Tokenized Building Onchain Global Venmo Ft. Sling Money CEO Mike Hudack
23 snips
Oct 7, 2024 
Mike Hudack, Co-founder of Sling Money and ex-leader at Monzo and Meta, shares his insights on revolutionizing money transfers. He discusses the necessity of a streamlined user experience with stablecoins and addresses the challenges of compliance in crypto transactions. Hudack highlights how traditional banks are embracing digital currencies, particularly Societe Generale's launch of a euro-backed stablecoin on Solana. He also emphasizes the potential of blockchain to simplify global payments while fostering trust and regulatory frameworks in fintech.
AI Snips
Chapters
Transcript
Episode notes
Inspiring Instant Transfer Story
- Mike Hudack sent USDC from London to San Francisco instantly and for free, realizing the immense potential of stablecoin transfers.
- This experience inspired him to create Sling Money as a global version of Venmo.
Abstract Wallets and Merge Fiat
- Abstracting wallet addresses and seamlessly merging fiat with stablecoin experiences enhances ease of payments.
- Users shouldn’t feel the transition between fiat and crypto; it should be one smooth experience.
Invest Early in Compliance
- Prioritize compliance early by investing heavily in financial crimes policies and working with experts.
- Build a trustworthy system that regulators respect to avoid future remediation issues.