WEBVTT Kind: captions Language: en 00:00:00.870 --> 00:00:10.790 align:start position:0% [Music] 00:00:10.790 --> 00:00:10.800 align:start position:0% 00:00:10.800 --> 00:00:12.509 align:start position:0% hello 00:00:12.509 --> 00:00:12.519 align:start position:0% hello 00:00:12.519 --> 00:00:15.390 align:start position:0% hello Defcon<00:00:13.519> hello<00:00:13.880> thanks<00:00:14.160> so<00:00:14.320> much<00:00:14.480> for<00:00:15.000> joining 00:00:15.390 --> 00:00:15.400 align:start position:0% Defcon hello thanks so much for joining 00:00:15.400 --> 00:00:18.790 align:start position:0% Defcon hello thanks so much for joining us<00:00:15.920> uh<00:00:16.640> on<00:00:16.880> this<00:00:17.160> very<00:00:17.680> exciting<00:00:18.160> panel 00:00:18.790 --> 00:00:18.800 align:start position:0% us uh on this very exciting panel 00:00:18.800 --> 00:00:21.230 align:start position:0% us uh on this very exciting panel discussion<00:00:19.800> um<00:00:20.279> we're<00:00:20.439> going<00:00:20.560> to<00:00:20.680> be<00:00:20.840> talking 00:00:21.230 --> 00:00:21.240 align:start position:0% discussion um we're going to be talking 00:00:21.240 --> 00:00:24.390 align:start position:0% discussion um we're going to be talking about<00:00:22.080> exactly<00:00:22.760> how<00:00:23.039> web<00:00:23.320> Tre<00:00:23.560> is<00:00:23.640> been<00:00:23.920> used 00:00:24.390 --> 00:00:24.400 align:start position:0% about exactly how web Tre is been used 00:00:24.400 --> 00:00:27.189 align:start position:0% about exactly how web Tre is been used in<00:00:24.640> Africa<00:00:25.119> today<00:00:26.119> and<00:00:26.519> what<00:00:26.640> are<00:00:26.800> the<00:00:26.960> types 00:00:27.189 --> 00:00:27.199 align:start position:0% in Africa today and what are the types 00:00:27.199 --> 00:00:29.990 align:start position:0% in Africa today and what are the types of<00:00:27.359> Innovations<00:00:28.000> people<00:00:28.199> are<00:00:28.720> building<00:00:29.720> uh 00:00:29.990 --> 00:00:30.000 align:start position:0% of Innovations people are building uh 00:00:30.000 --> 00:00:33.590 align:start position:0% of Innovations people are building uh early<00:00:30.359> this<00:00:30.560> week<00:00:30.880> we<00:00:31.439> covered<00:00:32.439> uh<00:00:32.680> two<00:00:33.040> really 00:00:33.590 --> 00:00:33.600 align:start position:0% early this week we covered uh two really 00:00:33.600 --> 00:00:36.430 align:start position:0% early this week we covered uh two really interesting<00:00:34.600> threads<00:00:35.520> of<00:00:35.719> the<00:00:35.879> impact<00:00:36.239> of 00:00:36.430 --> 00:00:36.440 align:start position:0% interesting threads of the impact of 00:00:36.440 --> 00:00:40.069 align:start position:0% interesting threads of the impact of crypto<00:00:37.440> on<00:00:37.640> one<00:00:37.960> side<00:00:38.399> it<00:00:38.559> is<00:00:39.320> plugging 00:00:40.069 --> 00:00:40.079 align:start position:0% crypto on one side it is plugging 00:00:40.079 --> 00:00:42.110 align:start position:0% crypto on one side it is plugging African<00:00:40.559> countries<00:00:40.920> and<00:00:41.200> economies<00:00:41.719> into<00:00:41.960> the 00:00:42.110 --> 00:00:42.120 align:start position:0% African countries and economies into the 00:00:42.120 --> 00:00:45.709 align:start position:0% African countries and economies into the global<00:00:43.000> economy<00:00:44.000> that<00:00:44.160> has<00:00:44.360> been<00:00:44.840> a<00:00:45.120> hyper 00:00:45.709 --> 00:00:45.719 align:start position:0% global economy that has been a hyper 00:00:45.719 --> 00:00:48.510 align:start position:0% global economy that has been a hyper globalizing<00:00:46.680> impact<00:00:47.039> and<00:00:47.320> effect<00:00:48.199> that 00:00:48.510 --> 00:00:48.520 align:start position:0% globalizing impact and effect that 00:00:48.520 --> 00:00:50.430 align:start position:0% globalizing impact and effect that traditional<00:00:49.079> systems<00:00:49.640> have<00:00:49.840> kind<00:00:49.960> of<00:00:50.079> failed 00:00:50.430 --> 00:00:50.440 align:start position:0% traditional systems have kind of failed 00:00:50.440 --> 00:00:53.150 align:start position:0% traditional systems have kind of failed us<00:00:50.920> and<00:00:51.480> we'll<00:00:51.760> hear<00:00:52.079> from<00:00:52.320> Founders<00:00:52.800> who<00:00:52.960> have 00:00:53.150 --> 00:00:53.160 align:start position:0% us and we'll hear from Founders who have 00:00:53.160 --> 00:00:56.189 align:start position:0% us and we'll hear from Founders who have basically<00:00:53.719> at<00:00:53.960> the<00:00:54.120> Leading<00:00:54.520> Edge<00:00:55.480> of<00:00:55.920> that 00:00:56.189 --> 00:00:56.199 align:start position:0% basically at the Leading Edge of that 00:00:56.199 --> 00:00:59.229 align:start position:0% basically at the Leading Edge of that movement<00:00:56.760> in<00:00:57.039> plugging<00:00:58.039> payments<00:00:58.640> banking 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economy<00:01:07.479> and<00:01:07.640> on<00:01:07.759> the<00:01:07.880> other<00:01:08.200> side 00:01:08.910 --> 00:01:08.920 align:start position:0% global economy and on the other side 00:01:08.920 --> 00:01:11.429 align:start position:0% global economy and on the other side there's<00:01:09.119> a<00:01:09.280> lot<00:01:09.400> of<00:01:09.680> amazing<00:01:10.640> opportunities 00:01:11.429 --> 00:01:11.439 align:start position:0% there's a lot of amazing opportunities 00:01:11.439 --> 00:01:14.310 align:start position:0% there's a lot of amazing opportunities to<00:01:11.759> go<00:01:12.200> even<00:01:12.520> more<00:01:12.880> local<00:01:13.600> than<00:01:13.799> where<00:01:13.960> we<00:01:14.119> are 00:01:14.310 --> 00:01:14.320 align:start position:0% to go even more local than where we are 00:01:14.320 --> 00:01:17.030 align:start position:0% to go even more local than where we are going<00:01:14.840> today<00:01:15.840> and<00:01:16.159> we're<00:01:16.320> going<00:01:16.439> to<00:01:16.680> hear 00:01:17.030 --> 00:01:17.040 align:start position:0% going today and we're going to hear 00:01:17.040 --> 00:01:19.950 align:start position:0% going today and we're going to hear about<00:01:17.400> the<00:01:17.640> hyper<00:01:18.040> localization<00:01:18.759> impact<00:01:19.240> that 00:01:19.950 --> 00:01:19.960 align:start position:0% about the hyper localization impact that 00:01:19.960 --> 00:01:22.990 align:start position:0% about the hyper localization impact that perhaps<00:01:20.320> were<00:01:20.560> not<00:01:20.920> possible<00:01:21.360> to<00:01:21.600> do<00:01:22.520> in<00:01:22.759> this 00:01:22.990 --> 00:01:23.000 align:start position:0% perhaps were not possible to do in this 00:01:23.000 --> 00:01:25.510 align:start position:0% perhaps were not possible to do in this way<00:01:23.680> before<00:01:24.200> blockchain<00:01:24.680> Technologies 00:01:25.510 --> 00:01:25.520 align:start position:0% way before blockchain Technologies 00:01:25.520 --> 00:01:28.230 align:start position:0% way before blockchain Technologies became<00:01:25.840> a<00:01:26.040> thing<00:01:26.840> so<00:01:27.240> I'm<00:01:27.400> very<00:01:27.640> excited<00:01:28.040> to 00:01:28.230 --> 00:01:28.240 align:start position:0% became a thing so I'm very excited to 00:01:28.240 --> 00:01:30.910 align:start position:0% became a thing so I'm very excited to have<00:01:28.520> an<00:01:28.720> amazing<00:01:29.119> group<00:01:29.360> of<00:01:29.520> people<00:01:29.960> to<00:01:30.240> cover 00:01:30.910 --> 00:01:30.920 align:start position:0% have an amazing group of people to cover 00:01:30.920 --> 00:01:32.630 align:start position:0% have an amazing group of people to cover these<00:01:31.119> threads<00:01:31.520> with<00:01:31.680> us<00:01:32.079> we're<00:01:32.240> going<00:01:32.360> to<00:01:32.479> do 00:01:32.630 --> 00:01:32.640 align:start position:0% these threads with us we're going to do 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do you want to introduce<00:01:38.399> yourself<00:01:39.040> yes<00:01:39.840> my<00:01:40.079> name<00:01:40.280> is<00:01:40.479> jambin 00:01:40.910 --> 00:01:40.920 align:start position:0% introduce yourself yes my name is jambin 00:01:40.920 --> 00:01:43.469 align:start position:0% introduce yourself yes my name is jambin jog<00:01:41.799> I<00:01:42.200> work<00:01:42.439> for<00:01:42.600> Grassroots<00:01:43.040> economics 00:01:43.469 --> 00:01:43.479 align:start position:0% jog I work for Grassroots economics 00:01:43.479 --> 00:01:45.429 align:start position:0% jog I work for Grassroots economics Foundation<00:01:44.320> been<00:01:44.520> working<00:01:44.799> for<00:01:44.960> the 00:01:45.429 --> 00:01:45.439 align:start position:0% Foundation been working for the 00:01:45.439 --> 00:01:47.630 align:start position:0% Foundation been working for the organization<00:01:46.439> uh<00:01:46.520> for<00:01:46.719> the<00:01:46.840> last<00:01:47.000> six<00:01:47.240> years 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development super<00:01:56.200> happy<00:01:56.439> to<00:01:56.560> be<00:01:56.759> here<00:01:57.360> and<00:01:57.479> where<00:01:57.600> are<00:01:57.680> you 00:01:57.870 --> 00:01:57.880 align:start position:0% super happy to be here and where are you 00:01:57.880 --> 00:02:02.510 align:start position:0% super happy to be here and where are you from<00:01:58.640> I'm<00:01:58.840> from<00:02:00.039> Nairobi<00:02:00.840> but<00:02:01.240> I<00:02:01.360> live<00:02:01.520> in<00:02:01.680> kifi 00:02:02.510 --> 00:02:02.520 align:start position:0% from I'm from Nairobi but I live in kifi 00:02:02.520 --> 00:02:05.149 align:start position:0% from I'm from Nairobi but I live in kifi and<00:02:02.719> that<00:02:02.840> is<00:02:02.960> also<00:02:03.200> where<00:02:03.320> I<00:02:03.479> work<00:02:04.479> nice<00:02:05.079> if 00:02:05.149 --> 00:02:05.159 align:start position:0% and that is also where I work nice if 00:02:05.159 --> 00:02:07.149 align:start position:0% and that is also where I work nice if you<00:02:05.360> guys<00:02:05.640> have<00:02:05.799> never<00:02:06.039> been<00:02:06.240> to<00:02:06.399> East<00:02:06.719> Africa 00:02:07.149 --> 00:02:07.159 align:start position:0% you guys have never been to East Africa 00:02:07.159 --> 00:02:15.070 align:start position:0% you guys have never been to East Africa kifi<00:02:07.640> is<00:02:08.000> an<00:02:08.160> incredible<00:02:08.759> place<00:02:08.920> to 00:02:15.070 --> 00:02:15.080 align:start position:0% 00:02:15.080 --> 00:02:18.670 align:start position:0% visit<00:02:16.080> one<00:02:16.319> two<00:02:17.200> awesome<00:02:18.120> hey<00:02:18.280> everyone<00:02:18.560> my 00:02:18.670 --> 00:02:18.680 align:start position:0% visit one two awesome hey everyone my 00:02:18.680 --> 00:02:21.030 align:start position:0% visit one two awesome hey everyone my name<00:02:18.800> is<00:02:18.959> David<00:02:19.239> Nanda<00:02:19.840> I'm<00:02:20.000> CEO<00:02:20.360> and<00:02:20.480> CTO<00:02:20.840> of<00:02:20.920> a 00:02:21.030 --> 00:02:21.040 align:start position:0% name is David Nanda I'm CEO and CTO of a 00:02:21.040 --> 00:02:23.110 align:start position:0% name is David Nanda I'm CEO and CTO of a business<00:02:21.319> called<00:02:21.480> honey<00:02:21.760> coin<00:02:22.000> and<00:02:22.319> Pier<00:02:22.959> we 00:02:23.110 --> 00:02:23.120 align:start position:0% business called honey coin and Pier we 00:02:23.120 --> 00:02:26.270 align:start position:0% business called honey coin and Pier we are<00:02:23.400> B2B<00:02:23.920> to<00:02:24.120> see<00:02:24.519> Financial<00:02:25.160> super<00:02:25.560> app<00:02:26.080> and 00:02:26.270 --> 00:02:26.280 align:start position:0% are B2B to see Financial super app and 00:02:26.280 --> 00:02:28.430 align:start position:0% are B2B to see Financial super app and Treasury<00:02:26.680> and<00:02:26.840> payments<00:02:27.239> platform<00:02:28.080> I'm<00:02:28.200> based 00:02:28.430 --> 00:02:28.440 align:start position:0% Treasury and payments platform I'm based 00:02:28.440 --> 00:02:29.949 align:start position:0% Treasury and payments platform I'm based out<00:02:28.519> of<00:02:28.640> Nairobi<00:02:29.000> Kenya<00:02:29.280> and<00:02:29.400> like<00:02:29.519> super 00:02:29.949 --> 00:02:29.959 align:start position:0% out of Nairobi Kenya and like super 00:02:29.959 --> 00:02:31.150 align:start position:0% out of Nairobi Kenya and like super excited<00:02:30.239> to<00:02:30.319> be<00:02:30.440> here<00:02:30.560> and<00:02:30.720> thank<00:02:30.840> you<00:02:30.920> for<00:02:31.040> all 00:02:31.150 --> 00:02:31.160 align:start position:0% excited to be here and thank you for all 00:02:31.160 --> 00:02:35.030 align:start position:0% excited to be here and thank you for all being<00:02:31.319> in<00:02:31.440> the<00:02:32.000> room<00:02:33.000> thank<00:02:33.200> you<00:02:34.120> hey<00:02:34.319> everyone 00:02:35.030 --> 00:02:35.040 align:start position:0% being in the room thank you hey everyone 00:02:35.040 --> 00:02:37.790 align:start position:0% being in the room thank you hey everyone uh<00:02:35.160> my<00:02:35.280> name<00:02:35.440> is<00:02:35.680> y<00:02:36.319> bosi<00:02:37.319> um<00:02:37.480> I'm<00:02:37.599> the 00:02:37.790 --> 00:02:37.800 align:start position:0% uh my name is y bosi um I'm the 00:02:37.800 --> 00:02:41.030 align:start position:0% uh my name is y bosi um I'm the co-creator<00:02:38.360> of<00:02:38.560> onboard<00:02:39.560> we're<00:02:39.800> building<00:02:40.480> a 00:02:41.030 --> 00:02:41.040 align:start position:0% co-creator of onboard we're building a 00:02:41.040 --> 00:02:44.790 align:start position:0% co-creator of onboard we're building a borderless<00:02:41.720> digital<00:02:42.120> money<00:02:42.560> app<00:02:43.400> for<00:02:44.280> people 00:02:44.790 --> 00:02:44.800 align:start position:0% borderless digital money app for people 00:02:44.800 --> 00:02:48.070 align:start position:0% borderless digital money app for people in<00:02:45.120> the<00:02:45.319> global<00:02:45.640> majority<00:02:46.239> markets<00:02:47.239> with<00:02:47.519> a 00:02:48.070 --> 00:02:48.080 align:start position:0% in the global majority markets with a 00:02:48.080 --> 00:02:51.390 align:start position:0% in the global majority markets with a universal<00:02:49.080> um<00:02:49.280> on<00:02:49.440> and<00:02:49.640> offramp<00:02:50.560> Gateway<00:02:51.280> that 00:02:51.390 --> 00:02:51.400 align:start position:0% universal um on and offramp Gateway that 00:02:51.400 --> 00:02:53.470 align:start position:0% universal um on and offramp Gateway that allows<00:02:51.800> anyone<00:02:52.319> come<00:02:52.480> on<00:02:52.599> chain<00:02:52.840> with<00:02:53.200> Le<00:02:53.360> to 00:02:53.470 --> 00:02:53.480 align:start position:0% allows anyone come on chain with Le to 00:02:53.480 --> 00:02:57.430 align:start position:0% allows anyone come on chain with Le to last<00:02:53.720> 50<00:02:54.080> cents<00:02:55.000> whilst<00:02:55.319> paying<00:02:55.599> zero<00:02:55.879> fees<00:02:56.879> um 00:02:57.430 --> 00:02:57.440 align:start position:0% last 50 cents whilst paying zero fees um 00:02:57.440 --> 00:03:02.030 align:start position:0% last 50 cents whilst paying zero fees um I<00:02:57.599> live<00:02:58.360> in<00:02:59.360> um<00:02:59.840> Lagos<00:03:00.400> and<00:03:00.599> London<00:03:01.440> um<00:03:01.680> but<00:03:01.800> I 00:03:02.030 --> 00:03:02.040 align:start position:0% I live in um Lagos and London um but I 00:03:02.040 --> 00:03:05.110 align:start position:0% I live in um Lagos and London um but I call<00:03:02.319> myself<00:03:03.200> an<00:03:03.480> African<00:03:04.040> onchain<00:03:04.879> if<00:03:05.000> you're 00:03:05.110 --> 00:03:05.120 align:start position:0% call myself an African onchain if you're 00:03:05.120 --> 00:03:09.350 align:start position:0% call myself an African onchain if you're wondering<00:03:05.480> why<00:03:05.599> I'm<00:03:05.720> wearing<00:03:06.280> a<00:03:07.519> pirate<00:03:08.519> um 00:03:09.350 --> 00:03:09.360 align:start position:0% wondering why I'm wearing a pirate um 00:03:09.360 --> 00:03:13.350 align:start position:0% wondering why I'm wearing a pirate um costume<00:03:09.799> today<00:03:10.560> I'm<00:03:10.920> currently<00:03:11.920> pirate<00:03:12.400> uru 00:03:13.350 --> 00:03:13.360 align:start position:0% costume today I'm currently pirate uru 00:03:13.360 --> 00:03:16.430 align:start position:0% costume today I'm currently pirate uru which<00:03:13.599> means<00:03:14.080> freedom<00:03:14.480> in<00:03:14.959> Swahili<00:03:15.959> and 00:03:16.430 --> 00:03:16.440 align:start position:0% which means freedom in Swahili and 00:03:16.440 --> 00:03:18.789 align:start position:0% which means freedom in Swahili and essentially<00:03:17.440> um<00:03:17.760> I'm<00:03:17.920> spreading<00:03:18.360> the<00:03:18.440> freedom 00:03:18.789 --> 00:03:18.799 align:start position:0% essentially um I'm spreading the freedom 00:03:18.799 --> 00:03:21.550 align:start position:0% essentially um I'm spreading the freedom of<00:03:18.959> money<00:03:19.560> so<00:03:19.840> thanks<00:03:20.040> for<00:03:20.200> having<00:03:20.440> me<00:03:21.319> thank 00:03:21.550 --> 00:03:21.560 align:start position:0% of money so thanks for having me thank 00:03:21.560 --> 00:03:24.910 align:start position:0% of money so thanks for having me thank you<00:03:22.400> so<00:03:23.080> uh<00:03:23.440> David<00:03:24.000> I<00:03:24.159> I<00:03:24.200> want<00:03:24.319> to<00:03:24.480> start<00:03:24.720> off 00:03:24.910 --> 00:03:24.920 align:start position:0% you so uh David I I want to start off 00:03:24.920 --> 00:03:28.390 align:start position:0% you so uh David I I want to start off with<00:03:25.120> you<00:03:25.799> and<00:03:26.440> we<00:03:26.599> just<00:03:26.760> love<00:03:26.920> to<00:03:27.400> understand 00:03:28.390 --> 00:03:28.400 align:start position:0% with you and we just love to understand 00:03:28.400 --> 00:03:30.630 align:start position:0% with you and we just love to understand what<00:03:28.640> is<00:03:29.159> the<00:03:29.400> problem 00:03:30.630 --> 00:03:30.640 align:start position:0% what is the problem 00:03:30.640 --> 00:03:33.149 align:start position:0% what is the problem that<00:03:31.000> you<00:03:31.239> guys<00:03:31.360> are<00:03:31.640> really<00:03:31.920> focused<00:03:32.360> on<00:03:33.040> when 00:03:33.149 --> 00:03:33.159 align:start position:0% that you guys are really focused on when 00:03:33.159 --> 00:03:36.350 align:start position:0% that you guys are really focused on when it<00:03:33.360> comes<00:03:33.640> to<00:03:33.879> payments<00:03:34.480> and<00:03:35.080> what<00:03:35.239> is<00:03:35.400> the<00:03:35.640> gap 00:03:36.350 --> 00:03:36.360 align:start position:0% it comes to payments and what is the gap 00:03:36.360 --> 00:03:38.750 align:start position:0% it comes to payments and what is the gap that<00:03:36.799> a<00:03:37.080> project<00:03:37.439> like<00:03:37.599> yours<00:03:37.920> is<00:03:38.080> feeling<00:03:38.599> and 00:03:38.750 --> 00:03:38.760 align:start position:0% that a project like yours is feeling and 00:03:38.760 --> 00:03:40.710 align:start position:0% that a project like yours is feeling and and<00:03:38.920> what's<00:03:39.120> the<00:03:39.360> scale<00:03:39.720> of<00:03:39.920> opportunity<00:03:40.519> that 00:03:40.710 --> 00:03:40.720 align:start position:0% and what's the scale of opportunity that 00:03:40.720 --> 00:03:42.750 align:start position:0% and what's the scale of opportunity that exists<00:03:41.120> there<00:03:42.080> yeah<00:03:42.200> I<00:03:42.280> know<00:03:42.400> that's<00:03:42.480> a<00:03:42.599> really 00:03:42.750 --> 00:03:42.760 align:start position:0% exists there yeah I know that's a really 00:03:42.760 --> 00:03:44.030 align:start position:0% exists there yeah I know that's a really good<00:03:42.959> question<00:03:43.360> I<00:03:43.439> think<00:03:43.560> it<00:03:43.680> really<00:03:43.879> like 00:03:44.030 --> 00:03:44.040 align:start position:0% good question I think it really like 00:03:44.040 --> 00:03:45.750 align:start position:0% good question I think it really like sets<00:03:44.280> the<00:03:44.439> context<00:03:44.840> for<00:03:45.360> you<00:03:45.439> know<00:03:45.560> this 00:03:45.750 --> 00:03:45.760 align:start position:0% sets the context for you know this 00:03:45.760 --> 00:03:47.830 align:start position:0% sets the context for you know this conversation<00:03:46.159> in<00:03:46.319> general<00:03:47.239> like<00:03:47.400> I<00:03:47.480> would<00:03:47.640> say 00:03:47.830 --> 00:03:47.840 align:start position:0% conversation in general like I would say 00:03:47.840 --> 00:03:51.949 align:start position:0% conversation in general like I would say for<00:03:48.080> us<00:03:48.560> the<00:03:48.760> main<00:03:49.080> problem<00:03:49.360> we're<00:03:49.680> solving<00:03:50.959> is 00:03:51.949 --> 00:03:51.959 align:start position:0% for us the main problem we're solving is 00:03:51.959 --> 00:03:53.309 align:start position:0% for us the main problem we're solving is when<00:03:52.079> you<00:03:52.200> look<00:03:52.319> at<00:03:52.439> a<00:03:52.599> continent<00:03:53.079> any 00:03:53.309 --> 00:03:53.319 align:start position:0% when you look at a continent any 00:03:53.319 --> 00:03:54.910 align:start position:0% when you look at a continent any continent<00:03:53.799> you<00:03:53.920> take<00:03:54.120> any<00:03:54.560> particular 00:03:54.910 --> 00:03:54.920 align:start position:0% continent you take any particular 00:03:54.920 --> 00:03:57.509 align:start position:0% continent you take any particular continent<00:03:55.439> Africa<00:03:55.799> has<00:03:55.959> over<00:03:56.239> like<00:03:56.439> 45<00:03:57.040> plus 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they<00:04:13.040> benefit<00:04:13.439> from<00:04:13.599> the<00:04:13.760> fact<00:04:14.000> that<00:04:14.519> someone 00:04:14.830 --> 00:04:14.840 align:start position:0% they benefit from the fact that someone 00:04:14.840 --> 00:04:16.789 align:start position:0% they benefit from the fact that someone in<00:04:15.079> Kenya<00:04:15.799> cannot<00:04:16.079> do<00:04:16.199> business<00:04:16.479> with<00:04:16.600> someone 00:04:16.789 --> 00:04:16.799 align:start position:0% in Kenya cannot do business with someone 00:04:16.799 --> 00:04:18.390 align:start position:0% in Kenya cannot do business with someone in<00:04:16.919> Nigeria<00:04:17.680> unless<00:04:17.959> they're<00:04:18.120> doing<00:04:18.280> it 00:04:18.390 --> 00:04:18.400 align:start position:0% in Nigeria unless they're doing it 00:04:18.400 --> 00:04:19.550 align:start position:0% in Nigeria unless they're doing it through<00:04:18.680> them<00:04:18.919> and<00:04:19.040> they're<00:04:19.199> going<00:04:19.280> to<00:04:19.440> make 00:04:19.550 --> 00:04:19.560 align:start position:0% through them and they're going to make 00:04:19.560 --> 00:04:21.830 align:start position:0% through them and they're going to make sure<00:04:19.759> that<00:04:20.000> they<00:04:20.160> they'll<00:04:20.799> milk<00:04:21.320> as<00:04:21.519> much 00:04:21.830 --> 00:04:21.840 align:start position:0% sure that they they'll milk as much 00:04:21.840 --> 00:04:23.350 align:start position:0% sure that they they'll milk as much value<00:04:22.160> from<00:04:22.360> them<00:04:22.600> when<00:04:22.759> that<00:04:22.919> money<00:04:23.199> is 00:04:23.350 --> 00:04:23.360 align:start position:0% value from them when that money is 00:04:23.360 --> 00:04:25.189 align:start position:0% value from them when that money is moving<00:04:23.800> almost<00:04:24.040> as<00:04:24.160> if<00:04:24.280> you're<00:04:24.520> traveling 00:04:25.189 --> 00:04:25.199 align:start position:0% moving almost as if you're traveling 00:04:25.199 --> 00:04:26.830 align:start position:0% moving almost as if you're traveling physically<00:04:25.800> you<00:04:25.960> know<00:04:26.080> to<00:04:26.280> that<00:04:26.479> particular 00:04:26.830 --> 00:04:26.840 align:start position:0% physically you know to that particular 00:04:26.840 --> 00:04:29.189 align:start position:0% physically you know to that particular market<00:04:27.560> and<00:04:27.759> by<00:04:28.280> solving<00:04:28.720> and<00:04:28.880> addressing 00:04:29.189 --> 00:04:29.199 align:start position:0% market and by solving and addressing 00:04:29.199 --> 00:04:31.469 align:start position:0% market and by solving and addressing that<00:04:29.320> fragment<00:04:29.720> comption<00:04:30.160> problem<00:04:31.039> we 00:04:31.469 --> 00:04:31.479 align:start position:0% that fragment comption problem we 00:04:31.479 --> 00:04:33.510 align:start position:0% that fragment comption problem we strongly<00:04:31.840> believe<00:04:32.320> that<00:04:32.720> as<00:04:32.840> we<00:04:33.000> build<00:04:33.320> that 00:04:33.510 --> 00:04:33.520 align:start position:0% strongly believe that as we build that 00:04:33.520 --> 00:04:35.469 align:start position:0% strongly believe that as we build that plumbing<00:04:34.199> which<00:04:34.320> is<00:04:34.520> like<00:04:34.759> this<00:04:35.000> pipeline 00:04:35.469 --> 00:04:35.479 align:start position:0% plumbing which is like this pipeline 00:04:35.479 --> 00:04:37.749 align:start position:0% plumbing which is like this pipeline it's<00:04:35.639> almost<00:04:35.919> like<00:04:36.080> a<00:04:36.600> hyper<00:04:36.960> tunnel<00:04:37.320> between 00:04:37.749 --> 00:04:37.759 align:start position:0% it's almost like a hyper tunnel between 00:04:37.759 --> 00:04:39.230 align:start position:0% it's almost like a hyper tunnel between