We just launched @Infinite Accounts – dedicated accounts, ACH, wires, and stablecoin mint/burn/transfers through a single API.
Banking services by Erebor Bank, N.A., Member FDIC. Stablecoins are not FDIC-insured and may lose value.
https://t.co/86RtkDTW6N
We're offering an exclusive deal on @Infinite Accounts to help @YCombinator portfolio companies scale their global payments programs using stablecoins
If you're a current or previous YC company, DM me to learn more and get set up. More on Infinite Accounts in our launch post below ⤵️
Companies using multiple stablecoin partners often force the same customer through duplicate KYC processes across various portals and user flows.
@infinite cofounder and CEO @nvs explains why that compliance orchestration fails: the requirements across partners evolve constantly, and nobody is stitching the data together intelligently across entities.
When @nvs joined @coinbase after the 2017 crash, $BTC was trading at $3,000. Fifty ex-founders in the building getting together for dinners and watching the same market cycle play out.
Nikhil, cofounder and CEO of @infinite, says this environment taught him what people can actually build in a bear market. He learned to think long term and developed a deep conviction that this future model of reality must exist.
This conviction entirely shaped how Infinite approaches embedded payments.
When Infinite launched, @ycombinator partner and @monzo founder @t_blom advised @nvs to go completely bare metal.
Nikhil, founder and CEO of @infinite, took this literally by stitching bare metal compliance data, fraud prevention, and sponsor banking relationships into a vertically integrated payments stack.
This approach resulted in a developer product built from first principles around the actual end user experience.
Being an entrepreneur is mostly about coming up with an important mission, being unreasonably determined to get there, and being willing to look stupid for many years.
We keep hearing about 10x or 100x productivity gains in engineering and knowledge work.
But outside the model labs, I haven’t seen the corresponding 10-100x revenue growth across the market or increase in quality.
So where is the productivity going?
sending $100M wire costs $0-15
sending $100M of the largest stables costs $30-100k (unless your recipient keeps it in stables)
for true stable adoption, fungibility with dollars >>> exit fees from leaving ecosystem
it’s simple logic
Business has finite games and infinite games. You must play both.
In finite games, there are deadlines to meet. Opportunities to win. Getting to market first. Launching a better product. The objective is to win.
In infinite games, the goal is to keep playing, shape the game to your advantage, and make progress. There are no real winners, but rather just a concept of whether you are ahead or behind, which constantly changes depending on your success metrics. The only losers are those who quit.
You should want to win every finite game you choose to play, but whether you win or lose, you learn and continue on to your next game with the intention to win. The enduring value of a business organization is not measured by those past successes, but by the business's ability to keep succeeding and play the infinite game.