# Making Crypto Feel Invisible I Itai Turbahn (Dynamic) and Alim Khamisa (Optimism) at ETHConf

- Speakers: [Itai Turbahn](https://streameth.org/speakers/itai-turbahn)
- Channel: [ETHGlobal](https://streameth.org/ethglobal)
- Date: 2026-07-09
- Duration: 22:09
- Watch: https://streameth.org/watch/yt-HCldsRWA3Qo
- YouTube: https://www.youtube.com/watch?v=HCldsRWA3Qo

## Description

In this fireside chat, Alim Khamisa from Optimism sits down with Itai Turbahn, co-founder of Dynamic, to discuss how embedded wallets are making crypto invisible inside mainstream apps. Itai explains that Dynamic, started in late 2021 and acquired by Fireblocks in late 2025, builds embedded wallets on the premise that every app on your phone will eventually have a crypto wallet. He traces the shift from Dynamic's early cryptonative customers to a client base now dominated by fintechs and financial institutions, noting the acquisition by Fireblocks (which processes around $6 trillion yearly and 10 to 15% of all stablecoin volume) accelerates work with the Western Unions, MoneyGrams, and Visas of the world.

The conversation centers on how crypto has moved from front and center to background infrastructure, since building a global neobank in a weekend now essentially requires crypto rails. Itai highlights two standout use cases: the trade everything theme, where companies like eToro, Robinhood, and Bitvavo add stocks, prediction markets, yield, and RWAs through invisible non-custodial embedded wallets, and the payroll and remittance use case with partners like Western Union and Papaya Global, where a payment to Argentina that once took days and lost money to conversion now settles in a second for a cent, stays dollar denominated, and can earn yield. Alim offers Optimism's perspective that earn products are the recurring enterprise request, stressing the importance of reputable curators, blue chip protocols like Morpho, and hardened security through formal verification, fuzz testing, monitoring, and bug bounties. Itai details Dynamic's MPC based security (no single private key, only shares that work together), noting Fireblocks is fundamentally a security company and roughly 80% of internal time goes to security while preserving self sovereign key export. They close on privacy as a non-negotiable requirement once financial institutions realize on-chain data is public, citing privacy chains like Canton and privacy pools, and Itai's view that wallets embedded in every financial app at global scale is the roadmap ahead.

00:00 Introduction
00:30 Introducing Dynamic and Embedded Wallets
01:18 Acquired by Fireblocks in 2025
01:36 The Next Frontier: Making Crypto Invisible
02:42 Why Wallet Infrastructure Is Maturing
03:02 Dynamic From Inception to the Fireblocks Acquisition
03:27 Starting in Crypto Summer 2021
04:00 Why Developers Needed Abstraction Tools
04:28 From One Fintech Goal to a Fintech Majority
04:57 Every App Will Have a Wallet in Five Years
05:44 How Fireblocks Accelerates Dynamic
06:38 Embedded Finance as a Key Theme
07:04 Everyone Becoming a Neobank
07:31 Stablecoins and Product Market Fit
08:12 Crypto Moving Into the Background
08:39 The Trade Everything Use Case
09:29 A Single Financial Hub on Your Phone
09:44 Bitvavo and Invisible Embedded Wallets
10:01 The Payroll and Remittance Use Case
10:43 Solving High Inflation and Slow Payments
11:22 Dollar Denominated Accounts That Earn Yield
12:12 Why Keeping Money In-Ecosystem Matters
12:40 Optimism's Perspective on Earn Products
13:07 The DeFi Mullet and Yield Infrastructure
13:47 Why Security Is Becoming Critical
14:43 Formal Verification, Fuzz Testing, and Bug Bounties
15:33 Security Inside Dynamic's MPC Wallet
16:00 Shout Out to Morpho's Raise
16:19 Why Fireblocks Is a Security Company
16:53 How MPC Cryptography Works
17:12 Self Sovereign Key Export at Scale
17:41 What Financial Institutions Require
18:01 Compliance, Audit Trails, and Risk Controls
18:25 When Institutions Realize On-Chain Is Public
19:25 Why Privacy Becomes Non-Negotiable
19:55 Privacy Chains and Privacy Pools
20:14 Why Privacy Will Be a Default
20:34 What Is Top of Mind on the Roadmap
21:09 Every App Becoming a Financial Application
21:41 Building a Global Neobank in a Weekend
21:59 Closing

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