10 Million Users Buy Crypto In MetaMask Through Him | Transak CEO Sami Start & Boaz Sobrado

He applied for the wrong regulatory license and had to redo the entire application from scratch. Now his company moves billions of dollars a day between fiat and crypto.Sami Start co-founded Transak in 2019 to solve a simple problem: making it easy to convert between fiat currency and crypto or stablecoins directly inside third-party apps like MetaMask, Trust Wallet, and Phantom. The company has grown to serve over 10 million users through hundreds of integrated applications, holds licenses across the UK, EU, US, Canada, Australia, Hong Kong, and beyond, and now operates in roughly 90 countries worldwide, the notable exceptions being sanctioned nations like China, Iran, and North Korea.Sami sits down with Boaz Sobrado to talk about the financial crime that comes with moving millions of dollars a day, the vulnerable people scammers specifically target, and why, years after crypto promised to end KYC hassles, you still have to verify your identity again every single time.We cover:Why Transak turned down building a prediction-market wallet integrationThe wrong regulatory license that cost months of wasted paperworkWhy China, Iran, and North Korea are off the table, regardless of GDPHow Binance quietly relies on competitors like Transak for local payment railsThe UK's FinProm rules making it harder to onboard new usersWhy "it hasn't been solved yet" is the honest answer on reusable KYCThe vulnerable customers scammers specifically target, and why Sami takes it personallyWhere your passport data actually goes after you upload it for KYCWash trading and the fake user numbers of the early DApp eraWhy crypto's "casino and speculation" era might finally be fadingWhether Transak wants to become the one company that owns all your financial dataThe Binance, MetaMask, and Trust Wallet integrations behind the scenesBillions of dollars processed, and the exact number Transak won't confirmGetting an FCA license for anti-money laundering and consumer protectionWhy spinning up a new crypto wallet to dodge fraud detection is trivially easyThe "stablecoin sandwich" and where global stablecoin demand really comes fromRESOURCES & LINKS:https://transak.comMORE OF SAMI START:LinkedIn: https://www.linkedin.com/in/samistartMORE OF ON THE MARGIN:Website: https://www.themargin.tv

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Main Site: https://www.on-the-margin.comMORE OF BOAZ SOBRADO:Twitter: https://x.com/sobradobInstagram: https://www.instagram.com/sobradobWebsite: https://themargin.tv/boaz-sobradoMORE OF IVAN PATRIK