ETH Rio 24 - Bridging TradFi and Defi: The Case For CrossFi | Leo Kahn

Transcript

um I do believe that most Brazilians here um but we'll do this one in English uh with Leo I'm happy to introduce Leo he's from crossy they're building something pretty cool to Bridge trfi and and defi um and we can take a lot of learnings from that because in Brazil we are discussing about having the tokenized economy right so we we are still learning how to do this how interoperability is going to work so if you can teach something about that that to us and let us know how you guys are building that uh we would be fre to learn more uh short thing Antonio we

already built it by the way so it's not building we've built it it's live and I'll show you a demo as well today so amazing yeah and and we're we're registered here in Brazil so we we are part of a Brazilian economy and the Brazilian company so oh that's cool local I even got some Goosebumps I didn't know that that's cool there you go cool how's everyone doing guys had a good lunch everything yeah have energy you're good coffee food everything good to go yeah that's good to know uh any English speakers or mostly are uh Portuguese speakers okay I will talk a little slow or maybe a little fast Depending on time my time is limited um so my apologies for talking a little fast because these guys will throw me off stage all right okay cool I'm Leo uh

from San Francisco and I'm the chief marketing officer at crossy which is basically a defi company uh we are a layer one protocol and you guys are probably like oh my God another layer one uh uh but it's a little bit of a quite intriguing and different network so if you just bear with me I will explain you why this is important and what were the gaps and the holes that we actually looked at into the industry and we said no one is doing this why isn't anyone doing this a it's super hard uh very difficult super expensive so we wanted to bring a product to the local master is Visa everyone here who could actually use uh a simple card and pay for everything in crypto that you have right so basically take your crypto convert it

into Fiat and pay for goods like coffee Uber rides whatever we just had lunch by the way this team uh I have a great video demo that I recorded and happy to share with you guys air drop it and send send it to you guys that that would be amazing uh we just went across the street here had lunch uh me and my teammate Fedor and we just paid from our card so that was phenomenal um so what are we trying to do uh there's a couple of things uh we all know Finance the world of Finance traditional banking dated it's been around for thousands of years you guys know this right you you know the story so I'm not going to get into that then you come into the world of Finance like Finance is stock market brokerages exchanges and all of that and then uh

that turned into a term known as traditional Finance it's like oh what do you do oh I work for fintech I work for fintech is like a tech you know Tech fintech and then traditional Finance uh so which the term now has been branded into trade I don't know if I'm a fan of the word trade F but uh more and more people are talking about that this is trade fi but defi changed the world as we know it so that's you know that's there that's decentralized Finance so now the the challenge is how do you bridge the gap between trade F traditional finance and decentralized finance that's where crossi comes in that's basically our story uh what we built so if you look at the uh current landscape today uh unfortunately I mean even part of the G20 um you guys

probably see the cars going around all the Pol politicians are here and so forth no one cares about crypto they they don't care right maybe a bunch of few few few folks out there but mostly governments are scared of crypto uh but if you look at the list on the top uh that's the perfect economic model right where they say you've got countries like Venezuela uh by the way we we have the guy here his name is Fedor he's right here with the team he's an executive who created the elro you know this is this is the guy this is the creator so so you want to grab him afterwards and say hi and take a picture he's some sort of a celebrity uh he's with the president and everything so that's the guy who created

it uh and then you got Argentina turkey Zimbabwe right and Lebanon and Brazil and you know the situation right so Argentina is next door you guys know the situation and what's really happening in that country um currency's basically gone to zero so what do they do they don't rely on anything else getting Fiat like physical US dollar is very hard and I think uh US dollar in my opinion is probably the biggest shitcoin out there cuz uh you know there there's no caps there's no caps you can you can print whatever you want and just basically put it out there yes it it is a Global Currency at this point but how long how long can it stay there Larry thinkink the CEO of Black Rock um you know he's on the record they're they're

buying Bitcoin like any like anything um so for for for for these countries hyperinflation instability changes in politics and whatnot you guys here in Brazil went through like Decades of dictatorship and you know Army and whatnot it's a process like countries go through this then what do you do inflation happen and so forth so so back then there was no cryptocurrencies to do that no something like a Bitcoin or ethereum today we do so it's permissionless right it's less volatile it's very secure people put a trust into it why do you do a b system back in the day there used to be a b system hey I'll give you a you know a cow and you give me you know x amount of rice bags or something and that was it that was the trade right traditional finance that is