different<00:04:38.039> markets<00:04:38.560> between<00:04:38.880> different 00:04:39.230 --> 00:04:39.240 align:start position:0% different markets between different 00:04:39.240 --> 00:04:41.230 align:start position:0% different markets between different corridors<00:04:40.240> we<00:04:40.440> then<00:04:40.639> now<00:04:40.919> actually 00:04:41.230 --> 00:04:41.240 align:start position:0% corridors we then now actually 00:04:41.240 --> 00:04:43.110 align:start position:0% corridors we then now actually incentivize<00:04:41.919> people<00:04:42.160> to<00:04:42.400> connect<00:04:42.880> do 00:04:43.110 --> 00:04:43.120 align:start position:0% incentivize people to connect do 00:04:43.120 --> 00:04:44.790 align:start position:0% incentivize people to connect do business<00:04:43.440> with<00:04:43.600> each<00:04:43.759> other<00:04:44.360> actually<00:04:44.600> have 00:04:44.790 --> 00:04:44.800 align:start position:0% business with each other actually have 00:04:44.800 --> 00:04:46.430 align:start position:0% business with each other actually have conversations<00:04:45.320> on<00:04:45.520> collaboration<00:04:46.160> and 00:04:46.430 --> 00:04:46.440 align:start position:0% conversations on collaboration and 00:04:46.440 --> 00:04:49.710 align:start position:0% conversations on collaboration and partnership<00:04:47.080> so<00:04:47.560> I<00:04:47.759> see<00:04:47.960> our<00:04:48.199> work<00:04:48.919> as 00:04:49.710 --> 00:04:49.720 align:start position:0% partnership so I see our work as 00:04:49.720 --> 00:04:52.070 align:start position:0% partnership so I see our work as important<00:04:50.240> as<00:04:50.759> you<00:04:50.880> know<00:04:51.039> in<00:04:51.160> the<00:04:51.360> US<00:04:51.800> during 00:04:52.070 --> 00:04:52.080 align:start position:0% important as you know in the US during 00:04:52.080 --> 00:04:53.670 align:start position:0% important as you know in the US during the<00:04:52.199> Industrial<00:04:52.680> Revolution<00:04:53.280> when<00:04:53.400> they<00:04:53.520> were 00:04:53.670 --> 00:04:53.680 align:start position:0% the Industrial Revolution when they were 00:04:53.680 --> 00:04:55.510 align:start position:0% the Industrial Revolution when they were putting<00:04:53.880> in<00:04:54.039> the<00:04:54.160> railroads<00:04:54.960> to<00:04:55.160> connect 00:04:55.510 --> 00:04:55.520 align:start position:0% putting in the railroads to connect 00:04:55.520 --> 00:04:58.310 align:start position:0% putting in the railroads to connect different<00:04:56.000> cities<00:04:57.000> uh<00:04:57.160> across<00:04:57.639> States<00:04:58.039> and<00:04:58.160> so 00:04:58.310 --> 00:04:58.320 align:start position:0% different cities uh across States and so 00:04:58.320 --> 00:05:00.830 align:start position:0% different cities uh across States and so on<00:04:58.479> and<00:04:58.639> so<00:04:58.840> forth<00:04:59.199> and<00:04:59.919> um<00:05:00.320> I<00:05:00.400> think<00:05:00.560> if<00:05:00.680> we 00:05:00.830 --> 00:05:00.840 align:start position:0% on and so forth and um I think if we 00:05:00.840 --> 00:05:03.070 align:start position:0% on and so forth and um I think if we succeed<00:05:01.360> if<00:05:01.520> we<00:05:01.680> win<00:05:02.160> and<00:05:02.520> and<00:05:02.680> why<00:05:02.880> this 00:05:03.070 --> 00:05:03.080 align:start position:0% succeed if we win and and why this 00:05:03.080 --> 00:05:06.029 align:start position:0% succeed if we win and and why this problem<00:05:03.320> is<00:05:03.440> so<00:05:03.639> crucial<00:05:04.000> to<00:05:04.160> solve<00:05:05.160> is<00:05:05.759> as<00:05:05.880> I 00:05:06.029 --> 00:05:06.039 align:start position:0% problem is so crucial to solve is as I 00:05:06.039 --> 00:05:08.629 align:start position:0% problem is so crucial to solve is as I mentioned<00:05:06.720> in<00:05:06.840> the<00:05:07.080> beginning<00:05:08.080> there's<00:05:08.440> very 00:05:08.629 --> 00:05:08.639 align:start position:0% mentioned in the beginning there's very 00:05:08.639 --> 00:05:10.150 align:start position:0% mentioned in the beginning there's very few<00:05:08.840> players<00:05:09.160> who<00:05:09.280> are<00:05:09.400> incentivized<00:05:10.039> to 00:05:10.150 --> 00:05:10.160 align:start position:0% few players who are incentivized to 00:05:10.160 --> 00:05:12.310 align:start position:0% few players who are incentivized to solve<00:05:10.479> it<00:05:10.880> because<00:05:11.120> their<00:05:11.320> incentives<00:05:11.880> lie<00:05:12.160> in 00:05:12.310 --> 00:05:12.320 align:start position:0% solve it because their incentives lie in 00:05:12.320 --> 00:05:14.790 align:start position:0% solve it because their incentives lie in the<00:05:12.520> issue<00:05:13.199> we<00:05:13.360> see<00:05:13.639> the<00:05:13.840> incentives<00:05:14.360> as<00:05:14.520> being 00:05:14.790 --> 00:05:14.800 align:start position:0% the issue we see the incentives as being 00:05:14.800 --> 00:05:16.749 align:start position:0% the issue we see the incentives as being much<00:05:15.039> larger<00:05:15.479> than<00:05:15.720> the<00:05:15.880> issue<00:05:16.400> because<00:05:16.639> when 00:05:16.749 --> 00:05:16.759 align:start position:0% much larger than the issue because when 00:05:16.759 --> 00:05:18.590 align:start position:0% much larger than the issue because when you<00:05:16.919> actually<00:05:17.199> create<00:05:17.520> the<00:05:17.680> initial<00:05:18.039> Plumbing 00:05:18.590 --> 00:05:18.600 align:start position:0% you actually create the initial Plumbing 00:05:18.600 --> 00:05:21.029 align:start position:0% you actually create the initial Plumbing what<00:05:18.680> you<00:05:18.840> do<00:05:19.160> is<00:05:19.319> you<00:05:19.800> open<00:05:20.120> up<00:05:20.280> a<00:05:20.479> world<00:05:20.800> of 00:05:21.029 --> 00:05:21.039 align:start position:0% what you do is you open up a world of 00:05:21.039 --> 00:05:23.830 align:start position:0% what you do is you open up a world of different<00:05:21.319> use<00:05:21.680> cases<00:05:22.600> um<00:05:23.120> and<00:05:23.400> and<00:05:23.560> and<00:05:23.680> in 00:05:23.830 --> 00:05:23.840 align:start position:0% different use cases um and and and in 00:05:23.840 --> 00:05:25.070 align:start position:0% different use cases um and and and in different<00:05:24.080> ways<00:05:24.280> that<00:05:24.479> people<00:05:24.680> will<00:05:24.880> now 00:05:25.070 --> 00:05:25.080 align:start position:0% different ways that people will now 00:05:25.080 --> 00:05:27.029 align:start position:0% different ways that people will now start<00:05:25.319> to<00:05:25.560> like<00:05:25.800> actually<00:05:26.120> think<00:05:26.360> of<00:05:26.720> you<00:05:26.840> know 00:05:27.029 --> 00:05:27.039 align:start position:0% start to like actually think of you know 00:05:27.039 --> 00:05:28.870 align:start position:0% start to like actually think of you know how<00:05:27.160> do<00:05:27.319> I<00:05:27.560> benefit<00:05:27.960> and<00:05:28.160> profit<00:05:28.479> from<00:05:28.680> this 00:05:28.870 --> 00:05:28.880 align:start position:0% how do I benefit and profit from this 00:05:28.880 --> 00:05:30.749 align:start position:0% how do I benefit and profit from this outside<00:05:29.199> of<00:05:29.360> just<00:05:29.520> like<00:05:29.759> like<00:05:30.080> I'll<00:05:30.319> profit<00:05:30.600> of 00:05:30.749 --> 00:05:30.759 align:start position:0% outside of just like like I'll profit of 00:05:30.759 --> 00:05:33.390 align:start position:0% outside of just like like I'll profit of you<00:05:30.960> having<00:05:31.160> a<00:05:31.319> very<00:05:31.560> painful<00:05:32.080> problem<00:05:33.039> I<00:05:33.160> like 00:05:33.390 --> 00:05:33.400 align:start position:0% you having a very painful problem I like 00:05:33.400 --> 00:05:35.990 align:start position:0% you having a very painful problem I like the<00:05:33.560> analogy<00:05:34.080> of<00:05:34.319> plumbing<00:05:35.000> and<00:05:35.199> railroads 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align:start position:0% can you like give us even more concrete examples<00:05:43.639> of<00:05:44.639> why<00:05:44.800> is<00:05:45.000> that<00:05:45.160> broken<00:05:45.680> right<00:05:45.880> now 00:05:46.230 --> 00:05:46.240 align:start position:0% examples of why is that broken right now 00:05:46.240 --> 00:05:49.390 align:start position:0% examples of why is that broken right now like<00:05:46.919> with<00:05:47.160> the<00:05:47.960> lack<00:05:48.400> of<00:05:48.720> those 00:05:49.390 --> 00:05:49.400 align:start position:0% like with the lack of those 00:05:49.400 --> 00:05:51.550 align:start position:0% like with the lack of those infrastructures<00:05:50.400> how<00:05:50.600> is<00:05:50.800> value<00:05:51.199> moving 00:05:51.550 --> 00:05:51.560 align:start position:0% infrastructures how is value moving 00:05:51.560 --> 00:05:53.710 align:start position:0% infrastructures how is value moving around<00:05:52.280> and<00:05:52.520> and<00:05:52.680> what<00:05:52.800> are<00:05:52.960> the<00:05:53.080> pain<00:05:53.360> points 00:05:53.710 --> 00:05:53.720 align:start position:0% around and and what are the pain points 00:05:53.720 --> 00:05:55.110 align:start position:0% around and and what are the pain points in<00:05:53.840> like<00:05:53.960> in<00:05:54.120> real 00:05:55.110 --> 00:05:55.120 align:start position:0% in like in real 00:05:55.120 --> 00:05:57.909 align:start position:0% in like in real terms<00:05:56.120> yeah<00:05:56.960> yeah<00:05:57.199> yeah<00:05:57.360> no<00:05:57.520> that's<00:05:57.639> a<00:05:57.759> good 00:05:57.909 --> 00:05:57.919 align:start position:0% terms yeah yeah yeah no that's a good 00:05:57.919 --> 00:05:59.670 align:start position:0% terms yeah yeah yeah no that's a good question<00:05:58.160> as<00:05:58.280> well<00:05:58.600> a<00:05:58.720> good<00:05:58.840> followup<00:05:59.240> I<00:05:59.319> mean 00:05:59.670 --> 00:05:59.680 align:start position:0% question as well a good followup I mean 00:05:59.680 --> 00:06:02.510 align:start position:0% question as well a good followup I mean like<00:06:00.280> I<00:06:00.400> think<00:06:01.400> to<00:06:01.639> give<00:06:01.800> you<00:06:02.000> guys<00:06:02.160> some 00:06:02.510 --> 00:06:02.520 align:start position:0% like I think to give you guys some 00:06:02.520 --> 00:06:05.469 align:start position:0% like I think to give you guys some context<00:06:03.520> right<00:06:03.720> now<00:06:04.000> most<00:06:04.360> banks<00:06:04.880> don't<00:06:05.160> even 00:06:05.469 --> 00:06:05.479 align:start position:0% context right now most banks don't even 00:06:05.479 --> 00:06:06.950 align:start position:0% context right now most banks don't even own<00:06:05.759> own<00:06:06.000> the<00:06:06.199> software<00:06:06.639> that<00:06:06.759> they're 00:06:06.950 --> 00:06:06.960 align:start position:0% own own the software that they're 00:06:06.960 --> 00:06:09.550 align:start position:0% own own the software that they're running<00:06:07.319> their<00:06:08.039> banking<00:06:08.440> infrastructure<00:06:09.039> on 00:06:09.550 --> 00:06:09.560 align:start position:0% running their banking infrastructure on 00:06:09.560 --> 00:06:12.110 align:start position:0% running their banking infrastructure on and<00:06:09.720> I<00:06:10.280> I'll<00:06:10.479> I'll<00:06:10.840> frequently<00:06:11.319> use<00:06:11.520> the<00:06:11.759> bank 00:06:12.110 --> 00:06:12.120 align:start position:0% and I I'll I'll frequently use the bank 00:06:12.120 --> 00:06:13.749 align:start position:0% and I I'll I'll frequently use the bank use<00:06:12.479> case<00:06:12.759> because<00:06:13.000> even<00:06:13.199> if<00:06:13.319> you<00:06:13.440> were<00:06:13.599> trying 00:06:13.749 --> 00:06:13.759 align:start position:0% use case because even if you were trying 00:06:13.759 --> 00:06:15.589 align:start position:0% use case because even if you were trying to<00:06:13.880> build<00:06:14.080> a<00:06:14.240> web<00:06:14.479> to<00:06:14.720> fintech<00:06:15.160> and<00:06:15.319> your 00:06:15.589 --> 00:06:15.599 align:start position:0% to build a web to fintech and your 00:06:15.599 --> 00:06:18.670 align:start position:0% to build a web to fintech and your partner<00:06:15.919> was<00:06:16.080> like<00:06:16.240> a<00:06:16.400> core<00:06:17.280> Bank<00:06:17.560> in<00:06:17.919> X<00:06:18.280> market 00:06:18.670 --> 00:06:18.680 align:start position:0% partner was like a core Bank in X market 00:06:18.680 --> 00:06:19.950 align:start position:0% partner was like a core Bank in X market and<00:06:18.840> they<00:06:19.000> had<00:06:19.199> access<00:06:19.440> to<00:06:19.560> all<00:06:19.680> of<00:06:19.800> these 00:06:19.950 --> 00:06:19.960 align:start position:0% and they had access to all of these 00:06:19.960 --> 00:06:21.950 align:start position:0% and they had access to all of these different<00:06:20.199> regions<00:06:21.000> you're<00:06:21.240> basically<00:06:21.759> just 00:06:21.950 --> 00:06:21.960 align:start position:0% different regions you're basically just 00:06:21.960 --> 00:06:23.589 align:start position:0% different regions you're basically just connecting<00:06:22.400> to<00:06:22.560> a<00:06:22.759> pipe<00:06:23.039> that's<00:06:23.199> already 00:06:23.589 --> 00:06:23.599 align:start position:0% connecting to a pipe that's already 00:06:23.599 --> 00:06:25.710 align:start position:0% connecting to a pipe that's already leaking<00:06:24.440> and<00:06:24.599> trying<00:06:24.880> to<00:06:25.039> see<00:06:25.319> how<00:06:25.440> you<00:06:25.560> can 00:06:25.710 --> 00:06:25.720 align:start position:0% leaking and trying to see how you can 00:06:25.720 --> 00:06:28.990 align:start position:0% leaking and trying to see how you can layer<00:06:26.000> on<00:06:26.240> an<00:06:26.639> additional<00:06:27.199> solution<00:06:27.960> like<00:06:28.160> so 00:06:28.990 --> 00:06:29.000 align:start position:0% layer on an additional solution like so 00:06:29.000 --> 00:06:31.710 align:start position:0% layer on an additional solution like so uh<00:06:29.199> that<00:06:29.639> context<00:06:30.160> the<00:06:30.360> the<00:06:30.479> context<00:06:30.960> of<00:06:31.560> why 00:06:31.710 --> 00:06:31.720 align:start position:0% uh that context the the context of why 00:06:31.720 --> 00:06:33.589 align:start position:0% uh that context the the context of why we're<00:06:31.919> in<00:06:32.080> treasury<00:06:32.639> why<00:06:32.759> we're<00:06:32.960> in<00:06:33.120> payments 00:06:33.589 --> 00:06:33.599 align:start position:0% we're in treasury why we're in payments 00:06:33.599 --> 00:06:36.430 align:start position:0% we're in treasury why we're in payments why<00:06:33.720> we're<00:06:33.880> building<00:06:34.160> a<00:06:34.280> super<00:06:34.599> app<00:06:35.280> is<00:06:36.039> we 00:06:36.430 --> 00:06:36.440 align:start position:0% why we're building a super app is we 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us the<00:06:46.800> ability<00:06:47.599> to<00:06:47.880> give<00:06:48.160> the<00:06:48.360> banks<00:06:49.039> to<00:06:49.240> give 00:06:49.430 --> 00:06:49.440 align:start position:0% the ability to give the banks to give 00:06:49.440 --> 00:06:51.270 align:start position:0% the ability to give the banks to give the<00:06:49.599> licensed<00:06:50.080> payment<00:06:50.400> service<00:06:50.759> providers 00:06:51.270 --> 00:06:51.280 align:start position:0% the licensed payment service providers 00:06:51.280 --> 00:06:52.629 align:start position:0% the licensed payment service providers to<00:06:51.440> give<00:06:51.599> the<00:06:51.720> licensed<00:06:52.160> financial 00:06:52.629 --> 00:06:52.639 align:start position:0% to give the licensed financial 00:06:52.639 --> 00:06:54.790 align:start position:0% to give the licensed financial institutions<00:06:53.639> this<00:06:53.840> infrastructure<00:06:54.639> which 00:06:54.790 --> 00:06:54.800 align:start position:0% institutions this infrastructure which 00:06:54.800 --> 00:06:57.629 align:start position:0% institutions this infrastructure which is<00:06:55.479> highly<00:06:55.840> scalable<00:06:56.720> we<00:06:56.840> can<00:06:57.000> allow<00:06:57.240> money<00:06:57.479> to 00:06:57.629 --> 00:06:57.639 align:start position:0% is highly scalable we can allow money to 00:06:57.639 --> 00:06:59.070 align:start position:0% is highly scalable we can allow money to move<00:06:57.840> at<00:06:57.960> the<00:06:58.080> speed<00:06:58.319> of<00:06:58.440> the<00:06:58.560> internet<00:06:58.960> which 00:06:59.070 --> 00:06:59.080 align:start position:0% move at the speed of the internet which 00:06:59.080 --> 00:07:02.110 align:start position:0% move at the speed of the internet which is<00:06:59.240> ex<00:06:59.560> extremely<00:06:59.960> crucial<00:07:00.639> but<00:07:00.800> then<00:07:01.080> also<00:07:01.919> we 00:07:02.110 --> 00:07:02.120 align:start position:0% is ex extremely crucial but then also we 00:07:02.120 --> 00:07:06.710 align:start position:0% is ex extremely crucial but then also we can<00:07:03.080> in<00:07:04.080> it's<00:07:04.199> almost<00:07:04.479> like<00:07:05.199> in<00:07:05.720> parallel 00:07:06.710 --> 00:07:06.720 align:start position:0% can in it's almost like in parallel 00:07:06.720 --> 00:07:08.790 align:start position:0% can in it's almost like in parallel we're<00:07:06.960> not<00:07:07.199> competing<00:07:07.759> with<00:07:07.960> you<00:07:08.400> but<00:07:08.599> down 00:07:08.790 --> 00:07:08.800 align:start position:0% we're not competing with you but down 00:07:08.800 --> 00:07:11.230 align:start position:0% we're not competing with you but down the<00:07:08.960> road<00:07:09.599> the<00:07:09.800> the<00:07:09.879> end<00:07:10.120> goal<00:07:10.319> is<00:07:10.440> for<00:07:10.639> you<00:07:11.039> to 00:07:11.230 --> 00:07:11.240 align:start position:0% the road the the end goal is for you to 00:07:11.240 --> 00:07:12.510 align:start position:0% the road the the end goal is for you to stop<00:07:11.440> being<00:07:11.599> our<00:07:11.759> competitor<00:07:12.199> it's<00:07:12.319> for<00:07:12.440> you 00:07:12.510 --> 00:07:12.520 align:start position:0% stop being our competitor it's for you 00:07:12.520 --> 00:07:15.629 align:start position:0% stop being our competitor it's for you to<00:07:12.639> be<00:07:12.720> our<00:07:12.919> customer<00:07:13.639> right<00:07:13.919> and<00:07:14.680> um<00:07:15.199> most<00:07:15.440> of 00:07:15.629 --> 00:07:15.639 align:start position:0% to be our customer right and um most of 00:07:15.639 --> 00:07:17.749 align:start position:0% to be our customer right and um most of the<00:07:15.759> people<00:07:16.039> that<00:07:16.199> we<00:07:16.360> work<00:07:16.639> with<00:07:17.000> are<00:07:17.639> I 00:07:17.749 --> 00:07:17.759 align:start position:0% the people that we work with are I 00:07:17.759 --> 00:07:19.749 align:start position:0% the people that we work with are I mentioned<00:07:18.160> the<00:07:18.280> banks<00:07:18.599> the<00:07:18.720> licensed<00:07:19.160> fi<00:07:19.639> the 00:07:19.749 --> 00:07:19.759 align:start position:0% mentioned the banks the licensed fi the 00:07:19.759 --> 00:07:21.309 align:start position:0% mentioned the banks the licensed fi the licensed<00:07:20.080> payment<00:07:20.360> service<00:07:20.599> providers 00:07:21.309 --> 00:07:21.319 align:start position:0% licensed payment service providers 00:07:21.319 --> 00:07:23.749 align:start position:0% licensed payment service providers they're<00:07:21.639> those<00:07:21.919> people<00:07:22.400> because<00:07:22.759> like<00:07:23.319> we 00:07:23.749 --> 00:07:23.759 align:start position:0% they're those people because like we 00:07:23.759 --> 00:07:25.990 align:start position:0% they're those people because like we believe<00:07:24.520> that<00:07:24.720> initial<00:07:25.160> Beach<00:07:25.520> head<00:07:25.800> will 00:07:25.990 --> 00:07:26.000 align:start position:0% believe that initial Beach head will 00:07:26.000 --> 00:07:27.749 align:start position:0% believe that initial Beach head will create<00:07:26.400> opportunities<00:07:26.960> for<00:07:27.160> us<00:07:27.319> to<00:07:27.520> like 00:07:27.749 --> 00:07:27.759 align:start position:0% create opportunities for us to like 00:07:27.759 --> 00:07:30.270 align:start position:0% create opportunities for us to like permeate<00:07:28.280> this<00:07:28.479> technology<00:07:29.120> permeate<00:07:29.919> the 00:07:30.270 --> 00:07:30.280 align:start position:0% permeate this technology permeate the 00:07:30.280 --> 00:07:33.390 align:start position:0% permeate this technology permeate the stable<00:07:30.680> coin<00:07:30.919> payment<00:07:31.280> use<00:07:31.599> cases<00:07:32.280> the<00:07:32.840> um 00:07:33.390 --> 00:07:33.400 align:start position:0% stable coin payment use cases the um 00:07:33.400 --> 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it<00:07:39.639> starts<00:07:40.120> though<00:07:40.599> with<00:07:40.759> the<00:07:40.919> folks<00:07:41.160> who 00:07:41.309 --> 00:07:41.319 align:start position:0% and it starts though with the folks who 00:07:41.319 --> 00:07:43.629 align:start position:0% and it starts though with the folks who have<00:07:41.479> already<00:07:42.120> you<00:07:42.240> know<00:07:42.639> deeply<00:07:43.039> embedded 00:07:43.629 --> 00:07:43.639 align:start position:0% have already you know deeply embedded 00:07:43.639 --> 00:07:45.189 align:start position:0% have already you know deeply embedded themselves<00:07:43.960> with<00:07:44.159> what's<00:07:44.400> broken<00:07:44.840> within<00:07:45.080> the 00:07:45.189 --> 00:07:45.199 align:start position:0% themselves with what's broken within the 00:07:45.199 --> 00:07:46.749 align:start position:0% themselves with what's broken within the financial<00:07:45.759> system<00:07:46.159> especially<00:07:46.520> on<00:07:46.599> the 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and 00:07:54.440 --> 00:07:57.589 align:start position:0% it's you know just bad you know code and like<00:07:55.199> um<00:07:55.879> Legacy<00:07:56.400> web<00:07:56.639> to<00:07:56.879> technology<00:07:57.319> on<00:07:57.479> the 00:07:57.589 --> 00:07:57.599 align:start position:0% like um Legacy web to technology on the 00:07:57.599 --> 00:07:59.749 align:start position:0% like um Legacy web to technology on the third<00:07:57.879> tier<00:07:58.360> and<00:07:58.560> and<00:07:58.759> all<00:07:58.879> of<00:07:59.039> those<00:07:59.199> things 00:07:59.749 --> 00:07:59.759 align:start position:0% third tier and and all of those things 00:07:59.759 --> 00:08:02.189 align:start position:0% third tier and and all of those things is<00:08:00.000> kind<00:08:00.120> of<00:08:00.319> like<00:08:01.000> how<00:08:01.240> I<00:08:01.400> think<00:08:01.720> we<00:08:01.879> now<00:08:02.080> get 00:08:02.189 --> 00:08:02.199 align:start position:0% is kind of like how I think we now get 00:08:02.199 --> 00:08:03.990 align:start position:0% is kind of like how I think we now get to<00:08:02.360> scale<00:08:02.800> but<00:08:02.919> we<00:08:03.039> have<00:08:03.199> to<00:08:03.360> first<00:08:03.599> start 00:08:03.990 --> 00:08:04.000 align:start position:0% to scale but we have to first start 00:08:04.000 --> 00:08:05.869 align:start position:0% to scale but we have to first start there<00:08:04.440> and<00:08:04.720> that's<00:08:04.960> kind<00:08:05.080> of<00:08:05.280> like<00:08:05.639> I<00:08:05.720> would 00:08:05.869 --> 00:08:05.879 align:start position:0% there and that's kind of like I would 00:08:05.879 --> 00:08:07.749 align:start position:0% there and that's kind of like I would say<00:08:06.039> the<00:08:06.199> impact<00:08:06.599> to<00:08:06.840> which<00:08:07.159> we're<00:08:07.479> working 00:08:07.749 --> 00:08:07.759 align:start position:0% say the impact to which we're working 00:08:07.759 --> 00:08:09.950 align:start position:0% say the impact to which we're working with<00:08:07.919> these<00:08:08.560> different<00:08:08.800> license<00:08:09.199> FIS<00:08:09.720> Banks 00:08:09.950 --> 00:08:09.960 align:start position:0% with these different license FIS Banks 00:08:09.960 --> 00:08:12.550 align:start position:0% with these different license FIS Banks and<00:08:10.159> PSPs<00:08:11.080> and<00:08:11.319> Y<00:08:11.560> you've<00:08:11.720> been<00:08:11.840> in<00:08:11.960> the<00:08:12.199> space 00:08:12.550 --> 00:08:12.560 align:start position:0% and PSPs and Y you've been in the space 00:08:12.560 --> 00:08:15.029 align:start position:0% and PSPs and Y you've been in the space for<00:08:12.919> a<00:08:13.120> long<00:08:13.400> period<00:08:13.680> of<00:08:13.879> time<00:08:14.599> trying<00:08:14.879> to 00:08:15.029 --> 00:08:15.039 align:start position:0% for a long period of time trying to 00:08:15.039 --> 00:08:17.990 align:start position:0% for a long period of time trying to solve<00:08:15.560> fintech<00:08:16.440> before<00:08:17.000> crypto<00:08:17.720> and<00:08:17.840> then 00:08:17.990 --> 00:08:18.000 align:start position:0% solve fintech before crypto and then 00:08:18.000 --> 00:08:20.950 align:start position:0% solve fintech before crypto and then with<00:08:18.199> crypto<00:08:18.680> trying<00:08:18.879> to<00:08:19.000> solve<00:08:19.520> payments<00:08:20.520> and 00:08:20.950 --> 00:08:20.960 align:start position:0% with crypto trying to solve payments and 00:08:20.960 --> 00:08:22.909 align:start position:0% with crypto trying to solve payments and like<00:08:21.199> I<00:08:21.280> would<00:08:21.440> love<00:08:21.639> to<00:08:21.879> hear<00:08:22.479> what<00:08:22.599> are<00:08:22.759> the 00:08:22.909 --> 00:08:22.919 align:start position:0% like I would love to hear what are the 00:08:22.919 --> 00:08:24.270 