Shownotes
"Join the digital dollar madness with Visa as they settle high-value payments in USDC on Ethereum's blockchain. Tune in for the ultimate trifecta of W3E esports tournaments and see Binance's latest moves in the crypto world. Don't miss out on the risk and excitement of FUD, the FTX debt token. Explore the hilarious world of crypto politics in "The Great Bridge Debate: Wormhole vs LayerZero." And buckle up for the ride with Keith Wilson, the automotive kingpin of Web3, as he bridges the gap between the car industry and blockchain. Get ready for the wild ride of the crypto world on our show!"
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The Web3 Stories that we dive into on this episode.
1️⃣ W3E, a Web3 esports platform, has announced a new series of Web3 esports tournaments.
2️⃣ Binance has ended its relationship with the Indian cryptocurrency exchange, WazirX.
3️⃣ Andreessen Horowitz (a16z) has voted against a proposal to deploy Uniswap v3 on the Binance Chain.
4️⃣ Justin Sun, the founder of TRON, has publicly supported the FTX Debt token, which some believe could be a violation of securities laws.
5️⃣ Binance has launched a tax tool for cryptocurrency traders in France and Canada.
6️⃣ Visa is exploring the possibility of using USDC for high-value settlement payments on the Ethereum blockchain.
7️⃣ Keith Wilson, the founder and CEO of Klearcoat Labs, is working to build a bridge between the automotive industry and the Web3 community.
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This is a production of Diamond D3 Media, with All Rights Reserved. This is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. We strive to provide accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. You comply and understand that you should use any of this information at your own risk. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.
ABOUT:
Tedd Huff: President & Founder of Diamond D3, a professional services consulting firm focused on global payments and marketing. He is also a video podcast host and producer of Fintech Confidential and Head of Corporate Strategy at Corvia.
Over the past 24 years, he has contributed to FinTech startups as an Advisory Board Member, Co-Founder, and Chief Experience Officer, providing strategic and tactical direction for Global Payments OpenEdge, Heartland Payments, Nuvei, and TSYS, among others, focusing on growth while delivering innovation, process improvements and user experience-driven value to simplify the complexity of payments.
Diamond D3, Media: A media creation, management, and production company delivering engaging content globally
Transcripts
,,,,,,,,,,,,,,,,,,,,,,;;;;;;;;;;;;;;;;;;;;;;; " Tedd Huff - 002: Support provided
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Speaker:"Welcome to Web3 with FTC by Fintech Confidential, the place where we
Speaker:keep you up-to-date on the latest developments in world of Web3,
Speaker:Crypto, Blockchain, NFTs, and Fintech.
Speaker:We have some twists and turns on todays show so hang on
Speaker:until the end of the episode.
Speaker:Lets get started with a few quick hits before we dive in to the details.
Speaker:Visa is joining the crypto craze and taking the settlement
Speaker:payment scene by storm.
Speaker:They're looking to settle high-value payments in USDC, backed by the almighty
Speaker:US dollar, on Ethereum's block chain.
Speaker:It's like converting foreign currency, but with a digital twist.
Speaker:So, if you're a fintech who's all about that crypto life, Visa asks; Who says
Speaker:you can't mix business with pleasure?
Speaker:Buckle up, it's about to get wild in the world of digital payments.
Speaker:Ready Player 1...
Speaker:W3E, the Web3 e sports mastermind, brings you the ultimate trifecta of
Speaker:tournaments.With the futuristic arena of EV.IO, a first-person shooter on
Speaker:Solana, as the backdrop, Web3 gaming is set to take the e-sports world by storm.
Speaker:Will you be joining the hype train or getting left behind?
Speaker:Binance and WazirX have ended their love affair and it's not pretty.
Speaker:Binance cut ties with the Indian crypto exchange after some public
Speaker:disagreement and false statements.
Speaker:Meanwhile, Binance has launched a new tax tool for crypto traders in
Speaker:France and Canada, But don't worry, Binance is considering adding more
Speaker:integrations in the future, so stay tuned for more love, and tax stories."
