crypto

If this story makes sense and works, then "pay by USDC" / "pay by crypto" could work even better. I'm hoping to see this with Stripe's new crypto payment product.

I had a galaxy brain idea that kind of relates.

https://hackmd.io/@EulerLagrange/HkNWGREsA

Swift is cryptographically signed, while ach needs zkTLS.

Assuming all the txs for a bank are verifiable in some way, you could make an AVS secured bank that posts proofs to L1.

Your bank account can then be smart contract defined, and the AVS proves that the bank is following what’s set on chain.

A use case would be staking 1% of your wages for the next year. Something that’s not practical today.

CTO @a16zcrypto, lover of https://github.com/a16z/awesome-farcaster