a b system so people put a trust in that there was no currencies involved so now people put trust in Bitcoin right and and other uh cryptocurrencies so that's kind of like what we're changing so what does the uh crossfight chain really looks like we were talking about uh this morning I was talking about interoperability which kind of is like the but the latest buzz word but we kind of like live by it um and uh we do have an evm which is is um on um it's makes it much more easier for you to communicate with articles makes it much more easier for you to communicate with other chains and basically uh Port any any projects that you have on the ethereum network and so forth so it's very developer focused it's very eco-friendly super light fast

uh to build scalable uh products and tools uh on top of it so that's kind of like what we uh think about in terms of cross uh you know cross change built on the cosmos Network just FYI so it's modular uh this is also a talk today like people are talking about oh are you modular are you not are you like a you know monolithic chain um do I just like build on you and that's it and set it and forget it uh so we wanted to make it much more easier for everyone right so where you have verification of different types of blocks uh there's you know new coin emissions it's consensus it's a production and um again the key word and the superpower is interruptibility that's that's why we're here that's why we're preaching that's why we're talking and making sure that

this project is successful in terms of everyone has their hands on it and play with it like play with the architecture like stretch the networks you guys are developers uh and you know say this was BS or not right uh so we're here to basically prove uh prove prove the model uh 5-sec block time uh super super fast uh you can do super fast transactions on it uh there's unlimited scaling opportunities when I say that I I absolutely mean by that and the throughput is like super super high as well so those are are some of our chain features just keeping it very very simple um we're not here to like brag or boast or anything like that um I will do a quick demo for you guys and show you basically how um you know these features work uh just just in a bit so we'll do

we'll do a bit of a live demo as well so why why is our mission so important our mission is important because what we want to do is we want to put crypto in hands of everyday users everybody everybody sitting here uh show of hands has a either a metamask wallet or trust wallet or any type of crypto wallet any any any everybody everybody everybody has it right now can you just take that metamask wallet go to the store next door right here or this vendor and just say hey take my manam mask and you know scan the QR code and you pay for your meals or whatever no you can't a lot of lot of people are shaking their heads they're like I can't that's the challenge that we're trying to solve so this is exactly uh here in my hands this

is the card backed by Visa it has a Visa logo on it you can tap to pay just uh like a simple simple simple card and all I do is literally we went here uh we ate lunch and in local currency in Brazilian Ralls we just basically ate whatever we wanted and we just tapped it and then boom it's done so the beauty of this card is uh minimum level of kyc required by Visa uh but we basically cut the cut the middleman so there's no banks involved there is no bank so you don't have to connect to your bank account uh to go and pay for uh you know goods and the best thing is the fees like literally today is nothing uh the other guys whether it's coinbase or somebody else

they charge anywhere from 9 to 15% in fees let that snc in I'll say that again anywhere from 9 to 15% that's what you're paying from your crypto wallet to those guys to basically use it so it's stupid that's why people don't use it they're like why would why would I use it it's so expensive I'm just going to use my traditional card American Express or regular Visa Chase card I mean I'm from I'm from the states so I basically uh you know know those cards I don't know the local Brazilian cards but I'm sure you have like all these different um Airline cards and stuff like that to get mileage and whatnot uh so that's why people use those cards because they don't want to pay fees merchants on the other hand hate Visa Mastercard American Express

they hate them all tell you why they hate them cuz on the merchant side by the way I used to work for PayPal so launching uh crypto in PayPal was it was also exciting but uh so they they charge fees they charge anywhere from 3 to 5% so Visa Mastercard charge 3% to Merchants to businesses these local businesses that you support right that poor guy is selling you a burger 5% there you go in Brazil it's 5% so they charge you 5% it's kind of like a credit card cartel what I call they just decide they're like hey this is the fee you pay 5% you want to do business with me or not and then you're kind of like you know you lose business because no one's carrying cash anymore it's a cashless Society um that's just what it is we used to carry coins in our pocket right

