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probably the highlight of your token2049 SG ๐ธ๐ฌexperience, the comfort of leaving the convention back to your hotel
a truly solid vip experience for free ๐ฏ
@KASTxyz@raagulanpathy
This is why KAST is the best at marketing
Crypto Twitter is landing in Singapore for TOKEN2049, and the timeline is full of the same photo: a black van with KAST on the door
What they did:
- invited members got a free private ride from Changi airport to the hotel, with a driver holding their name on a sign
- all spots were taken a day before the deadline
- from Oct 7 to 9, 10 @KASTxyz cars give free rides from the TOKEN2049 entrance, no booking needed
- they did the same at Consensus in Hong Kong in February
Then the guests do the marketing: "W stunt", "best VIP treatment as always", "not even 20 minutes after I landed"
Even the ones who missed out post about it: "Got a grab like pleb", with a SGD 45 receipt
Other cards pay for posts. KAST sends a car, and the posts write themselves
Has your Crypto Card ever done something like this for you?
KAST for Business is now open ๐ฆ
> Open a global USD account
> Issue cards and earn up to 4% cashback
> Pay your team in 170+ countries
Follow for more @KASTbusiness
๐Report: Crypto card spending hit a record $36.82 million on July 20, its highest daily total ever, as @KASTxyz overtook market leader @RedotPay with $13.6 million in volume.
Source: @Paymentscan
E180: KAST Founder: Most crypto neobanks will be gone in 12 months
@raagulanpathy is the founder and CEO of @KASTxyz , a global stablecoin neobank, and a former Circle exec. He raised $80 million at a $600 million valuation on the thesis that the real prize isn't the stablecoin - it's the bank you build on top of it. We get into the money, the grind, and the token decision that pissed a chunk of his community off.
Timestamps
00:00 Introduction
01:58 How Raagulan Decides What Gets Done At KAST
04:35 The Chaos KAST Employees Deal With Daily
05:38 Raagulan's Hiring Philosophy At KAST
07:02 Why Firing Is Harder Than Hiring
08:35 The One Error That Could Kill KAST
09:52 How Raagulan Convinces Stablecoin Skeptics
10:46 What Outsiders Miss About The Payment Industry
12:06 Why KAST Needs So Many Different Departments
18:32 Partnerships: @variational_io & @Bitwise
19:24 Raagulan's Real Take On Fees
21:55 KAST's Best Type Of Customer
23:53 The Thing Raagulan Can't Say Publicly
26:54 Founders Can't Chase All These Three Things At Once
29:04 Raagulan's Experience With GLP-1s
31:39 How KAST Kept Growing When Bitcoin Crashed 50%
34:05 KAST Is On Track For $100 Million In Revenue
36:55 Why KAST Hasn't Blown Up From Overspending
41:04 Why Everyone's Racing To Build Neobanks
42:52 What Makes Neobanks So Hard To Build
44:54 Why Neobanks Keep Shutting Down
45:57 What KAST Offers That Exchanges Can't
49:14 KAST Isn't A Card Business
50:43 How KAST Is Building Momentum
54:57 Raagulan On His Competitors
56:29 Partnerships: KAST & @Trezor
57:33 Kevin's Honest Take On KAST
58:59 What KAST Is Doing With the $80 Million they raised
01:01:55 Would Raagulan Ever Sell Equity?
01:06:57 Who Buys In At A $3B Valuation Next?
01:08:39 Is Your Money Actually Yours Inside KAST
01:10:49 What Happens To Your Money If KAST Collapses
01:17:38 Custodial Vs Self-Custodial: Pros And Cons
01:19:52 Why KAST Obsesses Over Design And Brand
01:22:42 Partnerships: @JupiterExchange & @ethena
01:23:26 KAST Points & Token: Should The KAST Community Feel Cheated?
01:34:13 What's Actually Behind This Tokenized Stock?
01:35:25 The Hill Raagulan Will Die On
01:36:41 One Prediction That Comes True In 5 Years
01:37:59 Is The Worst Behind Us In Crypto?
01:42:57 The One Thing To Remember From This Conversation
01:45:16 Closing Thoughts