Loop Crypto

Feature Friday ?? Let's see if I actually keep up with this and do these videos weekly, but here's a quick overview of the refresh we just did to our Customer Portal at Loop Crypto. Check out my video below & be kind ?? . First time putting a Loom video out there. It's usually only Loop clients who get the privilege of viewing my Loom videos. ??

You can now buy a Kaito subscription in USDC on Solana! ?? ?? Pay on chain, set up autopay, & get back to searching the universe of web3 with Kaito. ?? ????

Really slick crypto checkout experience from Wisdomise. They made the wise decision ?? to add Loop Crypto for subscription payments. We've enjoyed working with this great team and are looking forward to their continued growth. ???

Latest newsletter is live! Check out the newest post and subscribe below. https://lnkd.in/e8xF8fAf

I am thrilled to announce that Loop Crypto is now live on Solana! And we couldn’t ask for a better launch partner than Helius. ?? You can now use Loop to purchase your subscriptions onchain for Helius’s range of developer tooling offerings. I also want to give a shoutout to Integral, Privy, Neynar, BlockPeer, Kaito, Drakkar-Software (Octobot), chainEDGE, and Lever who joined our beta launch on Solana. At Loop, we’ve been EVM people for 6+ years, but we ultimately made the move to Solana because we believe the chain is a critical piece of global payments infrastructure. It’s fast, low cost, and already has $3.5B in stablecoin circulation. All the fundamentals are there for global interoperable payments. For those working with the Solana Foundation and within the community who don’t know us yet, Loop Crypto makes it simple to accept onchain payments and settle in crypto, stablecoins, or fiat. You can use our user interfaces or integrate Loop into existing systems like Stripe and Chargebee. If you’re curious about accepting crypto payments for your business, here are some stats: ?? ~80% of payments our merchants receive are from outside the US ?? ~20% of all payments to our merchants are in crypto Global merchants choose to accept crypto to increase revenues & grow their customer base. Once again, we couldn’t be more excited to launch on Solana! We’re looking forward to engaging with the community and offering critical payments infrastructure as this chain continues to scale! ?? https://lnkd.in/e9mgmmYc

Finally had a chance to sit down & check out Mike Silagadze's talk from ETHDubai on DeFi For Normal People. It's absolutely worth a watch for anyone working in the web3 / crypto / DeFi world. We all deal with little UX inconveniences daily navigating the crypto world, but it's those inconveniences that can turn off "normal people" and hold back onboarding more users to the space. Where it seems like Mike lands in the talk is that we need to build applications that mesh well with the existing financial world but have DeFi perks. The ether.fi credit card seems to be a solid example of trying to do just that. With all the talk of stablecoins over the last few weeks, it feels like there is a connection. We are finally moving in a direction where we obscure some of the underlying complexities of crypto & plug in this new technology to existing financial applications. We're seeing that in payments now, and I can see on the horizon how DeFi applications like ether.fi will sit within your standard fintech investing app (with all the right disclosures about risk ?? ). Definitely check out this talk if you have a few minutes (link below). And you can read more on my quick take below.

In college, I spent a summer doing cold-calling for a value-added reseller (VAR) of HP and Dell hardware products. The cold-calling was less fun, but learning about the VAR model was well worth it. As web3 matures, we need to start thinking about VARs & channel sales. How do you activate a network of resellers for your product? This is how you scale 10x. From Loop Crypto's vantage point as a payments provider, we already see the importance of partners and channels. There is a lot of other tooling that sits around a payments platform (accounting, financial reporting, fraud detection, consumer insights, etc.). web3 accounting firms and consultancies are natural gatekeepers to new clients. These players will be doing a lot of the legwork implementing the on-chain FinOps stack in the years to come. They are natural partners for ourselves and many others in the payments ecosystem.

Tether.io and Circle hold a lot of US treasury bonds, but are their holdings actually significant when we look at the overall size of US debt? This is a question I’ve been wanting to dig into after there was some chatter several months back about the role stablecoins could play as part of a solution to the US debt crisis. In the article below, I took a deep dive into US debt and the scale at which players like Tether and Circle have become factors in US debt markets. I wrapped up the piece by posing a couple questions I think we need to keep top of mind as the stablecoin market cap continues to grow in the years ahead. https://lnkd.in/eRA4feqa

This is amazing validation that onchain payments are here & growing - congrats to the Stripe team on launching! Stripe, as a payment management system, entering this space is a huge signal. Other tools that serve businesses from creators to educational platforms to e-commerce sites will need onchain payment processors, like Loop Crypto. At Loop, we can plug into any system, even Stripe, to unlock onchain payments, including subscriptions, on any EVM + Solana and in any ERC-20 token. We’re excited to be building in this growing space! https://lnkd.in/edz4_BQS

From the archive ??... a great conversation with our Co-founder & CEO @EleniThinks & Umar from The Accountant Quits. ?? https://lnkd.in/dhrn69Z2