Kiln's DeFi Rendez-Vous - Ep #4 ft Sergej Kunz from 1inch Network

[@AdelioJodoin]

Thanks for the breakdown! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?

[@bjoernkoenig]

I really do not understand the motivation behind this. Sergej said that central exchanges in Australia were the motiviation for this product 1inch card. But when there is a bank partner like Baankx behind it, it is also centralized. And the coins are not on the customers defi-wallet if i understand this correctly. And at least at this moment the product is not really useful for everyday purchases. For example you have to top up in Etherum Mainnet which is horribly expensive. Also I think Baanx doesn't support SEPA Instant.