Future of Payments
summary
Claims a world's first on‑chain self‑custody checking account with debit card, bridging legacy rails and blockchain by speaking Visa ISO messages into an on‑chain account. Back end still uses COBOL and 8–12 intermediaries per card payment; one bank replatform cost $750m and 5 years. Product live since Feb 5 2024 with ~10,000 waitlist, 2,800 cards ordered, nearly $1M volume and ~3,000 payments/week, using partners like Visa and monum.
AI-written summary · about
chapters (7)
- 0:00Modern payments intro
- 1:36Archaic banking back-end problems
- 3:20Blockchain for payments
- 4:24Bridging old and new rails
- 6:56Nois Pay’s on-chain checking account
- 9:21Nois Pay future vision
- 10:48Call to action
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