Harsha Goli

Founder @magnolia_hq | banking 🤝 crypto 🤝 fintech

[Harsha Goli @arshbot]

@david_seroy why would i trust anything that comes after?

my mindset would shift to "how long has this math endured" and instead focus on remediation strength of a money movement.

[Harsha Goli @arshbot]

@freemanjiangg Oh shit how long you staying?

[daylight @daylightco]

we have an early early version of SolOS to show you guys

come join us in SF this Friday evening to try it out!

give us feedback, give us praise, we love u

RSVP below so we can get enough snacks https://t.co/yxN5VyFPjt

[Harsha Goli @arshbot]

@jbahrdestefano @jpmorgan They just have to wait till core vendors and website vendors introduce anti agent measures.

Then you’ll all see!!

[Harsha Goli @arshbot]

> global payouts

Key words. visa direct doesn't support Alice -> Bob, only Alice -> Alice.

[Watcher.Guru @WatcherGuru]

JUST IN: Visa officially launches stablecoin payments through Visa Direct, enabling near-instant global payouts using $USDC across 180+ countries.

[Harsha Goli @arshbot]

@BeccaAmilee Why y’all over corgi?

[Harsha Goli @arshbot]

@KrishRShah Enable wispr flow lmao

[Harsha Goli @arshbot]

@bolau_ @ExtendHQ well then

[Harsha Goli @arshbot]

@ericyakes Commonalities and lessons learned from rent seeking defi whales

[Harsha Goli @arshbot]

@rishabhjava @raincards @ModernTreasury Very comprehensive!

Only thing I could say is inaccurate is CRA doesn't apply because national trusts can't do loans/take deposits.

Background/financial checks are also less intense than the FDIC's IBFR

[Harsha Goli @arshbot]

@CostcoTote I struggle to see a future where trust banks get master accounts without an act of congress.

[Harsha Goli @arshbot]

> real bank

At some point the industry will have a reckoning over this

[DD @jeazous]

Rain just filed to become a real bank.

Yes, you heard that right. This is a major step towards something bigger for Rain, its customers, and the entire industry.

If this goes through, customers get SAFER custody and cleaner stablecoin rails, while Rain gets the regulatory stamp that bigger institutions actually trust.

[Harsha Goli @arshbot]

@AlexH_Johnson technically could backfire and result in fdic insurance for stablecoins held in occ bank trusts

[Harsha Goli @arshbot]

@toddsaunders no, they subsidize the difference of 6 - ~4% from crb

[Harsha Goli @arshbot]

@AlexH_Johnson heard about this a few days ago, my reaction?

"the subprime lender?"

[Harsha Goli @arshbot]

whoever thinks this will result in bank runs hasn't heard of cdns, reg d, or the banks many tools for ensuring deposits are sticky

[Yano 🟪 @JasonYanowitz]

Fascinating.

Chief Economist at Apollo: agents could cause a bank run by sweeping household cash into accounts paying 3-5% instead of the 0.1% national average, causing banks to lose a large share of their cheap deposits.

[Harsha Goli @arshbot]

@AlexH_Johnson Was so great last time. Will have to join the one after this!

[Harsha Goli @arshbot]

Brightline’s funding situation was super cool.

They raised private market by issuing tax advantaged bonds.

The IRS wouldn’t tax ANY income from the bonds, and at 10% that income would be substantial.

Sort of publicly funded, with no risk to the tax payer even in failure!

[Stefan @savram8]

@zerohedge idk why this was ever a private company

it costs you for 2 people close to $400 to go to Orlando from Miami lol

Hopefully state government picks it up

[Harsha Goli @arshbot]

@starkandlime but especially bank presidents!

[Harsha Goli @arshbot]

@lukaivicev Scarcity mindset is one of your sharpest edges