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Getting a worse price than quoted because the market moved or your trade was large relative to available liquidity. Apps let you cap how much slippage you will accept.
Market impact on a large order, or a limit price that protects you from a bad fill.
Code that lives on the chain itself and executes exactly as written the moment its conditions are satisfied. No discretion, no goodwill, no one to appeal to.
An escrow agreement plus the core banking code that executes it, fused into one thing and published for anyone to read.
An independent review of a contract's code before people put money in it. An audit lowers risk. It does not remove it, and 'audited' is not a guarantee.
An external security review, or a regulatory inspection of a core system.
Getting back into a wallet using trusted contacts or logins rather than a written phrase. It removes the single worst failure in crypto, which is losing one piece of paper.
Account recovery through security questions, a trusted contact and two-factor codes.
In Kite: You can restore access with Google or Apple sign-in, so losing a phone does not mean losing your balance.
The gap between the buy price and the sell price. It is a fee that is never labelled as one, which is why a service advertising zero commission can still be expensive.
The difference between the bureau de change's buy and sell rate in the window. The commission was never the point.
A digital token built to hold one steady value, almost always one US dollar. Unlike bitcoin, it is not meant to go up. It is meant to still be worth a dollar tomorrow, which is what makes it usable as money rather than as a bet.
The e-money balance in a payment app. The number in your PayPal or Wise account is not physically dollars either, it is a claim on dollars that spends like dollars.
In Kite: Your Kite balance is stablecoins. You hold USDC or USDT and it behaves like a US dollar account you can spend from.
A Visa or Mastercard funded by a stablecoin balance rather than a bank account. The merchant is paid in ordinary local currency and never knows or cares.
A debit card attached to a fintech wallet instead of a current account.
In Kite: The Kite Stable Card. No issuance fee, no maintenance fee, and it spends anywhere Visa is accepted.
Locking tokens to help secure a proof of stake network, earning a share of rewards for it. The yield comes from the network's own issuance and fees, not from a borrower.
A term deposit, if the deposit also happened to power the bank's clearing system.
A unit of value recorded on a blockchain. It might be a dollar, a share of something, a voting right or a queue ticket. The word says nothing about what it is worth or what it does.
Loyalty points, a prepaid balance, a share certificate or a cinema ticket. All units on someone's ledger, all called by different names precisely because they differ.
Representing something that already exists, such as a dollar, a bond or a fund unit, as a token on a blockchain so it can move without a settlement queue.
Dematerialisation. Share certificates became book entries at a depository, and nobody misses the paper.
Your card number replaced by a device-specific stand-in, so the merchant never sees the real one and a leak from their systems is worthless.
Precisely what Apple Pay and Google Pay have always done. Nothing crypto about it, despite the word token.
In Kite: Add your Kite card to Apple Pay or Google Pay and spend from your phone.
How a token's supply, issuance and incentives are designed. It answers who holds what, what unlocks when, and who is likely to sell into you.
A cap table plus the dilution schedule, published up front for once.
Moving value from your wallet onto your card so it can be spent. Card rails and blockchain rails are separate systems, so cards generally need loading first.
Transferring from savings into current so the card does not decline.
In Kite: Top up with USDC or USDT and it lands as spendable dollars, usually within five to ten minutes. The fee is 0.53%.
The unique receipt number for a blockchain transaction. Paste it into a block explorer and anyone, anywhere, can see the status without asking a bank.
A UTR or payment reference, except the ledger it points to is public and you do not need to be a customer to read it.
A requirement that sender and recipient details travel alongside a transfer above a threshold, between the regulated firms at each end.
The originator information that already rides along inside a SWIFT message.
India's instant payment system, and the busiest retail payment rail on earth. Nearly every counter in the country takes it, from department stores to a single stall selling tea.
Faster Payments or Zelle, if they had also replaced cash almost entirely.
A US dollar stablecoin issued by Circle, backed by cash and short-dated US government debt held with regulated custodians, with monthly reserve reporting.
A dollar balance at a regulated e-money issuer, with the reserve statement published instead of assumed.
In Kite: One of the two stablecoins you can hold and top up with, on Base, Ethereum or Polygon.
The oldest and most widely traded US dollar stablecoin, issued by Tether. It is the default dollar across most of Asia and Latin America, which is why merchants and exchanges quote in it.
The dollar everyone in the market actually settles in, the way US dollars became the default for cross-border trade without anyone voting on it.
In Kite: The other stablecoin you can hold and top up with, on Ethereum or Polygon.
Vietnam's standard bank transfer QR code. It appears on café counters, on printed bills and on phone screens, and every domestic banking app reads it.
A national QR standard sitting on top of the domestic transfer rail.
A card issued as numbers only, usable online and in Apple Pay or Google Pay the moment it exists. No plastic, no post.
The virtual card a neobank issues you in-app while the physical one is still in the envelope.
In Kite: Your Kite card is issued virtually and works straight away. Add it to Apple Pay or Google Pay and tap.
How violently a price moves. It is the reason stablecoins exist, and the reason nobody wants their rent money in something else.
Standard deviation of returns, the same measure a risk desk has always used.
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