Sami Start

Co-Founder & CEO @ Transak

[Sami Start @SamiStart]

Some outstanding questions to answer:
- Who would receive payouts on insurance? E.g. US residents only? How is this defined?
- What triggers a payout on the insurance? And what set of circumstances make it valid
- How would an insurance payout happen? Is there a snapshot of the blockchain that maps who would be paid out to? And would this require KYC on users of stablecoins? Or would the insurance just top up the issuer themselves?
- Does the custody or self-custody situation of the user affect the payout?

[Sami Start @SamiStart]

🧵 1/ People should not lose protections on their money just because the technology behind their banking app changes.

[Sami Start @SamiStart]

6/ It's how stablecoins go from a better technology to money people trust with their lives.

[Sami Start @SamiStart]

Great to see Transak presenting this season of the Money Code podcast. Looking forward to the conversations with @HadickM and @Nick_van_Eck on all things stablecoins.

[Money Code @MoneyCodePod]

We’re proud to welcome @Transak as presenting sponsor of the new season of the Money Code podcast, with new hosts @HadickM and @Nick_van_Eck!

Transak is the payments infrastructure that lets any financial app onboard users to stablecoins and crypto.
Learn more on https://t.co/5os8G3yc5g

Listen and follow: https://t.co/ONFqzJmBZy

[Money Code @MoneyCodePod]

We’re proud to welcome @Transak as presenting sponsor of the new season of the Money Code podcast, with new hosts @HadickM and @Nick_van_Eck!

Transak is the payments infrastructure that lets any financial app onboard users to stablecoins and crypto.
Learn more on https://t.co/5os8G3yc5g

Listen and follow: https://t.co/ONFqzJmBZy

[Barrett Lyon @BarrettLyon]

Today we’re launching https://t.co/RDkfsVglfw, enabling Agentic Defined Networking for everyone. We raised $38M from @a16z, @AnimoVentures and https://t.co/vbtAvydk57.

Create private networks for you and your AI agents, without a server in the middle. 38M+ threats blocked since December.

Our first private-network call was a freedom call. Now it’s your turn.

[Transak @Transak]

In the next 10 years, identity will become reusable and finance will be accessible anywhere in one click, predicts our CEO, @SamiStart.

"Reusable" here refers to the idea where an identity check on one platform can be ported to another.

This creates a better and more coherent experience for users because they do not have to verify their identity from scratch everytime they use a new financial application.

The stepping stone to this future is Transak's KYC Reliance and Auth Reliance products.

KYC Reliance and Auth Reliance allow Transak to safely rely on the KYC checks and authentication performed by apps that use our infrastructure.

As a result, apps integrate Transak can still own the KYC and authentication flows without users having to verify themselves again when using Transak within those apps.

Learn more here → https://t.co/kMtLql5QyD

[Sami Start @SamiStart]

Watch how the disciplined players are entering the stablecoin space.

It's at the bottom of the stack.

[Sami Start @SamiStart]

BlackRock is making one of the smartest moves in the stablecoin industry… by avoiding stablecoins entirely. 🧵

[Sami Start @SamiStart]

But every version of that future involves issuers holding compliant, liquid reserve assets.

BlackRock doesn't need to predict the winner. They're building the product that every possible winner will need.

[Sami Start @SamiStart]

@sagar2803 I don’t disagree. Distribution is part of decentralization

[Sami Start @SamiStart]

Blockchain and decentralization is the most important problem for ambitious people to work on

We are in an age where AI will far exceed human intelligence in the next 10 years. That means that anything you build can and will be built by AIs much better and faster, with zero cost.

This includes building the AI itself. We have already entered the singularity and AI is building the next AI already.

Anything you can do with your career right now is then redundant. Everything except one thing:

If we do not transition to decentralized systems, including blockchain, within the next 10 years, then it will lead to a drastically worse future. It’s a binary outcome, where we need to reach escape velocity on decentralization before we reach escape velocity on centralized ultra-powerful AI.

This means that we must transition the world to decentralized payment rails (blockchain), decentralized monetary policy (Bitcoin/Ethereum), decentralized identity, self-sovereignty of financial and identity assets, and transparent and efficient government and politics (both direct and indirect democracy) through blockchain technology.

At Transak we are in a race against time to build the infrastructure for mainstream adoption of blockchain, crypto, and decentralized identity. If you are interested to learn more then check out our careers page.

[The Factory @WeTheFactory]

The internet should be a decentralized public good. But is it really?

Hear from @samistart of @transak