align:start position:0% like I would love to hear what are the patterns<00:08:23.400> that<00:08:23.520> you've<00:08:23.720> seen<00:08:23.960> on<00:08:24.080> the 00:08:24.270 --> 00:08:24.280 align:start position:0% patterns that you've seen on the 00:08:24.280 --> 00:08:25.629 align:start position:0% patterns that you've seen on the continent<00:08:24.759> so 00:08:25.629 --> 00:08:25.639 align:start position:0% continent so 00:08:25.639 --> 00:08:30.550 align:start position:0% continent so far<00:08:26.639> so<00:08:26.879> I<00:08:27.280> think<00:08:28.440> um<00:08:29.520> y<00:08:29.800> have<00:08:30.000> talked<00:08:30.240> about 00:08:30.550 --> 00:08:30.560 align:start position:0% far so I think um y have talked about 00:08:30.560 --> 00:08:33.829 align:start position:0% far so I think um y have talked about this<00:08:30.759> idea<00:08:31.039> of<00:08:31.319> context<00:08:32.200> and<00:08:32.320> so<00:08:32.760> I<00:08:32.800> want<00:08:32.919> to 00:08:33.829 --> 00:08:33.839 align:start position:0% this idea of context and so I want to 00:08:33.839 --> 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had so<00:08:46.600> you<00:08:46.760> could<00:08:47.720> you<00:08:47.920> had<00:08:48.240> I<00:08:48.320> don't<00:08:48.440> know<00:08:48.920> $1,000 00:08:49.910 --> 00:08:49.920 align:start position:0% so you could you had I don't know $1,000 00:08:49.920 --> 00:08:52.870 align:start position:0% so you could you had I don't know $1,000 in<00:08:50.160> whatever<00:08:50.519> currency<00:08:51.000> and<00:08:51.200> then<00:08:51.440> today<00:08:52.000> the 00:08:52.870 --> 00:08:52.880 align:start position:0% in whatever currency and then today the 00:08:52.880 --> 00:08:58.030 align:start position:0% in whatever currency and then today the value<00:08:53.880> after<00:08:54.160> two<00:08:54.440> years<00:08:55.440> is<00:08:55.680> now<00:08:56.640> $100<00:08:57.640> due<00:08:57.920> to 00:08:58.030 --> 00:08:58.040 align:start position:0% value after two years is now $100 due to 00:08:58.040 --> 00:08:59.990 align:start position:0% value after two years is now $100 due to no<00:08:58.200> fault<00:08:58.519> of<00:08:58.680> your<00:08:58.800> own 00:08:59.990 --> 00:09:00.000 align:start position:0% no fault of your own 00:09:00.000 --> 00:09:03.269 align:start position:0% no fault of your own or<00:09:00.200> for<00:09:00.399> most<00:09:00.720> people<00:09:01.480> they<00:09:01.640> don't<00:09:01.839> even<00:09:02.279> have 00:09:03.269 --> 00:09:03.279 align:start position:0% or for most people they don't even have 00:09:03.279 --> 00:09:06.670 align:start position:0% or for most people they don't even have money<00:09:03.920> yet<00:09:04.920> right<00:09:05.079> so<00:09:05.279> they<00:09:05.440> can't<00:09:05.760> even<00:09:06.399> come 00:09:06.670 --> 00:09:06.680 align:start position:0% money yet right so they can't even come 00:09:06.680 --> 00:09:09.389 align:start position:0% money yet right so they can't even come into<00:09:06.959> the<00:09:07.120> financial<00:09:07.720> system<00:09:08.240> because<00:09:09.240> they 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align:start position:0% people are living on less than 50 cents 00:09:18.600 --> 00:09:23.710 align:start position:0% people are living on less than 50 cents a<00:09:18.959> day<00:09:20.440> 2.5<00:09:21.440> billion<00:09:22.240> people<00:09:23.240> and<00:09:23.399> these<00:09:23.519> are 00:09:23.710 --> 00:09:23.720 align:start position:0% a day 2.5 billion people and these are 00:09:23.720 --> 00:09:25.949 align:start position:0% a day 2.5 billion people and these are people<00:09:23.880> that<00:09:24.079> leave<00:09:24.600> in<00:09:24.920> global<00:09:25.360> majority 00:09:25.949 --> 00:09:25.959 align:start position:0% people that leave in global majority 00:09:25.959 --> 00:09:28.550 align:start position:0% people that leave in global majority markets<00:09:26.800> so<00:09:27.040> we're<00:09:27.240> looking<00:09:27.519> at<00:09:27.760> like<00:09:28.000> Africa 00:09:28.550 --> 00:09:28.560 align:start position:0% markets so we're looking at like Africa 00:09:28.560 --> 00:09:29.910 align:start position:0% markets so we're looking at like Africa laam 00:09:29.910 --> 00:09:29.920 align:start position:0% laam 00:09:29.920 --> 00:09:32.150 align:start position:0% laam um<00:09:30.120> southeast<00:09:30.680> Asia<00:09:31.040> India<00:09:31.959> and 00:09:32.150 --> 00:09:32.160 align:start position:0% um southeast Asia India and 00:09:32.160 --> 00:09:34.910 align:start position:0% um southeast Asia India and unfortunately<00:09:33.120> the<00:09:33.279> world<00:09:33.600> is<00:09:33.800> still 00:09:34.910 --> 00:09:34.920 align:start position:0% unfortunately the world is still 00:09:34.920 --> 00:09:38.269 align:start position:0% unfortunately the world is still broken<00:09:35.920> and<00:09:36.839> you<00:09:37.000> know<00:09:37.360> when<00:09:37.560> I<00:09:37.760> when<00:09:37.880> I<00:09:38.040> first 00:09:38.269 --> 00:09:38.279 align:start position:0% broken and you know when I when I first 00:09:38.279 --> 00:09:40.150 align:start position:0% broken and you know when I when I first got<00:09:38.440> into<00:09:38.680> crypto<00:09:39.079> I<00:09:39.160> got<00:09:39.279> into<00:09:39.519> crypto 00:09:40.150 --> 00:09:40.160 align:start position:0% got into crypto I got into crypto 00:09:40.160 --> 00:09:44.110 align:start position:0% got into crypto I got into crypto because<00:09:41.160> I<00:09:41.920> was<00:09:42.160> fortunate<00:09:42.720> enough<00:09:43.040> to<00:09:43.399> have 00:09:44.110 --> 00:09:44.120 align:start position:0% because I was fortunate enough to have 00:09:44.120 --> 00:09:46.310 align:start position:0% because I was fortunate enough to have been<00:09:44.360> part<00:09:44.519> of<00:09:44.640> an<00:09:44.760> early<00:09:45.079> exit<00:09:45.440> in 00:09:46.310 --> 00:09:46.320 align:start position:0% been part of an early exit in 00:09:46.320 --> 00:09:48.310 align:start position:0% been part of an early exit in 2015<00:09:47.320> or 00:09:48.310 --> 00:09:48.320 align:start position:0% 2015 or 00:09:48.320 --> 00:09:51.150 align:start position:0% 2015 or 2016<00:09:49.320> um<00:09:49.760> and<00:09:50.000> began<00:09:50.279> to<00:09:50.519> support 00:09:51.150 --> 00:09:51.160 align:start position:0% 2016 um and began to support 00:09:51.160 --> 00:09:54.910 align:start position:0% 2016 um and began to support entrepreneurs<00:09:51.800> in<00:09:51.959> the<00:09:52.160> web2<00:09:53.000> space<00:09:54.000> and<00:09:54.760> what 00:09:54.910 --> 00:09:54.920 align:start position:0% entrepreneurs in the web2 space and what 00:09:54.920 --> 00:09:56.990 align:start position:0% entrepreneurs in the web2 space and what I<00:09:55.120> realized<00:09:55.720> was<00:09:55.959> two<00:09:56.200> things<00:09:56.560> it<00:09:56.680> wasn't 00:09:56.990 --> 00:09:57.000 align:start position:0% I realized was two things it wasn't 00:09:57.000 --> 00:09:59.389 align:start position:0% I realized was two things it wasn't because<00:09:57.200> of<00:09:57.600> talent<00:09:58.600> that<00:09:58.800> somebody<00:09:59.120> these 00:09:59.389 --> 00:09:59.399 align:start position:0% because of talent that somebody these 00:09:59.399 --> 00:10:02.550 align:start position:0% because of talent that somebody these ideas<00:09:59.720> we<00:09:59.880> in<00:10:00.480> working<00:10:01.480> it<00:10:01.600> was<00:10:01.880> primarily<00:10:02.360> two 00:10:02.550 --> 00:10:02.560 align:start position:0% ideas we in working it was primarily two 00:10:02.560 --> 00:10:05.910 align:start position:0% ideas we in working it was primarily two things<00:10:02.839> number<00:10:03.200> one<00:10:04.200> was<00:10:04.560> the<00:10:04.920> foundational 00:10:05.910 --> 00:10:05.920 align:start position:0% things number one was the foundational 00:10:05.920 --> 00:10:07.590 align:start position:0% things number one was the foundational infrastructure<00:10:06.760> that<00:10:06.880> we<00:10:06.959> were<00:10:07.160> trying<00:10:07.399> to 00:10:07.590 --> 00:10:07.600 align:start position:0% infrastructure that we were trying to 00:10:07.600 --> 00:10:11.069 align:start position:0% infrastructure that we were trying to build<00:10:08.399> this<00:10:09.399> Financial<00:10:09.959> Solutions<00:10:10.560> on<00:10:10.839> were 00:10:11.069 --> 00:10:11.079 align:start position:0% build this Financial Solutions on were 00:10:11.079 --> 00:10:12.829 align:start position:0% build this Financial Solutions on were broken<00:10:11.880> it<00:10:11.959> was<00:10:12.120> a<00:10:12.279> combination<00:10:12.680> of 00:10:12.829 --> 00:10:12.839 align:start position:0% broken it was a combination of 00:10:12.839 --> 00:10:14.190 align:start position:0% broken it was a combination of institutional<00:10:13.480> problems<00:10:13.880> it<00:10:13.959> was<00:10:14.079> a 00:10:14.190 --> 00:10:14.200 align:start position:0% institutional problems it was a 00:10:14.200 --> 00:10:17.670 align:start position:0% institutional problems it was a combination<00:10:14.720> of<00:10:15.720> um<00:10:16.000> sort<00:10:16.200> of<00:10:16.560> weak 00:10:17.670 --> 00:10:17.680 align:start position:0% combination of um sort of weak 00:10:17.680 --> 00:10:20.590 align:start position:0% combination of um sort of weak currencies<00:10:18.680> and<00:10:18.839> then<00:10:19.079> also<00:10:19.920> policies<00:10:20.440> as 00:10:20.590 --> 00:10:20.600 align:start position:0% currencies and then also policies as 00:10:20.600 --> 00:10:25.430 align:start position:0% currencies and then also policies as well<00:10:21.440> right<00:10:22.399> um<00:10:22.880> and<00:10:23.880> when<00:10:24.040> I<00:10:24.320> first<00:10:25.000> looked<00:10:25.320> at 00:10:25.430 --> 00:10:25.440 align:start position:0% well right um and when I first looked at 00:10:25.440 --> 00:10:27.230 align:start position:0% well right um and when I first looked at the<00:10:25.600> blockchain<00:10:26.120> I<00:10:26.240> thought<00:10:26.519> like<00:10:26.760> wow<00:10:27.040> okay 00:10:27.230 --> 00:10:27.240 align:start position:0% the blockchain I thought like wow okay 00:10:27.240 --> 00:10:28.829 align:start position:0% the blockchain I thought like wow okay this<00:10:27.320> is<00:10:27.519> something<00:10:27.839> that<00:10:27.959> we<00:10:28.079> can<00:10:28.320> use<00:10:28.640> to 00:10:28.829 --> 00:10:28.839 align:start position:0% this is something that we can use to 00:10:28.839 --> 00:10:31.430 align:start position:0% this is something that we can use to really<00:10:29.480> build<00:10:30.399> Financial<00:10:30.880> infrastructure 00:10:31.430 --> 00:10:31.440 align:start position:0% really build Financial infrastructure 00:10:31.440 --> 00:10:34.269 align:start position:0% really build Financial infrastructure from<00:10:31.600> the<00:10:31.760> ground<00:10:32.079> up<00:10:32.360> and<00:10:33.240> equalize<00:10:33.920> access 00:10:34.269 --> 00:10:34.279 align:start position:0% from the ground up and equalize access 00:10:34.279 --> 00:10:36.670 align:start position:0% from the ground up and equalize access to<00:10:35.279> Opportunities<00:10:36.000> regardless<00:10:36.399> of<00:10:36.560> where 00:10:36.670 --> 00:10:36.680 align:start position:0% to Opportunities regardless of where 00:10:36.680 --> 00:10:40.710 align:start position:0% to Opportunities regardless of where you're<00:10:36.880> from<00:10:37.760> and<00:10:38.120> so<00:10:39.160> um<00:10:40.160> it's<00:10:40.320> been<00:10:40.480> really 00:10:40.710 --> 00:10:40.720 align:start position:0% you're from and so um it's been really 00:10:40.720 --> 00:10:42.870 align:start position:0% you're from and so um it's been really interesting<00:10:41.240> seeing<00:10:41.800> the<00:10:42.000> rise<00:10:42.279> of<00:10:42.480> stable 00:10:42.870 --> 00:10:42.880 align:start position:0% interesting seeing the rise of stable 00:10:42.880 --> 00:10:45.030 align:start position:0% interesting seeing the rise of stable coins<00:10:43.320> and<00:10:43.920> you<00:10:44.040> know<00:10:44.440> everyone<00:10:44.760> now<00:10:44.920> is 00:10:45.030 --> 00:10:45.040 align:start position:0% coins and you know everyone now is 00:10:45.040 --> 00:10:46.829 align:start position:0% coins and you know everyone now is talking<00:10:45.360> about<00:10:45.600> stable<00:10:45.959> coins<00:10:46.240> and<00:10:46.399> it's<00:10:46.600> like 00:10:46.829 --> 00:10:46.839 align:start position:0% talking about stable coins and it's like 00:10:46.839 --> 00:10:49.470 align:start position:0% talking about stable coins and it's like okay<00:10:47.079> finally<00:10:47.519> everyone<00:10:48.279> gets<00:10:48.560> it<00:10:49.160> right 00:10:49.470 --> 00:10:49.480 align:start position:0% okay finally everyone gets it right 00:10:49.480 --> 00:10:51.910 align:start position:0% okay finally everyone gets it right because<00:10:50.480> you<00:10:50.600> know<00:10:50.839> people<00:10:51.160> complicate 00:10:51.910 --> 00:10:51.920 align:start position:0% because you know people complicate 00:10:51.920 --> 00:10:54.470 align:start position:0% because you know people complicate stable<00:10:52.320> coins<00:10:52.880> but<00:10:53.279> I<00:10:53.440> think<00:10:53.600> of<00:10:53.720> stable<00:10:54.079> coins 00:10:54.470 --> 00:10:54.480 align:start position:0% stable coins but I think of stable coins 00:10:54.480 --> 00:10:56.470 align:start position:0% stable coins but I think of stable coins as<00:10:55.040> essentially<00:10:55.399> putting<00:10:55.680> the<00:10:55.800> US<00:10:56.120> Dollar<00:10:56.399> on 00:10:56.470 --> 00:10:56.480 align:start position:0% as essentially putting the US Dollar on 00:10:56.480 --> 00:10:59.030 align:start position:0% as essentially putting the US Dollar on the<00:10:56.639> internet<00:10:57.639> and<00:10:57.800> the<00:10:57.920> same<00:10:58.160> way<00:10:58.360> how<00:10:58.880> when 00:10:59.030 --> 00:10:59.040 align:start position:0% the internet and the same way how when 00:10:59.040 --> 00:11:02.430 align:start position:0% the internet and the same way how when you<00:10:59.360> don't<00:11:00.040> understand<00:11:00.839> or<00:11:01.240> have<00:11:02.240> you're 00:11:02.430 --> 00:11:02.440 align:start position:0% you don't understand or have you're 00:11:02.440 --> 00:11:04.069 align:start position:0% you don't understand or have you're trying<00:11:02.639> to<00:11:02.760> learn<00:11:03.120> something<00:11:03.440> you<00:11:03.519> can<00:11:03.760> Google 00:11:04.069 --> 00:11:04.079 align:start position:0% trying to learn something you can Google 00:11:04.079 --> 00:11:05.750 align:start position:0% trying to learn something you can Google it<00:11:04.320> and<00:11:04.519> then<00:11:04.680> you<00:11:04.880> have<00:11:05.240> access<00:11:05.480> to<00:11:05.600> that 00:11:05.750 --> 00:11:05.760 align:start position:0% it and then you have access to that 00:11:05.760 --> 00:11:07.670 align:start position:0% it and then you have access to that information<00:11:06.200> immediately<00:11:07.200> when<00:11:07.360> you<00:11:07.440> do<00:11:07.560> the 00:11:07.670 --> 00:11:07.680 align:start position:0% information immediately when you do the 00:11:07.680 --> 00:11:10.269 align:start position:0% information immediately when you do the same<00:11:07.880> thing<00:11:08.000> to<00:11:08.240> finance<00:11:09.200> a<00:11:09.320> lot<00:11:09.480> of<00:11:09.920> positive 00:11:10.269 --> 00:11:10.279 align:start position:0% same thing to finance a lot of positive 00:11:10.279 --> 00:11:13.269 align:start position:0% same thing to finance a lot of positive things<00:11:10.440> will<00:11:10.680> happen<00:11:11.000> and<00:11:11.240> so<00:11:12.240> um<00:11:13.000> but<00:11:13.160> yeah 00:11:13.269 --> 00:11:13.279 align:start position:0% things will happen and so um but yeah 00:11:13.279 --> 00:11:14.990 align:start position:0% things will happen and so um but yeah that's<00:11:13.440> sort<00:11:13.639> of<00:11:13.959> you<00:11:14.120> know<00:11:14.519> just<00:11:14.720> a<00:11:14.839> little 00:11:14.990 --> 00:11:15.000 align:start position:0% that's sort of you know just a little 00:11:15.000 --> 00:11:16.790 align:start position:0% that's sort of you know just a little bit<00:11:15.120> of<00:11:15.360> context<00:11:15.839> and<00:11:16.120> you<00:11:16.200> know<00:11:16.399> why<00:11:16.560> I've 00:11:16.790 --> 00:11:16.800 align:start position:0% bit of context and you know why I've 00:11:16.800 --> 00:11:20.150 align:start position:0% bit of context and you know why I've been<00:11:17.800> um<00:11:18.480> building<00:11:18.959> and<00:11:19.120> really<00:11:19.399> excited<00:11:19.800> to 00:11:20.150 --> 00:11:20.160 align:start position:0% been um building and really excited to 00:11:20.160 --> 00:11:22.990 align:start position:0% been um building and really excited to to<00:11:20.360> contribute<00:11:20.800> to<00:11:20.920> this<00:11:21.279> space<00:11:22.279> so<00:11:22.639> a<00:11:22.760> few 00:11:22.990 --> 00:11:23.000 align:start position:0% to contribute to this space so a few 00:11:23.000 --> 00:11:24.870 align:start position:0% to contribute to this space so a few weeks<00:11:23.320> ago<00:11:23.639> actually<00:11:23.920> chain<00:11:24.240> analysis<00:11:24.720> came 00:11:24.870 --> 00:11:24.880 align:start position:0% weeks ago actually chain analysis came 00:11:24.880 --> 00:11:27.910 align:start position:0% weeks ago actually chain analysis came out<00:11:25.079> with<00:11:25.200> a<00:11:25.480> report<00:11:26.240> of<00:11:26.480> crypto<00:11:26.920> use<00:11:27.440> across 00:11:27.910 --> 00:11:27.920 align:start position:0% out with a report of crypto use across 00:11:27.920 --> 00:11:30.670 align:start position:0% out with a report of crypto use across the<00:11:28.079> world<00:11:28.560> and<00:11:29.519> one<00:11:29.680> of<00:11:29.839> the<00:11:30.000> stats<00:11:30.360> they<00:11:30.519> put 00:11:30.670 --> 00:11:30.680 align:start position:0% the world and one of the stats they put 00:11:30.680 --> 00:11:33.829 align:start position:0% the world and one of the stats they put out<00:11:31.000> there<00:11:31.440> that<00:11:31.600> is<00:11:31.800> that<00:11:32.600> for<00:11:33.600> uh 00:11:33.829 --> 00:11:33.839 align:start position:0% out there that is that for uh 00:11:33.839 --> 00:11:37.190 align:start position:0% out there that is that for uh traditional<00:11:34.800> payments<00:11:35.800> to<00:11:36.079> move<00:11:36.440> money<00:11:36.839> from 00:11:37.190 --> 00:11:37.200 align:start position:0% traditional payments to move money from 00:11:37.200 --> 00:11:38.910 align:start position:0% traditional payments to move money from one<00:11:37.480> country<00:11:37.760> to<00:11:38.000> another<00:11:38.360> and<00:11:38.560> we<00:11:38.720> keep 00:11:38.910 --> 00:11:38.920 align:start position:0% one country to another and we keep 00:11:38.920 --> 00:11:41.150 align:start position:0% one country to another and we keep talking<00:11:39.279> about<00:11:39.560> that<00:11:39.800> because<00:11:40.160> Africa<00:11:40.519> is<00:11:40.959> a 00:11:41.150 --> 00:11:41.160 align:start position:0% talking about that because Africa is a 00:11:41.160 --> 00:11:44.870 align:start position:0% talking about that because Africa is a continent<00:11:41.600> of<00:11:42.240> 54<00:11:43.519> countries<00:11:44.519> and<00:11:44.639> so 00:11:44.870 --> 00:11:44.880 align:start position:0% continent of 54 countries and so 00:11:44.880 --> 00:11:47.750 align:start position:0% continent of 54 countries and so whenever<00:11:45.279> you're<00:11:45.480> Crossing<00:11:46.440> value<00:11:47.399> across 00:11:47.750 --> 00:11:47.760 align:start position:0% whenever you're Crossing value across 00:11:47.760 --> 00:11:50.829 align:start position:0% whenever you're Crossing value across any<00:11:47.920> of<00:11:48.079> those<00:11:48.360> borders<00:11:49.360> and<00:11:49.639> you<00:11:49.959> run<00:11:50.320> into<00:11:50.720> a 00:11:50.829 --> 00:11:50.839 align:start position:0% any of those borders and you run into a 00:11:50.839 --> 00:11:53.389 align:start position:0% any of those borders and you run into a lot<00:11:51.000> of<00:11:51.240> Swift<00:11:51.920> Swift<00:11:52.279> and<00:11:52.519> Global<00:11:52.880> Financial 00:11:53.389 --> 00:11:53.399 align:start position:0% lot of Swift Swift and Global Financial 00:11:53.399 --> 00:11:56.110 align:start position:0% lot of Swift Swift and Global Financial system<00:11:53.880> challenges<00:11:54.760> so<00:11:55.040> if<00:11:55.160> you're<00:11:55.440> Crossing 00:11:56.110 --> 00:11:56.120 align:start position:0% system challenges so if you're Crossing 00:11:56.120 --> 00:11:58.470 align:start position:0% system challenges so if you're Crossing value<00:11:56.600> across<00:11:57.040> borders<00:11:57.720> I<00:11:57.760> mean<00:11:58.000> information 00:11:58.470 --> 00:11:58.480 align:start position:0% value across borders I mean information 00:11:58.480 --> 00:12:00.470 align:start position:0% value across borders I mean information across<00:11:58.760> borders<00:11:59.079> very<00:11:59.240> very<00:11:59.399> easily<00:11:59.880> right 00:12:00.470 --> 00:12:00.480 align:start position:0% across borders very very easily right 00:12:00.480 --> 00:12:02.590 align:start position:0% across borders very very easily right but<00:12:00.680> when<00:12:01.000> value<00:12:01.560> crosses 00:12:02.590 --> 00:12:02.600 align:start position:0% but when value crosses 00:12:02.600 --> 00:12:06.310 align:start position:0% but when value crosses borders<00:12:03.600> you're<00:12:04.040> taking<00:12:04.480> a<00:12:04.800> 15% 00:12:06.310 --> 00:12:06.320 align:start position:0% borders you're taking a 15% 00:12:06.320 --> 00:12:08.910 align:start position:0% borders you're taking a 15% haircut<00:12:07.320> five<00:12:07.880> that's<00:12:08.000> what<00:12:08.160> CH<00:12:08.360> analysis<00:12:08.760> put 00:12:08.910 --> 00:12:08.920 align:start position:0% haircut five that's what CH analysis put 00:12:08.920 --> 00:12:11.069 align:start position:0% haircut five that's what CH analysis put out<00:12:09.120> there<00:12:09.800> um<00:12:10.200> other<00:12:10.440> reports<00:12:10.800> that<00:12:10.920> I've 00:12:11.069 --> 00:12:11.079 align:start position:0% out there um other reports that I've 00:12:11.079 --> 00:12:13.110 align:start position:0% out there um other reports that I've seen<00:12:11.440> show<00:12:11.760> you<00:12:11.839> know<00:12:12.320> in<00:12:12.480> real<00:12:12.720> life<00:12:12.959> it's 00:12:13.110 --> 00:12:13.120 align:start position:0% seen show you know in real life it's 00:12:13.120 --> 00:12:15.189 align:start position:0% seen show you know in real life it's around<00:12:13.360> 8<00:12:13.600> to<00:12:13.760> 9%<00:12:14.360> depending<00:12:14.639> on<00:12:14.800> how<00:12:14.920> much 00:12:15.189 --> 00:12:15.199 align:start position:0% around 8 to 9% depending on how much 00:12:15.199 --> 00:12:18.470 align:start position:0% around 8 to 9% depending on how much value<00:12:15.800> you're<00:12:16.040> going<00:12:16.399> and<00:12:17.199> like<00:12:17.920> David<00:12:18.279> just 00:12:18.470 --> 00:12:18.480 align:start position:0% value you're going and like David just 00:12:18.480 --> 00:12:21.350 align:start position:0% value you're going and like David just even<00:12:18.720> knowing<00:12:19.079> what<00:12:19.240> hinein<00:12:19.800> is<00:12:20.000> doing<00:12:21.000> I<00:12:21.160> love 00:12:21.350 --> 00:12:21.360 align:start position:0% even knowing what hinein is doing I love 00:12:21.360 --> 00:12:24.750 align:start position:0% even knowing what hinein is doing I love to<00:12:21.839> understand<00:12:22.240> a<00:12:22.399> bit<00:12:22.560> of<00:12:23.320> the<00:12:23.959> the<00:12:24.199> types<00:12:24.440> of 00:12:24.750 --> 00:12:24.760 align:start position:0% to understand a bit of the the types of 00:12:24.760 --> 00:12:26.949 align:start position:0% to understand a bit of the the types of customers<00:12:25.480> that<00:12:25.560> are<00:12:25.760> coming<00:12:26.040> and<00:12:26.279> using<00:12:26.639> your 00:12:26.949 --> 00:12:26.959 align:start position:0% customers that are coming and using your 00:12:26.959 --> 00:12:29.230 align:start position:0% customers that are coming and using your infrastructure<00:12:27.959> to<00:12:28.160> plug<00:12:28.480> in<00:12:28.680> the<00:12:28.760> global 00:12:29.230 --> 00:12:29.240 align:start position:0% infrastructure to plug in the global 00:12:29.240 --> 00:12:31.030 align:start position:0% infrastructure to plug in the global economy<00:12:29.959> because<00:12:30.360> these<00:12:30.480> are<00:12:30.639> not<00:12:30.839> like 00:12:31.030 --> 00:12:31.040 align:start position:0% economy because these are not like 00:12:31.040 --> 00:12:33.509 align:start position:0% economy because these are not like crypto<00:12:31.480> Fanatics<00:12:32.000> these<00:12:32.120> are<00:12:32.279> not<00:12:32.560> people<00:12:33.320> who 00:12:33.509 --> 00:12:33.519 align:start position:0% crypto Fanatics these are not people who 00:12:33.519 --> 00:12:35.509 align:start position:0% crypto Fanatics these are not people who are<00:12:33.880> coming<00:12:34.160> to<00:12:34.320> defcons<00:12:34.959> or<00:12:35.160> crypto 00:12:35.509 --> 00:12:35.519 align:start position:0% are coming to defcons or crypto 00:12:35.519 --> 00:12:37.710 align:start position:0% are coming to defcons or crypto conferences<00:12:36.240> these<00:12:36.399> are<00:12:36.560> people<00:12:36.839> running<00:12:37.240> the 00:12:37.710 --> 00:12:37.720 align:start position:0% conferences