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Bruce B. Dec 27, 2022 (edited)
Financial Services News
Last active over 7 days
Last active over 7 days
Welcome to the Bullet Point Bulletins Weekly Wrap-Up With Bruce Burke and Tedd Huff of Fintech Confidential. This week we are discussing why Visa is diving deeper into Ethereum. And we’ll be talking about how JPMorgan is investing $800 million for an 48.5% stake in Viva Wallet.
And of course we’re taking a look at how Reddit has created the 4.25 million crypto wallets with Polygon's help. We're also talking about how Polygon itself is creating their own Web3 accelerator program.

A special shout out to Tedd Huff of @Fintech Confidential for his support and interaction on this and many other projects. We'll continue to do this wrap-up every week we are able. It's interesting to discuss these happenings with Tedd. We have some sponsorship opportunities for this weekly show, as well as our daily short-form videos.
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https://youtu.be/yqq-D7gpAm8


Visa Teases Ethereum Collab, Reddit Mints NFTS & More! Bullet Point Bulletins - Weekly ...

Welcome to the Bullet Point Bulletins Weekly Wrap-Up With Bruce Burke and Tedd Huff of Fintech Confidential. This week we are discussing why Visa i...

 
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Bruce B. Dec 26, 2022 (edited)
Financial Services News
Last active over 7 days
Last active over 7 days
Reddit's collectible avatars initiative, which was launched in partnership with Polygon, has been a success. To date, over 5 million NFT collectibles have been minted, which has been a bright spot in an otherwise difficult times.

The total number of minted avatars surpassed the 5 million mark, with over 4.25 million unique wallets holding at least one collectible, according to Polygon and Dune Analytics.

Reddit surpassed OpenSea, one of the largest NFT marketplaces, in total users who own NFTs. While NFTs have had branding issues due to their association with scams, Reddit has simplified the process by using familiar terms and avoiding jargon as much as possible.

This makes user experience design, and community the key to the initiative's success. Reddit also made wallet creation effortless and seamless. Unlike the conventional way of creating wallets today, Reddit creates it for you in a few clicks.

The NFT avatars give users social power within their subreddits. With an avatar, they can stand out in the comments, give high-value awards, and use them as profile pictures.

Through this initiative, Reddit is showing how Web2 platforms, through avatar giveaways, can drive significant adoption in Web3. The initiative's track record of over 5 million minted NFTs demonstrates the potential of familiar and user-friendly social platforms.


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https://youtu.be/bYZcoLVJhe8

Reddit Minted 5 MILLION NFTs Through Their Avatar Profile Picture Initiative. Bullet Po...

Reddit's collectible avatars initiative, which was launched in partnership with Polygon, has been a success. To date, over 5 million NFT collectibl...

 
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Bruce B. Dec 24, 2022
Fintech News
Last active over 7 days
Last active over 7 days
Global payments giant Visa signaled its stronger, sustained interest in crypto, releasing a paper outlining how the firm could one day collaborate with the Ethereum network on automatic payments.

The paper, sparked by an internal company hackathon, details how Ethereum users could—with support from Visa—schedule auto-payments sent from self-custodial crypto wallets.

This capability is not yet possible on the Ethereum mainnet, but would be enabled by a popular Ethereum proposal called “Account Abstraction.”

“We want to have an opportunity to actively contribute to technical developments happening in the crypto ecosystem,” said Catherine Gu, Visa’s Head of Central Bank Digital Currency and Protocols.

“The best way to do that is learning by doing—actually getting deeper into Web3 infrastructures and blockchain protocols, areas I think are going to be really important for payments, said Gu.

“This technology is very nascent right now, but there could be something there down the road. A lot of research needs to be done around fundamental aspects important for payments, like security and scalability.”

“From a payments standpoint, most blockchain networks are not yet scalable enough to process transactions at a really high speed in a secure and trusted way.”

“It's very important to figure out what's the signal and what's the noise. We're taking a much longer-term perspective on this technology. It may have real utility, and that’s why we’re here: to invest more, to do research,” Gu said.

#abstraction5 #selfcustody1 #collaboration6 #selfcustody0 #abstraction9 #selfcustody6 #collaboration #abstraction4 #developments2 #blockchain #abstraction0 #selfcustody8 #collaboration5 #developments1 #abstraction3 #abstraction8 #developments0 #abstraction7 #developments9 #developments8 #collaboration4 #collaboration3 #developments7 #collaboration9 #selfcustody5 #collaboration2 #selfcustody #abstraction2 #developments6 #cryptocurrency #abstraction #collaboration8 #developments5 #capability #selfcustody7 #contribute #collaboration1 #developments #collaboration0 #catherine #selfcustody9 #selfcustody4 #developments4 #selfcustody3 #developments3 #collaboration7 #protocols #selfcustody2 #abstraction6 #abstraction1

https://youtu.be/sJ78LLgywZg

Visa TEASES Ethereum Collab! Aims to ‘Actively Contribute’ to Crypto Development. #Shorts

Global payments giant Visa signaled its stronger, sustained interest in crypto, releasing a paper outlining how the firm could one day collaborate ...

 
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