Safe’s Post

New chapter unlocked! I've joined the Safe team as their VP of Engineering, and I feel incredibly inspired to be part of this team that built the world class protocol which secures $100B worth of assets through smart accounts across the Ethereum ecosystem. Ambitious goals, highly mission aligned and very excited for the journey ahead! Thank you for entrusting me to be part of the leadership team Richard Meissner Lukas Schor Tobias Schubotz Christoph Simmchen 💚 🚀

The concept of open banking on truly permissionless crypto rails is finally becoming a reality, with Safe's smart contract accounts being at the epicenter of this revolution. My heartfelt congratulations to the entire Safe team for organizing such an insightful and groundbreaking Safe{Con}2 (Finn • 崇介 • Suzuki 👏)! I found myself fully immersed in the audience, keenly learning and observing the remarkable progress within the ecosystem. A special thank you to Julian Grigo for skillfully moderating our panel on Crypto-Banking and Institutional Adoption. The integration of institutional services like payment rails, banking rails, money, KYC, and anti-financial crime operations with self-custody accounts is indeed the next wave of innovation. Gnosis Pay stands out as a prime example of this trend, connecting Visa as a payment scheme and brx finance as a stablecoin project seamlessly. As we discussed, the vision of creating a modularized staking service that can be plugged into this or other crypto finance use cases so as to allow users to earn staking rewards on top of their savings account is a significant step forward. Figment, as world's leading non-custodial #staking provider, is thrilled to offer premium staking services that guarantee the best risk-adjusted rewards at all times.

𝗬𝗼𝘂𝗿 𝗯𝗮𝗻𝗸 𝗮𝗰𝗰𝗼𝘂𝗻𝘁 𝘄𝗶𝗹𝗹 𝗺𝗼𝘃𝗲 𝗼𝗻𝗰𝗵𝗮𝗶𝗻. 𝐈𝘁 𝘄𝗶𝗹𝗹 𝗳𝗶𝗻𝗮𝗹𝗹𝘆 𝗯𝗲 𝘆𝗼𝘂𝗿𝘀! It wasn't the banks that built the best mobile apps for banking. No, it was mobile-first fintechs like Revolut and Nubank (banking) and Robinhood and TradeRepublic (trading). Yes, banking services improved. Yes, they all have mobile apps now. But the winners are the once-new players, now established fintech leaders. I expect the same for crypto-banking and crypto-payment. I don't believe today's major crypto players (Coinbase, Kraken, Binance) will win the race. While they offer a "true crypto experience" with their embedded self-custody wallets, new innovators starting directly with web3 will be the winners of the new wave of innovation in banking. These new services don't integrate a web3 wallet as CeFi (centralized finance) players but start with the web3 wallet at the center, integrating insti-rails (Stablecoin providers like Monerium for money, Visa/Mastercard for payment, ACH/SEPA as banking rails, Fractal ID or others for banking, AFC-compliance services etc). And the exciting part is: for the first time, the account (almost always a Safe Smart Account) belongs to the user. It's no longer the case that if the user switches banks, they lose their account. In the future, the account moves with the user from service to service. At SafeCon on Thursday (23 May), I will discuss this new crypto-banking with Maike Hornung from Visa, Artiona Bogo from Figment, Marcos Nunes from Gnosis Pay and Joao Zecchin from brx finance. SafeCon is Safe's own conference during Berlin Blockchain Week. For more info on SafeCon, see in thread below.