source avatarWOLF OF NEXT BIG THING 🆙️✝️

Share

Raiffeisen is about to sell crypto in 11 EU markets. That is not the interesting part. Banks cannot onboard millions of people onto seed phrases. They need an account that has a name, recovery, limited staff keys, and a freeze button. That is a @ERC725Account Profile. Wallet = a key. Bank account = a profile. 🆙️ = the on-chain version of the bank account.🤯 When banks launch crypto they will not let customers live as a random 0x. They need identity they can recover and permission. 🆙️s were built for that: one public profile, many controllers, revoke a key without killing the account. Other chains using the same profile just makes the pitch bigger. The bank keeps compliance. The user keeps one face on every EVM chain. Crypto trading inside a bank is the headline. Profiles as the account layer is the trade. $LYX

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.