/biz/ - Business & Finance

>>54266284
Everest is a Identity provider + Financial custodian, and they are building cross-chain utilities such as: in-house fiat ramps, legal KYC/AML as a service, & sybil resistance

And retard is a mentally deficient turbo autist who has been at this for years because he thinks Everest is a threat to his Rose bags (it is)

>>50298737
>>50298836
>>50299155
Its a fairly broad project in scale, (pic related is the way to capture it in a single meme)
Essentially Everest is creating a sybil resistant legal identity for people to interact with DeFi/Dapps and other crypto services crosschain, while meeting meeting KYC/AML regulations globally.

What enables Everest's stack is their (fairly exclusive) MFSA license which they are using to build essentially a legal global bank account & wallet hybrid which is Everwallet. Everwallet is a KYC wallet, generated through a user's biometric liveness test, making every user only able to create a single wallet and Identity; and enables them to meet global KYC/AML standards for interacting cross chain with Privacy focused Zero Knowledge Proofs inside various crypto services as regulations come into place.
Recent Demo of the first itieration of KYC/ZKP:
https://twitter.com/EverestDotOrg/status/1541475946208821250

A primary feature inside the wallet is the CRDT token, a fully programmable stabletoken voucher, which can be custodially fully backed 1:1 to any asset (as Everest is a bank) Fiat currencies as well as stocks, commodities. Currently CRDT has it's first release being directly connecting from a Tradfi ACH rail onto Everest's Everchain, bridging Fiat onto a blockchain 1:1 backed.
First released use case of CRDT is Remittances going directly from USA -> Mexico, cheaper than Traditional More remittance corridors are on the way, aswell as using this same rail to go from Fiat bank <-> to Dapp.
https://twitter.com/EverestDotOrg/status/1537854136154202112
(They beat XRP to the punch, just have yet be acknowledged for it)

New Everest video, Bob doing boolish QA:
https://www.youtube.com/watch?v=G6HwJiSnUoQ

>>49908220
The ACH rails are already live, just limited to remittances currently, more functions are in development. Onboarding to a bank is smooth:
https://twitter.com/EverestDotOrg/status/1537854136154202112

Imagine using a similar process to connect USD directly cross-chain into a Dapp. Last newsletter said they are working on those capabilities for Ethereum + Polygon.