I don't even know last time I I saw a coin or I gave a quarter to somebody the coins are done cash I I don't even carry cash anymore so so we're becoming a cashless society and then uh you know currency is becoming digital so what I say is money is becoming software money is software let let that sink in for a while money is software so um that's what it is so we basically are enabling software and we're making make sure that uh it has virality so everyone is using it and then you know you basically put it to your daily lives and use it for your benefit so that's basically what our mission is uh this is kind of like what a flowchart is for anyone who wants

to geek out uh I probably could take like 20 30 minutes just to talk on on this slide uh but it's for you guys take screenshots uh this is also on our website um and uh let me know if you have any questions but people kind of like ask they're like oh what what does the ecosystem really looks like I'm very interested you have xfi USD MPX MPX is by the way our token and XY is also our token so you pay everything in uh XY so uh I will not get too much into this but yes there's St staking there's Bridge non-custodial right you have the crossfire app crypto it's a bit complicated uh to to kind of like build uh this kind of a network which is again super super scalable but you kind of

like get it in in a nutshell uh any of you developers out here Builders out here uh who understands the world of defi this kind of like a cool slide for you guys and we can geek out on it but for the rest of the audience I try to keep it like a a you know a little high level here so that's that slide so that's the app um it's this is not something that will come out in the future uh 2 months from now 3 months from now and we're promising you something you know that will never happen or something this is life today actually I have the app today so we have the app um and here's the card again I'll just kind of like a Shameless plug right you're always like preaching your card but but but the card is here but

you don't need the physical card so who carries physical cards right nobody um because you just do it from your uh either Android pay or Apple pay or whatever you use it so we have virtual cards you don't need this this is just for demo purposes today cuz people are like oh do you have a card like yeah we have a Visa a card logo on it numbers on it and everything and Chip and you know the entire the entire whole line yards but um basically just use your phone you don't you don't even need to carry this uh you have a simple terminal that basically any Merchant is taking this right it has a SIM card in it it has internet connectivity uh you know connects to the internet does your transaction all happens W wirelessly your simple tap to pay right the tap to

pay thing so so that's that's the that's the way to do it so yeah so you pay for all of the goods in x you can perform transactions connect your any wallets that you have metamask today you can you can absolutely do it and then pay for goods very very super super super simple that's the card that's that's the CEO's Name by the way Alexander so uh we are simultaneously juggling events so we just did a huge launch in Vietnam uh I don't know if there were like a couple of thousand people uh over there we did we did a huge launch we have a huge huge huge community in Vietnam we were there for like entire one week uh basically going around the country and so for uh and I'm off to Vietnam after this so uh it's it's a bit of a road show for us

like you know we're going and preaching and you know telling people uh about about our launch so in test net phase today uh the test net will be for about another two more months and then you know we basically hit the main uh main net so yeah the process is super simple like I said open an xfi account it's available today you connect your manavas available today and hold your smart card contract on it and it's 100% in your control we don't do anything you know we don't we don't we don't get into your information or any of that stuff and then you purchase by card so it's simple you know 1 2 3 4 it's it's super super simple uh any of the na hers or you're saying yeah look looks nice I don't know if this could be doable you know it's believable or not guys I challenge you

let's let's go for coffee I'll pay for it I'll pay for it trust me uh and we'll use the same card right here and we'll go to the merchant right outside next door and I'll pay for your coffee and I'll show you how the network is you know it works so fast so it's super super awesome so uh again this has never been done before so that's why what we're doing we are Bridging the Gap between traditional Finance like these terminals you swipe cards you know this is what I call traditional and then bringing a non-custodial solution to basically the Define stuff that's that's basically what crossy is doing so uh how to find us scan us scan this code we are basically uh get your phones up guys just

help me do do me a solid uh scan us we are on Discord LinkedIn we are on Tik Tok x Facebook pretty much everywhere you can't miss us just scan the code whatever you want um you can find us so that's that's that's crossfight with that uh I do have some time and I'd love to open it up for uh Q&A can we get a mic here please for Q&A thank you thank you thanks a lot Leo for the presentation my name is venicius um could you walk us

through how the currency is actually converted so let's say from a token I have in my metamask two Brazilian ha that the person is going to receive yeah it's called Uh automatically that's uh that's that's kind of like what we're working on but today uh the idea is to use our token uh xfi uh token so you basically converted from your metam mask from you know e into into xfi and then you have it in the app and then when you pay from the xfi token that's kind of it's automatically converting into the reall so the person receives it in rall but you're using the XY token today because because we're in test net in the future uh you you'll have the ability to do um

