RESEARCH: Credit is the biggest market in finance, around $250T owed worldwide. But the cheapest credit only reaches borrowers large enough to cover the fixed cost of securing a loan. Anvil is built to lower that bar.
Top Trending Coins in CoinRabbit Wallets Last Week
$DEXE
$AMP
$AERO
$VELO
$LINK
Hold any of these? Store, swap, and manage your assets in one secure ecosystem: https://t.co/GpSnD1812l
BREAKING: @FlexaHQ, the network that lets you spend Zcash at Chipotle, Barnes & Noble and more in the US, is now LIVE across 37 SEPA countries.
Spending ZEC in Europe is coming.
Flexa and $AMP community. How do I spend through the Farcaster mini-apps? I have some wrapped BTC. Is that spendable or do I need to convert it to something else first? Going to Ulta Beauty my hair straightener busted LOL...but seriously I need to know how to use the app
Now live in Europe. 🇪🇺
Flexa is expanding its regulated money movement platform across 37 SEPA countries and territories.
Our infrastructure for moving value of any kind across borders and between digital and fiat currencies is now available to the broader European region, giving businesses, institutions, and developers a single regulated platform for moving digital assets and stablecoins wherever they need to go.
One platform. Instant authorization. Guaranteed settlement.
Read the full announcement: https://t.co/yElHPJW6UQ
The US Constitution was the most important political innovation ever, but it's missing two important things:
1) A cap on the growth of government spending
2) A requirement for hard-backed currency
Without them, every democracy drifts toward more debt and eventual loss of reserve currency status (see The Changing World Order). The US is $39T in debt, and adding $1T roughly every 100 days, with interest payments now exceeding the defense budget. There is no mechanism to stop it.
Politicians get elected by promising free stuff using other people's money. Some voters get a benefit today, while the negative impact of the spending goes to future generations who can't vote yet. The incentive structure is broken.
What fixes it? A new constitution somewhere on the frontier (Mars, special economic zones, cyberspace), an amendment that aligns incentives in the current system (politically challenging), or hyper economic growth (AI + robotics + crypto) to outpace inflation.