Mainstream crypto adoption is closer than we think

GM Baos,

Happy HUMP day 🐪, can you believe it's almost Christmas?! We’ve got some out of this world news for y’all in this newsletter.

Today we cover:

• Visa + ETH

• DeFi meets traditional payment

• NFTs in outer space 👽

Visa’s blockchain experiment 

Visa's new proposal would allow ETH users to set up auto payments from their self-custodial wallet— without having to sign the transaction. Imagine paying for your monthly Netflix subscription using crypto 🥵

Using an ETH proposal first introduced by Vitalik, Account Abstraction (AA), user accounts are able to function as smart contracts. This would allow automated payments be taken from your wallet. Visa successfully tested these delegable accounts on the ETH L2 scaling solution StarkNet. 

Although they don’t have plans to make this a reality, it highlights their commitment to explore the possibilities blockchain technology offers. Seeing the payment giant Visa test features like AA, is a positive sign mainstream adoption is right around the corner. 

"While blockchain technology and digital assets are still in their infancy, we’re digging into these emerging innovations to determine how they can impact money movement today, and into the future" — Visa

Uniswap x MoonPay 

This year Uniswap is proving itself to be the ultimate DeFi protocol. You can now use MoonPay to convert fiat to crypto on Uniswap. And they're working on integrating an off-ramp too 😎

While none of your personal data is shared, it's important to mention that KYC is required on MoonPay's part. But aside from that, this is huge. Who has time to wait around for their deposits to settle at a centralized exchange (CEX) when you can on-ramp via Uniswap and MoonPay? 

What you need to know…

Supported chains include: Ethereum, Polygon, Optimism and Arbitrum.

Supported tokens include: DAI, ETH, MATIC, USDC, USDT, WBTC, and WETH.

There is a min/max amount of tokens you can buy for each supported token.

NFTs in ... space? 🛸

NFTs literally went to outer space. Yup, you read that right. A bunch of them were just sent to the International Space Station. Dreambound Orbital and Infinity Lab's first mission DreamBoundM1 had NFTs orbit 100,000+ miles around the earth and beam to the stars. 

Here are some of my favorites from the mission:

Bao-Sized News

• Binance US to acquire the now bankrupt Voyager's assets for $1b

• China's Zhejiang province is building a $28.7b metaverse industry by 2025 🇨🇳

• Elon Musk is stepping down as head of Twitter after poll results say YES 

Made us Kek

I still love BAOS.

–Cassidy