multi- cryptocurrencies like whatever you want to pick you can just basically pick and choose so that's kind of like what we're doing we're talking to a lot of different vendors uh xrp is here so we're talking to those guys as well so how you can add much and more and more currencies uh to the app and then you can just basically decide like which one is going to be my default one so yeah good good question yeah that's a great question couple of question uh so thank you so much it's like fascinating what you guys are doing the product you've made is unbelievable I think like unthinkable uh so my question to you is how did your time at PayPal uh change your view about money so like PayPal is still like a traditional finance company uh maybe not

so traditional when it came out but today they're like traditional uh how did your time there influence your vision for like how cryptocurrency can be present in the lives of people like you said earlier that like people don't really care how this stuff Works behind the scenes it just wanted to work so like how did your time at PayPal like get to to that point I think that's one of the best questions I've ever heard uh yeah so PayPal did start as a disruptor when Peter Theo and Elon Musk they went about and built PayPal that's where I'm from actually uh I'm I'm from copertino which is maybe 15 minutes away from San Jose um they were disrupting the market

right they're like screw this screw screw traditional Finance we're going to go build something very cool and people will be able to do like peerto pure payments peer-to-peer payments did not existed what the peer-to-peer payment was let me give you cash let me write you a check let me do a bank money transfer a right all these things these are dated takes about 10 business days for for the money to clear in the back end so I call it cash velocity so if you're like a CFO which is here by the way of cross Finance you need cash velocity you need cash in the bank to actually pay for services and you know credit and so forth It's called Cash velocity um regulation is what happened to PayPal once you go public right there are certain rules and regulations that you need to you you need to follow so they

got into the business of doing business and the bad habits of you know what businesses do um you know you got SEC you got New York Stock Exchange you got all these different regulations and bodies which says oh these are these are securities these are assets and this is what you're doing now you have to play by these rules you have to do all these kycs you have to do this blah blah blah blah blah blah so that's what really changed them from uh a fintech company they're technically a fintech company right they're not traditional Finance but now they're moving towards tradition Finance they have a s savings account they have a checking account they give you uh they do your credit scores they give you loans um they do pretty much everything it's turning into a super Financial app and they're also doing crypto by the way so crypto on the back

end they're using like paos and it's you know they're they're custodial as somebody else right they're they're not really doing it so it's it's kind of like a water down version of that but what what I realize and I come from not just um super traditional web 2 companies like I did near protocol I was one of the first uh you know six seven people in that in that company uh when we started and I've been coming from like Cutting Edge Tech and so forth but then I realized um for the masses like people like our moms and dads and you know that generation they don't know what this is and they're never going to use it so companies like the metas the Googles the paypals they hold hold the keys to the kingdom them so they have the billions of users PayPal has a half

a billion users so if you want crypto instantly both in venmo and PayPal uh in hands of half a billion users you got to go through PayPal you got to go through those companies so but the mass adoption is good we need Mass adoption and these guys bring Mass adoption to the table uh but then again it's to answer your question yes it is a super centralized institution they will never be defi there forget about it it's just it's just too big of a company right too big to to fa that's what they say um so then that's I real that's what I realized I said you know what I can keep on doing this I can keep on pushing the envelope uh you know on this side they build great products nothing wrong with it but they're not really are kind of like a

audience and user right you would never go to a PayPal conference and and be like oh tell me more about your you know cool product just doesn't doesn't happen so the answer is crossy so you have to keep on evolving and keep on pushing the envelope and and looking at newer projects and different projects that push this so this this will never happen in a company like PayPal connect your metam mask they don't even know like you know how to even do it or pull this off so that's where the Innovation happens thank you great question a lot of questions today I like it room full of people hi thank you for your time I love their solution with payments in crypto bringing the credit card but one of the

big biggest challenges in crypto is like the ux and the adoption how do you see the adoption of your product and I had a question about the fees I didn't really understand what are the fees that are charged yeah so let me get into the fees the fees are two types of fees uh one is that the issuer charges the merchant like for example Visa Visa will charge the merchant who is the store they charge 5% the MDR fee yeah yeah so so so that's that's the fee that the merchant is paying you know you might pay them 10 RS but then they're charging 5% of 10 RS to the merchant they can't get away from that then you end up paying fees as well if you use a consumer card like a

coinbase or something else 9 to 15% depending on the region like whatever that is so that's coming the fees are coming out of your wallet so the merchant is paying a different fee to Visa or Mastercard or MX and then you're paying from your wallet the fees for them to do the whole process and whatnot so those were the fees uh in terms of adoption um we are a new project we we've been around for 2 three years we built the product we launched the product today we are in testnet so we're basically now on the poll we're saying hey now we have a product we built it we've proven the model it works so now we're going towards Mass adoption so uh and our uh segment Market is basically

