Banks moved dollars from Singapore to New York on a Saturday, over a blockchain @sytaylor just published the clearest breakdown of what banks are building to answer stablecoins, and it is worth your time 👇 - On September 5 Citi and DBS sent dollars from Singapore to New York in minutes, using tokenized deposits on Swift's new ledger. Still a pilot - They are not upgrading the core. One chief architect described 60+ markets, a separate mainframe in each, the code's authors long retired, and no full map of what depends on what - So they route around it. A tokenized deposit is a bank balance represented on a blockchain, still a claim on the bank, with a second way to move - Nothing actually travels. Bank A signs an IOU to Bank B on a shared ledger, Bank B credits the supplier on Saturday, and the two banks net out what they owe each other on Monday - The ledger is shared because no bank wants to trust another bank's database. Keeping parties that do not trust each other in sync is the one thing blockchains are good at - Citi's Services made $21.3B in 2025, JPMorgan's Payments $19.3B. That is the revenue all of this is defending Bullish?

Infini corporate Crypto Cards: 2% back with no cap, $10 a card, no monthly fee Three virtual cards, all funded from one business balance: - Pro: Visa, 2% on all eligible purchases, 1% FX. Does not work with ChatGPT, Claude, Cursor or Apple Pay - AI: Mastercard, US merchants only, 2% on AI tools and ad spend. ChatGPT, Claude, Cursor and OpenRouter work, Amazon and Netflix do not - Lite: Visa, no cashback, 3% FX, the only one with Apple Pay and Google Pay - Cashback is calculated monthly and paid in stablecoins, uncapped - $10 per card, up to 100 cards on a KYB account, $1 a card for batches of 100+, bulk issuance through the API - Limit is $20,000 per transaction, refunds cost 1% - Idle stablecoins can sit in their Earn product at up to 8% APY, no lockup - Access is gated: KYB, supported entity types and countries only On the personal side the same 2% and 1% FX come on a Visa with no monthly fee Has anyone here used the @0xinfini card?

KAST opened Crypto Cards for companies: 3% back with no cap on the free plan - paid plan: 4% on the first $1M in spend, then 3% with no cap - every rate here includes a 1% launch bonus that ends with 2026, so the free plan is 2% after that - up to 12% APY on idle cash while that bonus runs, 8% after - first 100 businesses get 5% net back on ad spend until the end of September - hundreds of virtual cards for the team, limits you set, payouts in 18+ currencies Access is gated: a business email, a company on the paperwork, and @KASTxyz decides who gets in On the personal side 3% costs $10,000 a year and stops at $40,000 a month Which business Crypto Card wants to put its terms next to this?

Looking for the best Crypto Card in Europe. Test #9# In my tests I pay with different Crypto Cards under the same conditions: same shop, same minute, same amount. Then I compare which one converted dollars into euros best, where the fees are hiding, and whose cashback is actually honest. These are real purchases with real receipts, and that is where the truth shows up These seven have all finished first or second on the rate before The basket was EUR 11.17, seven paper receipts. This time it is only the rate, no cashback What each card charged for EUR 11.17: - @ether_fi : $12.92 - @Backpack : $12.93 - @wirexapp : $12.93 - @krak : $13.05 - @MetaMask : $13.05 - @avici : $13.07 - @coca_card : $13.09 The mid market rate that minute, what Google shows you for EUR to USD, made it $12.92 Three cards stayed there. The other four all take about 1%, just not in the same place Krak, help me out here. The paper receipt says EUR 11.17. Your app says EUR 11.28, calls the purchase $12.92, then takes 13.0458 USDC, and prints Fees $0.00. Which one of those is the real number? 1.3% between the cleanest rate and the priciest one. On EUR 2,000 of spend abroad that is about EUR 26 a month Does your card even show you the rate it used?

I compared 8 crypto cards in China. Test #8# Same merchant, same basket, an Alipay QR in Shanghai. ¥110.20 on every card, rate only this time, no cashback. Here is what each one took: - @Backpack : $16.33 - @wirexapp : $16.43 - @krak : $16.43 - @avici : $16.53 - @jup_mobile : $16.53 - @ether_fi : $16.53 - @Plasma : $16.63 - @Bybit_Official : $16.63 Only Jupiter and Bybit show the fee as its own line, 1% and 2%. The rest just show one number Thirty cents looks like nothing. On a $3,000 trip that same gap works out to about $50, before any cashback Asia, which crypto cards are you actually paying with?