Speaker:Get ready for the wild ride of the crypto world with FUD!
Speaker:The latest brainchild of Justin Sun, founder of exchange Huobi, FUD is the
Speaker:FTX debt token with an initial supply of 20 million and each valued at $1.
Speaker:But hold on tight, because this token may be breaching securities laws.
Speaker:Will you take the risk and join in on the fun?
Speaker:"In the world of crypto, a vote by A 16 Z can make or break a proposal.
Speaker:And in this case, Andreessen Horowitz (a16z) just cast the deciding "no"
Speaker:vote on deploying Uniswap v3 on the BNB Chain using the Wormhole bridge.
Speaker:Keith Wilson, the automotive kingpin of the Web3 world takes
Speaker:us on the ride of a lifetime!
Speaker:This Mississippi native is the CEO of Klearcoat Labs and he's bridging
Speaker:the gap between the car industry and the blockchain community.
Speaker:With experience at Ford, Peugeot, and Rivian, this man knows
Speaker:his way around the fast lane.
Speaker:So buckle up, put your foot on the accelerator and hear more about what he
Speaker:is doing with Web3 and the Auto industry.
Speaker:there you have the quick hits.
Speaker:Now its time to dive in to more details of these storiesright here on Web3 with FTC."
Speaker:W3E, the organizer of the world’s first live Web3 esports
Speaker:tournament, has announced three new tournaments to keep the excitement
Speaker:alive in the Web3 esports scene.
Speaker:The W3E Creator Championships, W3E Company Clash, and W3E Premier League
Speaker:will take place in the futuristic arena of EV.IO, a first-person shooter on Solana.
Speaker:On Feb.
Speaker:23, 2023, the W3E Creator Championships will gather well-known content
Speaker:creators and Web3 personalities.
Speaker:The next day, eight Web3 companies will fight in the W3E Company Clash.
Speaker:The W3E Premier League, a 15-week tournament, will start on March 9
Speaker:and feature 16 esports teams battling to rank in a point-based system.
Speaker:The rise of competitive games in Web3 gaming has sparked new interest in the
Speaker:industry, with over $4 billion invested in 2022 according to Metaverse Post’s report.
Speaker:Esports could be the way to onboard new users into Web3, offering familiar
Speaker:gameplay, intense competition, and unique monetization models.
Speaker:While the Web3 esports scene is still young, the enthusiasm and
Speaker:passion for it are undeniable.
Speaker:Web3 games, including EV.IO, are developing an ever-growing
Speaker:audience, and esports could be the key to attracting more gamers to
Speaker:this rapidly growing ecosystem.
Speaker:Next up
Speaker:Binance has announced it will no longer allow Indian cryptocurrency
Speaker:exchange WazirX to use its wallet services due to a public disagreement
Speaker:between the two companies.
Speaker:WazirX’s operator, Zanmai, has been given until February 3rd to
Speaker:transfer all funds from the accounts utilized for Wazirx’s operations.
Speaker:Binance has emphasized that it only offered wallet services to Zanmai as a
Speaker:technical solution for WazirX and took issue with Zanmai’s misleading claims
Speaker:about Binance’s alleged involvement and responsibility in operating the exchange.
Speaker:Binance presented Zanmai with the option to retract their false
Speaker:statements or terminate the use of Binance’s services, leading to the
Speaker:termination of the partnership.
Speaker:The move by Binance highlights the growing concerns among cryptocurrency companies
Speaker:about the regulatory environment in India, with Binance CEO Changpeng Zhao
Speaker:stating that India is not a promising market due to the country’s strict
Speaker:regulations and substantial tax structure.
Speaker:Despite this, Binance continues to expand its global operations,
Speaker:obtaining licenses in seven European countries and making investments
Speaker:in Korean and Japanese exchanges.
Speaker:We are not done with Binance news today.
Speaker:Binance has launched a new tax tool for crypto traders in France and Canada.
Speaker:The tool will allow users to calculate the tax associated with their crypto
Speaker:trading activity and provide a report of their gains or losses made using Binance.
