AVZ

Notes on money and the tech moving it // AI, Crypto Cards, Fintech

[AVZ @avzcrypto]

@CryptoWhales_X CHILLCAT

[AVZ @avzcrypto]

are you one of those people who make money with crypto?

[AVZ @avzcrypto]

@Ola_anobi1 Absolutely 👍🤝

[AVZ @avzcrypto]

✌️

[AVZ @avzcrypto]

Four onchain neobanks that clear the same bar: a personal IBAN in your name, salary payments in, third party transfers from other people, and 0% FX when you spend EUR.

@Krak, @wirexapp, @coca_card and @BleapApp. All four at €0 for incoming and outgoing SEPA.

Worth a look if you earn in EUR and spend in EUR.

[Daniel @0xDani]

https://t.co/R9BGOSqPoG

[AVZ @avzcrypto]

Which @ether_fi Crypto Card should you take?
I compared all four levels, from free to $500K

CORE
Free for everyone
- 3% cashback, up to $2K
- 1 free virtual card, physical for $60
- Airport lounge access
- Estimated annual value $1,000, all of it cashback

LUXE
$199 a year, or $15K in Liquid, or 30K ETHFI, or 5K points
- 3% cashback, up to $10K
- 10% off subscriptions, up to $10/mo
- 2 virtual cards, 1 free physical, 2 lounge passes
- Estimated annual value $5,605
- Cashback $5,400 · subscriptions $120 · lounges $85

PINNACLE
$999 a year, or $100K in Liquid, or 150K ETHFI, or 25K points
- 3% cashback, up to $50K
- 20% off subscriptions, up to $20/mo
- 10 virtual cards, free ATM withdrawals, unlimited lounges
- Account manager on Telegram and WhatsApp
- Estimated annual value $28,920
- Cashback $27,000 · lounges $1,500 · subscriptions $240 · fast track $180

VIP
$500K in Liquid, or 500K ETHFI
- 4% cashback, up to $50K
- 30% off subscriptions, up to $30/mo
- Unlimited virtual cards, support from the CEO, access to Ventures
- Estimated annual value $50,160
- Cashback $28,000 · events $14,000 · hotels $6,000 · lounges $1,680 · subscriptions $480

Same at every level
5% travel cashback, up to 65% off hotels and flights, Visa concierge, global eSIM, lounge access, flight, medical, baggage, auto rental and purchase coverage, balance protection, identity theft protection.

Airport lounges and airport fast track are marked Q4 on their page.

Which one are you on?

[AVZ @avzcrypto]

@0xfablo @RedotPay @ether_fi @KASTxyz @wirexapp @useTria of course. regulation = increase in new users

[AVZ @avzcrypto]

Crypto card holders spent 758.8 million dollars in July, all settled in stablecoins

Where that spending went:

@RedotPay - $395.1M (52%)
@ether_fi - $100.3M (13%)
@KASTxyz - $89.6M (12%)
Other (16) - $59.16M (8%)
Karta - $58.39M (8%)
@wirexapp - $24.98M (3%)
@useTria - $16.04M (2%)
@Plasma One - $15.18M (2%)

One card still takes over half of all spend. But five others now clear eight figures a month each. Eighteen months ago this was a one-card market. It is now a category.

[a16z crypto @a16zcrypto]

Stablecoins are increasingly being spent by card swipe.

Crypto payment cards have gone from a novelty to more than $750 million in monthly spend. These cards let people pay with crypto anywhere traditional card networks are accepted. Behind the scenes, the crypto — stablecoins, overwhelmingly — gets converted to local currency at the point of sale, so the payments look like any other card transactions to merchants.

Crypto cardholders don’t require a traditional bank account. Depending on the program, users either deposit stablecoins with a card issuer, or hold them directly onchain through self-custody. Crypto cards expand people’s access to U.S. dollar accounts globally, and they offer a convenient way for stablecoin holders to transact.

[AVZ @avzcrypto]

@Ben19042017 I think we are at the starting point

[AVZ @avzcrypto]

Crypto payment cards processed nearly 9 million transactions in July, up from 5.2 million a year earlier, approximately 69% year over year growth on settled spending.

Average transaction size was 86 dollars, consistent with routine consumer spending rather than high-value purchases.

Concentration remains high. @RedotPay holds the majority of volume, though other programs (@ether_fi , @BitgetWallet, @wirexapp, @gnosispay) have gradually gained share. The category has shifted from a single dominant issuer to a competitive market over twelve months.

Notably, growth is now driven by everyday payment activity rather than speculation, which is a more meaningful signal for long term adoption.

[AVZ @avzcrypto]

@cb_doge still watching.

[AVZ @avzcrypto]

Big shift for creators on X today 🙌

Revenue Sharing is closed to new sign-ups. The new program pays for original content only: writing, analysis, graphics, firsthand reporting, and commentary that adds perspective.

Reposting someone else's work with a caption no longer counts. The value has to come from what you add.

Curation still works, but only if you bring something to the table 🫡

[Creators @XCreators]

https://t.co/Oy1nZbisbA

[AVZ @avzcrypto]

@Usoppu Is it possible to use multiple accounts? 😁

[Kimi.ai @Kimi_Moonshot]

Kimi K3 has received far more love than we expected, and our GPUs are feeling it.

Over the past 48 hours, demand has pushed close to the limits of our current capacity. To protect the experience of existing subscribers, we're temporarily pausing new subscriptions and prioritizing compute for current members. Existing subscribed users are not affected.

We're adding capacity as fast as we can and will reopen new subscription spots in batches.

Going forward, we'll also split membership into two more focused plans: Kimi Membership for Kimi Web, App, and Work; and Kimi Code Membership for coding workflows. This will help us match compute more precisely and keep the experience stable.

Thank you for your patience and understanding!

[Kekius Maximus @Kekius_Sage]

Elon Musk and Sam Altman travel back in time to change the present. 🤣

Made with Grok Imagine.

[AVZ @avzcrypto]

@Polymarket hugeeeee

[Arena.ai @arena]

Big news: Kimi-K3 by @Kimi_Moonshot is now #1 in the Frontend Code Arena with 1679 pts, surpassing Claude Fable 5.

This is a 17-place jump from Kimi-k2.6 (#18 -> #1).

In Frontend, Kimi-K3 ranked #1 in 6 of 7 domains: Brand & Marketing, Reference-Based Design, Data & Analytics, Consumer Product, Simulations, and Content Creation Tools, landing #2 only in Gaming behind Fable 5.

The full model weights will be released by July 27.

Congrats to the @Kimi_Moonshot team on this major milestone!