these are people running the 00:12:37.720 --> 00:12:40.189 align:start position:0% conferences these are people running the traditional<00:12:38.720> economy<00:12:39.480> right<00:12:39.680> so<00:12:39.959> can<00:12:40.079> you 00:12:40.189 --> 00:12:40.199 align:start position:0% traditional economy right so can you 00:12:40.199 --> 00:12:42.710 align:start position:0% traditional economy right so can you just<00:12:40.320> share<00:12:40.560> a<00:12:40.680> bit<00:12:40.920> about<00:12:41.920> like<00:12:42.240> why<00:12:42.399> are<00:12:42.560> they 00:12:42.710 --> 00:12:42.720 align:start position:0% just share a bit about like why are they 00:12:42.720 --> 00:12:45.269 align:start position:0% just share a bit about like why are they coming<00:12:42.959> to<00:12:43.399> you<00:12:44.399> what<00:12:44.519> are<00:12:44.639> they<00:12:44.800> getting<00:12:45.160> from 00:12:45.269 --> 00:12:45.279 align:start position:0% coming to you what are they getting from 00:12:45.279 --> 00:12:46.389 align:start position:0% coming to you what are they getting from you<00:12:45.440> that<00:12:45.560> they're<00:12:45.720> not<00:12:45.839> able<00:12:46.040> to<00:12:46.199> get 00:12:46.389 --> 00:12:46.399 align:start position:0% you that they're not able to get 00:12:46.399 --> 00:12:51.590 align:start position:0% you that they're not able to get elsewhere<00:12:47.399> yeah<00:12:48.320> yeah<00:12:48.600> I<00:12:49.199> think<00:12:50.320> um<00:12:51.320> and<00:12:51.519> and 00:12:51.590 --> 00:12:51.600 align:start position:0% elsewhere yeah yeah I think um and and 00:12:51.600 --> 00:12:52.750 align:start position:0% elsewhere yeah yeah I think um and and you<00:12:51.720> know<00:12:51.880> it's<00:12:52.079> it's<00:12:52.279> it's<00:12:52.480> it's<00:12:52.639> it's 00:12:52.750 --> 00:12:52.760 align:start position:0% you know it's it's it's it's it's 00:12:52.760 --> 00:12:55.430 align:start position:0% you know it's it's it's it's it's literally<00:12:53.199> what<00:12:53.320> fuels<00:12:53.760> me<00:12:53.959> to<00:12:54.120> keep<00:12:54.360> going<00:12:55.160> um 00:12:55.430 --> 00:12:55.440 align:start position:0% literally what fuels me to keep going um 00:12:55.440 --> 00:12:57.629 align:start position:0% literally what fuels me to keep going um I<00:12:55.519> think<00:12:55.800> a<00:12:56.480> larger<00:12:56.920> percentage<00:12:57.279> of<00:12:57.399> our 00:12:57.629 --> 00:12:57.639 align:start position:0% I think a larger percentage of our 00:12:57.639 --> 00:13:00.069 align:start position:0% I think a larger percentage of our customers<00:12:58.079> are<00:12:58.279> non-crypto<00:12:59.279> non<00:12:59.600> web3 00:13:00.069 --> 00:13:00.079 align:start position:0% customers are non-crypto non web3 00:13:00.079 --> 00:13:01.470 align:start position:0% customers are non-crypto non web3 companies<00:13:00.560> than<00:13:00.760> they<00:13:00.880> are<00:13:01.079> like<00:13:01.279> just 00:13:01.470 --> 00:13:01.480 align:start position:0% companies than they are like just 00:13:01.480 --> 00:13:04.430 align:start position:0% companies than they are like just traditional<00:13:01.920> web3<00:13:02.639> companies<00:13:03.639> um<00:13:04.079> and<00:13:04.240> at<00:13:04.360> the 00:13:04.430 --> 00:13:04.440 align:start position:0% traditional web3 companies um and at the 00:13:04.440 --> 00:13:06.110 align:start position:0% traditional web3 companies um and at the moment<00:13:04.680> we're<00:13:04.880> serving<00:13:05.279> some<00:13:05.440> of<00:13:05.560> the<00:13:05.680> larger 00:13:06.110 --> 00:13:06.120 align:start position:0% moment we're serving some of the larger 00:13:06.120 --> 00:13:09.030 align:start position:0% moment we're serving some of the larger Enterprises<00:13:06.880> like<00:13:07.040> I'm<00:13:07.440> talking<00:13:08.440> um<00:13:08.720> you<00:13:08.839> know 00:13:09.030 --> 00:13:09.040 align:start position:0% Enterprises like I'm talking um you know 00:13:09.040 --> 00:13:12.750 align:start position:0% Enterprises like I'm talking um you know traditional<00:13:09.720> fmcg<00:13:10.720> or<00:13:11.160> like<00:13:11.760> retail<00:13:12.600> the 00:13:12.750 --> 00:13:12.760 align:start position:0% traditional fmcg or like retail the 00:13:12.760 --> 00:13:15.829 align:start position:0% traditional fmcg or like retail the likes<00:13:13.000> of<00:13:13.240> bitco<00:13:14.040> unior<00:13:15.040> um<00:13:15.199> on<00:13:15.320> the<00:13:15.480> banking 00:13:15.829 --> 00:13:15.839 align:start position:0% likes of bitco unior um on the banking 00:13:15.839 --> 00:13:17.110 align:start position:0% likes of bitco unior um on the banking side<00:13:16.000> of<00:13:16.160> things<00:13:16.360> we're<00:13:16.560> working<00:13:16.880> very 00:13:17.110 --> 00:13:17.120 align:start position:0% side of things we're working very 00:13:17.120 --> 00:13:19.990 align:start position:0% side of things we're working very closely<00:13:17.720> with<00:13:18.360> you<00:13:18.480> know<00:13:18.959> the<00:13:19.120> United<00:13:19.600> Bank<00:13:19.839> of 00:13:19.990 --> 00:13:20.000 align:start position:0% closely with you know the United Bank of 00:13:20.000 --> 00:13:23.949 align:start position:0% closely with you know the United Bank of Africa<00:13:20.519> the<00:13:20.680> equity<00:13:21.120> Banks<00:13:22.040> um<00:13:22.760> the<00:13:23.160> brex<00:13:23.560> say 00:13:23.949 --> 00:13:23.959 align:start position:0% Africa the equity Banks um the brex say 00:13:23.959 --> 00:13:26.310 align:start position:0% Africa the equity Banks um the brex say Columns<00:13:24.480> of<00:13:24.680> this<00:13:24.839> world<00:13:25.399> um<00:13:25.959> if<00:13:26.079> you're<00:13:26.240> in 00:13:26.310 --> 00:13:26.320 align:start position:0% Columns of this world um if you're in 00:13:26.320 --> 00:13:29.509 align:start position:0% Columns of this world um if you're in the<00:13:26.480> US<00:13:26.839> as<00:13:27.000> well<00:13:27.920> and<00:13:28.920> there<00:13:29.120> the<00:13:29.199> reason<00:13:29.399> I 00:13:29.509 --> 00:13:29.519 align:start position:0% the US as well and there the reason I 00:13:29.519 --> 00:13:31.910 align:start position:0% the US as well and there the reason I use<00:13:30.120> the<00:13:30.279> two<00:13:30.519> partners<00:13:31.040> that<00:13:31.160> I<00:13:31.320> mentioned 00:13:31.910 --> 00:13:31.920 align:start position:0% use the two partners that I mentioned 00:13:31.920 --> 00:13:34.069 align:start position:0% use the two partners that I mentioned but<00:13:32.079> then<00:13:32.240> more<00:13:32.440> so<00:13:32.760> like<00:13:33.399> these<00:13:33.720> core 00:13:34.069 --> 00:13:34.079 align:start position:0% but then more so like these core 00:13:34.079 --> 00:13:36.710 align:start position:0% but then more so like these core customer<00:13:34.519> use<00:13:34.880> cases<00:13:35.760> there's<00:13:36.120> businesses<00:13:36.560> in 00:13:36.710 --> 00:13:36.720 align:start position:0% customer use cases there's businesses in 00:13:36.720 --> 00:13:38.870 align:start position:0% customer use cases there's businesses in logistics<00:13:37.399> who<00:13:37.519> are<00:13:37.680> literally<00:13:38.040> moving 00:13:38.870 --> 00:13:38.880 align:start position:0% logistics who are literally moving 00:13:38.880 --> 00:13:41.790 align:start position:0% logistics who are literally moving physical<00:13:39.320> goods<00:13:39.720> from<00:13:40.199> Kenya<00:13:40.639> to<00:13:40.880> Tanzania 00:13:41.790 --> 00:13:41.800 align:start position:0% physical goods from Kenya to Tanzania 00:13:41.800 --> 00:13:44.750 align:start position:0% physical goods from Kenya to Tanzania from<00:13:42.120> Tanzania<00:13:42.760> to<00:13:42.959> South<00:13:43.279> Africa<00:13:43.800> and<00:13:44.480> and 00:13:44.750 --> 00:13:44.760 align:start position:0% from Tanzania to South Africa and and 00:13:44.760 --> 00:13:47.990 align:start position:0% from Tanzania to South Africa and and back<00:13:45.760> um<00:13:46.440> and<00:13:46.600> and<00:13:46.800> these<00:13:47.120> these<00:13:47.279> folks<00:13:47.600> chose 00:13:47.990 --> 00:13:48.000 align:start position:0% back um and and these these folks chose 00:13:48.000 --> 00:13:49.069 align:start position:0% back um and and these these folks chose us 00:13:49.069 --> 00:13:49.079 align:start position:0% us 00:13:49.079 --> 00:13:51.310 align:start position:0% us because<00:13:50.079> uh<00:13:50.240> and<00:13:50.399> I<00:13:50.560> I<00:13:50.639> like<00:13:50.800> to<00:13:50.920> always<00:13:51.160> use 00:13:51.310 --> 00:13:51.320 align:start position:0% because uh and I I like to always use 00:13:51.320 --> 00:13:53.430 align:start position:0% because uh and I I like to always use this<00:13:51.519> analogy<00:13:52.279> they<00:13:52.399> chose<00:13:52.680> us 00:13:53.430 --> 00:13:53.440 align:start position:0% this analogy they chose us 00:13:53.440 --> 00:13:56.269 align:start position:0% this analogy they chose us because<00:13:54.440> uh<00:13:54.920> Financial<00:13:55.480> infrastructure<00:13:56.120> and 00:13:56.269 --> 00:13:56.279 align:start position:0% because uh Financial infrastructure and 00:13:56.279 --> 00:13:58.069 align:start position:0% because uh Financial infrastructure and financial<00:13:56.759> platforms<00:13:57.360> were<00:13:57.560> left<00:13:57.839> in<00:13:58.000> the 00:13:58.069 --> 00:13:58.079 align:start position:0% financial platforms were left in the 00:13:58.079 --> 00:14:01.069 align:start position:0% financial platforms were left in the '90s<00:13:58.440> in<00:13:59.120> Africa<00:13:59.920> and<00:14:00.040> we're<00:14:00.279> trying<00:14:00.480> to<00:14:00.959> you 00:14:01.069 --> 00:14:01.079 align:start position:0% '90s in Africa and we're trying to you 00:14:01.079 --> 00:14:03.389 align:start position:0% '90s in Africa and we're trying to you know<00:14:01.320> help<00:14:01.639> them<00:14:01.880> catch<00:14:02.160> up<00:14:02.759> right<00:14:03.120> and<00:14:03.240> to 00:14:03.389 --> 00:14:03.399 align:start position:0% know help them catch up right and to 00:14:03.399 --> 00:14:05.110 align:start position:0% know help them catch up right and to give<00:14:03.519> you<00:14:03.720> context<00:14:04.120> of<00:14:04.320> what<00:14:04.519> catching<00:14:04.880> up 00:14:05.110 --> 00:14:05.120 align:start position:0% give you context of what catching up 00:14:05.120 --> 00:14:07.629 align:start position:0% give you context of what catching up actually<00:14:05.399> looks<00:14:05.720> like<00:14:06.399> before<00:14:07.120> a<00:14:07.279> provider 00:14:07.629 --> 00:14:07.639 align:start position:0% actually looks like before a provider 00:14:07.639 --> 00:14:09.350 align:start position:0% actually looks like before a provider like<00:14:07.880> us<00:14:08.480> and<00:14:08.639> there's<00:14:08.839> a<00:14:09.000> number<00:14:09.240> of 00:14:09.350 --> 00:14:09.360 align:start position:0% like us and there's a number of 00:14:09.360 --> 00:14:10.590 align:start position:0% like us and there's a number of different<00:14:09.639> providers<00:14:10.079> and<00:14:10.240> you<00:14:10.360> guys<00:14:10.480> are 00:14:10.590 --> 00:14:10.600 align:start position:0% different providers and you guys are 00:14:10.600 --> 00:14:12.870 align:start position:0% different providers and you guys are welcome<00:14:10.839> to<00:14:10.959> do<00:14:11.040> your<00:14:11.519> research<00:14:12.519> I<00:14:12.600> would<00:14:12.759> have 00:14:12.870 --> 00:14:12.880 align:start position:0% welcome to do your research I would have 00:14:12.880 --> 00:14:15.710 align:start position:0% welcome to do your research I would have to<00:14:13.040> go<00:14:13.160> to<00:14:13.320> my<00:14:13.519> bank<00:14:14.279> fill<00:14:14.560> in<00:14:14.720> a<00:14:15.199> physical 00:14:15.710 --> 00:14:15.720 align:start position:0% to go to my bank fill in a physical 00:14:15.720 --> 00:14:18.350 align:start position:0% to go to my bank fill in a physical remittance<00:14:16.360> form<00:14:16.839> that's<00:14:17.000> what<00:14:17.160> we<00:14:17.320> call<00:14:17.519> it 00:14:18.350 --> 00:14:18.360 align:start position:0% remittance form that's what we call it 00:14:18.360 --> 00:14:21.310 align:start position:0% remittance form that's what we call it uh<00:14:18.560> just<00:14:18.759> to<00:14:19.040> pay<00:14:19.480> for<00:14:19.800> like<00:14:19.959> an<00:14:20.160> invoice<00:14:21.000> in<00:14:21.120> a 00:14:21.310 --> 00:14:21.320 align:start position:0% uh just to pay for like an invoice in a 00:14:21.320 --> 00:14:25.310 align:start position:0% uh just to pay for like an invoice in a country<00:14:22.000> that<00:14:22.160> is<00:14:22.560> probably<00:14:23.560> uh<00:14:24.120> 100<00:14:24.759> a<00:14:25.079> couple 00:14:25.310 --> 00:14:25.320 align:start position:0% country that is probably uh 100 a couple 00:14:25.320 --> 00:14:27.870 align:start position:0% country that is probably uh 100 a couple of<00:14:25.639> 100<00:14:25.959> kilometers<00:14:26.560> between<00:14:26.959> each<00:14:27.120> other 00:14:27.870 --> 00:14:27.880 align:start position:0% of 100 kilometers between each other 00:14:27.880 --> 00:14:29.629 align:start position:0% of 100 kilometers between each other right<00:14:28.600> that 00:14:29.629 --> 00:14:29.639 align:start position:0% right that 00:14:29.639 --> 00:14:33.670 align:start position:0% right that should<00:14:29.959> not<00:14:30.320> exist<00:14:31.040> in<00:14:31.240> 2024<00:14:32.160> but<00:14:32.320> it<00:14:32.519> does<00:14:33.480> and 00:14:33.670 --> 00:14:33.680 align:start position:0% should not exist in 2024 but it does and 00:14:33.680 --> 00:14:35.350 align:start position:0% should not exist in 2024 but it does and and<00:14:33.880> that's<00:14:34.079> why<00:14:34.240> a<00:14:34.360> customer<00:14:34.759> like<00:14:35.000> them 00:14:35.350 --> 00:14:35.360 align:start position:0% and that's why a customer like them 00:14:35.360 --> 00:14:37.749 align:start position:0% and that's why a customer like them would<00:14:35.560> choose<00:14:36.040> us<00:14:37.040> the<00:14:37.160> second<00:14:37.399> reason<00:14:37.680> they 00:14:37.749 --> 00:14:37.759 align:start position:0% would choose us the second reason they 00:14:37.759 --> 00:14:41.910 align:start position:0% would choose us the second reason they would<00:14:37.920> choose<00:14:38.199> us<00:14:38.519> is<00:14:39.120> we<00:14:39.360> offer<00:14:40.279> kind<00:14:40.399> of<00:14:40.920> like 00:14:41.910 --> 00:14:41.920 align:start position:0% would choose us is we offer kind of like 00:14:41.920 --> 00:14:43.990 align:start position:0% would choose us is we offer kind of like a<00:14:42.040> more<00:14:42.320> refreshing<00:14:43.079> experience<00:14:43.680> to<00:14:43.880> what 00:14:43.990 --> 00:14:44.000 align:start position:0% a more refreshing experience to what 00:14:44.000 --> 00:14:45.790 align:start position:0% a more refreshing experience to what they're<00:14:44.199> used<00:14:44.480> to<00:14:44.839> in<00:14:45.079> that<00:14:45.320> the<00:14:45.519> person 00:14:45.790 --> 00:14:45.800 align:start position:0% they're used to in that the person 00:14:45.800 --> 00:14:47.949 align:start position:0% they're used to in that the person you're<00:14:46.040> serving<00:14:46.880> uh<00:14:47.040> no<00:14:47.199> the<00:14:47.360> person<00:14:47.639> that<00:14:47.800> is 00:14:47.949 --> 00:14:47.959 align:start position:0% you're serving uh no the person that is 00:14:47.959 --> 00:14:51.949 align:start position:0% you're serving uh no the person that is serving<00:14:48.399> you<00:14:49.160> um<00:14:49.440> if<00:14:49.639> they<00:14:49.800> were<00:14:50.560> an<00:14:50.959> fx<00:14:51.399> broker 00:14:51.949 --> 00:14:51.959 align:start position:0% serving you um if they were an fx broker 00:14:51.959 --> 00:14:55.470 align:start position:0% serving you um if they were an fx broker if<00:14:52.079> they<00:14:52.240> were<00:14:52.600> a<00:14:52.759> bank<00:14:53.480> if<00:14:53.639> they<00:14:53.839> were<00:14:54.839> uh<00:14:55.199> web 00:14:55.470 --> 00:14:55.480 align:start position:0% if they were a bank if they were uh web 00:14:55.480 --> 00:14:58.430 align:start position:0% if they were a bank if they were uh web to<00:14:55.720> fintech<00:14:56.160> as<00:14:56.480> well<00:14:57.480> who<00:14:57.720> I<00:14:57.880> have<00:14:58.079> nothing 00:14:58.430 --> 00:14:58.440 align:start position:0% to fintech as well who I have nothing 00:14:58.440 --> 00:15:01.230 align:start position:0% to fintech as well who I have nothing against<00:14:59.079> to<00:14:59.199> be<00:14:59.360> honest<00:15:00.120> um<00:15:00.800> the<00:15:00.959> person 00:15:01.230 --> 00:15:01.240 align:start position:0% against to be honest um the person 00:15:01.240 --> 00:15:03.189 align:start position:0% against to be honest um the person that's<00:15:01.440> serving<00:15:01.880> you<00:15:02.199> would<00:15:02.639> kind<00:15:02.759> of<00:15:02.920> like<00:15:03.040> be 00:15:03.189 --> 00:15:03.199 align:start position:0% that's serving you would kind of like be 00:15:03.199 --> 00:15:05.189 align:start position:0% that's serving you would kind of like be offering<00:15:03.480> you<00:15:03.600> a<00:15:03.839> solution<00:15:04.680> and<00:15:04.800> it's<00:15:04.959> as<00:15:05.079> if 00:15:05.189 --> 00:15:05.199 align:start position:0% offering you a solution and it's as if 00:15:05.199 --> 00:15:08.030 align:start position:0% offering you a solution and it's as if they're<00:15:05.360> doing<00:15:05.560> you<00:15:05.680> a<00:15:05.839> favor<00:15:06.560> right<00:15:07.279> like<00:15:07.759> you 00:15:08.030 --> 00:15:08.040 align:start position:0% they're doing you a favor right like you 00:15:08.040 --> 00:15:10.509 align:start position:0% they're doing you a favor right like you ask<00:15:08.639> you<00:15:08.759> know<00:15:09.240> the<00:15:09.440> exchange<00:15:09.800> rate<00:15:10.000> on<00:15:10.199> Google 00:15:10.509 --> 00:15:10.519 align:start position:0% ask you know the exchange rate on Google 00:15:10.519 --> 00:15:12.590 align:start position:0% ask you know the exchange rate on Google is<00:15:10.759> this<00:15:11.040> why<00:15:11.160> are<00:15:11.279> you<00:15:11.399> selling<00:15:11.759> to<00:15:11.920> me 00:15:12.590 --> 00:15:12.600 align:start position:0% is this why are you selling to me 00:15:12.600 --> 00:15:14.430 align:start position:0% is this why are you selling to me dollars<00:15:13.000> at<00:15:13.199> this<00:15:13.399> price<00:15:13.839> I'll<00:15:14.040> tell<00:15:14.199> you<00:15:14.360> this 00:15:14.430 --> 00:15:14.440 align:start position:0% dollars at this price I'll tell you this 00:15:14.440 --> 00:15:15.990 align:start position:0% dollars at this price I'll tell you this is<00:15:14.560> the<00:15:14.720> price<00:15:14.880> of<00:15:15.040> the<00:15:15.199> day<00:15:15.600> right<00:15:15.800> there's 00:15:15.990 --> 00:15:16.000 align:start position:0% is the price of the day right there's 00:15:16.000 --> 00:15:20.150 align:start position:0% is the price of the day right there's nothing<00:15:16.240> you<00:15:16.360> can<00:15:16.519> do<00:15:17.480> um<00:15:18.079> and<00:15:18.240> I<00:15:18.800> think<00:15:19.800> one<00:15:19.920> of 00:15:20.150 --> 00:15:20.160 align:start position:0% nothing you can do um and I think one of 00:15:20.160 --> 00:15:23.670 align:start position:0% nothing you can do um and I think one of the<00:15:21.000> non-negotiable<00:15:21.959> rights<00:15:22.519> is<00:15:22.720> optionality 00:15:23.670 --> 00:15:23.680 align:start position:0% the non-negotiable rights is optionality 00:15:23.680 --> 00:15:26.350 align:start position:0% the non-negotiable rights is optionality as<00:15:23.759> a<00:15:23.959> human<00:15:24.320> in<00:15:24.519> general<00:15:25.199> like<00:15:25.880> you<00:15:26.040> should 00:15:26.350 --> 00:15:26.360 align:start position:0% as a human in general like you should 00:15:26.360 --> 00:15:28.749 align:start position:0% as a human in general like you should get<00:15:26.560> to<00:15:26.800> choose<00:15:27.279> you<00:15:27.360> shouldn't<00:15:27.720> be<00:15:27.880> told<00:15:28.639> this 00:15:28.749 --> 00:15:28.759 align:start position:0% get to choose you shouldn't be told this 00:15:28.759 --> 00:15:32.309 align:start position:0% get to choose you shouldn't be told this is<00:15:29.199> what<00:15:29.639> you<00:15:29.800> know<00:15:30.279> exists<00:15:30.920> this<00:15:31.040> is<00:15:31.319> how<00:15:31.959> life 00:15:32.309 --> 00:15:32.319 align:start position:0% is what you know exists this is how life 00:15:32.319 --> 00:15:34.069 align:start position:0% is what you know exists this is how life is<00:15:32.880> and<00:15:33.000> so<00:15:33.160> you<00:15:33.240> should<00:15:33.440> just<00:15:33.560> go<00:15:33.720> ahead<00:15:33.920> and 00:15:34.069 --> 00:15:34.079 align:start position:0% is and so you should just go ahead and 00:15:34.079 --> 00:15:36.870 align:start position:0% is and so you should just go ahead and take<00:15:34.319> it<00:15:35.040> um<00:15:35.560> and<00:15:35.680> we're<00:15:35.880> giving<00:15:36.199> optionality 00:15:36.870 --> 00:15:36.880 align:start position:0% take it um and we're giving optionality 00:15:36.880 --> 00:15:38.790 align:start position:0% take it um and we're giving optionality not<00:15:37.120> just<00:15:37.279> from<00:15:37.560> like<00:15:37.680> a<00:15:38.240> platform 00:15:38.790 --> 00:15:38.800 align:start position:0% not just from like a platform 00:15:38.800 --> 00:15:41.550 align:start position:0% not just from like a platform perspective<00:15:39.560> like<00:15:39.720> you<00:15:39.839> can<00:15:40.040> use<00:15:40.319> us<00:15:40.759> and<00:15:41.399> but 00:15:41.550 --> 00:15:41.560 align:start position:0% perspective like you can use us and but 00:15:41.560 --> 00:15:42.949 align:start position:0% perspective like you can use us and but we're<00:15:41.759> giving<00:15:42.040> optionality<00:15:42.560> on<00:15:42.639> a<00:15:42.759> more 00:15:42.949 --> 00:15:42.959 align:start position:0% we're giving optionality on a more 00:15:42.959 --> 00:15:45.910 align:start position:0% we're giving optionality on a more deeper<00:15:43.360> level<00:15:43.680> in<00:15:43.800> terms<00:15:44.040> of<00:15:44.279> like<00:15:44.759> look<00:15:45.759> we 00:15:45.910 --> 00:15:45.920 align:start position:0% deeper level in terms of like look we 00:15:45.920 --> 00:15:48.030 align:start position:0% deeper level in terms of like look we are<00:15:46.079> not<00:15:46.279> trying<00:15:46.560> to<00:15:46.800> sell<00:15:47.160> you<00:15:47.560> the<00:15:47.759> same 00:15:48.030 --> 00:15:48.040 align:start position:0% are not trying to sell you the same 00:15:48.040 --> 00:15:50.470 align:start position:0% are not trying to sell you the same thing<00:15:48.319> that<00:15:48.440> has<00:15:48.600> been<00:15:48.839> sold<00:15:49.639> in<00:15:49.800> this<00:15:50.040> market 00:15:50.470 --> 00:15:50.480 align:start position:0% thing that has been sold in this market 00:15:50.480 --> 00:15:52.790 align:start position:0% thing that has been sold in this market with<00:15:50.639> the<00:15:50.880> tier<00:15:51.199> One<00:15:51.480> banks<00:15:51.920> with<00:15:52.079> the<00:15:52.399> largest 00:15:52.790 --> 00:15:52.800 align:start position:0% with the tier One banks with the largest 00:15:52.800 --> 00:15:55.910 align:start position:0% with the tier One banks with the largest fi<00:15:53.360> largest<00:15:53.759> PSPs<00:15:54.440> I<00:15:54.560> think<00:15:55.199> back<00:15:55.399> to<00:15:55.639> like<00:15:55.800> one 00:15:55.910 --> 00:15:55.920 align:start position:0% fi largest PSPs I think back to like one 00:15:55.920 --> 00:15:57.749 align:start position:0% fi largest PSPs I think back to like one of<00:15:56.040> the<00:15:56.199> more<00:15:56.800> you<00:15:56.920> know<00:15:57.079> even<00:15:57.319> funnier 00:15:57.749 --> 00:15:57.759 align:start position:0% of the more you know even funnier 00:15:57.759 --> 00:15:59.509 align:start position:0% of the more you know even funnier scenarios<00:15:58.279> that<00:15:58.639> it<00:15:58.720> just<00:15:59.040> happened<00:15:59.240> to<00:15:59.319> us 00:15:59.509 --> 00:15:59.519 align:start position:0% scenarios that it just happened to us 00:15:59.519 --> 00:16:01.870 align:start position:0% scenarios that it just happened to us this<00:15:59.720> week<00:16:00.199> like<00:16:00.319> we<00:16:00.480> onboarded<00:16:00.959> a<00:16:01.560> payment 00:16:01.870 --> 00:16:01.880 align:start position:0% this week like we onboarded a payment 00:16:01.880 --> 00:16:05.230 align:start position:0% this week like we onboarded a payment service<00:16:02.240> provide<00:16:02.480> a<00:16:02.639> customer<00:16:03.240> on<00:16:03.720> Monday<00:16:04.720> and 00:16:05.230 --> 00:16:05.240 align:start position:0% service provide a customer on Monday and 00:16:05.240 --> 00:16:07.470 align:start position:0% service provide a customer on Monday and Tuesday<00:16:06.240> they<00:16:06.360> want<00:16:06.480> to<00:16:06.639> call<00:16:06.800> it<00:16:07.000> my<00:16:07.120> head<00:16:07.279> of 00:16:07.470 --> 00:16:07.480 align:start position:0% Tuesday they want to call it my head of 00:16:07.480 --> 00:16:08.990 align:start position:0% Tuesday they want to call it my head of products<00:16:08.120> and<00:16:08.240> they<00:16:08.319> were<00:16:08.519> literally 00:16:08.990 --> 00:16:09.000 align:start position:0% products and they were literally 00:16:09.000 --> 00:16:11.829 align:start position:0% products and they were literally