Speaker:The new tax tool, which supports up to 100,000 transactions, is currently
Speaker:only available in France and Canada.
Speaker:Binance Tax does not cover all types of transactions, including
Speaker:futures trading and NFTs, but it does support spot trades, crypto
Speaker:donations, and blockchain fork rewards.
Speaker:The tool is only available through the exchange's in-house Binance
Speaker:Wallet, but the company is considering adding integrations with other
Speaker:platforms and wallets in the future.
Conclusion:Binance's new tax tool is a useful tool for traders looking
Conclusion:to calculate the tax implications of their crypto trading activity.
Conclusion:The tool is currently only available in France and Canada, but the company plans
Conclusion:to expand to more markets in the future.
Conclusion:Andreessen Horowitz (a16z), the well-known venture capital firm, has voted
Conclusion:against a proposal to deploy the latest iteration of Uniswap on the BNB Chain.
Conclusion:The proposal was submitted by 0xPlasma Labs on behalf of the Uniswap Community.
Body:The disagreement between a16z and the Uniswap Community is
Body:centered around the cross-chain bridge chosen for the deployment.
Body:The proposal uses the Wormhole bridge, while a16z supports the use of LayerZero.
Body:The venture firm and its partners have expressed their intention to vote for
Body:LayerZero during the temperature check.
Body:In 2022, the Wormhole protocol suffered a major exploit, resulting in the
Body:loss of $321 million worth of tokens.
Conclusion:The Uniswap Community has chosen the Wormhole bridge for
Conclusion:the deployment of Uniswap v3 on BNB Chain, based on technical assessments
Conclusion:and a complex voting process.
Conclusion:The voting period is set to end on Feb.
Conclusion:10.
Conclusion:LayerZero Labs is part of a16z venture’s portfolio and raised $135
Conclusion:million in a funding round led by a16z and Sequoia, among others.
Conclusion:Keith Wilson is the Founder & CEO of Klearcoat Labs, a Web3 company connecting
Conclusion:the automotive industry and the Web3 community through non-fungible tokens.
Conclusion:Wilson has a background in marketing, earning his bachelor's degree in marketing
Conclusion:from the University of Mississippi in 2008 and his MBA in marketing from
Conclusion:Clark Atlanta University in 2011.
Conclusion:He has worked for major companies such as Ford, Georgia Power, Peugeot North
Conclusion:America, and Rivian Automotive, where he developed strategic partnerships
Conclusion:and led product strategy efforts.
Conclusion:In addition to his work at Klearcoat Labs, Wilson still consults with cities
Conclusion:and counties on the EV industry and EV community charging deployment strategies.
Conclusion:Keith Wilson is a seasoned leader with a background in marketing and a track record
Conclusion:of success in the automotive industry.
Conclusion:He is now using his experience to build a bridge between the automotive
Conclusion:industry and the Web3 community through his company, Klearcoat Labs.
Conclusion:Justin Sun, the founder of exchange Huobi, has put his name behind Debt
Conclusion:DAO, a project claiming to issue FTX users’ debt as a bond token, FUD.
Conclusion:The bond token will have an initial supply and circulation of 20 million,
Conclusion:representing 20% of the notified FTX debt.
Conclusion:The bond token, FUD, will have an initial value of $1 per token
Conclusion:and will be distributed to FUD holders through an airdrop.
Conclusion:If FTX confirms the debt amount to be $60 million, Debt DAO will issue
Conclusion:another 40 million FUD tokens in addition to the initial 20 million.
Conclusion:Debt DAO will issue contracts or notarized proofs of the debt at an
Conclusion:“appropriate time” and has urged FTX creditors with over $10 million in
Conclusion:debt to contact the DAO for a “debt audit and issuance” to enable secondary
Conclusion:market circulation of the debt.
Conclusion:Crypto exchange Huobi has listed the FUD token for trading and
Conclusion:will enable withdrawals on Feb.
Conclusion:6.
