Diem

So, like, what, what's, what's the, what's the approach here and, and how are you pulling this off?

So the DNA of Bastion really comes from the problems that we saw firsthand at Meta working on the Libra project.

I was, you know, tech leading all of the custody, kind of like wallet and, and cross-border payment infrastructure there, as well as the, the issuance of the Libra currency.

And got to see problems at a scale that only appear within certain type of companies, whether it's, like, the growth that certain companies are experiencing or the scale that they already have, uh, with a very broad distribution.

And so really, Bastion, I would say, has focused on stablecoin infrastructure specifically for enterprises that are, you know, experiencing certain set of requirements and need a certain level of security compliance, but then I would say just integrations that work for them.

Samsung Wallet now lets roughly 82 million Galaxy users in the US send USDC across borders.

Meta now pays creators in USDC through Stripe, four years after it shut down its own Libra project.

That's payments moving at every layer at once.

Issues, card networks, fintechs, and the platforms people already use.

It's the biggest, it's the most humongous, it's a Bitcoin topic.

We're gonna talk today about a Bitcoin layer two called Spark, which is created by a company called Lightspark, which is created by a dude who created Libra.

So Tyler-

Failed to create Libra.

[laughs] He created it-

No shake it to David Marcus.

Libra never existed.

[laughs]

He launched the internet.org and its free basic service to deliver Facebook through carrier deals in India and other markets where Apple barely existed.

He tried building Libra, a cryptocurrency to facilitate payments.

He bought Oculus VR in the hopes that virtual reality headsets would replace the smartphone the way smartphones replaced personal computers.

Each has been a tunnel Zuckerberg dug to escape the prison of his competitors.

And they were, I, I think he s- he said he really likes them.

But, um, the, the Muse thesis makes a lot of sense when you think about Meta, when you think that Zuck, the only thing stopping Zuck from taking over the world is the Apple App Store, and everything that Zuck has tried to do over the last 15 years, right? Launching internet.org to provide free services to deliver Facebook through these carrier deals, um, building Libra, um, [lip smack] uh, buying Oculus, um, all of these things to varying degrees are ways to get out from the Apple App Store, and I think that Muse is their best shot on goal for this right now.

And there's a great piece that I mentioned last time by Colossus, um, on Zuckerberg, which I think brings this thesis to light, so.

I, I, uh, I wanna put one fine point on it, too, 'cause I, I think, uh, I think this was a tweet.

SWE I was on the testnet for, and it's a very fast project.

It's got a cool development background because the people that were in charge of putting together the Facebook Libra token split into SWE.

They developed SWE, and then the others developed Aptos.

So it's kind of two different chains that were developed out of this.

You could talk about Melania.

You could talk about Libra.

But all those things did better than Laptop.

And I'm not just saying that.