🔥 Solana Insider Turned Founder: How Shimon Newman Is Rethinking Private Banking with Moto

Ever tried explaining to your private banker why your money is spread across three countries, two exchanges, and a crypto wallet? Shimon Newman, former Director of Research at Squads and now Founder & CEO of Moto, is building the card that makes that whole headache disappear. This one's for globally mobile customers who are tired of slow settlement times, FX fees, and banks that only pay attention once you've already made it.In this episode of The Index Podcast, Shimon breaks down why he left one of crypto's best companies to build a "secured credit card" that actually behaves like one, how Moto turns stablecoin deposits into real yield-funded cashback, and why he's betting the next $124 trillion wealth transfer won't go to Amex or JPMorgan.What we cover:🏍️ The Genesis story: why Shimon left Squads to build Moto, and the "$10 vs $10M" customer support insight that sparked the idea💳 Real credit vs. fake crypto cards: why most "crypto credit cards" are functionally debit cards, and how Moto's actually different🔁 The economic engine: how Moto borrows from credit facilities, earns interest on deposits, and funnels it straight into cashback🌐 Killing the private banking model: why global wealth no longer fits in one country, one bank, or one relationship⚡ Stablecoins, DeFi & on-chain infrastructure as invisible plumbing: how it powers Moto without ever feeling "crypto" to the end user✈️ The perks: Visa Infinite benefits, airport lounges, near-instant access to dedicated human support, and an invite-only waitlist by design🔮 The 5-year vision: Moto as the "Soho House of finance" and a real challenger to Amex and JPMorgan for the next generation of wealthLinks: 🔗 The Index Podcast: https://www.youtube.com/@theindexpodcast 🔗 Moto: https://www.moto-card.com/ 🔗 Moto on X: https://x.com/usemotocard 🔗 Shimon Newman on X: https://x.com/ShimonNewman 🔗 Shimon Newman on LinkedIn: https://www.linkedin.com/in/shimon-newman-671928153Show LinksThe Index X ChannelYouTube