Underneath The Hood Of The Rapidly Growing Neobank Sector With Rain CTO Charles Yoo-Naut
The Rollup19 Aug

Underneath The Hood Of The Rapidly Growing Neobank Sector With Rain CTO Charles Yoo-Naut

Rain Co-Founder Charles Yoo-Naut joins us for a look underneath the exploding neobank sector, which has exploded from $5m/month to $250m+/month in crypto-card volume in less than a year.


He breaks down how Rain went from a stablecoin-backed card issuer for crypto-native DAOs to a platform powering over 200 card programs, including a landmark partnership with Western Union and more.


Charles Yoo-Naut is the Co-Founder and CTO of Rain, a stablecoin-backed card issuing platform that powers programs for Western Union and 200+ other partners.


The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.


Timestamps:

00:00 Intro

02:52 Stablecoins Spent Instantly On Visa

04:09 Built For Underbanked Digital Asset Teams

05:16 200 Programs Now Powered By Rain

09:44 Rain Powers Western Union Cards

12:27 How Rain Makes Money

15:00 Stablecoin Spend Data Revealed

18:00 Genius Act Impact On Rain

21:00 Compliance Licensing Takes Years

24:00 You Cannot Vibe Code Rain

28:23 Co-Founder Dynamic Explained

30:31 Building With AI From Day One


Guest Socials:

Charles Yoo-Naut X: https://x.com/cnaut

Rain X: https://x.com/raincards

Rain Website: https://www.rain.xyz/


Partners:

If you run concentrated liquidity positions you know the grind. Price moves, you're out of range, you're rebalancing at, like, 3am. 1inch Aqua lets you take a different approach. You can stack multiple positions on the same token balance instead of babysitting a dozen pools, and your tokens never leave your wallet. Your liquidity stays awake, so you can catch up on your sleep. Check it out at https://1inch.com/aqua

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Dinari - Over 230 1:1 backed tokenized stocks, ETFs & more with dividends. US-based SEC transfer agent. Available on 5+ chains & via API. https://dinari.com/

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Space and Time is providing verifiable data infrastructure for onchain finance. A decentralized database, blockchain indexer, and ZK coprocessor in one, giving DeFi protocols,stablecoins, and tokenized assets accurate, provable data.

Learn more here: https://www.spaceandtime.io/

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Relay is the fastest and most reliable way to swap any token on any chain. Learn more here: https://relay.link/bridge

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Zama is an open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain.

Learn more here: https://www.zama.org/

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𝗪𝗲 𝘁𝗿𝘆 𝗌𝘂𝗿 𝗯𝗲𝘀𝘁 𝘁𝗌 𝗜𝗿𝗌𝗱𝘂𝗰𝗲 𝗵𝗶𝗎𝗵-𝗟𝘂𝗮𝗹𝗶𝘁𝘆, 𝗻𝗌𝗻-𝗯𝗶𝗮𝘀𝗲𝗱, 𝗲𝗱𝘂𝗰𝗮𝘁𝗶𝗌𝗻𝗮𝗹 𝗰𝗌𝗻𝘁𝗲𝗻𝘁 𝗳𝗌𝗿 𝘁𝗵𝗲 𝗱𝗶𝗎𝗶𝘁𝗮𝗹 𝗮𝘀𝘀𝗲𝘁𝘀 𝗲𝗰𝗌𝘀𝘆𝘀𝘁𝗲𝗺. 𝗊𝘂𝗜𝗜𝗌𝗿𝘁 𝘂𝘀 𝗯𝘆 𝗰𝗹𝗶𝗰𝗞𝗶𝗻𝗎 𝗮𝗻𝘆 𝗌𝗳 𝘁𝗵𝗲 𝗹𝗶𝗻𝗞𝘀 𝗯𝗲𝗹𝗌𝘄 𝗳𝗌𝗿 𝗳𝗿𝗲𝗲 𝗿𝗲𝘀𝗌𝘂𝗿𝗰𝗲𝘀:


Website: https://therollup.co/

Spotify: https://open.spotify.com/show/1P6ZeYd...

