Everest Newsletter - 2022 EOY Update (Part 1). A Note From Our CEO & Co-Founder, Bob Reid. "Just wow, what a year.
02 Jan 2023, 14:31
🗞 Everest Newsletter - 2022 EOY Update (Part 1)
📝 A Note From Our CEO & Co-Founder, Bob Reid
"Just wow, what a year! Having lived through the crypto winter of 2018, run the gauntlet of becoming a licensed custodian in a tier-one jurisdiction, stared down the likes of Libra, and just this year witnessed FTX and Terra perpetrate unprecedented levels of fraud and graft......almost nothing phases the Everest team at this point. If you can envision Band of Brothers after Battle of the Bulge, you'll get a sense of how the team at Everest feels about each other and the market. We're still standing, and continuing to grow. 2022 was a year of (a) positioning Everest as a leader in identity and compliance, and (b) establishing infrastructure and a platform to capitalize on flows from fiat to crypto & vice versa, cross border and other financial services - all compliantly.
Everest's compliance and identity positioning cannot be overstated. To quote MLK, “the arc of the moral universe is long, but it bends toward justice”. The market is bending towards compliance, and specifically towards regulation in tier-one jurisdictions, where consumers are protected, and audits prevent thefts. Beyond compliance, the thesis of Everest is being proven out......human and deduplicated identity is a requirement for any society or economy to thrive. Twitter, for example, is attempting to verify users are not bots (human), and ultimately determine how many actual users (deduplicated humans, not accounts) are on the platform. The same will play out for DAOs who want to conduct a vote. And again, Everest is the only solution that is able to solve these issues with a crypto wallet and at scale.
Reviewing the past year, we delivered on a few things and are delayed on others. It always takes longer than you think. Some highlights from 2022:
- EverChain testnet released. I expect it will open more publicly later in 2023
- SEPA in/out integrated to facilitate EUR
- Global fiat-in/out via debit card opened
- Instant liquidity and international routes opened with our on-demand liquidity partner
- Buy, trade, sell crypto functionality turned on
- SDK with widget launched
- License addition for reception & transmission of orders
- Chainlink integration to verify human, deduplication and KYC status
- First in the world to do a zero-knowledge proof of KYC and deduplicated human via an interactive 721
- Ability to buy ID tokens directly
I recommend watching this to get a sense of the enormous scope of the Everest ecosystem:
2023 will be a year of bringing on users and executing transactions. And I expect most of that will come via b2b2c integrations, others integrating our SDK. Additionally, given Malta's foresight on pan-European licensing, Everest is situated to become MiCA licensed as soon as the legislation is signed and matriculated through the national bureaucracy. Here's to a great 2023!"
(Continued...)