/biz/ - Business & Finance

>>56126751
Everest is the only entity on this list with banking license and therefore the only one that can verify identity in a way that big banks will accept. They were also smart enough to get the license in Malta which means they will be grandfathered into the EU system as a bank once MiCA is adopted. I realize that most of /biz/ is too stupid to understand the implications of this but once you've spent a few hours reading the actual legislation and listening to what central bankers have been saying it's obvious that they are the first movers in this space. Note that this is a separate issue from privately issued programmable stablecions/private CBDCs where they have another first mover advantage since they can issue tokens that never leave custodial services and therefore aren't considered a threat by central banks.

>>54374721
Few months ago launched their Chainlink Node:
https://developer.everest.org/#everest-identity-oracle

In the last few weeks:
Launched their Foundation DAO website, with a public demo of their payment widget:
https://foundationnetwork.org/

Delivered payment off ramp in the widget for all of EU just yesterday:
https://twitter.com/EverestDotOrg/status/1640775557704036354

>>54282682
And have the MFSA step in
to defend it's sovereignty?

>>54270943
Make vs Buy Compwiance

DEXes, fow exampwe, wiww nyeed to adhewe to the abuv, and be fowced into a Make vs. Buy decision fow a fuww compwiance suite. If they “make”, they’ww nyot onwy nyeed a pwethowa of dispawate capabiwities that 99% of them cuwwentwy do nyot possess, but they wiww awso be in the awkwawd position of howding usew identity data; a position they weawwy don’t want to be in. This is nyot a viabwe sowution fow DeFi pwayews, as it is costwy and bweaks the fundamentaw sociaw contwact with usews.

>>54263574
>Talking about eIDAS and MIDAS and not MiCA
https://www.coindesk.com/policy/2023/03/20/eus-mica-crypto-law-debate-scheduled-for-april-18/
Being voted on in a month and only Everest meets the standards to provide regulation as a service.
>Every crypto service will need to verify user Identity
>Every crypto service will need to run KYC/AML
>Must have a custodial license or utilize one via proxy

>>51548929
>where are you Everest fags?
Biding our time.

>>50828666
and my uncle who works at Nintendo.

>>50774496
Imagine giving every Latin American access to the global financial system through a digital bank account, 70% of them don't have a bank account. Bitso is quickly expanding through the region and Everest greatly is increasing their toolset.

https://www.forbes.com/sites/billybambrough/2020/12/09/ripple-backed-bitcoin-and-crypto-exchange-bitso-reveals-62-million-funding-round-to-conquer-brazil/

>>50720023
Yes. Their US/MEX remittance rail is already live, and with Bitso partnership they are immediately moving up to billions in volume per year. Will grow quickly seeing as they are faster, cheaper and more accessible.

and this BRI bank partnership will be the foray into Indonesia:
https://www.finextra.com/pressarticle/82062/everest-partners-with-bri-remittance-to-fuel-indonesia-europe-remittance-corridor

>>50576727
Basically:
CBDCs are going to force national currencies and economies to be more competitive, by giving mass retail access. People of a country can choose to hold a more desireable currency than their home currency.

With an Everwallet people will have this easy access to Forex trading and swapping.

Say you work a job in the USA, and collect direct deposit in USD to your Everwallet, you can set it up to immediately turn your USD into Yen. When you make a payment locally the Yen can be swapped back to USD.

>>50450963
Ha, funny
gtfo with awful FUD

>>50382250
see
>>50381190

Well this explains why Africa isn't on the Remittance roadmap.

>>50244293
https://www.youtube.com/watch?v=Y99tF0kvYyY
https://www.youtube.com/watch?v=G6HwJiSnUoQ
They've done some videos recently on that status of Everchain's Testnet.

Also a demonstration of using Everchain to connect to Trad-Fi rails to run remittances:
https://www.youtube.com/watch?v=8QtoM-CCw6Y

>>50188556
The team spent their money on integrating a trad-fi rail onto a Blockchain, which they did. They are the only company licensed for global custodial + regulatory compliance. They built the bridge that is going to enable crypto for common use.

>>50185029
Actually the whales are weebs.

>>50182858
Put it all into Everest ID, remittances just launched as their first usecase and that's a market that grows in a recession.

>>50102852
>All the elements to run a full society