesn't make the mashups it shows. Its Terms (§1, §6) say mashups come from outside creators, aren't reviewed or scanned for malware, and run with full access to your PC. The Minecraft-in-Elden-Ring mod is by Tobyn Jacobs.
melty.gg/terms
tweaktown.com/news/113855/
x.com/Wubbity/status…
Java retweeted
Fintech is dead
Fully commoditized
Squeezed into the attention economy as a feature
Who could have known
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Java retweeted
On a testé ce matin pour rigoler
Bien que ça reste limité comme White label c’est quand même une folie que ça veut démocratisé l’ouverture d’une neo bank il y aura moyen de prendre des segments de marché intéressant
4 prompt Claude btw
Ceux qui veulent voir
(Faire un deposit de 100k vite fait)
unblockbank.whop.site
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Yes crypto deposits from all assets and chains
checkout docs: docs.whop.com
Global neobanks run on Whop
i tried new Neobank-as-a-business thing by Whop. Some things I noticed:
1/ guys really polished the onboarding. KYC is faster than in all the other banks. I add USDC on Solana and sent a payout to Vietnam in 5 min. Funny part — it does not require KYB, only KYC.
2/ cards really work. Launched 100% my own custom card for free in 5 min.