Laso Finance
In an era of increasing regulation and surveillance, we need to protect privacy at the point of payment. Today, we earn and store assets on-chain. Ideally, we would spend these assets at merchants that accept cryptocurrency. The number of such merchants is growing, but they are still very few. Instead, we send our assets to bank-like entities (exchanges) and use cards issued by them. Worse still, we sell these assets to USD, transfer the proceeds to our bank accounts, and then pay off our credit card bills. This is not a better system. It is fiat banking with extra steps. More importantly, we have lost a crucial part of the purpose of cryptocurrency: privacy. Instead, simply connect your wallet to Laso Finance, verify a nonce, and registration is complete. Then: Obtain a prepaid card for online spending, or for in-person spending through Apple Pay or Google Pay. Purchase gift cards at thousands of merchants. Send bank transfers to debit cards. All while maintaining privacy. Private spending is essential to the success of our industry. Our mission is to continue providing this capability through a scalable and compliant architecture.
Overview
In an era of increasing regulation and surveillance, we need to protect privacy at the point of payment. Today, we earn and store assets on-chain. Ideally, we would spend these assets at merchants that accept cryptocurrency. The number of such merchants is growing, but they are still very few. Instead, we send our assets to bank-like entities (exchanges) and use cards issued by them. Worse still, we sell these assets to USD, transfer the proceeds to our bank accounts, and then pay off our credit card bills. This is not a better system. It is fiat banking with extra steps. More importantly, we have lost a crucial part of the purpose of cryptocurrency: privacy. Instead, simply connect your wallet to Laso Finance, verify a nonce, and registration is complete. Then: Obtain a prepaid card for online spending, or for in-person spending through Apple Pay or Google Pay. Purchase gift cards at thousands of merchants. Send bank transfers to debit cards. All while maintaining privacy. Private spending is essential to the success of our industry. Our mission is to continue providing this capability through a scalable and compliant architecture.