Proof Money

Buy crypto with Venmo, Cash App, Zelle, Revolut or Wise. A zero-knowledge proof sends USDC to your own wallet in ~2 min. No account freezes. P2P on-ramp.

[Proof Money @GetProofMoney]

How to buy crypto without handing a stranger your ID, bank login or life story. Here's the simple version. 🧵

[Proof Money @GetProofMoney]

Fees are about 1 to 2%, and it takes around 2 minutes. That's what we're building at https://t.co/PzSgA8pHcf. Follow along for simple, honest crypto explained.

[Proof Money @GetProofMoney]

How to buy crypto without handing a stranger your ID, bank login or life story. Here's the simple version. 🧵

[Proof Money @GetProofMoney]

Nobody can run off with your money, because the coins are locked until the proof checks out. You never share your bank login, and the coins go straight to your own wallet.

[Proof Money @GetProofMoney]

@CrusherHODL Burns tied to real trades are the healthy kind: supply only drops when people actually use PulseX. So daily volume is the number to watch. Do you track the burn amount itself or just volume?

[Proof Money @GetProofMoney]

@Borbur Both can be true. Traders cash out in a slump, while banks build rails for the next 10 years. Banks aren't betting on this month. Would a dirham coin change much for people who already use USDT there?

[Proof Money @GetProofMoney]

@CryptoCoffee369 A bank on-ramp is easy, but the coins often sit with the bank first. The real win is when they land straight in your own wallet. Does Old Glory's version send to your wallet or keep them in the app?

[Proof Money @GetProofMoney]

The best fix is not needing trust at all.

Some P2P apps now check a cryptographic proof of the real payment, so coins only unlock once the money truly moved.

Save this for your next trade.

[Proof Money @GetProofMoney]

Buying or selling crypto person to person? The most common scam is a fake payment screenshot. It takes 30 seconds to make one.

How to spot it before you send anything 🧵

#P2P #Crypto

[Proof Money @GetProofMoney]

3. Watch for red flags:
- they rush you
- the sender name doesn't match
- "check your email, I sent it"

Fake "payment received" emails are easy to make. Only trust what you see inside the app itself.

[Proof Money @GetProofMoney]

Square just switched on Bitcoin payments for eligible US shops. 0% fees until Jan 1, then 1%.

The catch: shops get dollars by default. Bitcoin is the pipe, not the savings.

Real adoption is when the shop keeps some. If you ran a shop, would you?

#Square #Bitcoin #Lightning

[Proof Money @GetProofMoney]

$14.2B in stablecoins left crypto in 30 days, the fastest drop since June 2022.

Stablecoins are crypto's cash. When people swap them back to dollars, less money is left to buy.

Watch for this number to start growing again.

#Stablecoins #Bitcoin #Crypto

[glassnode @glassnode]

Stablecoin supply is shrinking fast.

Total supply fell $14.2B in 30 days, the fastest contraction since June 2022.

A turn back to growth would be the first sign of new money.

More on recent buyers, large wallets and bids below price in this week's Week On-chain.

[Proof Money @GetProofMoney]

@CryptoCoffee369 No gas for the first buy fixes the dumbest moment in crypto: you get coins but can't move them because you need a different coin to pay the fee. Newcomers quit right there. Who covers the fee on that first trade?

[Proof Money @GetProofMoney]

@yourfriendSOMMI If a caller's coins drop 74% in a day, the money was made before the post went up. The buyers are the exit. Simple test: did they buy before telling you? What's the worst one you've watched play out?

[Proof Money @GetProofMoney]

Deutsche Bank now holds Bitcoin, Ether and USDC for big clients, approved under EU rules.

Good for adoption. But it's the old deal: the bank holds the keys, you hold a promise.

For your own coins, the safest place is still your own wallet.

#DeutscheBank #SelfCustody #Bitcoin

[Proof Money @GetProofMoney]

21 big banks, including Goldman and Citi, just put $270M behind their own digital dollar, called Project Faro. Target: 2027.

Worth knowing: like USDC and USDT, a bank coin can be frozen by whoever issues it.

Would you hold a bank-made coin?

#ProjectFaro #Stablecoins #Crypto

[Decrypt @DecryptMedia]

Goldman, Citi and Global Banks Commit $270 Million to Challenge Crypto’s Stablecoin Giants

The funding, backing a U.S.-incorporated issuer codenamed “Project Faro,” covers five years of operations as traditional lenders move to challenge crypto-native giants Tether and Circle.
https://t.co/IYw6NUag9a

[Proof Money @GetProofMoney]

@RealIMMORTAL333 @BullBearSwap Ongoing 30% of fees is a big deal, since referrers only earn while the people they bring keep using it. That rewards real users, not one-time signups. Is it paid out in BBS or in the coins traded?