GlobaliD @_GlobaliD

Digital identity for the next chapter of the internet For support ➡️ @GlobaliDSupport global.id San Francisco, CA Joined April 2016

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USBC @USBCxyz

4 days ago

“Question: What if platforms stopped being the middleman in every transaction?” When you pay for an Uber, the money doesn’t go to the driver directly. It goes to Uber and then to the driver at a later time (After Uber takes its cut). The same goes for Spotify, OnlyFans, and any…

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USBC @USBCxyz

6 days ago

“FIS built a stablecoin platform for banks. I almost laughed when I read it.” You can't copy-paste crypto features onto bank infrastructure and call it a roadmap. “Stablecoins, by law, are not considered cash. A stablecoin platform actually damages banks' balance sheets.” This…

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USBC @USBCxyz

a week ago

“Having a system that’s based on 1-to-1 reserves collapses the credit function of the banking industry, it’s like going back to the gold standard.” This is the core tension. Stablecoins keep 1:1 reserves. Great for safety. But they kill the credit creation engine of the economy.…

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USBC @USBCxyz

a week ago

When we digitized banking ledgers in the 70s and 80s, most people didn’t trust computers with money. The shift felt uncomfortable, even risky. “Change is rarely embraced when it begins. It feels uncomfortable, unfamiliar, and sometimes threatening.” But once the benefits…

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USBC @USBCxyz

2 weeks ago

JPMorgan’s approach to open banking: Gate your own digital money behind proprietary systems. Then raise prices for access. Then tell others to do the same. It’s not hard to see what this is. It’s a strategy built on control, not collaboration. “Remember AOL and CompuServe in…

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USBC @USBCxyz

2 weeks ago

Big banks could build the future of finance. They have the tools. They have the talent. But they also have too much to lose. Their profits come from the old way of doing things. "This is why disruption almost never comes from incumbents. While incumbents possess the capability…

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USBC @USBCxyz

2 weeks ago

“The financial world loves building walls. JPMorgan just proved it again.” They hiked data access fees 10x for fintechs trying to integrate, and they are building a closed deposit token system. “Not only are they actively closing their own doors, they’re actively encouraging…

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USBC @USBCxyz

3 weeks ago

Why didn’t Ford & GM beat Tesla in the electric car race. They weren’t just competing, they were cannibalizing themselves. "Every electric vehicle they sell would be one less profitable combustion engine rolling off their lines.” The same thing is happening in banking. Big…

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USBC @USBCxyz

3 weeks ago

Financial services treat ID like a light switch: On = full access. Off = locked out. But life isn’t binary. Identity isn’t either. We need systems where access scales with risk. ”Someone with minimal verification might get a $500 spending cap. Can they cause real problems with…

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USBC @USBCxyz

4 weeks ago

Serving people with limited ID shouldn’t be scary, we do it every day. “You can walk into Home Depot right now and buy a $500 prepaid card. No ID. Cash accepted. … Yet when someone in Kenya wants to load $500 onto a digital wallet, suddenly we're concerned about risk…

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USBC @USBCxyz

a month ago

The smartest path forward blends the resilience of traditional banking with the speed and openness of modern ledgers. Financial infrastructure doesn’t have to be either/or. Evolution isn’t about disruption. It’s about integration. Check out USBC’s founder @gregkidd take on…

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USBC @USBCxyz

2 months ago

We've reached a major milestone for the USBC vision—an inclusive, compliant, and programmable digital dollar. USBC, Inc. is now officially a public company. Congrats to the entire team! usbc.substack.com/p/usbc-enters-…

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USBC @USBCxyz

2 months ago

youtube.com/shorts/8ZSHOll…

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USBC @USBCxyz

2 months ago

Deposit tokens can address the same use cases as stablecoins while providing FDIC-insurance, consumer protections, and interest payments. Additionally, since they are backed by banks, companies can hold them on their balance sheet as cash while stablecoins are considered risk…

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USBC @USBCxyz

2 months ago

Greg Kidd announced that he has signed an agreement to acquire a controlling stake in a publicly-traded company, which he will leverage to deploy a Bitcoin treasury strategy. Corporations are increasingly looking to digital assets for their advantages when it comes to store of…

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USBC @USBCxyz

2 months ago

When we think of banking, we typically think of formal banking relationships, but getting a bank account has strict identity requirements that excludes billions of people around the world. There's also informal financial tools such as traveler's checks, money orders, and prepaid…

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USBC @USBCxyz

2 months ago

A new era for digital dollar tokens and what it means for banks | #328: hardyaka.substack.com/p/a-new-era-of…

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USBC @USBCxyz

2 months ago

When you think about banking services, there's two types of customer relationships—formal v. informal. Formal relationships are when you have a proper checking account at the bank, which requires a higher bar for entry. Then there's informal relationships such as old school…

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USBC @USBCxyz

2 months ago

youtube.com/shorts/zdjXIdp…

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USBC @USBCxyz

2 months ago

Traditionally, financial institutions (and their associated ledgers) live in siloes. They deal with bad actors by trying to keep them out, but because these siloed systems don't talk to each other, a bad actor could go and exploit them all one by one. With a unified ledger, bad…