Conclusion:Justin Sun has endorsed the token, stating that it will benefit everyone
Conclusion:and that FUD is a “top quality FTX debt asset.” DebtDAO will do a
Conclusion:1:1 debt buyback for FUD holders.
Conclusion:However, the legitimacy of the token and the project remains in question, as it
Conclusion:may potentially violate securities laws.
Conclusion:Visa is looking to meet customer demand by converting digital assets
Conclusion:into fiat payments, similar to how it converts foreign currencies.
Conclusion:The company is currently testing settlement payments in USDC on Ethereum.
Conclusion:The company is looking to build "muscle memory" in the area of global settlement
Conclusion:with digital assets and fiat currencies.
Conclusion:The goal is to be able to convert between digital tokenized dollars and
Conclusion:traditional dollars in the same way that it converts between dollars and
Conclusion:euros for cross-border transactions.
Conclusion:Visa has already launched a blockchain-powered business-to-business
Conclusion:payments network called B2B Connect and is exploring the integration
Conclusion:of blockchain technology to support regular money movement on its network.
Conclusion:Visa is responding to customer demand by exploring the possibility of
Conclusion:settling transactions with digital assets, including USDC on Ethereum.
Conclusion:The company is looking to build a strong presence in the global settlement of
Conclusion:digital assets and fiat currencies and is exploring the integration of
Conclusion:blockchain technology into its network.
Conclusion:"That's a wrap for today's episode of Web3 with FTC by Fintech Confidential.
Conclusion:We've covered some of the biggest Web3 stories that are shaking up the
Conclusion:Web3 world and what they mean for you.
Conclusion:From e-sports to Visa and CBDC to Automotive industry to Taxes and
Conclusion:Breakups , we've explored the impact these events are having on the industry
Conclusion:and what you can expect in the future.
Conclusion:Thanks for tuning into “Web3 with FTC”, where we cover what’s behind the
Conclusion:disruptive and innovative world of Web3, Blockchain, Crypto, NFTs and Fintech.
Conclusion:And remember to follow us on our Telegram Channel, Linkedin, Facebook,
Conclusion:and Instagram, and sign up for the latest news delivered straight to your inbox at
Conclusion:access dot fintech confidential dot com.
Conclusion:STAY DISRUPTIVE!
Conclusion:Support Provided By Solve path get the best A.I.
Conclusion:customer support software for your business.
Conclusion:Get Started at www.
Conclusion:get SOLVPATH dot com
Conclusion:The most common cause of bad customer experience.
Conclusion:Isn't that high tech it's embarrassingly simple.
Conclusion:Yup.
Conclusion:It's asking the right questions and reviewing some key data points
Conclusion:before delivering an answer.
Conclusion:Increasing the likelihood of satisfying the customer and
Conclusion:delivering a swift resolution.
Conclusion:In ecommerce, it's really easy to get bogged down with basic support inquiries,
Conclusion:whether that's where is my package, how do I return or exchange this item
Conclusion:or just to cancel a subscription.
Conclusion:And so what is Solvpath?
Conclusion:In a nutshell, Solvpath is an A.I.-driven customer support system that uses a
Conclusion:visual format and self-serve technology to quickly and effectively resolve
Conclusion:issues, resulting in satisfying support experiences for customers.
Conclusion:Customize a visual support experience for your ecommerce brands and
Conclusion:increase your overall performance, enhance the customer experience and
Conclusion:drastically reduce support costs.
Conclusion:Get the best customer support system for your business.
Conclusion:Get Solvpath.
Conclusion:Get started by visiting get solve path dot com
Emily:This has been a production of Diamond D3 Media,
Emily:with All Rights Reserved.
Emily:This is provided for informational purposes only.
Emily:It is not offered or intended to be used as legal, tax, investment,
Emily:financial, or other advice.
Emily:We strive to provide accurate and up-to-date information, but will
Emily:not be responsible for any missing facts or inaccurate information.
Emily:You comply and understand that you should use any of this
Emily:information at your own risk.
Emily:Cryptocurrencies are highly volatile financial assets, so research and
