Cyrus Shirazi (Haven) on Better Bookkeeping for Crypto Startups & Beyond (EP.648)

Bullish:

• $ACCOUNTINGAI - Haven has made significant progress in automating accounting processes for businesses, with potential for further automation in the near future.

  • “We've been able to automate right around 60 to 65% of the entire accounting process for a business on, like, monthly cadence, And then the delta is handled by our team. We believe that we'll probably be able to get close to, like, 75 to 80% in full complete automation”

    Cyrus·16:26
• $CRYPTODATA - Improved data labeling for crypto transactions could significantly enhance the efficiency of crypto accounting, making it more comparable to traditional fiat accounting.

  • “Once we have vendor name and description associated with any and all crypto related transactions, accounting will be a thousand times easier and become far more akin to standard fiat accounting.”

    Cyrus·25:55
• $CRYPTO - The crypto market is showing signs of recovery, with increasing recognition of its use cases, particularly in cross-border payments.

  • “I think crypto's back. Whether it's a testament to, like, the new administration or not, I think the world is beginning to see far more of the use cases for crypto, specifically when it comes to cross border payments.”

    Cyrus·22:20
• $STABLES - Stablecoins have the potential to significantly reduce transaction costs in digital payments, offering efficiency comparable to traditional card interchange fees.

  • “When you're spending money on, like, a card and you can just settle on the other end in stables or in crypto, there's no off ramp costs. It's literally just maybe the crypto synonymous version of interchange if it were to ever exist.”

    Cyrus·23:11