Hi, Smart People!
November has come and gone, and while SmartFi, as a US company, celebrated Thanksgiving, we haven’t been on vacation by any means. It has been a busy month as usual around here. There have been some significant changes that will enhance your experience on our website and in our portal, our podcast continues to go from strength to strength, and we are working on some really big deals, advancements, and programs.
Big news from our development team! Fiat currency onboarding to the SmartFi Portal just got a lot faster, easier, and cheaper. From now on, in addition to the ACH and wire transfer methods that were previously available, you can fund your SmartFi account in fiat currencies using Visa ™ or Mastercard ™ credit and debit cards, and with ApplePay ™.
You now have a crypto platform that offers everything you want and need: trading, loans, and interest on crypto deposits, but which is easier and cheaper than ever to fund with fiat, wherever you are in the world!
November has been a tough month for crypto in many ways, but there is good news out there, too. The headlines in the mainstream media have been all about the collapse of FTX, which has been portrayed as the “death of crypto” or some such nonsense in many places. The doomsayers point to what they call a “collapse” in crypto generally but fail to note that BTC/USD seems to have found a bottom at around $16k. Nor do they mention that the net result of the drop is a return to November 2020 levels, giving BTC/USD a slightly better two-year return than the Nasdaq tracking ETF, QQQ.
Forgive us for not panicking…
Tilton Talks Crypto, our weekly podcast, keeps going from strength to strength. This month, we welcomed some big names in the crypto world.
Early in the month, famed crypto entrepreneur and educator Dan Held joined us to discuss his newly co-authored White Paper for the Bitcoin Policy Institute on the subject of Central Bank Digital Currencies (CBDCs). It was a fascinating discussion on that topic, but also covered crypto in a more general sense. If you missed it, you should definitely check out the recording.
The same can be said for the episode featuring Natalie Brunel that aired a couple of weeks later. Natalie is best known as the host of the Coin Stories podcast these days but left a solid career as a TV journalist to investigate crypto full-time and has since become a passionate advocate for Bitcoin and an educator and analyst whose views are regularly sought by Fox News and Fox Business, among others. She was as passionate and entertaining on the subject of Bitcoin as she always is, and we are grateful she found time to join us.
SmartFi is currently working on a whole host of other updates and developments, all designed to make SmartFi the best crypto platform out there and SMTF the best token to hold, whatever the state of the markets.
The biggest news is the upcoming partnership with a bank. We can’t tell you which bank or give you all of the details quite yet but suffice it to say that it will involve rewards in SMTF for balances held on the platforms and will offer “pass-through” FDIC insurance for USD balances in SmartFi associated accounts. As far as we know, it is a first of its kind partnership, so look out for details coming in December!
Talking of December, the SmartFi would like to take this opportunity to wish you all a very merry holiday season and a healthy, happy, and above all prosperous New Year!
Aaron and the SmartFi Team
P.S. Check out our previous community update.