the unbanked population which is hundreds of millions of people especially in Brazil the unbanked population is somebody who has never owned a bank account they don't even know what that is go talk to people in Mexico Venezuela Iran like they don't have bank accounts China is the biggest example of this by the way so what WeChat has done they are phenomenal it's a super app that phenomenon has never existed anywhere around the world except maybe in South Korea they use kaca which is kind of like a copycat model of what um WeChat is doing the super app is basically your Uber your payments your food delivery your hotel your flight tickets everything in one app your messaging everything there super app

that's what Elon is trying to do with x x. a maybe we'll get there maybe not I don't know so uh adoption takes time it doesn't happen overnight so yes now we are in kicking in high gears to do Mass adoption that's why we're here on stage we're talking about this you know there's hundreds of people here who now know about crossy and then hopefully ad options going thank you uh hello uh how does the qic work there like do you need to do a qyc to use the card sure great question kyc yes kyc needs to happen through uh because of Visa so Visa requires to do a do a kic we try to do that as much as minimal minimalistic but we want to be respectful of any of the kyc rules because we're not here to

promote stuff like anti-money laundering or fraud or any of that stuff so that that could happen whenever you use some somebody like a big Network like a Visa biggest Network in the world um so yeah we we they they make sure that we do kyc I think there was a question here as well yeah couple of questions great audience so I had a question that you partially answered uh about the fee side um so how how does so so the merchant it's using the Visa Network so the merch still paying the the visa fee like the 3 to 5% visa fee like irrespective of whether like whether they're using you

know your card or any other card they're still paying the same fee if it's on the Visa Network correct that is correct that's why I call them the credit card cartel um yes they charge a fee you you cannot escape the fee okay so there's no way there's no way around that at this point there's no negotiation with with with the cartels got it but the um I didn't realize that the the like these other credit card products these crypto card products that were charging up to 15% fees like Is that real like I have a hard time believing that I mean I'm not calling you a liar I'm just like that just sounds outrageous like why would anybody go to market with a product with like that that's uncompetitive surprise surprise they all depend on the different region which region you're using and so forth but yeah they charge

they charge you fees so I mean okay so so let's just say you you you you swap something you trade something and uh you buy Bitcoin which you look at at the price I'm not talking about dexs I'm talking about centralized exchanges do you think there's fees for that or you think it's free they're fees they charge it's called Spread spread fees right so you charge you on the spread uh there's always fees guys that's how they make money that's how you know that's how the revenues in billions of dollars so yes they do charge fees a lot of yeah I mean uh we I mean we can go offline we can take a look at some of the data and I I'll send it to you it just seems crazy like a crazy it is I I I I'm I'm I'm with you I'm I'm

scratching my head here too look listen I I work in PayPal you paid fees we charge you fees yeah hello uh who's providing liquidity for your token um I rather not get into that question so maybe we can we can take it offline so because we recording and everything so thank you but I'm happy to answer your question offline yeah hello so I would like to know how far do you think the market is like real people common people to use crypto payments how far are we to

having this working yeah I don't think so we are far enough I think the only challenge is uh the common people are stuck with uh Fiat cash right and they don't know what to do with it and the problem is then they take that money go to the bank and deposit that money but they don't trust the bank the currency is devaluating inflation is happening uh there are a lot of things that that's been going on so I think the number one problem for them is how do I take this cash like physical cash and convert it into crypto I think that's the number one problem the common people are facing uh so they don't know that they don't know how to do that so I think it's incumbent upon us to teach them or provide them with services that hey

here's a kiosk or here's this uh you know kind of like uh uh money gram and Western Union you know like these money transfer services they have these great offices and stuff and you can that's why it's it's Successful by the way they they they charge also a lot of fees so if you try to send International money over so uh it's kind of something like that maybe you have in Europe they have it everywhere like uh in for example in Spain they had it everywhere you just go they also charge fee by the way it's nothing is free in this world so they will charge you a fee but they will convert your Fiat into crypto and they'll tell you like just tell us wherever you want to send it right they'll do it so I think we need something like that more and more maybe

