Founders

Has anyone here thought deeply about large payments? For example, why can I only send less than $10,000 via PayPal? 

If you have, I’d love to speak with you. My DMs are open!

Helping build @midao. Probably on the water if I’m not thinking about crypto. /eagles /betting /off-grid

Farcaster-native research: https://paragraph.xyz/@matthewb | prev. Juicebox, Nouns, RAW DAO | casting about coffee, hi-fi, and other rabbit holes

Still if I KYC, why can’t I send more than 10k to someone? Wouldn’t a tool like Bridge let me send as much USDC as I want to someone?

Then someone could technically receive that in USD? Someone just needs to build the front end. Now I kind’ve want to do it.

I’ve thought deeply about how incredibly stupid AML laws are, yes

https://warpcast.com/leohenkels/0x9234908b

Yeah.  

Those are Maximums for individuals and corps to do online wires without additional approval. 

Anything above that normally goes thru additional checks and compliance. 

So a lot of apps that integrate with the traditional wire system keep max’s below that to reduce risk and checks etc from my understanding. 

Aka long live crypto.