Move is for Money.
Back in 2018 the Facebook team set out to create a next gen blockchain language to power the world’s financial infrastructure of the future.
Billions of dollars in R&D, years of work, and the top PhDs and researchers in the world resulted in the creation of the Move language.
Zuck wasn’t wrong, but his timing was.
Today, we move one step closer to fulfilling that original vision with our strategic partnership with
@KASTxyz.
500K KAST users around the globe will now earn 4% in
$MOVE on every purchase with over 150M merchants worldwide.
Every single user will have a Movement wallet and become a Mover.
Not that you need me to rattle off any statistics to make you bullish on crypto neobanks or decentralized payment infrastructure but stablecoins processed $9T in volume last year. Visa even reported a 4x increase in stablecoin card spending in Q4.
Remittance.
Payments.
FX.
Quality yield bearing products.
It’s all going to be on Movement and it will be side by side with the KAST team.
So why KAST?
Warren Buffet famously advised to work with people who have: Intelligence, Energy, and Integrity.
This is precisely why we are working with
@raagulanpathy and the KAST squad.
Over the last 6 months we’ve gotten to know one another and I can only conclude that this team is primed to eat the world. Their extensive background in the TradFi payments/cards space relentless pursuit of flawless execution made this an easy decision.
Welcome to Act I of Movement 2.0.
More to come InshaAllah.
Gmove.