pitching<00:16:09.959> you<00:16:10.079> know<00:16:10.319> our<00:16:10.720> platform<00:16:11.279> to<00:16:11.519> their 00:16:11.829 --> 00:16:11.839 align:start position:0% pitching you know our platform to their 00:16:11.839 --> 00:16:15.150 align:start position:0% pitching you know our platform to their customers<00:16:12.720> right<00:16:13.319> that's<00:16:13.519> the<00:16:13.759> kind<00:16:13.920> of<00:16:14.199> like 00:16:15.150 --> 00:16:15.160 align:start position:0% customers right that's the kind of like 00:16:15.160 --> 00:16:18.550 align:start position:0% customers right that's the kind of like I<00:16:15.279> would<00:16:15.480> say<00:16:16.480> catalyst<00:16:17.480> that<00:16:17.800> excites<00:16:18.240> me<00:16:18.399> the 00:16:18.550 --> 00:16:18.560 align:start position:0% I would say catalyst that excites me the 00:16:18.560 --> 00:16:21.110 align:start position:0% I would say catalyst that excites me the most<00:16:18.839> because<00:16:19.120> it's<00:16:19.360> like<00:16:20.040> this<00:16:20.319> person<00:16:20.720> is<00:16:20.880> so 00:16:21.110 --> 00:16:21.120 align:start position:0% most because it's like this person is so 00:16:21.120 --> 00:16:23.269 align:start position:0% most because it's like this person is so excited<00:16:21.560> about<00:16:21.880> what's<00:16:22.160> happening<00:16:23.079> with 00:16:23.269 --> 00:16:23.279 align:start position:0% excited about what's happening with 00:16:23.279 --> 00:16:25.749 align:start position:0% excited about what's happening with folks<00:16:23.720> like<00:16:23.959> us<00:16:24.759> um<00:16:24.920> with<00:16:25.040> the<00:16:25.160> onboards<00:16:25.639> with 00:16:25.749 --> 00:16:25.759 align:start position:0% folks like us um with the onboards with 00:16:25.759 --> 00:16:27.150 align:start position:0% folks like us um with the onboards with the<00:16:25.839> grassroot<00:16:26.279> economics<00:16:26.800> that<00:16:26.920> they're 00:16:27.150 --> 00:16:27.160 align:start position:0% the grassroot economics that they're 00:16:27.160 --> 00:16:29.590 align:start position:0% the grassroot economics that they're literally<00:16:27.639> like<00:16:28.240> I<00:16:28.399> will<00:16:28.600> put<00:16:29.079> in<00:16:29.160> front<00:16:29.319> of<00:16:29.440> my 00:16:29.590 --> 00:16:29.600 align:start position:0% literally like I will put in front of my 00:16:29.600 --> 00:16:31.949 align:start position:0% literally like I will put in front of my customers<00:16:30.000> and<00:16:30.160> tell<00:16:30.399> them<00:16:30.680> look<00:16:31.399> it's<00:16:31.639> better 00:16:31.949 --> 00:16:31.959 align:start position:0% customers and tell them look it's better 00:16:31.959 --> 00:16:34.230 align:start position:0% customers and tell them look it's better now<00:16:32.319> or<00:16:32.480> it<00:16:32.639> works<00:16:33.199> you<00:16:33.319> know<00:16:33.480> it's<00:16:33.680> efficient 00:16:34.230 --> 00:16:34.240 align:start position:0% now or it works you know it's efficient 00:16:34.240 --> 00:16:37.030 align:start position:0% now or it works you know it's efficient it's<00:16:34.480> faster<00:16:35.480> um<00:16:35.600> and<00:16:35.759> those<00:16:35.880> are<00:16:36.040> all<00:16:36.319> very 00:16:37.030 --> 00:16:37.040 align:start position:0% it's faster um and those are all very 00:16:37.040 --> 00:16:39.189 align:start position:0% it's faster um and those are all very colorful<00:16:37.519> adjectives<00:16:38.120> but<00:16:38.319> I<00:16:38.440> think<00:16:38.959> the 00:16:39.189 --> 00:16:39.199 align:start position:0% colorful adjectives but I think the 00:16:39.199 --> 00:16:41.350 align:start position:0% colorful adjectives but I think the tangibility<00:16:39.959> of<00:16:40.120> them<00:16:40.440> is<00:16:40.560> in<00:16:40.759> those<00:16:41.000> kind<00:16:41.160> of 00:16:41.350 --> 00:16:41.360 align:start position:0% tangibility of them is in those kind of 00:16:41.360 --> 00:16:43.069 align:start position:0% tangibility of them is in those kind of like<00:16:41.600> very<00:16:41.920> traditional<00:16:42.480> customers<00:16:42.920> who 00:16:43.069 --> 00:16:43.079 align:start position:0% like very traditional customers who 00:16:43.079 --> 00:16:45.350 align:start position:0% like very traditional customers who would<00:16:43.240> never<00:16:43.480> touch<00:16:43.800> crypto<00:16:44.720> but<00:16:45.120> if<00:16:45.199> you 00:16:45.350 --> 00:16:45.360 align:start position:0% would never touch crypto but if you 00:16:45.360 --> 00:16:47.030 align:start position:0% would never touch crypto but if you bring<00:16:45.600> it<00:16:45.720> to<00:16:45.880> them<00:16:46.040> in<00:16:46.160> a<00:16:46.319> way<00:16:46.519> that<00:16:46.720> actually 00:16:47.030 --> 00:16:47.040 align:start position:0% bring it to them in a way that actually 00:16:47.040 --> 00:16:48.790 align:start position:0% bring it to them in a way that actually addresses<00:16:47.480> the<00:16:47.639> solution<00:16:48.240> then<00:16:48.399> you're 00:16:48.790 --> 00:16:48.800 align:start position:0% addresses the solution then you're 00:16:48.800 --> 00:16:50.910 align:start position:0% addresses the solution then you're solving<00:16:49.160> a<00:16:49.319> major<00:16:49.680> problem<00:16:50.319> it's<00:16:50.480> interesting 00:16:50.910 --> 00:16:50.920 align:start position:0% solving a major problem it's interesting 00:16:50.920 --> 00:16:52.910 align:start position:0% solving a major problem it's interesting what<00:16:51.040> I've<00:16:51.199> heard<00:16:51.399> you<00:16:51.519> say<00:16:51.759> is<00:16:52.000> that<00:16:52.560> you're 00:16:52.910 --> 00:16:52.920 align:start position:0% what I've heard you say is that you're 00:16:52.920 --> 00:16:56.230 align:start position:0% what I've heard you say is that you're you're<00:16:53.079> not<00:16:53.279> saying<00:16:53.839> hey<00:16:54.680> like<00:16:55.040> let's<00:16:55.680> destroy 00:16:56.230 --> 00:16:56.240 align:start position:0% you're not saying hey like let's destroy 00:16:56.240 --> 00:16:58.309 align:start position:0% you're not saying hey like let's destroy Banks<00:16:56.759> let's<00:16:57.040> recreate<00:16:57.680> that<00:16:57.880> you're 00:16:58.309 --> 00:16:58.319 align:start position:0% Banks let's recreate that you're 00:16:58.319 --> 00:17:00.230 align:start position:0% Banks let's recreate that you're actually<00:16:58.600> saying<00:16:58.920> saying<00:16:59.440> let<00:16:59.600> us<00:16:59.800> bring<00:17:00.120> a 00:17:00.230 --> 00:17:00.240 align:start position:0% actually saying saying let us bring a 00:17:00.240 --> 00:17:02.189 align:start position:0% actually saying saying let us bring a new<00:17:00.480> value<00:17:00.880> proposition<00:17:01.560> that<00:17:01.680> they're<00:17:01.920> not 00:17:02.189 --> 00:17:02.199 align:start position:0% new value proposition that they're not 00:17:02.199 --> 00:17:03.390 align:start position:0% new value proposition that they're not able<00:17:02.480> to 00:17:03.390 --> 00:17:03.400 align:start position:0% able to 00:17:03.400 --> 00:17:06.750 align:start position:0% able to do<00:17:04.400> integrate<00:17:05.000> with<00:17:05.240> them<00:17:05.640> because<00:17:06.039> they<00:17:06.280> have 00:17:06.750 --> 00:17:06.760 align:start position:0% do integrate with them because they have 00:17:06.760 --> 00:17:09.510 align:start position:0% do integrate with them because they have different<00:17:07.120> types<00:17:07.319> of<00:17:07.720> distributions<00:17:08.720> but 00:17:09.510 --> 00:17:09.520 align:start position:0% different types of distributions but 00:17:09.520 --> 00:17:12.270 align:start position:0% different types of distributions but create<00:17:10.000> superpowers<00:17:10.679> from<00:17:10.959> money<00:17:11.720> and<00:17:11.919> build 00:17:12.270 --> 00:17:12.280 align:start position:0% create superpowers from money and build 00:17:12.280 --> 00:17:13.710 align:start position:0% create superpowers from money and build on<00:17:12.520> top<00:17:12.720> of<00:17:12.839> them<00:17:12.959> and<00:17:13.120> like<00:17:13.280> build<00:17:13.520> the 00:17:13.710 --> 00:17:13.720 align:start position:0% on top of them and like build the 00:17:13.720 --> 00:17:16.470 align:start position:0% on top of them and like build the plumbing<00:17:14.720> of<00:17:15.240> like<00:17:15.439> the<00:17:15.600> Global<00:17:15.959> Financial 00:17:16.470 --> 00:17:16.480 align:start position:0% plumbing of like the Global Financial 00:17:16.480 --> 00:17:18.350 align:start position:0% plumbing of like the Global Financial system<00:17:17.199> and<00:17:17.319> I<00:17:17.439> guess<00:17:17.679> one<00:17:17.880> quick<00:17:18.079> thing<00:17:18.280> I 00:17:18.350 --> 00:17:18.360 align:start position:0% system and I guess one quick thing I 00:17:18.360 --> 00:17:21.110 align:start position:0% system and I guess one quick thing I wanted<00:17:18.640> to<00:17:18.839> kind<00:17:18.959> of<00:17:19.199> plug<00:17:19.439> in<00:17:19.679> there<00:17:19.880> is<00:17:20.120> that 00:17:21.110 --> 00:17:21.120 align:start position:0% wanted to kind of plug in there is that 00:17:21.120 --> 00:17:22.990 align:start position:0% wanted to kind of plug in there is that when<00:17:21.520> many<00:17:21.760> of<00:17:21.880> us<00:17:22.039> keep<00:17:22.280> talking<00:17:22.600> about 00:17:22.990 --> 00:17:23.000 align:start position:0% when many of us keep talking about 00:17:23.000 --> 00:17:24.909 align:start position:0% when many of us keep talking about financial<00:17:23.439> service<00:17:23.880> applications<00:17:24.559> a<00:17:24.679> lot<00:17:24.799> of 00:17:24.909 --> 00:17:24.919 align:start position:0% financial service applications a lot of 00:17:24.919 --> 00:17:27.470 align:start position:0% financial service applications a lot of folks<00:17:25.319> ask<00:17:26.280> what<00:17:26.400> is<00:17:26.600> beyond<00:17:26.959> Finance<00:17:27.360> what 00:17:27.470 --> 00:17:27.480 align:start position:0% folks ask what is beyond Finance what 00:17:27.480 --> 00:17:29.470 align:start position:0% folks ask what is beyond Finance what are<00:17:27.640> innovations<00:17:28.400> that<00:17:28.559> we<00:17:28.640> should<00:17:29.000> do<00:17:29.160> Beyond 00:17:29.470 --> 00:17:29.480 align:start position:0% are innovations that we should do Beyond 00:17:29.480 --> 00:17:31.669 align:start position:0% are innovations that we should do Beyond finance<00:17:29.960> and<00:17:30.400> what<00:17:30.600> comes<00:17:30.840> to<00:17:31.000> mind<00:17:31.240> for<00:17:31.400> me 00:17:31.669 --> 00:17:31.679 align:start position:0% finance and what comes to mind for me 00:17:31.679 --> 00:17:33.510 align:start position:0% finance and what comes to mind for me when<00:17:32.000> you<00:17:32.120> know<00:17:32.440> we<00:17:32.600> talk<00:17:32.880> that<00:17:33.039> is<00:17:33.160> of<00:17:33.320> course 00:17:33.510 --> 00:17:33.520 align:start position:0% when you know we talk that is of course 00:17:33.520 --> 00:17:35.870 align:start position:0% when you know we talk that is of course we<00:17:33.640> need<00:17:33.799> to<00:17:33.960> look<00:17:34.120> at<00:17:34.280> Beyond<00:17:34.679> Finance<00:17:35.200> but<00:17:35.720> if 00:17:35.870 --> 00:17:35.880 align:start position:0% we need to look at Beyond Finance but if 00:17:35.880 --> 00:17:37.950 align:start position:0% we need to look at Beyond Finance but if today<00:17:36.240> for 00:17:37.950 --> 00:17:37.960 align:start position:0% today for 00:17:37.960 --> 00:17:41.150 align:start position:0% today for example<00:17:38.960> for<00:17:39.280> people<00:17:39.520> in 00:17:41.150 --> 00:17:41.160 align:start position:0% example for people in 00:17:41.160 --> 00:17:44.270 align:start position:0% example for people in California<00:17:42.160> paying<00:17:42.520> something<00:17:43.520> on<00:17:43.720> the<00:17:43.919> same 00:17:44.270 --> 00:17:44.280 align:start position:0% California paying something on the same 00:17:44.280 --> 00:17:47.110 align:start position:0% California paying something on the same website<00:17:45.280> the<00:17:45.440> same<00:17:45.799> project<00:17:46.400> in<00:17:46.640> based<00:17:46.960> in 00:17:47.110 --> 00:17:47.120 align:start position:0% website the same project in based in 00:17:47.120 --> 00:17:49.470 align:start position:0% website the same project in based in Texas<00:17:48.000> if<00:17:48.160> that<00:17:48.320> took<00:17:48.559> four 00:17:49.470 --> 00:17:49.480 align:start position:0% Texas if that took four 00:17:49.480 --> 00:17:53.630 align:start position:0% Texas if that took four weeks<00:17:50.480> and<00:17:50.640> if<00:17:50.760> you're<00:17:51.120> paying<00:17:51.400> 15%<00:17:52.440> extra<00:17:53.440> and 00:17:53.630 --> 00:17:53.640 align:start position:0% weeks and if you're paying 15% extra and 00:17:53.640 --> 00:17:56.149 align:start position:0% weeks and if you're paying 15% extra and that<00:17:53.799> was<00:17:53.960> the<00:17:54.160> case<00:17:54.360> for<00:17:54.679> all<00:17:55.080> 50<00:17:55.600> plus<00:17:55.840> states 00:17:56.149 --> 00:17:56.159 align:start position:0% that was the case for all 50 plus states 00:17:56.159 --> 00:17:59.029 align:start position:0% that was the case for all 50 plus states in<00:17:56.280> the<00:17:56.600> US<00:17:57.600> of<00:17:57.840> actually<00:17:58.120> moving<00:17:58.520> value 00:17:59.029 --> 00:17:59.039 align:start position:0% in the US of actually moving value 00:17:59.039 --> 00:18:02.029 align:start position:0% in the US of actually moving value between<00:17:59.280> all<00:17:59.440> those<00:17:59.640> States<00:18:00.440> was<00:18:00.679> so<00:18:00.960> hard<00:18:01.840> and 00:18:02.029 --> 00:18:02.039 align:start position:0% between all those States was so hard and 00:18:02.039 --> 00:18:04.630 align:start position:0% between all those States was so hard and basically<00:18:02.960> if<00:18:03.080> you<00:18:03.200> are<00:18:03.400> flying<00:18:04.159> halfway<00:18:04.520> on 00:18:04.630 --> 00:18:04.640 align:start position:0% basically if you are flying halfway on 00:18:04.640 --> 00:18:06.510 align:start position:0% basically if you are flying halfway on the<00:18:04.840> plane<00:18:05.600> you<00:18:05.799> had<00:18:05.919> to<00:18:06.120> change<00:18:06.360> your 00:18:06.510 --> 00:18:06.520 align:start position:0% the plane you had to change your 00:18:06.520 --> 00:18:09.310 align:start position:0% the plane you had to change your monetary<00:18:07.240> system<00:18:08.240> right<00:18:08.640> like<00:18:08.840> I<00:18:08.919> think<00:18:09.080> we'll 00:18:09.310 --> 00:18:09.320 align:start position:0% monetary system right like I think we'll 00:18:09.320 --> 00:18:10.950 align:start position:0% monetary system right like I think we'll probably<00:18:09.600> all<00:18:09.799> drop<00:18:10.120> everything<00:18:10.440> and<00:18:10.600> work<00:18:10.840> on 00:18:10.950 --> 00:18:10.960 align:start position:0% probably all drop everything and work on 00:18:10.960 --> 00:18:13.510 align:start position:0% probably all drop everything and work on solving<00:18:11.360> that<00:18:11.559> problem<00:18:12.120> right<00:18:13.120> that's<00:18:13.320> the 00:18:13.510 --> 00:18:13.520 align:start position:0% solving that problem right that's the 00:18:13.520 --> 00:18:14.950 align:start position:0% solving that problem right that's the problem<00:18:13.760> that<00:18:13.840> we're<00:18:14.000> trying<00:18:14.159> to<00:18:14.280> solve<00:18:14.720> from 00:18:14.950 --> 00:18:14.960 align:start position:0% problem that we're trying to solve from 00:18:14.960 --> 00:18:16.950 align:start position:0% problem that we're trying to solve from financial<00:18:15.400> application<00:18:16.039> perspective<00:18:16.559> across 00:18:16.950 --> 00:18:16.960 align:start position:0% financial application perspective across 00:18:16.960 --> 00:18:18.750 align:start position:0% financial application perspective across Africa<00:18:17.679> and<00:18:17.799> the<00:18:17.919> reason<00:18:18.200> why<00:18:18.320> we<00:18:18.520> keep 00:18:18.750 --> 00:18:18.760 align:start position:0% Africa and the reason why we keep 00:18:18.760 --> 00:18:22.070 align:start position:0% Africa and the reason why we keep focusing<00:18:19.240> on<00:18:19.360> it<00:18:19.559> a<00:18:19.679> lot<00:18:19.960> is<00:18:20.360> because<00:18:21.360> it<00:18:21.559> is 00:18:22.070 --> 00:18:22.080 align:start position:0% focusing on it a lot is because it is 00:18:22.080 --> 00:18:24.750 align:start position:0% focusing on it a lot is because it is like<00:18:22.919> where<00:18:23.159> is<00:18:23.360> it's<00:18:23.559> like<00:18:23.880> the<00:18:24.200> the<00:18:24.400> the<00:18:24.600> the 00:18:24.750 --> 00:18:24.760 align:start position:0% like where is it's like the the the the 00:18:24.760 --> 00:18:27.390 align:start position:0% like where is it's like the the the the the<00:18:24.919> train<00:18:25.640> tracks<00:18:26.320> as<00:18:26.400> you<00:18:26.600> put<00:18:26.760> it<00:18:27.200> that 00:18:27.390 --> 00:18:27.400 align:start position:0% the train tracks as you put it that 00:18:27.400 --> 00:18:29.590 align:start position:0% the train tracks as you put it that connects<00:18:28.159> the<00:18:28.320> foundation<00:18:28.960> of<00:18:29.080> a<00:18:29.159> lot<00:18:29.280> of<00:18:29.400> our 00:18:29.590 --> 00:18:29.600 align:start position:0% connects the foundation of a lot of our 00:18:29.600 --> 00:18:31.630 align:start position:0% connects the foundation of a lot of our economies<00:18:30.039> and<00:18:30.320> once<00:18:30.840> we<00:18:31.000> have<00:18:31.159> a<00:18:31.320> better 00:18:31.630 --> 00:18:31.640 align:start position:0% economies and once we have a better 00:18:31.640 --> 00:18:33.390 align:start position:0% economies and once we have a better infrastructure<00:18:32.440> there<00:18:32.799> we<00:18:32.919> can<00:18:33.039> build<00:18:33.240> a 00:18:33.390 --> 00:18:33.400 align:start position:0% infrastructure there we can build a 00:18:33.400 --> 00:18:35.350 align:start position:0% infrastructure there we can build a whole<00:18:33.640> lot<00:18:33.760> of<00:18:33.919> things<00:18:34.159> on<00:18:34.360> top<00:18:34.520> of<00:18:34.679> that<00:18:35.200> but 00:18:35.350 --> 00:18:35.360 align:start position:0% whole lot of things on top of that but 00:18:35.360 --> 00:18:37.270 align:start position:0% whole lot of things on top of that but we<00:18:35.559> keep<00:18:35.799> coming<00:18:36.120> back<00:18:36.240> to<00:18:36.400> the<00:18:36.520> base<00:18:36.840> layer 00:18:37.270 --> 00:18:37.280 align:start position:0% we keep coming back to the base layer 00:18:37.280 --> 00:18:39.950 align:start position:0% we keep coming back to the base layer which<00:18:37.440> is<00:18:37.799> transfer<00:18:38.240> of<00:18:38.480> value<00:18:39.200> is<00:18:39.480> because 00:18:39.950 --> 00:18:39.960 align:start position:0% which is transfer of value is because 00:18:39.960 --> 00:18:42.110 align:start position:0% which is transfer of value is because there's<00:18:40.360> fundamental<00:18:41.080> problems 00:18:42.110 --> 00:18:42.120 align:start position:0% there's fundamental problems 00:18:42.120 --> 00:18:45.149 align:start position:0% there's fundamental problems there<00:18:43.120> and<00:18:43.320> and<00:18:43.440> over<00:18:43.679> to<00:18:43.840> you<00:18:44.039> y<00:18:44.360> on<00:18:44.480> that<00:18:44.679> like 00:18:45.149 --> 00:18:45.159 align:start position:0% there and and over to you y on that like 00:18:45.159 --> 00:18:48.990 align:start position:0% there and and over to you y on that like the<00:18:45.360> onboard<00:18:45.880> vision<00:18:46.679> is<00:18:47.679> building<00:18:48.440> a<00:18:48.679> fully 00:18:48.990 --> 00:18:49.000 align:start position:0% the onboard vision is building a fully 00:18:49.000 --> 00:18:51.390 align:start position:0% the onboard vision is building a fully onchain<00:18:49.600> life<00:18:50.280> and<00:18:50.400> I'll<00:18:50.640> just<00:18:50.799> love<00:18:51.000> to 00:18:51.390 --> 00:18:51.400 align:start position:0% onchain life and I'll just love to 00:18:51.400 --> 00:18:53.669 align:start position:0% onchain life and I'll just love to understand<00:18:51.520> a<00:18:51.640> bit<00:18:51.840> of<00:18:52.760> how<00:18:52.840> did<00:18:53.000> you<00:18:53.159> get<00:18:53.360> to 00:18:53.669 --> 00:18:53.679 align:start position:0% understand a bit of how did you get to 00:18:53.679 --> 00:18:55.990 align:start position:0% understand a bit of how did you get to that<00:18:54.039> place<00:18:54.400> and<00:18:55.080> what<00:18:55.200> is<00:18:55.360> a<00:18:55.600> what<00:18:55.720> does<00:18:55.880> the 00:18:55.990 --> 00:18:56.000 align:start position:0% that place and what is a what does the 00:18:56.000 --> 00:18:58.310 align:start position:0% that place and what is a what does the world<00:18:56.400> look<00:18:56.679> like<00:18:57.400> when<00:18:57.640> once<00:18:57.840> we<00:18:58.039> fully 00:18:58.310 --> 00:18:58.320 align:start position:0% world look like when once we fully 00:18:58.320 --> 00:19:00.390 align:start position:0% world look like when once we fully realize<00:18:58.880> that 00:19:00.390 --> 00:19:00.400 align:start position:0% realize that 00:19:00.400 --> 00:19:03.590 align:start position:0% realize that Vision<00:19:01.400> yeah<00:19:02.039> um<00:19:02.320> I<00:19:02.440> really<00:19:02.640> loved<00:19:03.360> the 00:19:03.590 --> 00:19:03.600 align:start position:0% Vision yeah um I really loved the 00:19:03.600 --> 00:19:06.549 align:start position:0% Vision yeah um I really loved the example<00:19:04.000> you<00:19:04.200> gave<00:19:04.400> of<00:19:04.880> like<00:19:05.880> the<00:19:06.080> US<00:19:06.360> and 00:19:06.549 --> 00:19:06.559 align:start position:0% example you gave of like the US and 00:19:06.559 --> 00:19:08.590 align:start position:0% example you gave of like the US and Texas<00:19:07.080> and<00:19:07.559> all<00:19:07.799> that<00:19:08.000> I<00:19:08.080> think<00:19:08.200> it<00:19:08.320> really 00:19:08.590 --> 00:19:08.600 align:start position:0% Texas and all that I think it really 00:19:08.600 --> 00:19:12.710 align:start position:0% Texas and all that I think it really does<00:19:10.039> help<00:19:11.039> understand<00:19:11.919> you<00:19:12.039> know<00:19:12.320> what's 00:19:12.710 --> 00:19:12.720 align:start position:0% does help understand you know what's 00:19:12.720 --> 00:19:16.789 align:start position:0% does help understand you know what's happening<00:19:13.039> on<00:19:13.159> the<00:19:13.320> ground<00:19:13.640> in<00:19:14.000> in<00:19:14.320> Africa<00:19:15.799> um 00:19:16.789 --> 00:19:16.799 align:start position:0% happening on the ground in in Africa um 00:19:16.799 --> 00:19:18.950 align:start position:0% happening on the ground in in Africa um like<00:19:16.960> I<00:19:17.039> said<00:19:17.240> earlier<00:19:17.679> Talent<00:19:18.080> is<00:19:18.520> eily 00:19:18.950 --> 00:19:18.960 align:start position:0% like I said earlier Talent is eily 00:19:18.960 --> 00:19:20.990 align:start position:0% like I said earlier Talent is eily distributed<00:19:19.520> but<00:19:19.720> opportunity<00:19:20.240> is 00:19:20.990 --> 00:19:21.000 align:start position:0% distributed but opportunity is 00:19:21.000 --> 00:19:25.350 align:start position:0% distributed but opportunity is not<00:19:22.000> and<00:19:22.880> I<00:19:23.000> think<00:19:23.400> that<00:19:24.159> when<00:19:24.480> we<00:19:24.799> talk<00:19:25.080> about 00:19:25.350 --> 00:19:25.360 align:start position:0% not and I think that when we talk about 00:19:25.360 --> 00:19:29.470 align:start position:0% not and I think that when we talk about this<00:19:25.679> idea<00:19:26.120> of<00:19:26.280> a<00:19:27.280> global<00:19:28.000> onchain<00:19:28.480> e 00:19:29.470 --> 00:19:29.480 align:start position:0% this idea of a global onchain e 00:19:29.480 --> 00:19:32.950 align:start position:0% this idea of a global onchain e economy<00:19:30.480> what<00:19:30.640> is<00:19:31.520> powerful<00:19:31.960> about<00:19:32.200> that<00:19:32.440> idea 00:19:32.950 --> 00:19:32.960 align:start position:0% economy what is powerful about that idea 00:19:32.960 --> 00:19:37.190 align:start position:0% economy what is powerful about that idea is<00:19:33.280> that<00:19:34.320> it<00:19:35.320> makes<00:19:36.320> it<00:19:36.440> doesn't<00:19:36.760> make<00:19:36.919> your 00:19:37.190 --> 00:19:37.200 align:start position:0% is that it makes it doesn't make your 00:19:37.200 --> 00:19:40.350 align:start position:0% is that it makes it doesn't make your geography<00:19:38.200> determine<00:19:39.080> the<00:19:39.280> quality<00:19:39.720> of<00:19:39.880> your 00:19:40.350 --> 00:19:40.360 align:start position:0% geography determine the quality of your 00:19:40.360 --> 00:19:44.510 align:start position:0% geography determine the quality of your life<00:19:41.360> right<00:19:41.559> we<00:19:41.679> want<00:19:41.799> to<00:19:42.039> make<00:19:42.880> your<00:19:43.240> location 00:19:44.510 --> 00:19:44.520 align:start position:0% life right we want to make your location 00:19:44.520 --> 00:19:47.230 align:start position:0% life right we want to make your location Irrelevant<00:19:45.520> in<00:19:45.679> terms<00:19:45.960> of<00:19:46.200> the<00:19:46.360> opportunities 00:19:47.230 --> 00:19:47.240 align:start position:0% Irrelevant in terms of the opportunities 00:19:47.240 --> 00:19:49.630 align:start position:0% Irrelevant in terms of the opportunities that<00:19:47.400> you<00:19:47.520> have<00:19:47.760> access<00:19:48.080> to<00:19:48.440> in<00:19:48.600> terms<00:19:48.919> of<00:19:49.480> the 00:19:49.630 --> 00:19:49.640 align:start position:0% that you have access to in terms of the 00:19:49.640 --> 00:19:51.270 align:start position:0% that you have access to in terms of the quality<00:19:50.000> of<00:19:50.240> financial<00:19:50.679> services<00:19:51.080> that<00:19:51.159> I 00:19:51.270 --> 00:19:51.280 align:start position:0% quality of financial services that I 00:19:51.280 --> 00:19:54.310 align:start position:0% quality of financial services that I have<00:19:51.480> access<00:19:51.919> to<00:19:52.919> um<00:19:53.120> and<00:19:53.280> really<00:19:53.559> building<00:19:54.120> an 00:19:54.310 --> 00:19:54.320 align:start position:0% have access to um and really building an 00:19:54.320 --> 00:19:57.510 align:start position:0% have access to um and really building an economy<00:19:54.840> that<00:19:55.000> is<00:19:55.559> open<00:19:56.559> that<00:19:56.720> is<00:19:56.919> transparent 00:19:57.510 --> 00:19:57.520 align:start position:0% economy that is open that is transparent 00:19:57.520 --> 00:19:59.470 align:start position:0% economy that is open that is transparent and<00:19:57.640> is<00:19:57.760> meritocratic 00:19:59.470 --> 00:19:59.480 align:start position:0% and is meritocratic 00:19:59.480 --> 00:20:01.669 align:start position:0% and is meritocratic um<00:19:59.720> we<00:19:59.919> actually<00:20:00.159> live<00:20:00.360> in<00:20:00.520> the<00:20:00.679> world<00:20:00.880> of 00:20:01.669 --> 00:20:01.679 align:start position:0% um we actually live in the world of 00:20:01.679 --> 00:20:04.710 align:start position:0% um we actually live in the world of abundance<00:20:02.679> right<00:20:02.960> it's<00:20:03.159> just<00:20:03.400> that<00:20:03.919> you<00:20:04.039> know 00:20:04.710 --> 00:20:04.720 align:start position:0% abundance right it's just that you know 00:20:04.720 --> 00:20:09.110 align:start position:0% abundance right it's just that you know that<00:20:04.960> abundance<00:20:05.600> is<00:20:06.080> not<00:20:07.080> um<00:20:07.480> freely<00:20:08.120> spread 00:20:09.110 --> 00:20:09.120 align:start position:0% that abundance is not um freely spread 00:20:09.120 --> 00:20:11.190 align:start position:0% that abundance is not um freely spread and<00:20:09.480> that's<00:20:09.679> why<00:20:09.840> you<00:20:10.039> have<00:20:10.240> so<00:20:10.440> many<00:20:10.760> people 00:20:11.190 --> 00:20:11.200 align:start position:0% and that's why you have so many people 00:20:11.200 --> 00:20:13.990 align:start position:0% and that's why you have so many people in<00:20:11.520> in<00:20:11.799> in<00:20:12.039> in<00:20:12.159> in<00:20:12.320> poverty<00:20:12.799> and<00:20:13.440> we<00:20:13.600> know<00:20:13.880> the 00:20:13.990 --> 00:20:14.000 align:start position:0% in in in in in poverty and we know the 00:20:14.000 --> 00:20:15.630 align:start position:0% in in in in in poverty and we know the reason<00:20:14.240> why<00:20:14.360> we<00:20:14.480> all 00:20:15.630 --> 00:20:15.640 align:start position:0% reason why we all 00:20:15.640 --> 00:20:18.510 align:start position:0% reason why we all feel<00:20:16.640> upset<00:20:17.120> and<00:20:17.320> unhappy<00:20:17.880> about<00:20:18.120> the<00:20:18.280> state 00:20:18.510 --> 00:20:18.520 align:start position:0% feel upset and unhappy about the state 00:20:18.520 --> 00:20:20.390 align:start position:0% feel upset and unhappy about the state of<00:20:18.640> the<00:20:18.760> world<00:20:19.039> today<00:20:19.520> is<00:20:19.720> because<00:20:19.960> we<00:20:20.120> know 00:20:20.390 --> 00:20:20.400 align:start position:0% of the world today is because we know 00:20:20.400 --> 00:20:22.350 align:start position:0% of the world today is because we know that<00:20:20.559> the<00:20:20.720> current<00:20:21.159> system<00:20:21.720> just<00:20:21.960> doesn't 00:20:22.350 --> 00:20:22.360 align:start position:0% that the current system just doesn't 00:20:22.360 --> 00:20:26.510 align:start position:0% that the current system just doesn't work<00:20:22.919> a<00:20:23.000> lot<00:20:23.159> of<00:20:23.320> people<00:20:23.559> don't<00:20:24.400> have<00:20:25.400> um<00:20:26.320> sort 00:20:26.510 --> 00:20:26.520 align:start position:0% work a lot of people don't have um sort 00:20:26.520 --> 00:20:28.830 align:start position:0% work a lot of people don't have um sort of<00:20:27.000> their<00:20:27.240> fair<00:20:27.559> share<00:20:27.919> or<00:20:28.080> don't<00:20:28.240> feel<00:20:28.480> like 00:20:28.830 --> 00:20:28.840 align:start position:0% of their fair share or don't feel like 00:20:28.840 --> 00:20:32.230 align:start position:0% of their fair share or don't feel like they<00:20:29.039> have<00:20:29.799> agency<00:20:30.799> about<00:20:31.159> how<00:20:31.360> to<00:20:31.600> change<00:20:32.000> and 00:20:32.230 --> 00:20:32.240 align:start position:0% they have agency about how to change and 00:20:32.240 --> 00:20:34.070 align:start position:0% they have agency about how to change and improve<00:20:32.640> their<00:20:32.919> lives<00:20:33.360> and<00:20:33.480> this<00:20:33.600> is<00:20:33.760> kind<00:20:33.919> of 00:20:34.070 --> 00:20:34.080 align:start position:0% improve their lives and this is kind of 00:20:34.080 --> 00:20:35.510 align:start position:0% improve their lives and this is kind of like<00:20:34.280> what<00:20:34.360> is<00:20:34.559> creating<00:20:35.000> a<00:20:35.080> lot<00:20:35.240> of<00:20:35.320> the 00:20:35.510 --> 00:20:35.520 align:start position:0% like what is creating a lot of the 00:20:35.520 --> 00:20:37.630 align:start position:0% like what is creating a lot of the divisions<00:20:36.080> and<00:20:36.840> uncertainty<00:20:37.480> and 00:20:37.630 --> 00:20:37.640 align:start position:0% divisions and uncertainty and 00:20:37.640 --> 00:20:39.430 align:start position:0% divisions and uncertainty and unhappiness<00:20:38.559> regardless<00:20:39.000> of<00:20:39.120> where<00:20:39.240> people 00:20:39.430 --> 00:20:39.440 align:start position:0% unhappiness regardless of where people 00:20:39.440 --> 00:20:43.990 align:start position:0% unhappiness regardless of where people are<00:20:39.799> from<00:20:40.799> and<00:20:41.120> so<00:20:42.120> to<00:20:42.320> me<00:20:42.720> the<00:20:43.039> the<00:20:43.559> the<00:20:43.720> idea 00:20:43.990 --> 00:20:44.000 align:start position:0% are from and so to me the the the idea 00:20:44.000 --> 00:20:46.590 align:start position:0% are from and so to me the the the idea of<00:20:44.080> an<00:20:44.200> unin<00:20:44.640> economy<00:20:45.080> I<00:20:45.240> know<00:20:45.480> you<00:20:45.600> know<00:20:46.280> some 00:20:46.590 --> 00:20:46.600 align:start position:0% of an unin economy I know you know some 00:20:46.600 --> 00:20:48.590 align:start position:0% of an unin economy I know you know some like<00:20:46.720> lamos<00:20:47.240> says<00:20:47.440> he<00:20:47.559> wants<00:20:47.760> to<00:20:47.960> take 00:20:48.590 --> 00:20:48.600 align:start position:0% like lamos says he wants to take 00:20:48.600 --> 00:20:50.190 align:start position:0% like lamos says he wants to take Humanity<00:20:49.000> to<00:20:49.200> Mars<00:20:49.559> and<00:20:49.679> that's<00:20:49.880> like<00:20:50.000> an 00:20:50.190 --> 00:20:50.200 align:start position:0% Humanity to Mars and that's like an 00:20:50.200 --> 00:20:52.070 align:start position:0% Humanity to Mars and that's like an ambitious<00:20:50.880> vision<00:20:51.240> and<00:20:51.360> it's<00:20:51.600> like<00:20:51.919> okay 00:20:52.070 --> 00:20:52.080 align:start position:0% ambitious vision and it's like okay 00:20:52.080 --> 00:20:53.510 align:start position:0% ambitious vision and it's like okay we're<00:20:52.200> going<00:20:52.320> to<00:20:52.480> have<00:20:52.760> rocket<00:20:53.080> ships<00:20:53.400> that 00:20:53.510 --> 00:20:53.520 align:start position:0% we're going to have rocket ships that 00:20:53.520 --> 00:20:55.710 align:start position:0% we're going to have rocket ships that would<00:20:53.720> take<00:20:54.440> everybody<00:20:54.799> to<00:20:55.039> Mars<00:20:55.320> and<00:20:55.440> I<00:20:55.559> think 00:20:55.710 --> 00:20:55.720 align:start position:0% would take everybody to Mars and I think 00:20:55.720 --> 00:20:58.990 align:start position:0% would take everybody to Mars and I think like<00:20:55.960> that's<00:20:56.320> that's<00:20:56.760> amazing<00:20:57.760> but<00:20:58.720> what<00:20:58.880> if 00:20:58.990 --> 00:20:59.000 align:start position:0% like that's that's amazing but what if 00:20:59.000 --> 00:21:01.630 align:start position:0% like that's that's amazing but what if you<00:20:59.159> just<00:20:59.400> build<00:20:59.760> an<00:21:00.039> actual<00:21:00.600> onchain<00:21:01.159> economy 00:21:01.630 --> 00:21:01.640 align:start position:0% you just build an actual onchain economy 00:21:01.640 --> 00:21:04.549 align:start position:0% you just build an actual onchain economy that<00:21:01.799> is<00:21:02.360> better<00:21:02.720> than<00:21:03.000> what<00:21:03.159> we<00:21:03.360> have<00:21:03.559> today 00:21:04.549 --> 00:21:04.559 align:start position:0% that is better than what we have today 00:21:04.559 --> 00:21:07.230 align:start position:0% that is better than what we have today right<00:21:05.240> and<00:21:06.240> you<00:21:06.400> know<00:21:06.640> for<00:21:06.760> instance<00:21:07.039> I'll 00:21:07.230 --> 00:21:07.240 align:start position:0% right and you know for instance I'll 00:21:07.240 --> 00:21:08.310 align:start position:0% right and you know for instance I'll give<00:21:07.360> you<00:21:07.480> an 00:21:08.310 --> 00:21:08.320 align:start position:0% give you an 00:21:08.320 --> 00:21:11.950 align:start position:0% give you an example<00:21:09.720> um<00:21:10.720> I<00:21:10.799> haven't<00:21:11.039> said<00:21:11.279> this<00:21:11.480> publicly 00:21:11.950 --> 00:21:11.960 align:start position:0% example um I haven't said this publicly 00:21:11.960 --> 00:21:14.029 align:start position:0% example um I haven't said this publicly but<00:21:12.120> I<00:21:12.240> feel<00:21:12.720> a<00:21:12.840> bit<00:21:13.080> comfortable<00:21:13.520> saying<00:21:13.840> this 00:21:14.029 --> 00:21:14.039 align:start position:0% but I feel a bit comfortable saying this 00:21:14.039 --> 00:21:16.070 align:start position:0% but I feel a bit comfortable saying this now<00:21:14.320> like<00:21:15.039> my 00:21:16.070 --> 00:21:16.080 align:start position:0% now like my 00:21:16.080 --> 00:21:19.190 align:start position:0% now like my personal<00:21:17.080> um<00:21:17.559> accounts<00:21:18.080> were<00:21:18.520> were<00:21:18.720> were 00:21:19.190 --> 00:21:19.200 align:start position:0% personal um accounts were were were 00:21:19.200 --> 00:21:21.990 align:start position:0% personal um accounts were were were blocked<00:21:20.200> um<00:21:20.960> over<00:21:21.200> the<00:21:21.360> last<00:21:21.600> couple<00:21:21.799> of 00:21:21.990 --> 00:21:22.000 align:start position:0% blocked um over the last couple of 00:21:22.000 --> 00:21:23.990 align:start position:0% blocked um over the last couple of months<00:21:22.720> right<00:21:22.880> and<00:21:23.000> if<00:21:23.120> there<00:21:23.240> wasn't<00:21:23.520> any 00:21:23.990 --> 00:21:24.000 align:start position:0% months right and if there wasn't any 00:21:24.000 --> 00:21:27.750 align:start position:0% months right and if there wasn't any crypto<00:21:25.000> I<00:21:25.120> would<00:21:25.279> have<00:21:25.480> been<00:21:26.520> really<00:21:27.520> been<00:21:27.679> in 00:21:27.750 --> 00:21:27.760 align:start position:0% crypto I would have been really been in 00:21:27.760 --> 00:21:29.149 align:start position:0% crypto I would have been really been in a<00:21:27.919> very<00:21:28.120> bad<00:21:28.320> place 00:21:29.149 --> 00:21:29.159 align:start position:0% a very bad place 00:21:29.159 --> 00:21:31.669 align:start position:0% a very bad place right<00:21:29.360> so<00:21:30.080> the<00:21:30.240> fact<00:21:30.440> that<00:21:30.640> I<00:21:30.880> had<00:21:31.240> stable 00:21:31.669 --> 00:21:31.679 align:start position:0% right so the fact that I had stable 00:21:31.679 --> 00:21:35.070 align:start position:0% right so the fact that I had stable coins<00:21:32.080> and<00:21:32.320> I<00:21:32.640> had<00:21:32.880> my<00:21:33.360> keys<00:21:34.360> gave<00:21:34.559> me<00:21:34.799> that 00:21:35.070 --> 00:21:35.080 align:start position:0% coins and I had my keys gave me that 00:21:35.080 --> 00:21:38.269 align:start position:0% coins and I had my keys gave me that agency<00:21:35.640> and<00:21:35.880> gave<00:21:36.039> me<00:21:36.159> that<00:21:36.320> freedom<00:21:36.760> of<00:21:37.279> money 00:21:38.269 --> 00:21:38.279 align:start position:0% agency and gave me that freedom of money 00:21:38.279 --> 00:21:40.269 align:start position:0% agency and gave me that freedom of money that<00:21:39.039> it<00:21:39.159> doesn't<00:21:39.440> matter<00:21:39.679> where<00:21:39.840> I'm<00:21:40.000> from 00:21:40.269 --> 00:21:40.279 align:start position:0% that it doesn't matter where I'm from 00:21:40.279 --> 00:21:42.029 align:start position:0% that it doesn't matter where I'm from and<00:21:40.440> even<00:21:40.640> if<00:21:40.840> I<00:21:41.080> you<00:21:41.159> know<00:21:41.279> I've<00:21:41.440> been<00:21:41.840> in 00:21:42.029 --> 00:21:42.039 align:start position:0% and even if I you know I've been in 00:21:42.039 --> 00:21:44.190 align:start position:0% and even if I you know I've been in Thailand<00:21:42.440> for<00:21:42.559> the<00:21:42.679> last<00:21:42.880> couple<00:21:43.080> of<00:21:43.240> weeks 00:21:44.190 --> 00:21:44.200 align:start position:0% Thailand for the last couple of weeks 00:21:44.200 --> 00:21:46.110 align:start position:0% Thailand for the last couple of weeks I've<00:21:44.360> been<00:21:44.640> spending<00:21:45.039> my<00:21:45.159> stable<00:21:45.640> coins<00:21:46.000> with 00:21:46.110 --> 00:21:46.120 align:start position:0% I've been spending my stable coins with 00:21:46.120 --> 00:21:49.549 align:start position:0% I've been spending my stable coins with a<00:21:46.360> with<00:21:46.480> a<00:21:46.679> with<00:21:46.799> a<00:21:47.120> card<00:21:48.120> to<00:21:48.400> pay<00:21:48.559> for<00:21:48.880> grab<00:21:49.240> and 00:21:49.549 --> 00:21:49.559 align:start position:0% a with a with a card to pay for grab and 00:21:49.559 --> 00:21:51.230 align:start position:0% a with a with a card to pay for grab and jumping<00:21:49.919> on<00:21:50.120> motorcycle<00:21:50.679> taxes<00:21:51.000> that<00:21:51.080> I've 00:21:51.230 --> 00:21:51.240 align:start position:0% jumping on motorcycle taxes that I've 00:21:51.240 --> 00:21:54.070 align:start position:0% jumping on motorcycle taxes that I've never<00:21:51.440> entered<00:21:51.880> before<00:21:52.840> when<00:21:53.000> I<00:21:53.159> go<00:21:53.400> to<00:21:53.559> the<00:21:53.720> US 00:21:54.070 --> 00:21:54.080 align:start position:0% never entered before when I go to the US 00:21:54.080 --> 00:21:56.110 align:start position:0% never entered before when I go to the US it's<00:21:54.279> the<00:21:54.400> same<00:21:54.640> thing<00:21:54.799> on<00:21:55.000> Uber<00:21:55.840> when<00:21:55.960> I 00:21:56.110 --> 00:21:56.120 align:start position:0% it's the same thing on Uber when I 00:21:56.120 --> 00:21:58.230 align:start position:0% it's the same thing on Uber when I traveled<00:21:56.600> when<00:21:56.679> I<00:21:56.799> went<00:21:56.919> to<00:21:57.159> e<00:21:57.640> um<00:21:57.760> Brussels 00:21:58.230 --> 00:21:58.240 align:start position:0% traveled when I went to e um Brussels 00:21:58.240 --> 00:22:00.909 align:start position:0% traveled when I went to e um Brussels was<00:21:58.320> the<00:21:58.400> same<00:21:58.640> same<00:21:58.840> thing<00:21:59.200> so<00:22:00.200> when<00:22:00.559> when<00:22:00.679> an 00:22:00.909 --> 00:22:00.919 align:start position:0% was the same same thing so when when an 00:22:00.919 --> 00:22:04.230 align:start position:0% was the same same thing so when when an individual<00:22:01.919> has<00:22:02.240> control<00:22:02.640> over<00:22:02.840> their<00:22:03.240> money 00:22:04.230 --> 00:22:04.240 align:start position:0% individual has control over their money 00:22:04.240 --> 00:22:05.430 align:start position:0% individual has control over their money and<00:22:04.440> is<00:22:04.559> on 00:22:05.430 --> 00:22:05.440 align:start position:0% and is on 00:22:05.440 --> 00:22:08.470 align:start position:0% and is on chain<00:22:06.440> you<00:22:06.600> know<00:22:07.279> it<00:22:07.400> doesn't<00:22:07.679> matter<00:22:08.080> sort<00:22:08.240> of 00:22:08.470 --> 00:22:08.480 align:start position:0% chain you know it doesn't matter sort of 00:22:08.480 --> 00:22:10.710 align:start position:0% chain you know it doesn't matter sort of where<00:22:08.760> they<00:22:08.880> are<00:22:09.400> they<00:22:09.520> can<00:22:09.760> move<00:22:10.279> spend 00:22:10.710 --> 00:22:10.720 align:start position:0% where they are they can move spend 00:22:10.720 --> 00:22:13.470 align:start position:0% where they are they can move spend freely<00:22:11.240> build<00:22:11.520> their<00:22:11.679> onch<00:22:12.360> reputation<00:22:13.360> you 00:22:13.470 --> 00:22:13.480 align:start position:0% freely build their onch reputation you 00:22:13.480 --> 00:22:15.430 align:start position:0% freely build their onch reputation you know<00:22:13.559> a<00:22:13.679> lot<00:22:13.799> of<00:22:13.919> people<00:22:14.080> in<00:22:14.240> imer<00:22:14.679> markets 00:22:15.430 --> 00:22:15.440 align:start position:0% know a lot of people in imer markets 00:22:15.440 --> 00:22:19.149 align:start position:0% know a lot of people in imer markets don't<00:22:15.960> have<00:22:16.919> a<00:22:17.120> credit<00:22:17.480> score<00:22:18.400> right<00:22:18.640> imagine 00:22:19.149 --> 00:22:19.159 align:start position:0% don't have a credit score right imagine 00:22:19.159 --> 00:22:23.029 align:start position:0% don't have a credit score right imagine if<00:22:19.880> in<00:22:20.039> the<00:22:20.240> US<00:22:20.600> or<00:22:20.799> in<00:22:21.039> Europe<00:22:22.039> for<00:22:22.200> you<00:22:22.320> to<00:22:22.640> buy 00:22:23.029 --> 00:22:23.039 align:start position:0% if in the US or in Europe for you to buy 00:22:23.039 --> 00:22:25.950 align:start position:0% if in the US or in Europe for you to buy a<00:22:23.240> phone<00:22:24.080> you<00:22:24.240> had<00:22:24.400> to<00:22:24.600> pay<00:22:24.760> for<00:22:24.960> it<00:22:25.279> upfront<00:22:25.760> at 00:22:25.950 --> 00:22:25.960 align:start position:0% a phone you had to pay for it upfront at 00:22:25.960 --> 00:22:28.590 align:start position:0% a phone you had to pay for it upfront at once<00:22:26.960> if<00:22:27.039> you<00:22:27.159> wanted<00:22:27.400> to<00:22:27.559> get<00:22:27.720> a<00:22:28.000> house<00:22:28.520> you 00:22:28.590 --> 00:22:28.600 align:start position:0% once if you wanted to get a house you 00:22:28.600 --> 00:22:30.230 align:start position:0% once if you wanted to get a house you have<00:22:28.720> to<00:22:28.840> pay<00:22:29.000> for<00:22:29.120> it<00:22:29.279> offering<00:22:29.600> at<00:22:29.760> once<00:22:30.039> when 00:22:30.230 --> 00:22:30.240 align:start position:0% have to pay for it offering at once when 00:22:30.240 --> 00:22:32.710 align:start position:0% have to pay for it offering at once when to<00:22:30.360> go<00:22:30.480> to<00:22:30.760> university<00:22:31.760> before<00:22:32.039> it<00:22:32.159> offering 00:22:32.710 --> 00:22:32.720 align:start position:0% to go to university before it offering 00:22:32.720 --> 00:22:34.909 align:start position:0% to go to university before it offering at<00:22:32.880> once<00:22:33.559> so<00:22:33.799> actually<00:22:34.120> in<00:22:34.200> a<00:22:34.320> lot<00:22:34.440> of<00:22:34.600> global 00:22:34.909 --> 00:22:34.919 align:start position:0% at once so actually in a lot of global 00:22:34.919 --> 00:22:37.230 align:start position:0% at once so actually in a lot of global majority<00:22:35.559> markets<00:22:36.559> it's<00:22:36.679> not<00:22:36.880> that<00:22:37.039> people 00:22:37.230 --> 00:22:37.240 align:start position:0% majority markets it's not that people 00:22:37.240 --> 00:22:40.070 align:start position:0% majority markets it's not that people are<00:22:37.840> poor<00:22:38.840> it's<00:22:39.039> the<00:22:39.200> fact<00:22:39.400> that<00:22:39.520> they<00:22:39.679> cannot 00:22:40.070 --> 00:22:40.080 align:start position:0% are poor it's the fact that they cannot 00:22:40.080 --> 00:22:43.310 align:start position:0% are poor it's the fact that they cannot actually<00:22:40.480> leverage<00:22:41.480> their<00:22:42.080> reputation<00:22:43.080> to 00:22:43.310 --> 00:22:43.320 align:start position:0% actually leverage their reputation to 00:22:43.320 --> 00:22:45.390 align:start position:0% actually leverage their reputation to get<00:22:43.640> access<00:22:43.919> to<00:22:44.159> Capital<00:22:44.600> to<00:22:44.799> build<00:22:45.120> future 00:22:45.390 --> 00:22:45.400 align:start position:0% get access to Capital to build future 00:22:45.400 --> 00:22:48.549 align:start position:0% get access to Capital to build future for<00:22:45.720> themselves<00:22:46.679> right<00:22:46.880> and<00:22:47.039> so<00:22:47.960> to<00:22:48.159> me<00:22:48.440> the 00:22:48.549 --> 00:22:48.559 align:start position:0% for themselves right and so to me the 00:22:48.559 --> 00:22:52.269 align:start position:0% for themselves right and so to me the ENT<00:22:49.080> economy<00:22:49.799> is<00:22:50.679> giving<00:22:51.320> everybody<00:22:51.960> access 00:22:52.269 --> 00:22:52.279 align:start position:0% ENT economy is giving everybody access 00:22:52.279 --> 00:22:55.390 align:start position:0% ENT economy is giving everybody access to<00:22:52.480> the<00:22:52.679> same<00:22:53.400> Global<00:22:53.960> World<00:22:54.360> Class<00:22:54.640> Financial 00:22:55.390 --> 00:22:55.400 align:start position:0% to the same Global World Class Financial 00:22:55.400 --> 00:22:58.510 align:start position:0% to the same Global World Class Financial Services<00:22:56.400> giving<00:22:56.760> everybody<00:22:57.559> control<00:22:58.159> and 00:22:58.510 --> 00:22:58.520 align:start position:0% Services giving everybody control and 00:22:58.520 --> 00:23:01.070 align:start position:0% Services giving everybody control and freedom<00:22:58.799> of<00:22:58.919> their<00:22:59.080> money<00:23:00.000> giving<00:23:00.360> everybody 00:23:01.070 --> 00:23:01.080 align:start position:0% freedom of their money giving everybody 00:23:01.080 --> 00:23:04.630 align:start position:0% freedom of their money giving everybody control<00:23:02.080> of<00:23:02.400> their<00:23:02.840> own<00:23:03.840> unchaining 00:23:04.630 --> 00:23:04.640 align:start position:0% control of their own unchaining 00:23:04.640 --> 00:23:06.950 align:start position:0% control of their own unchaining reputation<00:23:05.640> think<00:23:05.880> about<00:23:06.120> it<00:23:06.320> as<00:23:06.480> a<00:23:06.640> credit 00:23:06.950 --> 00:23:06.960 align:start position:0% reputation think about it as a credit 00:23:06.960 --> 00:23:10.590 align:start position:0% reputation think about it as a credit score<00:23:07.880> that<00:23:08.080> then<00:23:08.279> truly<00:23:09.159> unlocks<00:23:10.159> a<00:23:10.320> whole 00:23:10.590 --> 00:23:10.600 align:start position:0% score that then truly unlocks a whole 00:23:10.600 --> 00:23:11.830 align:start position:0% score that then truly unlocks a whole host<00:23:10.960> of 00:23:11.830 --> 00:23:11.840 align:start position:0% host of 00:23:11.840 --> 00:23:14.029 align:start position:0% host of opportunities<00:23:12.840> and<00:23:13.279> they<00:23:13.400> are<00:23:13.679> fully 00:23:14.029 --> 00:23:14.039 align:start position:0% opportunities and they are fully 00:23:14.039 --> 00:23:16.390 align:start position:0% opportunities and they are fully empowered<00:23:14.720> to<00:23:14.960> create<00:23:15.240> a<00:23:15.400> better<00:23:15.679> future<00:23:16.200> not 00:23:16.390 --> 00:23:16.400 align:start position:0% empowered to create a better future not 00:23:16.400 --> 00:23:18.710 align:start position:0% empowered to create a better future not just<00:23:16.559> for<00:23:16.919> themselves<00:23:17.760> for<00:23:17.919> the<00:23:18.080> world<00:23:18.360> around 00:23:18.710 --> 00:23:18.720 align:start position:0% just for themselves for the world around 00:23:18.720 --> 00:23:21.830 align:start position:0% just for themselves for the world around them<00:23:19.240> thank<00:23:19.440> you<00:23:19.919> yeah<00:23:20.760> and<00:23:20.960> and<00:23:21.200> and<00:23:21.559> I<00:23:21.640> guess 00:23:21.830 --> 00:23:21.840 align:start position:0% them thank you yeah and and and I guess 00:23:21.840 --> 00:23:23.870 align:start position:0% them thank you yeah and and and I guess the<00:23:22.000> importance<00:23:22.480> of<00:23:22.679> that<00:23:22.960> just<00:23:23.320> even<00:23:23.640> bring 00:23:23.870 --> 00:23:23.880 align:start position:0% the importance of that just even bring 00:23:23.880 --> 00:23:27.669 align:start position:0% the importance of that just even bring it<00:23:24.120> down<00:23:24.279> to<00:23:24.559> specifics<00:23:25.480> in<00:23:26.240> Nigeria<00:23:27.240> uh 00:23:27.669 --> 00:23:27.679 align:start position:0% it down to specifics in Nigeria uh 00:23:27.679 --> 00:23:29.470 align:start position:0% it down to specifics in Nigeria uh GitHub<00:23:28.080> came<00:23:28.200> up<00:23:28.279> with<00:23:28.360> the<00:23:28.600> report<00:23:28.960> earlier 00:23:29.470 --> 00:23:29.480 