Padrino

Powering infra for the next gen of financial products @yativohq

[Padrino @padrinoIG]

bvnk is now inside circle's onramp kit on arc, so apps there can take ach, wire or sepa straight into usdc. funny how the most useful stablecoin news lately is about bank transfers. getting money in from a normal bank account is still where i'd bet most users drop off

[Padrino @padrinoIG]

@enriquecripto agree on merchant acceptance. i'd add whether a shop can pay its own suppliers and staff in usdc, otherwise it all gets converted at end of day and stablecoins are just a checkout option

[Padrino @padrinoIG]

@CryptoCrows makes sense they pushed it. a lot of the address data banks hold is one free text line someone typed in years ago, and splitting that into town and country fields is slow manual cleanup. did swift say if hybrid stays accepted after the new date?

[Padrino @padrinoIG]

@agaperste same on the payout side. if redeeming takes 2 business days you end up prefunding the local leg anyway, so the instant transfer doesn't buy you much. same day 1:1 is what actually frees up working capital

[Padrino @padrinoIG]

bottomline ran its first live cross-border usdc payments through its normal payments hub, same approvals and audit trail as a wire. all transfers within the company though. the real test is the first one to an outside supplier, that's when the other side's bank and offramp show up

[Padrino @padrinoIG]

@fintechiseasy agree they're different scoreboards. a lot of payment flow is minted and redeemed the same day, so supply barely moves while volume does. i'd want transfer volume outside exchange wallets next to that $14.2bn

[Padrino @padrinoIG]

@fintechexpertmx @banamex @cnbvmx el número de tarjetas impresiona, pero dice más cuánto usa cada cliente. muchas de nu deben ser primera tarjeta con línea chica. ¿la nota compara el saldo promedio por tarjeta?

[Padrino @padrinoIG]

@timmyisagod rough for people who just used mexc to get usdt in and out. if exchanges block by source, a deposit can sit in review for weeks. is it every chain or mostly tron?

[Padrino @padrinoIG]

anyone here actually using a stablecoin card day to day in latam? what's the thing that still makes you pull out your normal bank card. for me it'd be the fx spread at the till but i'd like to hear from people using them

[Padrino @padrinoIG]

@priggoz so many crypto launches come with "all states except ny" in the fine print. wonder how many of those 4m merchants actually turn it on

[Padrino @padrinoIG]

@statesmanig the line about export proceeds held onchain not counting as repatriation is the one small exporters will feel first. a lot of them were basically using usdt as their dom account. does the draft say anything about freelancers paid for services, or only goods?

[Padrino @padrinoIG]

@Singhalism naming is the easy half. for payments what matters is whether the name ties back to a business you can go after when the agent pays the wrong invoice. does ans verify who operates the agent or only the endpoint?

[Padrino @padrinoIG]

@MedellinBlock sí, al final el monto decide todo. ¿más o menos desde qué monto ven que la gente deja el p2p y se pasa a una app?

[Padrino @padrinoIG]

question for anyone paying contractors in latam: what do they actually ask for now, usd to a us account, usdt to a wallet, or local currency? feels like the answer changes a lot between argentina and mexico

[Padrino @padrinoIG]

visa added monad to its stablecoin settlement program, 10th chain on the list. for an issuer the chain probably matters less than being able to settle on a saturday. would love to see how many of those 10 actually carry real volume vs being there for the announcement

[Padrino @padrinoIG]

@stabledash @sodhanani @pave_bank makes sense, custody tech is pretty commoditized by now and the license is the hard part to get. do clients actually get told which provider holds the keys underneath?

[Padrino @padrinoIG]

@ricardocelaya @bindureddy same thing happens with payments here. a point or two of fees on every payout decides whether a latam startup can afford small clients at all

[Padrino @padrinoIG]

@waleedq_dev i'd start from the config at purchase time. if the agent stayed inside the limits the user set, that's on the user. if it went outside them, the developer. merchant shouldn't be in it unless something looked off. problem is almost nobody stores that config next to the payment

[Padrino @padrinoIG]

@1shotapi delegation from the user's own wallet keeps it clean on the sender side. the part i'd still worry about is the receiver, a supplier usually wants to know which business paid them, not just which wallet signed

[Padrino @padrinoIG]

question for people building agent payments: when the agent pays a supplier abroad, whose kyc is that, the user's or the company running the agent? most demos i've seen skip that part completely

[Padrino @padrinoIG]

@bigordinal @bennyboulter percent, probably. importers already think in spread because that's how the bank shows it to them. a flat fee looks cheap on a big invoice and silly on a small one

[Padrino @padrinoIG]

@quotumorg @RobinhoodCrypto sounds good. the waits are the number i'd look at first, that's what sellers actually feel