Podcast: https://therollup.co/category/podcast

Follow us on X: https://www.x.com/therollupco

Follow Rob on X: https://x.com/robbieklages

Follow Andy on X: https://x.com/andyyy

Join our TG group: https://t.me/+TsM1CRpWFgk1NGZh

The Rollup Disclosures: https://goodidea.ventures

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𝗗𝗜𝗊𝗖𝗟𝗔𝗜𝗠𝗘𝗥: 𝘐𝘯𝘷𝘊𝘎𝘵𝘪𝘯𝘚 𝘪𝘯 𝘀𝘳𝘺𝘱𝘵𝘰𝘀𝘶𝘳𝘳𝘊𝘯𝘀𝘺 𝘢𝘯𝘥 𝘋𝘊𝘍𝘪 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮𝘎 𝘀𝘰𝘮𝘊𝘎 𝘞𝘪𝘵𝘩 𝘪𝘯𝘩𝘊𝘳𝘊𝘯𝘵 𝘳𝘪𝘎𝘬𝘎 𝘪𝘯𝘀𝘭𝘶𝘥𝘪𝘯𝘚 𝘵𝘊𝘀𝘩𝘯𝘪𝘀𝘢𝘭 𝘳𝘪𝘎𝘬, 𝘩𝘶𝘮𝘢𝘯 𝘊𝘳𝘳𝘰𝘳, 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮 𝘧𝘢𝘪𝘭𝘶𝘳𝘊 𝘢𝘯𝘥 𝘮𝘰𝘳𝘊. 𝘈𝘵 𝘀𝘊𝘳𝘵𝘢𝘪𝘯 𝘱𝘰𝘪𝘯𝘵𝘎 𝘵𝘩𝘳𝘰𝘶𝘚𝘩𝘰𝘶𝘵 𝘵𝘩𝘪𝘎 𝘀𝘩𝘢𝘯𝘯𝘊𝘭, 𝘞𝘊 𝘮𝘢𝘺 𝘊𝘢𝘳𝘯 𝘢 𝘀𝘰𝘮𝘮𝘪𝘎𝘎𝘪𝘰𝘯 𝘰𝘳 𝘧𝘊𝘊 𝘢𝘎 𝘢 𝘎𝘱𝘰𝘯𝘎𝘰𝘳𝘎𝘩𝘪𝘱, 𝘪𝘧 𝘵𝘩𝘪𝘎 𝘪𝘎 𝘵𝘩𝘊 𝘀𝘢𝘎𝘊 𝘞𝘊 𝘞𝘪𝘭𝘭 𝘢𝘭𝘞𝘢𝘺𝘎 𝘮𝘢𝘬𝘊 𝘎𝘶𝘳𝘊 𝘪𝘵 𝘪𝘎 𝘀𝘭𝘊𝘢𝘳. 𝘞𝘊 𝘢𝘳𝘊 𝘎𝘵𝘳𝘪𝘀𝘵𝘭𝘺 𝘢𝘯 𝘊𝘥𝘶𝘀𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘀𝘰𝘯𝘵𝘊𝘯𝘵 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮, 𝘯𝘰𝘵𝘩𝘪𝘯𝘚 𝘞𝘊 𝘰𝘧𝘧𝘊𝘳 𝘪𝘎 𝘧𝘪𝘯𝘢𝘯𝘀𝘪𝘢𝘭 𝘢𝘥𝘷𝘪𝘀𝘊. 𝘞𝘊 𝘢𝘳𝘊 𝘯𝘰𝘵 𝘱𝘳𝘰𝘧𝘊𝘎𝘎𝘪𝘰𝘯𝘢𝘭𝘎 𝘰𝘳 𝘭𝘪𝘀𝘊𝘯𝘎𝘊𝘥 𝘢𝘥𝘷𝘪𝘎𝘰𝘳𝘎.

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