align:start position:0% GitHub came up with the report earlier 00:23:29.480 --> 00:23:31.590 align:start position:0% GitHub came up with the report earlier like<00:23:29.640> later<00:23:29.960> last<00:23:30.200> year<00:23:30.400> there's<00:23:30.640> about 00:23:31.590 --> 00:23:31.600 align:start position:0% like later last year there's about 00:23:31.600 --> 00:23:34.430 align:start position:0% like later last year there's about 900,000<00:23:32.600> plus<00:23:33.440> uh<00:23:33.720> uh<00:23:33.840> open<00:23:34.159> source 00:23:34.430 --> 00:23:34.440 align:start position:0% 900,000 plus uh uh open source 00:23:34.440 --> 00:23:37.190 align:start position:0% 900,000 plus uh uh open source contributors<00:23:34.960> on<00:23:35.159> GitHub<00:23:35.559> alone<00:23:36.559> right<00:23:36.919> so 00:23:37.190 --> 00:23:37.200 align:start position:0% contributors on GitHub alone right so 00:23:37.200 --> 00:23:39.350 align:start position:0% contributors on GitHub alone right so the<00:23:37.360> GitHub<00:23:37.760> page<00:23:38.120> is<00:23:38.279> their<00:23:38.480> resume<00:23:39.000> it's<00:23:39.159> not 00:23:39.350 --> 00:23:39.360 align:start position:0% the GitHub page is their resume it's not 00:23:39.360 --> 00:23:41.669 align:start position:0% the GitHub page is their resume it's not their<00:23:39.520> LinkedIn<00:23:40.120> because<00:23:40.279> no<00:23:40.400> one<00:23:40.559> will<00:23:40.799> hire 00:23:41.669 --> 00:23:41.679 align:start position:0% their LinkedIn because no one will hire 00:23:41.679 --> 00:23:44.029 align:start position:0% their LinkedIn because no one will hire like<00:23:42.159> just<00:23:42.320> to<00:23:42.480> be<00:23:42.640> very<00:23:42.840> blunt<00:23:43.520> people<00:23:43.799> don't 00:23:44.029 --> 00:23:44.039 align:start position:0% like just to be very blunt people don't 00:23:44.039 --> 00:23:45.630 align:start position:0% like just to be very blunt people don't like<00:23:44.159> to<00:23:44.320> hire<00:23:44.640> Nigerians<00:23:45.200> all<00:23:45.360> around<00:23:45.559> the 00:23:45.630 --> 00:23:45.640 align:start position:0% like to hire Nigerians all around the 00:23:45.640 --> 00:23:47.350 align:start position:0% like to hire Nigerians all around the world<00:23:45.960> unless<00:23:46.279> they<00:23:46.400> know<00:23:46.600> them<00:23:46.799> personally 00:23:47.350 --> 00:23:47.360 align:start position:0% world unless they know them personally 00:23:47.360 --> 00:23:49.990 align:start position:0% world unless they know them personally right<00:23:48.039> but<00:23:48.679> stuff<00:23:49.000> like<00:23:49.159> that<00:23:49.360> is<00:23:49.600> actually 00:23:49.990 --> 00:23:50.000 align:start position:0% right but stuff like that is actually 00:23:50.000 --> 00:23:52.230 align:start position:0% right but stuff like that is actually making<00:23:50.320> it<00:23:50.520> more<00:23:50.880> meritocratic<00:23:51.880> and<00:23:52.039> those 00:23:52.230 --> 00:23:52.240 align:start position:0% making it more meritocratic and those 00:23:52.240 --> 00:23:54.710 align:start position:0% making it more meritocratic and those guys<00:23:52.480> are<00:23:52.880> receiving<00:23:53.559> income<00:23:53.919> and<00:23:54.120> salary<00:23:54.559> in 00:23:54.710 --> 00:23:54.720 align:start position:0% guys are receiving income and salary in 00:23:54.720 --> 00:23:57.470 align:start position:0% guys are receiving income and salary in what<00:23:54.960> way<00:23:55.240> like<00:23:55.400> it<00:23:55.520> is<00:23:55.919> really<00:23:56.279> hard<00:23:56.919> to<00:23:57.120> send 00:23:57.470 --> 00:23:57.480 align:start position:0% what way like it is really hard to send 00:23:57.480 --> 00:24:00.350 align:start position:0% what way like it is really hard to send money<00:23:57.880> from<00:23:58.440> elsewhere<00:23:58.799> to<00:23:59.039> Nigeria<00:23:59.679> like 00:24:00.350 --> 00:24:00.360 align:start position:0% money from elsewhere to Nigeria like 00:24:00.360 --> 00:24:01.990 align:start position:0% money from elsewhere to Nigeria like PayPal<00:24:00.720> doesn't<00:24:00.960> like<00:24:01.120> to<00:24:01.240> work<00:24:01.400> in<00:24:01.559> Nigeria 00:24:01.990 --> 00:24:02.000 align:start position:0% PayPal doesn't like to work in Nigeria 00:24:02.000 --> 00:24:04.510 align:start position:0% PayPal doesn't like to work in Nigeria stripe<00:24:02.360> doesn't<00:24:02.640> work<00:24:02.880> in<00:24:03.080> Nigeria<00:24:04.039> right<00:24:04.200> so 00:24:04.510 --> 00:24:04.520 align:start position:0% stripe doesn't work in Nigeria right so 00:24:04.520 --> 00:24:07.230 align:start position:0% stripe doesn't work in Nigeria right so the<00:24:04.679> plumbing<00:24:05.039> is<00:24:05.200> broken<00:24:06.120> right<00:24:06.320> and<00:24:06.559> so<00:24:07.120> this 00:24:07.230 --> 00:24:07.240 align:start position:0% the plumbing is broken right and so this 00:24:07.240 --> 00:24:09.110 align:start position:0% the plumbing is broken right and so this is<00:24:07.440> not<00:24:07.679> just<00:24:07.840> like<00:24:08.000> a<00:24:08.159> nce<00:24:08.440> to<00:24:08.600> have<00:24:08.840> it's<00:24:08.919> a 00:24:09.110 --> 00:24:09.120 align:start position:0% is not just like a nce to have it's a 00:24:09.120 --> 00:24:12.750 align:start position:0% is not just like a nce to have it's a plan<00:24:09.400> a<00:24:09.600> for<00:24:09.760> a<00:24:09.880> whole<00:24:10.039> lot<00:24:10.159> of<00:24:10.279> folks<00:24:11.200> right<00:24:11.760> so 00:24:12.750 --> 00:24:12.760 align:start position:0% plan a for a whole lot of folks right so 00:24:12.760 --> 00:24:14.470 align:start position:0% plan a for a whole lot of folks right so yeah<00:24:12.960> I<00:24:13.000> mean<00:24:13.320> and<00:24:13.480> and<00:24:13.640> and<00:24:13.720> the<00:24:13.840> other<00:24:14.000> bit<00:24:14.159> of 00:24:14.470 --> 00:24:14.480 align:start position:0% yeah I mean and and and the other bit of 00:24:14.480 --> 00:24:15.909 align:start position:0% yeah I mean and and and the other bit of what<00:24:14.559> I<00:24:14.640> think<00:24:14.840> what<00:24:14.919> you<00:24:15.039> guys<00:24:15.200> are<00:24:15.360> building 00:24:15.909 --> 00:24:15.919 align:start position:0% what I think what you guys are building 00:24:15.919 --> 00:24:17.549 align:start position:0% what I think what you guys are building which<00:24:16.039> is<00:24:16.320> very<00:24:16.520> interesting<00:24:17.000> there<00:24:17.120> are 00:24:17.549 --> 00:24:17.559 align:start position:0% which is very interesting there are 00:24:17.559 --> 00:24:19.990 align:start position:0% which is very interesting there are quite<00:24:17.760> a<00:24:17.840> few<00:24:18.080> like<00:24:18.320> other<00:24:18.640> builders<00:24:19.520> doing 00:24:19.990 --> 00:24:20.000 align:start position:0% quite a few like other builders doing 00:24:20.000 --> 00:24:23.990 align:start position:0% quite a few like other builders doing this<00:24:20.440> is<00:24:20.919> you're<00:24:21.159> moving<00:24:21.600> Fiat<00:24:22.400> to<00:24:23.000> stablecoin 00:24:23.990 --> 00:24:24.000 align:start position:0% this is you're moving Fiat to stablecoin 00:24:24.000 --> 00:24:26.710 align:start position:0% this is you're moving Fiat to stablecoin and<00:24:24.240> then<00:24:25.000> in<00:24:25.159> a<00:24:25.360> self-<00:24:25.720> custo<00:24:26.080> or<00:24:26.240> custo 00:24:26.710 --> 00:24:26.720 align:start position:0% and then in a self- custo or custo 00:24:26.720 --> 00:24:28.590 align:start position:0% and then in a self- custo or custo wallet<00:24:27.120> and<00:24:27.240> then<00:24:27.440> you<00:24:27.720> have<00:24:27.919> a<00:24:28.080> digit<00:24:28.399> sell 00:24:28.590 --> 00:24:28.600 align:start position:0% wallet and then you have a digit sell 00:24:28.600 --> 00:24:30.870 align:start position:0% wallet and then you have a digit sell debit<00:24:28.880> card<00:24:29.559> they<00:24:29.679> can<00:24:29.880> actually<00:24:30.159> use<00:24:30.440> that<00:24:30.640> to 00:24:30.870 --> 00:24:30.880 align:start position:0% debit card they can actually use that to 00:24:30.880 --> 00:24:32.990 align:start position:0% debit card they can actually use that to spend<00:24:31.279> internationally<00:24:32.000> because<00:24:32.200> your<00:24:32.399> local 00:24:32.990 --> 00:24:33.000 align:start position:0% spend internationally because your local 00:24:33.000 --> 00:24:35.310 align:start position:0% spend internationally because your local banks<00:24:34.000> have<00:24:34.120> a<00:24:34.279> limit<00:24:34.600> of<00:24:34.760> how<00:24:34.840> much<00:24:35.000> money<00:24:35.200> you 00:24:35.310 --> 00:24:35.320 align:start position:0% banks have a limit of how much money you 00:24:35.320 --> 00:24:36.870 align:start position:0% banks have a limit of how much money you can<00:24:35.440> spend<00:24:35.720> how<00:24:35.840> much<00:24:35.960> is<00:24:36.039> it<00:24:36.159> in<00:24:36.360> Nigeria 00:24:36.870 --> 00:24:36.880 align:start position:0% can spend how much is it in Nigeria 00:24:36.880 --> 00:24:40.789 align:start position:0% can spend how much is it in Nigeria right<00:24:37.440> now<00:24:38.440> uh<00:24:39.080> it's<00:24:39.360> probably<00:24:40.360> there<00:24:40.480> was<00:24:40.600> a 00:24:40.789 --> 00:24:40.799 align:start position:0% right now uh it's probably there was a 00:24:40.799 --> 00:24:42.269 align:start position:0% right now uh it's probably there was a time<00:24:41.000> when<00:24:41.200> it<00:24:41.279> was<00:24:41.520> really<00:24:41.720> bad<00:24:41.960> and<00:24:42.080> it<00:24:42.159> was 00:24:42.269 --> 00:24:42.279 align:start position:0% time when it was really bad and it was 00:24:42.279 --> 00:24:45.230 align:start position:0% time when it was really bad and it was like<00:24:42.360> $20<00:24:43.120> a<00:24:43.279> month<00:24:43.799> $20<00:24:44.480> a<00:24:44.559> month<00:24:44.799> so<00:24:44.880> even<00:24:45.080> if 00:24:45.230 --> 00:24:45.240 align:start position:0% like $20 a month $20 a month so even if 00:24:45.240 --> 00:24:46.950 align:start position:0% like $20 a month $20 a month so even if even<00:24:45.399> if<00:24:45.520> you<00:24:45.679> had<00:24:45.960> like<00:24:46.320> thousands<00:24:46.720> of 00:24:46.950 --> 00:24:46.960 align:start position:0% even if you had like thousands of 00:24:46.960 --> 00:24:48.990 align:start position:0% even if you had like thousands of dollars<00:24:47.279> you<00:24:47.399> could<00:24:47.520> only<00:24:47.679> spend<00:24:47.880> $20<00:24:48.480> a<00:24:48.600> month 00:24:48.990 --> 00:24:49.000 align:start position:0% dollars you could only spend $20 a month 00:24:49.000 --> 00:24:50.549 align:start position:0% dollars you could only spend $20 a month and<00:24:49.080> you<00:24:49.200> couldn't<00:24:49.440> even<00:24:49.679> go<00:24:49.840> to<00:24:50.000> the<00:24:50.120> bank<00:24:50.399> and 00:24:50.549 --> 00:24:50.559 align:start position:0% and you couldn't even go to the bank and 00:24:50.559 --> 00:24:53.789 align:start position:0% and you couldn't even go to the bank and be<00:24:50.760> like<00:24:51.039> oh<00:24:51.279> I<00:24:51.559> have<00:24:52.559> you<00:24:52.679> know<00:24:52.840> $1,000<00:24:53.720> or 00:24:53.789 --> 00:24:53.799 align:start position:0% be like oh I have you know $1,000 or 00:24:53.799 --> 00:24:55.990 align:start position:0% be like oh I have you know $1,000 or $2,000<00:24:54.600> I<00:24:54.679> want<00:24:54.760> to<00:24:54.880> redraw<00:24:55.240> it<00:24:55.520> it's<00:24:55.679> like<00:24:55.880> you 00:24:55.990 --> 00:24:56.000 align:start position:0% $2,000 I want to redraw it it's like you 00:24:56.000 --> 00:24:59.230 align:start position:0% $2,000 I want to redraw it it's like you can't<00:24:56.200> redraw<00:24:56.640> that<00:24:56.799> money<00:24:57.760> right<00:24:58.000> so 00:24:59.230 --> 00:24:59.240 align:start position:0% can't redraw that money right so 00:24:59.240 --> 00:25:01.430 align:start position:0% can't redraw that money right so um<00:24:59.760> or<00:24:59.919> your<00:25:00.440> your<00:25:00.600> or<00:25:00.720> your<00:25:00.880> dollar<00:25:01.200> card 00:25:01.430 --> 00:25:01.440 align:start position:0% um or your your or your dollar card 00:25:01.440 --> 00:25:05.669 align:start position:0% um or your your or your dollar card won't<00:25:01.720> even<00:25:02.000> work<00:25:02.960> on<00:25:03.919> some<00:25:04.520> websites<00:25:05.520> you 00:25:05.669 --> 00:25:05.679 align:start position:0% won't even work on some websites you 00:25:05.679 --> 00:25:08.230 align:start position:0% won't even work on some websites you know<00:25:06.320> um<00:25:07.039> just<00:25:07.240> because<00:25:07.640> the<00:25:08.000> the<00:25:08.159> the 00:25:08.230 --> 00:25:08.240 align:start position:0% know um just because the the the 00:25:08.240 --> 00:25:10.789 align:start position:0% know um just because the the the underlying<00:25:08.840> Plumbing<00:25:09.799> wasn't<00:25:10.159> working<00:25:10.559> and 00:25:10.789 --> 00:25:10.799 align:start position:0% underlying Plumbing wasn't working and 00:25:10.799 --> 00:25:13.909 align:start position:0% underlying Plumbing wasn't working and that's<00:25:11.039> why<00:25:11.279> people<00:25:12.279> and<00:25:12.720> businesses<00:25:13.720> have 00:25:13.909 --> 00:25:13.919 align:start position:0% that's why people and businesses have 00:25:13.919 --> 00:25:17.990 align:start position:0% that's why people and businesses have turned<00:25:14.240> to<00:25:14.440> stable<00:25:14.799> coins<00:25:15.240> because<00:25:15.720> it<00:25:16.679> it<00:25:16.840> dis 00:25:17.990 --> 00:25:18.000 align:start position:0% turned to stable coins because it it dis 00:25:18.000 --> 00:25:20.389 align:start position:0% turned to stable coins because it it dis intermediates<00:25:19.000> it's<00:25:19.200> like<00:25:19.559> you<00:25:19.760> as<00:25:19.880> a<00:25:20.080> person 00:25:20.389 --> 00:25:20.399 align:start position:0% intermediates it's like you as a person 00:25:20.399 --> 00:25:22.870 align:start position:0% intermediates it's like you as a person you<00:25:20.600> have<00:25:20.799> the<00:25:21.000> dollars<00:25:21.840> but<00:25:22.000> the<00:25:22.240> financial 00:25:22.870 --> 00:25:22.880 align:start position:0% you have the dollars but the financial 00:25:22.880 --> 00:25:26.149 align:start position:0% you have the dollars but the financial infrastructure<00:25:23.880> is<00:25:24.000> so<00:25:24.279> broken<00:25:25.279> that<00:25:25.440> is 00:25:26.149 --> 00:25:26.159 align:start position:0% infrastructure is so broken that is 00:25:26.159 --> 00:25:29.029 align:start position:0% infrastructure is so broken that is preventing<00:25:26.720> you<00:25:27.039> from<00:25:27.679> connecting<00:25:28.399> with<00:25:28.600> the 00:25:29.029 --> 00:25:29.039 align:start position:0% preventing you from connecting with the 00:25:29.039 --> 00:25:32.909 align:start position:0% preventing you from connecting with the global<00:25:29.720> economy<00:25:30.720> and<00:25:31.120> with<00:25:31.720> stable<00:25:32.200> coins<00:25:32.640> and 00:25:32.909 --> 00:25:32.919 align:start position:0% global economy and with stable coins and 00:25:32.919 --> 00:25:34.950 align:start position:0% global economy and with stable coins and and<00:25:33.120> blockchains<00:25:33.720> it's<00:25:33.960> like 00:25:34.950 --> 00:25:34.960 align:start position:0% and blockchains it's like 00:25:34.960 --> 00:25:38.710 align:start position:0% and blockchains it's like okay<00:25:35.960> Mr<00:25:36.399> Bank<00:25:36.840> get<00:25:37.039> the<00:25:37.600> F<00:25:38.120> we<00:25:38.240> don't<00:25:38.399> need<00:25:38.559> you 00:25:38.710 --> 00:25:38.720 align:start position:0% okay Mr Bank get the F we don't need you 00:25:38.720 --> 00:25:40.190 align:start position:0% okay Mr Bank get the F we don't need you we're<00:25:38.880> just<00:25:38.960> going<00:25:39.080> to<00:25:39.240> connect<00:25:39.679> directly<00:25:40.039> to 00:25:40.190 --> 00:25:40.200 align:start position:0% we're just going to connect directly to 00:25:40.200 --> 00:25:43.909 align:start position:0% we're just going to connect directly to the<00:25:40.399> global<00:25:41.279> economy<00:25:41.720> and<00:25:41.919> transact<00:25:42.919> freely 00:25:43.909 --> 00:25:43.919 align:start position:0% the global economy and transact freely 00:25:43.919 --> 00:25:46.269 align:start position:0% the global economy and transact freely um<00:25:44.120> and<00:25:44.399> that's<00:25:44.600> kind<00:25:44.760> of<00:25:45.480> yeah<00:25:45.640> that's<00:25:45.799> the<00:25:45.960> F 00:25:46.269 --> 00:25:46.279 align:start position:0% um and that's kind of yeah that's the F 00:25:46.279 --> 00:25:47.510 align:start position:0% um and that's kind of yeah that's the F that's<00:25:46.600> it's<00:25:46.720> not<00:25:46.840> even<00:25:47.000> the<00:25:47.120> future<00:25:47.399> it's 00:25:47.510 --> 00:25:47.520 align:start position:0% that's it's not even the future it's 00:25:47.520 --> 00:25:49.990 align:start position:0% that's it's not even the future it's like<00:25:47.679> the<00:25:47.760> future<00:25:48.039> is<00:25:48.440> here<00:25:49.440> it's<00:25:49.640> just<00:25:49.799> not 00:25:49.990 --> 00:25:50.000 align:start position:0% like the future is here it's just not 00:25:50.000 --> 00:25:52.630 align:start position:0% like the future is here it's just not evenly<00:25:50.399> distributed<00:25:51.080> you<00:25:51.240> know<00:25:51.960> so<00:25:52.320> if<00:25:52.440> you 00:25:52.630 --> 00:25:52.640 align:start position:0% evenly distributed you know so if you 00:25:52.640 --> 00:25:54.269 align:start position:0% evenly distributed you know so if you guys<00:25:52.919> and<00:25:53.080> a<00:25:53.240> whole<00:25:53.399> lot<00:25:53.559> of<00:25:53.679> other<00:25:53.840> builders 00:25:54.269 --> 00:25:54.279 align:start position:0% guys and a whole lot of other builders 00:25:54.279 --> 00:25:56.710 align:start position:0% guys and a whole lot of other builders are<00:25:54.520> radically<00:25:55.360> successful<00:25:56.360> what<00:25:56.480> we're 00:25:56.710 --> 00:25:56.720 align:start position:0% are radically successful what we're 00:25:56.720 --> 00:25:59.669 align:start position:0% are radically successful what we're basically<00:25:57.200> doing<00:25:57.720> is<00:25:57.919> we<00:25:58.360> are<00:25:59.159> building<00:25:59.559> the 00:25:59.669 --> 00:25:59.679 align:start position:0% basically doing is we are building the 00:25:59.679 --> 00:26:01.909 align:start position:0% basically doing is we are building the plumbing<00:26:00.120> for<00:26:00.360> our<00:26:00.679> economies<00:26:01.159> to<00:26:01.480> easily 00:26:01.909 --> 00:26:01.919 align:start position:0% plumbing for our economies to easily 00:26:01.919 --> 00:26:04.190 align:start position:0% plumbing for our economies to easily integrate<00:26:02.360> with<00:26:02.480> the<00:26:02.600> rest<00:26:02.760> of<00:26:02.880> the<00:26:03.039> world<00:26:03.880> our 00:26:04.190 --> 00:26:04.200 align:start position:0% integrate with the rest of the world our 00:26:04.200 --> 00:26:06.110 align:start position:0% integrate with the rest of the world our location<00:26:04.880> is<00:26:05.039> not<00:26:05.240> a 00:26:06.110 --> 00:26:06.120 align:start position:0% location is not a 00:26:06.120 --> 00:26:08.430 align:start position:0% location is not a liability<00:26:07.120> but<00:26:07.360> it's<00:26:07.559> part<00:26:07.760> of<00:26:07.919> who<00:26:08.080> we<00:26:08.200> are 00:26:08.430 --> 00:26:08.440 align:start position:0% liability but it's part of who we are 00:26:08.440 --> 00:26:10.070 align:start position:0% liability but it's part of who we are it's<00:26:08.559> our<00:26:08.799> culture<00:26:09.320> but<00:26:09.520> that<00:26:09.679> is<00:26:09.840> not 00:26:10.070 --> 00:26:10.080 align:start position:0% it's our culture but that is not 00:26:10.080 --> 00:26:12.590 align:start position:0% it's our culture but that is not stopping<00:26:10.480> us<00:26:10.720> from<00:26:11.360> fully<00:26:11.840> participating 00:26:12.590 --> 00:26:12.600 align:start position:0% stopping us from fully participating 00:26:12.600 --> 00:26:15.029 align:start position:0% stopping us from fully participating contributing<00:26:13.200> benefiting<00:26:13.679> from<00:26:13.919> the<00:26:14.440> global 00:26:15.029 --> 00:26:15.039 align:start position:0% contributing benefiting from the global 00:26:15.039 --> 00:26:17.909 align:start position:0% contributing benefiting from the global World<00:26:16.039> let<00:26:16.240> us<00:26:16.679> change<00:26:17.000> the<00:26:17.200> gear<00:26:17.559> a<00:26:17.679> little 00:26:17.909 --> 00:26:17.919 align:start position:0% World let us change the gear a little 00:26:17.919 --> 00:26:22.269 align:start position:0% World let us change the gear a little bit<00:26:18.600> and<00:26:19.440> come<00:26:20.000> local<00:26:21.000> we've<00:26:21.200> got<00:26:21.480> Jambi<00:26:21.960> here 00:26:22.269 --> 00:26:22.279 align:start position:0% bit and come local we've got Jambi here 00:26:22.279 --> 00:26:25.190 align:start position:0% bit and come local we've got Jambi here who's<00:26:22.440> building<00:26:23.200> one<00:26:23.360> of<00:26:23.520> the<00:26:23.679> most<00:26:24.200> exciting 00:26:25.190 --> 00:26:25.200 align:start position:0% who's building one of the most exciting 00:26:25.200 --> 00:26:28.389 align:start position:0% who's building one of the most exciting uh<00:26:25.360> initiatives<00:26:26.360> uh<00:26:26.520> in<00:26:26.760> Kenya<00:26:27.760> uh<00:26:27.919> can<00:26:28.080> you 00:26:28.389 --> 00:26:28.399 align:start position:0% uh initiatives uh in Kenya uh can you 00:26:28.399 --> 00:26:30.909 align:start position:0% uh initiatives uh in Kenya uh can you tell<00:26:28.559> us<00:26:28.679> a<00:26:28.799> little<00:26:29.000> bit<00:26:29.240> about<00:26:30.080> how<00:26:30.440> you<00:26:30.600> see 00:26:30.909 --> 00:26:30.919 align:start position:0% tell us a little bit about how you see 00:26:30.919 --> 00:26:33.909 align:start position:0% tell us a little bit about how you see the<00:26:31.080> world<00:26:31.760> and<00:26:32.760> what<00:26:33.279> what<00:26:33.440> you<00:26:33.600> guys<00:26:33.760> are 00:26:33.909 --> 00:26:33.919 align:start position:0% the world and what what you guys are 00:26:33.919 --> 00:26:36.990 align:start position:0% the world and what what you guys are building<00:26:34.279> with<00:26:34.440> Grassroots<00:26:35.159> economics<00:26:36.159> yes 00:26:36.990 --> 00:26:37.000 align:start position:0% building with Grassroots economics yes 00:26:37.000 --> 00:26:39.710 align:start position:0% building with Grassroots economics yes uh<00:26:37.159> thank<00:26:37.320> you<00:26:37.440> so<00:26:37.640> much<00:26:38.360> um<00:26:38.960> we<00:26:39.320> have<00:26:39.520> been 00:26:39.710 --> 00:26:39.720 align:start position:0% uh thank you so much um we have been 00:26:39.720 --> 00:26:43.149 align:start position:0% uh thank you so much um we have been working<00:26:40.120> on<00:26:40.320> a<00:26:40.760> nice<00:26:41.200> economic<00:26:42.000> uh<00:26:42.200> protocol 00:26:43.149 --> 00:26:43.159 align:start position:0% working on a nice economic uh protocol 00:26:43.159 --> 00:26:46.190 align:start position:0% working on a nice economic uh protocol called<00:26:43.559> commitment<00:26:44.080> pulling<00:26:45.080> so<00:26:45.360> it's<00:26:45.880> h 00:26:46.190 --> 00:26:46.200 align:start position:0% called commitment pulling so it's h 00:26:46.200 --> 00:26:50.389 align:start position:0% called commitment pulling so it's h being<00:26:46.880> it's<00:26:47.120> inspired<00:26:47.760> by<00:26:48.640> um<00:26:49.640> indigenous 00:26:50.389 --> 00:26:50.399 align:start position:0% being it's inspired by um indigenous 00:26:50.399 --> 00:26:52.870 align:start position:0% being it's inspired by um indigenous wisdom<00:26:51.279> so<00:26:51.520> when<00:26:51.679> I<00:26:51.840> talk<00:26:52.080> about<00:26:52.399> indigenous 00:26:52.870 --> 00:26:52.880 align:start position:0% wisdom so when I talk about indigenous 00:26:52.880 --> 00:26:55.750 align:start position:0% wisdom so when I talk about indigenous wisdom<00:26:53.240> I<00:26:53.399> mean<00:26:54.200> um<00:26:54.480> Traditions<00:26:55.000> around<00:26:55.320> mucho 00:26:55.750 --> 00:26:55.760 align:start position:0% wisdom I mean um Traditions around mucho 00:26:55.760 --> 00:26:59.669 align:start position:0% wisdom I mean um Traditions around mucho Aid<00:26:56.640> and<00:26:57.440> mostly<00:26:57.880> rotation<00:26:58.399> of<00:26:58.559> Labor 00:26:59.669 --> 00:26:59.679 align:start position:0% Aid and mostly rotation of Labor 00:26:59.679 --> 00:27:02.669 align:start position:0% Aid and mostly rotation of Labor associations<00:27:00.679> um<00:27:00.919> so<00:27:01.159> what<00:27:01.399> we<00:27:01.919> have<00:27:02.240> noticed 00:27:02.669 --> 00:27:02.679 align:start position:0% associations um so what we have noticed 00:27:02.679 --> 00:27:05.389 align:start position:0% associations um so what we have noticed is<00:27:02.840> that<00:27:03.000> it's<00:27:03.159> not<00:27:03.360> a<00:27:03.559> New<00:27:04.120> Concept<00:27:04.840> it's<00:27:05.039> been 00:27:05.389 --> 00:27:05.399 align:start position:0% is that it's not a New Concept it's been 00:27:05.399 --> 00:27:09.430 align:start position:0% is that it's not a New Concept it's been there<00:27:05.600> for<00:27:05.840> ages<00:27:06.279> and<00:27:06.520> ac<00:27:07.279> across<00:27:08.240> um<00:27:09.000> Nations 00:27:09.430 --> 00:27:09.440 