Dan Romero on Farcaster

Content pfp

0 reply

0 recast

0 reaction

Dan Romero pfp

Related: the single biggest UX blocker for most consumer apps that are hoping to "onboard normies" in the upcoming cycle is fiat-to-crypto onramp. In-app purchases work for small $ and targeted use cases, but getting $100 in a wallet that's deeply integrated with the apps driving the core onchain behaviors is the actual hard thing. On-ramps require KYC, which is a huge source of drop-off. Why Coinbase has such a big advantage with 100M+ KYC'd accounts.

15 replies

17 recasts

76 reactions

woj pfp

farcaster airdrops will be the new onramp

8 replies

4 recasts

29 reactions

tldr (tim reilly) pfp

tldr (tim reilly)

Why we bet hard on coinbase/base

0 reply

0 recast

4 reactions

Tayyab - d/acc pfp

Yes, and crypto to fiat is the biggest blocker in most developing countries.

0 reply

0 recast

4 reactions

pol pfp

IAP is not enough considered by builders IMO. There are lots of cases in which it's ok to leave 30% on the table (eg buying $10 of a memecoin that will fluctuate >30% in the next hours anyway / mint something that costs $20 - hence about $30 with IAP).

1 reply

0 recast

1 reaction

Jacob pfp

that's why everyone is hoping that warpcast will onboard more users

1 reply

0 recast

1 reaction

bry pfp

@brydeadhead.eth

I was just thinking about how we could improve KYC across the board to make it as simple, easy as possible. Seems like a major opportunity.

0 reply

0 recast

0 reaction

Kieran Daniels pfp

Also the choke point. Wyre shutting down iced our company. I believe the simple of fact being able to withdraw directly to Base after paying crypto with fiat, is going to be the game changer. KYC is done. Bridge isn’t needed. Get money. Go onchain.

0 reply

0 recast

0 reaction

links 🏴 pfp

This is also why it makes a lot of sense to build on Base. I’m pretty bullish on CB. They are in the best position to crack the crypto game.

0 reply

0 recast

0 reaction

downshift. 🏎️💨 pfp

downshift. 🏎️💨

0 reply

0 recast

1 reaction

Apurv pfp

TON did it very interestingly, made folks play a game then just before airdrop got them to create embedded wallets & finally dropped tokens. challenge with good on ramp is geographical regulations make it difficult for standardisation. Def Coinbase has the edge here..

0 reply

0 recast

0 reaction

kugusha 🦋 pfp

Just tried Moonshot (simple trading app on Sol) with integration of Moonpay (KYC requires, but I can top up my balance from an Apple Pay). Second best UX after Zora sparks

0 reply

0 recast

1 reaction

Erik pfp

i gotta believe cb will figure out way to have kyc integrated into cb pay api and make it mobile friendly (with no need to download coinbase app separately), as a way to get more funds directly onto base without needing to open a cb account in another app first - cb wallet good place to start, expand to base consumer apps from there cc @jesse.base.eth 🙏

0 reply

0 recast

1 reaction

jp 🎩 pfp

it has happened to me 3 times when trying to load a smart wallet with crypto and getting to the "put your email" here part i run away

0 reply

0 recast

1 reaction

killjoy.eth pfp

Agree. An app that wants to mainstream this cycle should let users onboard with no crypto but allow them to earn it by providing value to an entity that’s willing to pay them using crypto. If you have enough “earning” apps the need for on-ramps decreases a bit.

0 reply

0 recast

0 reaction

Rando pfp

@chasing-pointers

As it stands now, you have to build your own KYC rails to onboard those not already coming from an exchange.

0 reply

0 recast

0 reaction

Mehdi Benembarek pfp

Mehdi Benembarek

@mehdi-benembarek

CB has KYC clients AND is getting registered with financial authorities like in Canada

0 reply

0 recast

0 reaction

T.Berry🌈🎩 pfp

T.Berry🌈🎩

Crypto to fiat is the biggest blocker in most developing countries ☺️

0 reply

0 recast

0 reaction

Adam pfp

This where I go back to remembering my first purchase here and it was for Warps via Coinbase Commerce and it was amazingly fast and easy. Find a easy way to get them to send money from their normy account to the dapp account and convert to tokens without all the extra steps.

0 reply

0 recast

0 reaction

Yaser 🎩 pfp

@kurdishman2694

Buddy could you check your DM on twitter or here?

0 reply

0 recast

0 reaction