for Crossfire and other companies which does it and then that's it that's that's that's where adoption will happen so do you believe that when people understand that Fiat value is basic on trust they will change and start adopting more crypto I mean look around you where was crypto 5 years ago there is adoption right there's M Mass adoption now everyone is like the Bitcoin ETF came out I think that is the biggest ma Mass adoption in in the history that is in my country in America that is the number one Financial product out there you know what what everyone is basically money managers are basically selling it's BT BT BTC uh ETF tongue twister right BTC ETF BTC ETF so uh that's kind of like what they're uh looking for to buy that but why why do

that why buy just an ETF for for Bitcoin just get the whole actual thing right I would do that I would never do it so but there are novice users there's so many people old people with lot of money and they don't know what the Bitcoin is and they don't even know where to go they don't even know how to operate coinbase so they just call their money manager they're like hey I heard about this thing called Bitcoin I want piece of the action can you get me they're like yeah we have an ETF for that you know where you work for black and whatnot and they're like yeah your money is saved they're like good put a million dollars in it I don't care and then the ETF price goes up and whatnot so that's a massive adoption that's already happening in the baby boomer uh baby

boomers are people who are 50 plus and stuff like that today you know older actually uh so that's the mass adoption that's happening in that in that generation that we know that's the number one Financial product in America right now oh so sorry there's a question here then I then I take you okay quick question with your uh people background and with the conversation around fees that we're having um what do you think of the transferwise sort of mission of like you know zero fee uh sort of transfers man you got to be a little careful when they say transfer wise zero fees and all the spreads they charge money on the spreads they they're charging money somewhere on the back end but yeah transfer is great I mean again

they're pushing the envelope today it's all about um taking the customer away from you know the stripes of the world the paypals of the world and so forth like what just just bring them over right it works great uh transfer wise is not really that big in America I mean they're kind of like coming here and there whatever but you know uh there's another big player um in America it's called block so Square payments uh you know uh founder of Twitter uh Jack dorsy so he started that company cash app it's called Cash app um so that's that tends to do a little bit well uh they have better volume transactions in terms of venmo which is part of PayPal and PayPal um so transfer wise not so much but I think in in Europe they do they do they do a good job uh but eventually today

they they'll take a loss and they'll burn money because they have money in the bank and they'll take a hit but eventually it's not a sustainable model this entire model works on fees you know basis points and stuff like that um so that's why it's traditional Finance we keep we keep talking guys traditional Finance no matter what they do they will always go back to you know traditional Finance so but defi changes that thank you great question the LA last last question this is a phenomenal audience I'm I'm telling you you guys are super engaged you guys love it and I'm loving the energy so thank you so much the last question the Bitcoin ETFs are kind of like the antithesis to what you guys are trying to do since that cements the

cryptocurrencies as almost like a security asset versus what you guys are trying to do which is actually transact with the crypto put it to work right but um what interests me is what are you guys doing to combat that and also how how did you guys actually manage to for your success in Vietnam for example yeah I don't think so we're trying to combat anything so we're trying to stay in our lane and do our thing uh if I'm being truly honest with you like that that's maybe a bigger problem to solve for tomorrow but not for today right uh I'm interested in solving problems for right now in real time and then yes we're thinking about tomorrow but I'm not worried about taking on the SEC and then you know figuring out oh my God like you approved Black Rock we're not not going

to they're managing what trillions of dollars right so you're not going to win that battle right now it takes takes time to to do that so that's great I mean if the BT you know BTC uh Bitcoin ETF is out there and people are buying and doing it it is a security it's it's legitimized like SEC blessed it that's it it's done uh so that's why now people want to buy more Bitcoin because they're like oh my God it's legal it's it's it's legal now so I can I can go buy byy byy Bitcoin uh so I think that was a main thing at least in the US I can tell you the US mindset they didn't want to get anything into because they're like it's illegal right and this this means nothing but now once the SEC says that yes it's something then everyone wants

the piece of the action but today uh my uh Mission today at crossy and our mission today at crossy is really to put this crypto in hands of everyone and you can use it you know through the network of which is the biggest Network on the planet which is Visa to use it and just pay for daily Goods uh you know by using your crypto and without having a middle man no banks involved like literally no banks that is one challenge that we wanted to solve and that's we basically proven so that's one Mission so um you know Rome wasn't built in one day so one stone at a time right and so basically that's what we're doing so today this this is what we do awesome thanks thank you time's up no questions thank you thank you guys this has been amazing

thank you so much I hope you use the card thank you I hope you use the card you want a demo come talk to us we'll do a demo for you I'll pay for your coffee