I have been teasing a story for a minute. Here is a 🧵 of what is going on

TL;DR: After a bunch of pain and suffering we are launching our off ramp product: A simple personal offramp! You can sign up for the waitlist at skyteller.xyz.

We are going to prioritize farcaster users for onboarding over the next few weeks

A normal person doing normal things. Retweeting things @ harper.twitter. Answering emails @ harper@modest.com

We set out to build a really neat solution for off-ramps that would work for everyone, but particularly people working in crypto. That solution: debit cards!

This wasn’t our first debit card rodeo - our team had launched one of the first PayPal debit cards, the Venmo card (remember the dough lol), and built a lot of Venmo infra, so we were confident we could pull this off.😎

We built out a really neat product, settled on some great partners, and even got bank approval, network approval and general approval pretty quickly!

We thought we were making great progress, but then right before deploying our test cards in market, our partner asked us to wait until Q1 2023  “due to an audit by the card network.” This was right after FTX so I knew we were  in trouble.

We waited patiently, but then our partner came back with some challenges. We fixed the issues, but then our partner dropped a bombshell: they just didn't want to work with crypto companies anymore. We were pretty devastated!😔

But we didn't give up. We found another bank that was excited about our progress, but then they paused all programs until they could figure out what was going on in crypto. After talking to a few more bank partners, we realized that — right now — a self-custodial debit card program is probably untenable.

We didn't want to stop building off-ramps, though!🛣️

So we pivoted and built a product that lets you get an eth address that is directly connected to your bank account. This allows you to seamlessly off-ramp anything from ETH mainnet into fiat! It's like having your own personal simple off-ramp.

For example, if you send USDC/ETH/etc to "cash.harper.eth," it would be deposited into my personal bank account. Try it! JKJK. 🤑

You can sign up for the waitlist here: skyteller.xyz

There are so many neat use cases for this new product. You can add your off-ramp address as your NFT marketplace royalty address and have your royalties deposited directly into your bank account.

You can set up a payment splitter and have this ETH address be one of the addresses for pushing 40% of your crypto earnings to your fiat account for taxes.

You can add this to your ENS address (cash.harper.eth) and then have people pay you directly in USD to cover fiat things like pizza!

Your parents could set this up and then you could send them crypto and have it magically appear in their bank account!🚀

We're launching this over the next six weeks (slowly but surely) and we're excited to share it with you all. You can sign up for the waitlist at skyteller.xyz. We will be prioritizing farcaster users! The journey has been hard, but we're excited to revolutionize off-ramps for crypto together!🌟

If you happen to be at eth denver, you should find @jordanho and get him to give you a skyteller neck tattoo. growth hacks, amirite?

Shout out to the galactic team (@jordanho, @ashleyd, @gauri) and the bridge team (@sean and @z-a) for making this happen.

Back in early 2022, we got really into off-ramps in the crypto world. We knew that without a good off-ramp, the ecosystem limits who can participate. 

If we want web3 to be what we all know it can be, participants need to be able to buy groceries, pay for childcare, and (most importantly) buy tacos!

Head of Institutional Growth at /solana Foundation. /wine host 🍷 nick.vc Anyone can cook. 

yeaaa! we are making it easier! like in 3 weeks it is going to be easy af

Discover the best new web3 projects /launchcaster · https://nf.td/launchcaster

@launch Skyteller - A simple personal off-ramp

Amazing work by the way. And big congrats!

very cool - signed up for the waitlist, but doesn't see my ENS domain andyjagoe.eth. am i missing something?

Harper

This sounds incredibly cool. Once a user off-ramps funds onto tradfi rails, do the funds go to a preexisting bank account or a new one that Skyteller sets up?