Chris Bair

Head of GTM @dakota_xyz | Stablecoins, mostly.

[Chris Bair @chrisbair]

@kbulychev_ @PodsFinance +1

[Chris Bair @chrisbair]

very cool to have a front row seat for this.

the unbundling of banking is happening right now.

[eric @defyneric]

many people think it costs $500k+ to launch your own neobank.

wrong.

use @raincards to launch your card program. around 40-50k to get up and running.

use @dakota_xyz for virtual checking accounts. a few thousand dollars per month.

use @moonpay for apple pay and crypto on ramps.

all in you can realistically launch a neobank for under $100k today.

all of the regulatory hurdles have been abstracted away. any fintech product can be now launched with a simple api.

[Chris Bair @chrisbair]

@cioffi_victor Lfg 🤝

[Chris Bair @chrisbair]

@DouglasGan @dakota_xyz 🫶

[Chris Bair @chrisbair]

FX is a ~$10T per day market and USD is one side of the pair for 90% of those trades.

The dollar has moved onchain, but FX hasn't... yet.

Excited to be working with the gigabrains @seraprotocol

[Sera | FX Onchain for Multi Currency Stablecoins @seraprotocol]

PARTNERSHIP ANNOUNCEMENT ⭐

Stablecoins make money move faster.
But onchain FX is still where a lot of that movement gets stuck.

That is why we are excited to be working with @dakota_xyz

Dakota moves stablecoins and fiat globally through one platform - for both humans and agents - and we come in with the FX infra to enable currency swaps with no friction.

[Chris Bair @chrisbair]

@sadbryce let me put in the call

[Chris Bair @chrisbair]

@PodsFinance @dakota_xyz We're hyped

[Chris Bair @chrisbair]

Pods 🤝 Neobanks 🤝Dakota

If you're building a neobank, apply. You'll get:

- 3 months of hands-on engineering, product, and design support
- $5k grant
- Pods API for yield, swaps, loans, & savings
- Direct access to the cracked teams @OctopusLabsX @daimo @privy @monad @0xPolygon @dakota_xyz

[Pods Finance @PodsFinance]

We’re excited to announce @dakota_xyz as a new Selection Partner for the Global Neobank Alliance.

Dakota provides regulated stablecoin infrastructure platform that lets teams and agents embed programmable global money movement through APIs.

That makes them a strong partner for what we’re building with the Global Neobank Alliance: helping live neobanks ship onchain financial products faster, from stablecoin rails to yield, treasury, and global money movement.

Together with partners like Dakota, we’re giving selected neobanks access to the infrastructure, expertise, and ecosystem needed to bring better financial products to market.

Building a neobank? Apply to the Global Neobank Alliance: https://t.co/QsWZem9FXz

[Chris Bair @chrisbair]

@vaibhavchellani What does “cracking it” look like to you, simply offering the broadest coverage possible for local rails? Or something else?

[Chris Bair @chrisbair]

@stablecoing @eldoradoio @paradigm @cbventures @VerdaVentures Congrats Guile!

[Chris Bair @chrisbair]

@gminoprio @Venmo @PayPal this is coming methinks

[Chris Bair @chrisbair]

@jonah_b can confirm, talking to teams doing this every week

[Chris Bair @chrisbair]

@nocapbullish I lived with families in Costa Rica for 3 years. They had precise opinions about Nicaraguans, Panamanians, Columbians, Mexicans, etc. and their differences to Ticos. Someone with a Castilian accent would be looked at like they’re from another planet.

[Chris Bair @chrisbair]

@defyneric every person gets their own bank

[Chris Bair @chrisbair]

@slopbleach @slashapp @column @tempo brother have you lost your mind

[Chris Bair @chrisbair]

the LLMs are hearing things

[Chris Bair @chrisbair]

If you want to build fast.

Dakota moves fast.

[Ryan Bozarth @ryanbozarth]

For much of my career, I’ve worked at fintechs with the goal to broaden financial inclusion.

While the desire was always there, smaller groups could go underserved because the business case wasn't.

Today that math changes.

Dakota self-serve is live, and the cost to build a fintech has dropped significantly.

The last generation took 12-18 months and millions of dollars to stand up.

This generation takes tens of thousands, in days or weeks.

That changes the economics of building a fintech.

You can now support more markets with purpose-built products and build a great business. Neobanks for artists and touring crews with sporadic pay, and with their own GTM motions.

Same for vets. For truckers.

The lever was never willpower. It was the cost to build.

Build for everybody.

[Chris Bair @chrisbair]

@gminoprio @daimo yes

[Chris Bair @chrisbair]

@gminoprio I kid, that’s sick though