ceo @GTXNGlobal 2x fintech founder and investor. Will be an acorn farmer or a chef when I grow up. @purdue @utexas @techstars
Cape Town, South Africa
Joined January 2010
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This article from @JessicaHoversen should be required reading for anyone in fintech
The law of dollar gravity.
Wherever dollars circulate, they tend to be pulled back toward U.S.-regulated infrastructure.
This is important for U.S. national security. However, gravitational pull does not ensure visibility. Several mechanisms, most of which make banking more efficient, reduce the line of sight into dollar activity. The dark matter of dollars.
In an era of geoeconomic tension, these mechanisms could be used to strategically obfuscate dollar flows. Read more in this week's Hegemoney.
hegemoney.com/p/the-law-of-d…
Dan Kleinbaum retweeted
Introducing @GTXNGlobal, now part of @LunoGlobal.
We’re building cross-border payments infrastructure for enterprise clients operating between developed and emerging markets.
GTXN combines licensed collection and payout infrastructure with Luno’s established regulatory footprint and liquidity, creating a more integrated settlement flow across supported corridors.
Led by CEO Dan Kleinbaum, GTXN operates as Luno’s cross-border payments capability.
Read the full announcement: gtxn.com/insights/luno-acqui…
Dan Kleinbaum retweeted
Luno has acquired @GTXNGlobal to expand cross-border payments across its core markets.
GTXN brings licensed collection and payout infrastructure into @LunoGlobal's existing regulatory and liquidity footprint, giving enterprise clients a more integrated way to move money between developed and emerging markets.
Led by CEO Dan Kleinbaum, GTXN will operate as Luno’s cross-border payments capability.
Read the full announcement: luno.com/newsroom/luno-acqui…
Introducing @GTXNGlobal, now part of @LunoGlobal.
We’re building cross-border payments infrastructure for enterprise clients operating between developed and emerging markets.
GTXN combines licensed collection and payout infrastructure with Luno’s established regulatory footprint and liquidity, creating a more integrated settlement flow across supported corridors.
Led by CEO Dan Kleinbaum, GTXN operates as Luno’s cross-border payments capability.
Read the full announcement: gtxn.com/insights/luno-acqui…
So… like a post-conflict…US… aid program?
The @nytimes says Trump is preparing to give Iran a $300 BILLION "investment fund" as part of whatever deal they cut to end the war???
Dan Kleinbaum retweeted
The @nytimes says Trump is preparing to give Iran a $300 BILLION "investment fund" as part of whatever deal they cut to end the war???
I spent the weekend making games with AI, and then created the AI-rcade so I could make it even easier.. This one was too hard...
I just made "WEIRD BLOCKS" on @TheAIrcade! Play it here: ai-rcade.com/game/weird-bloc…
The hardest thing about building and deploying something? A legacy stripe account that setup to accept payments…
Dan Kleinbaum retweeted
the industry's changing before our eyes and yet it seems like many refuse to believe it.
the world is actually moving on-chain and yet sentiment feels like it did post-FTX.
it's the result of a transition that will soon leave behind much of the industry we've known.
Just listened to @_TalkingTokens on Fireblocks Payment Network and then saw this… I wonder if @Visa will turn into @FireblocksHQ or Fireblocks will become Visa first.
"You're not an influencer, you're an freelance contractor to an algorithm" - @simonsinek on Diary of a CEO
open.spotify.com/episode/4Sm…
Thinking properly about market sizes...
h/t @ConradBastable (radicalcontributions.substac…)
Don’t forget the upcoming remittance tax in the US and how that will drive stablecoins adoption by the major players.
Stephen continues to be one of the smartest (public) thinkers on this.
On my way to @thestablecon. In honor of the million convos I'll have about USD stablecoins in Africa, here's some of our thinking:
* Right now, we operate in first-party settlement worlds, where African stablecoin companies must deal with offramp + FX legs outside of formal systems.
* This 'shadow' onchain world is growing massively and there's no way regulators don't react. They must because the sender side is institutionalizing USD stables settlements. That pipe is opening and pressure is mounting.
* The big question is whether stablecoin startups will be able to actually do third-party settlement in the near future (where they can send USD or local stables to banks/reg fintech who can do last mile settlement). In Africa and elsewhere, the stablecoin hype relies on this 'piercing the veil.' If this does not happen, the largely USD fiat FX bottleneck remains in place and onchain features become much harder to distribute.
* Many are investing based on how the market and the players interact today (to skirt regulations) but we believe this status quo won't hold. We see that rare moment where there's pressure to change (massive opening or closing) and we've placed bets on both sides.
If you're here in NYC this week, let's chat!
Tina He (@fkpxls) is doing the best writing on AI and it's implications right now.
She makes me think AI as technology for "relentless, unfeeling optimization" and this has serious implications on the world(s) I live in. No one is getting this right.
fakepixels.substack.com/p/ai…
When I say "talk to you soon" to my account manager at my bank - it's Midwestern speak for a thinly veiled threat that if you don't resolve my issue, I'm going to make everyone at the banks life a living hell.
I have a hard time with this Lemfi news...
Part of me (a large part) wants to celebrate victories in the African VC ecosystem, and promote the shit out of this.
But the other part recognizes that this isn't the exit we should be celebrating. Exits are liquidity events.
And don't get me started on some of the Founders that have taken secondaries and bought themselves Tesla's and houses in SF as their companies trickle into irrelevance or get recapped by capable operators at the expense of the ones holding the bag.