Who actually issues your Crypto Card? Not the app on your phone. You do not hold your card either, a licensed company does, and almost no project puts its name where you would look. It is public information, it just sits in terms nobody opens Kulipa shut down last week and the cards of two apps died with it, while both apps kept working fine - @raincards : 70.7% of the volume and more active wallets than anyone. Issues through Nimbus LLC out of Puerto Rico, licensed as a money transmitter - @wirexdevelopers : 24.2% of the volume, and most of that is not its own card. It issues for other brands, and in Europe even your Wirex card comes from Transact Payments Malta, a Gibraltar group renting out its licence - @Monavate_News : two entities, one in the UK and one in Lithuania. In December the Bank of Lithuania fined the Lithuanian one EUR 270,000 and banned it from working with six partners. Kulipa was one of them - Xfers in Singapore : Visa, Singapore BINs. It issues the Singapore programme of @RedotPay - @reapglobal in Hong Kong : Visa, Asian BINs. It issues the Hong Kong programme of the same card, on a business BIN - @Wallester_com in Estonia : Visa member since 2018, white label and BIN sponsorship, mostly EU programs - @SunrateOfficial in Singapore and Hong Kong : licensed in both, corporate programs rather than consumer ones - Sutton Bank in Ohio : an actual state bank, FDIC member, 11M cards issued. A US BIN instead of an offshore one - Bolt in Australia : principal member on its own licence, and the issuer behind @Backpack When Kulipa went down the cards stopped working over a couple of days, and nobody lost a cent. That was not luck. Those cards were self custodial, the money never sat with the issuer, it left your own wallet at the moment you paid Do you know which one yours is?

ethereum:0x228bec415ade4b61d7caf0adf8c91eac587ba369 just hit its all-time low. 18 days before my first airdrop even unlocks 👇 @useTria is a crypto card with one of the highest cashbacks on the market, plus airdrops on top. Here's how my rewards aged: - Season 1 airdrop: ~$490 when I posted this in May, ~$91 today. Still locked - Season 2 airdrop: claimed at $234, force-staked for a year. $49 now - cashback: locked for 3 months, lands end of August ethereum:0x228bec415ade4b61d7caf0adf8c91eac587ba369 is down 84% from its $0.05 top in under 4 months. By the time a Tria reward unlocks, there isn't much reward left. Would you farm rewards you can't touch?

I compared 6 crypto cards on the exact same purchase in Europe. Test #5# 👇 Same store, same EUR 9.69, same minute. Here's the all-in cost after cashback: - @ether_fi : $10.72 - @Plasma : $10.93 - @Backpack : $11.07 - @lava_xyz : $11.10 - @jup_mobile : $11.22 - @KASTxyz : $11.25 Same groceries, but a 5% gap between cheapest and priciest. FX spread, fees and cashback decide everything. Etherfi wins again, best rate plus onchain cashback. KAST is the priciest for the second test in a row, worst FX and a low-value fee on top. The wild part: all three newcomers ran cleaner rates than Plasma, but zero cashback. Plasma's 3% back still carried it to second. Your custom matchups are next. Which combo should I run first?

Crypto Cards For Business: 9 Projects Worth Knowing 👇 Serious money is moving in. Kraken just paid $600M for one of them, another is a fresh $1.4B unicorn. Here's what each one actually offers: - @slashapp : the $1.4B unicorn. Unlimited Visa cards, its own USDSL stablecoin, $2.1B+ spent through cards. US-first, but new Global Cards open it to companies worldwide - @reapglobal : the one Kraken bought. Credit cards backed 1:1 by your USDC/USDT, 22,000+ businesses, already profitable - @FlexSuperApp : the tradfi one coming to crypto. 5 years of fiat-only banking, about $10B a year in payment volume, and now they're adding stablecoin support - @0xinfini : the transparent one, every fee is public. Virtual Visa cards with 1.5% cashback, including an AI card built for OpenAI and ad spend - @altitude : the self-custody one, from the Squads team. Up to 2% cashback in USDC plus 3.25% on idle balances - @wirexapp : the 2014 veteran. Corporate IBANs, zero FX on stablecoin spending, up to 6% yield. Business pricing sits behind a sales call - @koshmoney : the cheapest FX on this list, 0.5%. Visa Platinum from $9 a year, payroll to 90+ countries - @allscaleio : stablecoin payroll and invoicing live in 100+ countries. The card itself is still coming soon - @KASTxyz : business version is waitlist only, full rollout promised in Q3 Business spend looks like the next battleground for crypto cards. Which one would you trust with your company's money?

I compared 5 crypto cards on the exact same purchase in Europe. Test #4# 👇 Same store, same EUR 7.65, same minute. Here's the all-in cost after cashback: - @ether_fi : $8.48 - @Krak : $8.58 - @Plasma : $8.63 - @wirexapp : $8.82 - @KASTxyz : $9.03 Same grocery run, but a 6.5% gap between cheapest and priciest. It comes down to FX spread, fees and cashback. Etherfi took it on the best rate plus onchain cashback. KAST charged the worst FX and a low-value fee on top. What should I test next?