align:start position:0% there for ages and ac across um Nations 00:27:09.440 --> 00:27:12.630 align:start position:0% there for ages and ac across um Nations you<00:27:09.559> know<00:27:10.279> so<00:27:10.919> like<00:27:11.120> in<00:27:11.320> my<00:27:11.559> community<00:27:12.279> we<00:27:12.440> call 00:27:12.630 --> 00:27:12.640 align:start position:0% you know so like in my community we call 00:27:12.640 --> 00:27:15.669 align:start position:0% you know so like in my community we call it<00:27:13.080> muia<00:27:14.080> um<00:27:14.679> you<00:27:14.799> know<00:27:14.919> we<00:27:15.039> work<00:27:15.240> with<00:27:15.399> Kenya 00:27:15.669 --> 00:27:15.679 align:start position:0% it muia um you know we work with Kenya 00:27:15.679 --> 00:27:18.070 align:start position:0% it muia um you know we work with Kenya Red<00:27:15.880> Cross<00:27:16.200> at<00:27:16.480> the<00:27:16.640> refugee<00:27:17.080> centers<00:27:17.520> and<00:27:17.919> the 00:27:18.070 --> 00:27:18.080 align:start position:0% Red Cross at the refugee centers and the 00:27:18.080 --> 00:27:20.269 align:start position:0% Red Cross at the refugee centers and the somalis<00:27:18.559> call<00:27:18.720> it<00:27:19.000> go<00:27:19.600> you<00:27:19.679> know<00:27:19.880> the<00:27:20.080> guys 00:27:20.269 --> 00:27:20.279 align:start position:0% somalis call it go you know the guys 00:27:20.279 --> 00:27:21.710 align:start position:0% somalis call it go you know the guys from<00:27:20.520> Burundi<00:27:21.000> call 00:27:21.710 --> 00:27:21.720 align:start position:0% from Burundi call 00:27:21.720 --> 00:27:24.149 align:start position:0% from Burundi call it<00:27:22.720> and<00:27:23.000> every<00:27:23.200> other<00:27:23.440> community<00:27:23.760> in<00:27:23.880> Kenya 00:27:24.149 --> 00:27:24.159 align:start position:0% it and every other community in Kenya 00:27:24.159 --> 00:27:26.430 align:start position:0% it and every other community in Kenya like<00:27:24.320> have<00:27:24.480> a<00:27:24.600> name<00:27:24.799> for<00:27:24.960> it<00:27:25.159> so<00:27:25.320> it's<00:27:25.520> not<00:27:25.760> new 00:27:26.430 --> 00:27:26.440 align:start position:0% like have a name for it so it's not new 00:27:26.440 --> 00:27:28.870 align:start position:0% like have a name for it so it's not new so<00:27:26.679> what<00:27:26.799> you're<00:27:27.039> doing<00:27:27.520> as<00:27:27.679> an<00:27:27.799> organiz<00:27:28.279> a<00:27:28.480> is 00:27:28.870 --> 00:27:28.880 align:start position:0% so what you're doing as an organiz a is 00:27:28.880 --> 00:27:31.830 align:start position:0% so what you're doing as an organiz a is really<00:27:29.880> um<00:27:30.159> adding<00:27:30.679> you<00:27:30.760> know<00:27:30.919> formalizing 00:27:31.830 --> 00:27:31.840 align:start position:0% really um adding you know formalizing 00:27:31.840 --> 00:27:34.590 align:start position:0% really um adding you know formalizing commitments<00:27:32.520> cuz<00:27:33.240> rotation<00:27:33.679> of<00:27:33.840> Labor<00:27:34.240> really 00:27:34.590 --> 00:27:34.600 align:start position:0% commitments cuz rotation of Labor really 00:27:34.600 --> 00:27:36.990 align:start position:0% commitments cuz rotation of Labor really meant<00:27:35.360> making<00:27:35.840> promises<00:27:36.399> to<00:27:36.559> help<00:27:36.799> one 00:27:36.990 --> 00:27:37.000 align:start position:0% meant making promises to help one 00:27:37.000 --> 00:27:38.870 align:start position:0% meant making promises to help one another<00:27:37.399> and<00:27:37.559> these<00:27:37.799> promises<00:27:38.240> are<00:27:38.440> really 00:27:38.870 --> 00:27:38.880 align:start position:0% another and these promises are really 00:27:38.880 --> 00:27:40.789 align:start position:0% another and these promises are really commitments<00:27:39.880> and<00:27:40.000> I'm<00:27:40.120> going<00:27:40.240> to<00:27:40.399> give<00:27:40.519> you<00:27:40.640> a 00:27:40.789 --> 00:27:40.799 align:start position:0% commitments and I'm going to give you a 00:27:40.799 --> 00:27:45.350 align:start position:0% commitments and I'm going to give you a good<00:27:41.519> example<00:27:42.519> like<00:27:42.720> in<00:27:42.840> a<00:27:43.159> village<00:27:44.159> X<00:27:45.039> there's 00:27:45.350 --> 00:27:45.360 align:start position:0% good example like in a village X there's 00:27:45.360 --> 00:27:49.870 align:start position:0% good example like in a village X there's family<00:27:45.760> a<00:27:46.399> family<00:27:46.840> B<00:27:47.519> family<00:27:47.919> C<00:27:48.600> so<00:27:48.880> family<00:27:49.279> a 00:27:49.870 --> 00:27:49.880 align:start position:0% family a family B family C so family a 00:27:49.880 --> 00:27:51.990 align:start position:0% family a family B family C so family a will<00:27:50.200> make<00:27:50.799> family<00:27:51.200> all<00:27:51.360> the<00:27:51.480> families<00:27:51.799> will 00:27:51.990 --> 00:27:52.000 align:start position:0% will make family all the families will 00:27:52.000 --> 00:27:54.190 align:start position:0% will make family all the families will make<00:27:52.240> commitments<00:27:52.720> to<00:27:52.880> help<00:27:53.120> one<00:27:53.320> another<00:27:54.039> and 00:27:54.190 --> 00:27:54.200 align:start position:0% make commitments to help one another and 00:27:54.200 --> 00:27:56.230 align:start position:0% make commitments to help one another and then<00:27:54.360> they're<00:27:54.600> going<00:27:54.799> to<00:27:55.000> pull<00:27:55.480> their 00:27:56.230 --> 00:27:56.240 align:start position:0% then they're going to pull their 00:27:56.240 --> 00:27:59.669 align:start position:0% then they're going to pull their commitments<00:27:57.080> together<00:27:57.919> with<00:27:58.440> uh<00:27:58.640> to<00:27:59.200> to<00:27:59.399> bring 00:27:59.669 --> 00:27:59.679 align:start position:0% commitments together with uh to to bring 00:27:59.679 --> 00:28:02.430 align:start position:0% commitments together with uh to to bring about<00:28:00.120> exchanging<00:28:00.960> and<00:28:01.200> accountability<00:28:02.159> with 00:28:02.430 --> 00:28:02.440 align:start position:0% about exchanging and accountability with 00:28:02.440 --> 00:28:06.269 align:start position:0% about exchanging and accountability with agreed<00:28:02.799> upon<00:28:03.279> rules<00:28:04.200> so<00:28:04.480> if<00:28:04.720> family<00:28:05.120> a<00:28:05.600> needs<00:28:06.039> a 00:28:06.269 --> 00:28:06.279 align:start position:0% agreed upon rules so if family a needs a 00:28:06.279 --> 00:28:09.549 align:start position:0% agreed upon rules so if family a needs a house<00:28:06.559> built<00:28:07.519> that<00:28:07.720> means<00:28:08.279> family<00:28:08.679> b<00:28:08.960> and<00:28:09.159> c 00:28:09.549 --> 00:28:09.559 align:start position:0% house built that means family b and c 00:28:09.559 --> 00:28:12.830 align:start position:0% house built that means family b and c will<00:28:09.840> come<00:28:10.279> and<00:28:10.519> help<00:28:10.919> family<00:28:11.320> a<00:28:11.919> so<00:28:12.159> they<00:28:12.320> will 00:28:12.830 --> 00:28:12.840 align:start position:0% will come and help family a so they will 00:28:12.840 --> 00:28:15.389 align:start position:0% will come and help family a so they will fulfill<00:28:13.320> their<00:28:13.559> commitments<00:28:14.440> you<00:28:14.600> know<00:28:15.200> then 00:28:15.389 --> 00:28:15.399 align:start position:0% fulfill their commitments you know then 00:28:15.399 --> 00:28:17.269 align:start position:0% fulfill their commitments you know then family<00:28:15.799> a<00:28:16.159> has<00:28:16.360> already<00:28:16.720> accepted<00:28:17.159> the 00:28:17.269 --> 00:28:17.279 align:start position:0% family a has already accepted the 00:28:17.279 --> 00:28:20.070 align:start position:0% family a has already accepted the commitments<00:28:18.240> so<00:28:18.519> family<00:28:18.880> B<00:28:19.080> will<00:28:19.279> do<00:28:19.480> the<00:28:19.600> same 00:28:20.070 --> 00:28:20.080 align:start position:0% commitments so family B will do the same 00:28:20.080 --> 00:28:21.870 align:start position:0% commitments so family B will do the same they<00:28:20.200> will<00:28:20.440> accept<00:28:20.840> commitments<00:28:21.320> from<00:28:21.559> family 00:28:21.870 --> 00:28:21.880 align:start position:0% they will accept commitments from family 00:28:21.880 --> 00:28:25.110 align:start position:0% they will accept commitments from family B<00:28:22.279> and<00:28:22.559> see<00:28:23.440> and<00:28:24.240> they<00:28:24.320> will<00:28:24.519> get<00:28:24.679> their<00:28:24.840> farm 00:28:25.110 --> 00:28:25.120 align:start position:0% B and see and they will get their farm 00:28:25.120 --> 00:28:28.389 align:start position:0% B and see and they will get their farm tilled<00:28:25.840> so<00:28:26.080> that<00:28:26.200> means<00:28:26.519> they<00:28:26.720> have<00:28:27.360> um<00:28:27.880> a<00:28:28.159> and 00:28:28.389 --> 00:28:28.399 align:start position:0% tilled so that means they have um a and 00:28:28.399 --> 00:28:30.909 align:start position:0% tilled so that means they have um a and C<00:28:28.720> has<00:28:28.919> fulfilled<00:28:29.399> their<00:28:29.559> commitments<00:28:30.039> to<00:28:30.200> B 00:28:30.909 --> 00:28:30.919 align:start position:0% C has fulfilled their commitments to B 00:28:30.919 --> 00:28:33.590 align:start position:0% C has fulfilled their commitments to B eventually<00:28:31.679> they<00:28:31.840> will<00:28:32.320> balance<00:28:32.799> out<00:28:33.399> and 00:28:33.590 --> 00:28:33.600 align:start position:0% eventually they will balance out and 00:28:33.600 --> 00:28:37.110 align:start position:0% eventually they will balance out and clear<00:28:33.960> the<00:28:34.120> debt<00:28:34.640> and<00:28:34.799> start<00:28:35.200> over<00:28:35.600> again<00:28:36.480> so 00:28:37.110 --> 00:28:37.120 align:start position:0% clear the debt and start over again so 00:28:37.120 --> 00:28:41.470 align:start position:0% clear the debt and start over again so um<00:28:37.880> this<00:28:38.679> whole<00:28:39.320> uh<00:28:39.480> protocol<00:28:39.960> is<00:28:40.159> not<00:28:41.000> just 00:28:41.470 --> 00:28:41.480 align:start position:0% um this whole uh protocol is not just 00:28:41.480 --> 00:28:43.350 align:start position:0% um this whole uh protocol is not just with<00:28:41.640> the<00:28:41.799> humans<00:28:42.279> like<00:28:42.440> it's<00:28:42.679> across 00:28:43.350 --> 00:28:43.360 align:start position:0% with the humans like it's across 00:28:43.360 --> 00:28:45.789 align:start position:0% with the humans like it's across disciplines<00:28:44.360> and<00:28:44.960> you<00:28:45.080> know<00:28:45.279> I<00:28:45.360> would<00:28:45.559> give 00:28:45.789 --> 00:28:45.799 align:start position:0% disciplines and you know I would give 00:28:45.799 --> 00:28:48.110 align:start position:0% disciplines and you know I would give one<00:28:46.039> example<00:28:46.440> of<00:28:46.600> the<00:28:46.760> plants<00:28:47.320> just<00:28:47.480> to<00:28:47.880> show 00:28:48.110 --> 00:28:48.120 align:start position:0% one example of the plants just to show 00:28:48.120 --> 00:28:50.430 align:start position:0% one example of the plants just to show you<00:28:48.840> how<00:28:49.039> Grassroots<00:28:49.519> economics<00:28:49.960> is<00:28:50.120> coming 00:28:50.430 --> 00:28:50.440 align:start position:0% you how Grassroots economics is coming 00:28:50.440 --> 00:28:54.029 align:start position:0% you how Grassroots economics is coming in<00:28:51.440> um<00:28:51.840> like<00:28:52.200> the<00:28:52.320> maze<00:28:53.240> the<00:28:53.360> beans<00:28:53.760> and<00:28:53.919> the 00:28:54.029 --> 00:28:54.039 align:start position:0% in um like the maze the beans and the 00:28:54.039 --> 00:28:55.990 align:start position:0% in um like the maze the beans and the Squash<00:28:54.679> you<00:28:54.799> know<00:28:54.919> for<00:28:55.120> the<00:28:55.240> longest<00:28:55.600> time<00:28:55.799> our 00:28:55.990 --> 00:28:56.000 align:start position:0% Squash you know for the longest time our 00:28:56.000 --> 00:28:57.430 align:start position:0% Squash you know for the longest time our ancestors<00:28:56.440> have<00:28:56.600> been<00:28:56.720> growing<00:28:57.120> them 00:28:57.430 --> 00:28:57.440 align:start position:0% ancestors have been growing them 00:28:57.440 --> 00:28:59.190 align:start position:0% ancestors have been growing them together<00:28:58.159> because<00:28:58.360> of<00:28:58.480> the<00:28:58.600> nutrients<00:28:59.039> that 00:28:59.190 --> 00:28:59.200 align:start position:0% together because of the nutrients that 00:28:59.200 --> 00:29:01.990 align:start position:0% together because of the nutrients that they<00:28:59.519> share<00:29:00.519> um<00:29:00.720> we<00:29:00.880> see<00:29:01.080> how<00:29:01.360> the<00:29:01.480> maze<00:29:01.799> will 00:29:01.990 --> 00:29:02.000 align:start position:0% they share um we see how the maze will 00:29:02.000 --> 00:29:04.430 align:start position:0% they share um we see how the maze will bring<00:29:02.200> the<00:29:02.360> phosphorus<00:29:03.120> you<00:29:03.279> know<00:29:03.880> the<00:29:04.320> the 00:29:04.430 --> 00:29:04.440 align:start position:0% bring the phosphorus you know the the 00:29:04.440 --> 00:29:07.029 align:start position:0% bring the phosphorus you know the the beans<00:29:04.840> will<00:29:05.039> get<00:29:05.279> the<00:29:05.440> nutrient<00:29:06.399> nitrogen 00:29:07.029 --> 00:29:07.039 align:start position:0% beans will get the nutrient nitrogen 00:29:07.039 --> 00:29:10.310 align:start position:0% beans will get the nutrient nitrogen from<00:29:07.440> the<00:29:07.600> air<00:29:08.200> convert<00:29:08.640> it<00:29:08.919> and<00:29:09.880> um<00:29:10.120> they 00:29:10.310 --> 00:29:10.320 align:start position:0% from the air convert it and um they 00:29:10.320 --> 00:29:13.750 align:start position:0% from the air convert it and um they squash<00:29:10.679> the<00:29:11.000> potassium<00:29:12.000> so<00:29:12.279> the<00:29:12.399> sharing<00:29:13.360> is 00:29:13.750 --> 00:29:13.760 align:start position:0% squash the potassium so the sharing is 00:29:13.760 --> 00:29:16.430 align:start position:0% squash the potassium so the sharing is is<00:29:14.200> is<00:29:14.760> made<00:29:15.120> possible<00:29:15.640> like<00:29:15.840> how<00:29:16.039> much<00:29:16.200> of<00:29:16.320> the 00:29:16.430 --> 00:29:16.440 align:start position:0% is is made possible like how much of the 00:29:16.440 --> 00:29:19.470 align:start position:0% is is made possible like how much of the phosphorus<00:29:17.000> does<00:29:17.600> the<00:29:17.760> squash<00:29:18.279> need<00:29:18.559> need<00:29:19.240> so 00:29:19.470 --> 00:29:19.480 align:start position:0% phosphorus does the squash need need so 00:29:19.480 --> 00:29:22.990 align:start position:0% phosphorus does the squash need need so that<00:29:19.600> is<00:29:19.760> made<00:29:20.039> possible<00:29:20.519> by<00:29:21.159> the<00:29:21.320> micop<00:29:22.039> fangi 00:29:22.990 --> 00:29:23.000 align:start position:0% that is made possible by the micop fangi 00:29:23.000 --> 00:29:25.870 align:start position:0% that is made possible by the micop fangi so<00:29:23.279> now<00:29:23.760> the<00:29:23.919> pulling<00:29:24.399> aspect<00:29:25.120> is<00:29:25.519> now<00:29:25.760> the 00:29:25.870 --> 00:29:25.880 align:start position:0% so now the pulling aspect is now the 00:29:25.880 --> 00:29:28.870 align:start position:0% so now the pulling aspect is now the micro<00:29:26.399> of<00:29:26.559> fangi<00:29:27.399> uh<00:29:27.640> what<00:29:28.360> economics<00:29:28.760> is 00:29:28.870 --> 00:29:28.880 align:start position:0% micro of fangi uh what economics is 00:29:28.880 --> 00:29:32.710 align:start position:0% micro of fangi uh what economics is doing<00:29:29.760> so<00:29:30.039> these<00:29:30.360> commitments<00:29:31.360> Grassroots<00:29:32.080> is 00:29:32.710 --> 00:29:32.720 align:start position:0% doing so these commitments Grassroots is 00:29:32.720 --> 00:29:35.070 align:start position:0% doing so these commitments Grassroots is uh<00:29:32.880> formalizing<00:29:33.640> them<00:29:33.880> adding<00:29:34.320> technology 00:29:35.070 --> 00:29:35.080 align:start position:0% uh formalizing them adding technology 00:29:35.080 --> 00:29:37.389 align:start position:0% uh formalizing them adding technology you<00:29:35.200> know<00:29:35.399> making<00:29:35.760> them<00:29:36.360> have<00:29:36.519> a<00:29:36.720> value<00:29:37.120> number 00:29:37.389 --> 00:29:37.399 align:start position:0% you know making them have a value number 00:29:37.399 --> 00:29:39.909 align:start position:0% you know making them have a value number one<00:29:38.080> number<00:29:38.360> two<00:29:39.120> they<00:29:39.279> have<00:29:39.399> a<00:29:39.600> special 00:29:39.909 --> 00:29:39.919 align:start position:0% one number two they have a special 00:29:39.919 --> 00:29:42.029 align:start position:0% one number two they have a special signature<00:29:40.360> you<00:29:40.480> can't<00:29:40.720> copy<00:29:41.039> them<00:29:41.720> number 00:29:42.029 --> 00:29:42.039 align:start position:0% signature you can't copy them number 00:29:42.039 --> 00:29:44.350 align:start position:0% signature you can't copy them number three<00:29:42.799> um<00:29:43.000> there's<00:29:43.159> a<00:29:43.320> demor<00:29:44.080> do<00:29:44.240> the 00:29:44.350 --> 00:29:44.360 align:start position:0% three um there's a demor do the 00:29:44.360 --> 00:29:47.470 align:start position:0% three um there's a demor do the deduction<00:29:44.760> to<00:29:44.880> make<00:29:45.000> sure<00:29:45.279> that<00:29:45.960> um<00:29:46.960> know<00:29:47.120> say 00:29:47.470 --> 00:29:47.480 align:start position:0% deduction to make sure that um know say 00:29:47.480 --> 00:29:50.389 align:start position:0% deduction to make sure that um know say circulation<00:29:48.480> and<00:29:48.799> also<00:29:49.320> to<00:29:49.519> make<00:29:49.720> sure<00:29:50.080> that 00:29:50.389 --> 00:29:50.399 align:start position:0% circulation and also to make sure that 00:29:50.399 --> 00:29:53.269 align:start position:0% circulation and also to make sure that the<00:29:50.640> holder<00:29:51.399> of<00:29:52.120> you<00:29:52.240> know<00:29:52.399> these<00:29:52.600> commitments 00:29:53.269 --> 00:29:53.279 align:start position:0% the holder of you know these commitments 00:29:53.279 --> 00:29:58.789 align:start position:0% the holder of you know these commitments can<00:29:54.399> um<00:29:55.399> Can<00:29:56.279> can<00:29:57.039> convert<00:29:57.519> them<00:29:58.080> from<00:29:58.480> the 00:29:58.789 --> 00:29:58.799 align:start position:0% can um Can can convert them from the 00:29:58.799 --> 00:30:02.909 align:start position:0% can um Can can convert them from the issuer<00:29:59.600> of<00:29:59.799> the<00:29:59.960> debt<00:30:00.360> you<00:30:00.519> know<00:30:01.720> so<00:30:02.720> that's 00:30:02.909 --> 00:30:02.919 align:start position:0% issuer of the debt you know so that's 00:30:02.919 --> 00:30:05.029 align:start position:0% issuer of the debt you know so that's the<00:30:03.080> whole<00:30:03.279> idea<00:30:03.640> like<00:30:03.919> grass<00:30:04.399> economics<00:30:04.919> you 00:30:05.029 --> 00:30:05.039 align:start position:0% the whole idea like grass economics you 00:30:05.039 --> 00:30:07.470 align:start position:0% the whole idea like grass economics you know<00:30:05.159> formalizing<00:30:05.840> this<00:30:06.120> and<00:30:06.399> helping<00:30:07.000> make<00:30:07.240> a 00:30:07.470 --> 00:30:07.480 align:start position:0% know formalizing this and helping make a 00:30:07.480 --> 00:30:10.110 align:start position:0% know formalizing this and helping make a pool<00:30:08.200> where<00:30:08.559> community<00:30:09.000> members<00:30:09.440> can<00:30:09.720> put<00:30:09.919> in 00:30:10.110 --> 00:30:10.120 align:start position:0% pool where community members can put in 00:30:10.120 --> 00:30:12.990 align:start position:0% pool where community members can put in their<00:30:10.320> commitments<00:30:10.840> and<00:30:11.039> pull<00:30:11.320> out<00:30:12.120> um<00:30:12.760> what 00:30:12.990 --> 00:30:13.000 align:start position:0% their commitments and pull out um what 00:30:13.000 --> 00:30:15.070 align:start position:0% their commitments and pull out um what they<00:30:13.159> need<00:30:13.720> you<00:30:13.880> know<00:30:14.080> also<00:30:14.279> bringing<00:30:14.640> out<00:30:14.880> the 00:30:15.070 --> 00:30:15.080 align:start position:0% they need you know also bringing out the 00:30:15.080 --> 00:30:18.870 align:start position:0% they need you know also bringing out the aspect<00:30:15.600> of<00:30:16.159> of<00:30:16.559> resilience<00:30:17.360> because<00:30:18.200> if<00:30:18.640> for 00:30:18.870 --> 00:30:18.880 align:start position:0% aspect of of resilience because if for 00:30:18.880 --> 00:30:20.950 align:start position:0% aspect of of resilience because if for instance<00:30:19.279> I<00:30:19.399> do<00:30:19.559> not<00:30:19.760> need<00:30:20.080> what<00:30:20.240> you<00:30:20.519> have 00:30:20.950 --> 00:30:20.960 align:start position:0% instance I do not need what you have 00:30:20.960 --> 00:30:23.230 align:start position:0% instance I do not need what you have what<00:30:21.120> you<00:30:21.360> have<00:30:21.720> and<00:30:22.200> maybe<00:30:22.440> you<00:30:22.559> need<00:30:22.799> mine<00:30:23.120> I 00:30:23.230 --> 00:30:23.240 align:start position:0% what you have and maybe you need mine I 00:30:23.240 --> 00:30:24.870 align:start position:0% what you have and maybe you need mine I can<00:30:23.640> use<00:30:23.880> your<00:30:24.080> commitments<00:30:24.519> to<00:30:24.679> get 00:30:24.870 --> 00:30:24.880 align:start position:0% can use your commitments to get 00:30:24.880 --> 00:30:28.269 align:start position:0% can use your commitments to get something<00:30:25.240> else<00:30:25.760> from<00:30:25.960> the<00:30:26.120> pooling<00:30:27.039> yes 00:30:28.269 --> 00:30:28.279 align:start position:0% something else from the pooling yes 00:30:28.279 --> 00:30:31.789 align:start position:0% something else from the pooling yes amazing<00:30:29.279> um<00:30:29.799> and<00:30:30.519> can<00:30:30.679> you<00:30:30.799> share<00:30:31.080> a<00:30:31.240> bit<00:30:31.399> about 00:30:31.789 --> 00:30:31.799 align:start position:0% amazing um and can you share a bit about 00:30:31.799 --> 00:30:34.110 align:start position:0% amazing um and can you share a bit about the<00:30:32.080> the<00:30:32.320> types<00:30:32.600> of<00:30:32.799> commitments<00:30:33.399> people<00:30:33.640> are 00:30:34.110 --> 00:30:34.120 align:start position:0% the the types of commitments people are 00:30:34.120 --> 00:30:37.990 align:start position:0% the the types of commitments people are saying<00:30:34.600> hey<00:30:34.960> I<00:30:35.039> will<00:30:35.480> do<00:30:36.200> ABCD<00:30:37.200> and<00:30:37.519> also<00:30:37.799> just 00:30:37.990 --> 00:30:38.000 align:start position:0% saying hey I will do ABCD and also just 00:30:38.000 --> 00:30:40.230 align:start position:0% saying hey I will do ABCD and also just give<00:30:38.159> us<00:30:38.279> a<00:30:38.399> bit<00:30:38.519> of<00:30:38.640> an<00:30:38.880> indication<00:30:39.880> what<00:30:40.039> is 00:30:40.230 --> 00:30:40.240 align:start position:0% give us a bit of an indication what is 00:30:40.240 --> 00:30:43.029 align:start position:0% give us a bit of an indication what is the<00:30:40.519> scale<00:30:41.519> of<00:30:41.760> operation<00:30:42.320> that<00:30:42.440> is<00:30:42.679> happening 00:30:43.029 --> 00:30:43.039 align:start position:0% the scale of operation that is happening 00:30:43.039 --> 00:30:45.870 align:start position:0% the scale of operation that is happening in<00:30:43.200> this<00:30:43.399> way<00:30:43.640> right<00:30:44.000> now<00:30:45.000> so<00:30:45.320> um<00:30:45.480> I'm<00:30:45.600> going<00:30:45.760> to 00:30:45.870 --> 00:30:45.880 align:start position:0% in this way right now so um I'm going to 00:30:45.880 --> 00:30:47.389 align:start position:0% in this way right now so um I'm going to give<00:30:46.000> you<00:30:46.120> a<00:30:46.240> good<00:30:46.440> example<00:30:46.799> of<00:30:46.960> where<00:30:47.080> I<00:30:47.200> come 00:30:47.389 --> 00:30:47.399 align:start position:0% give you a good example of where I come 00:30:47.399 --> 00:30:51.549 align:start position:0% give you a good example of where I come from<00:30:48.080> um<00:30:48.440> I<00:30:48.559> come<00:30:48.720> from<00:30:48.960> kifi<00:30:49.840> and<00:30:50.760> uh<00:30:51.000> from<00:30:51.320> my 00:30:51.549 --> 00:30:51.559 align:start position:0% from um I come from kifi and uh from my 00:30:51.559 --> 00:30:54.070 align:start position:0% from um I come from kifi and uh from my community<00:30:52.320> I'm<00:30:52.519> in<00:30:52.720> three<00:30:52.960> groups<00:30:53.440> so<00:30:53.720> group 00:30:54.070 --> 00:30:54.080 align:start position:0% community I'm in three groups so group 00:30:54.080 --> 00:30:58.029 align:start position:0% community I'm in three groups so group one<00:30:55.080> um<00:30:55.279> is<00:30:55.440> a<00:30:56.039> group<00:30:56.320> of<00:30:56.720> women<00:30:57.519> um<00:30:57.639> the 00:30:58.029 --> 00:30:58.039 align:start position:0% one um is a group of women um the 00:30:58.039 --> 00:30:59.950 align:start position:0% one um is a group of women um the already<00:30:58.440> have<00:30:58.960> you<00:30:59.080> know<00:30:59.200> formed<00:30:59.559> a<00:30:59.679> group 00:30:59.950 --> 00:30:59.960 align:start position:0% already have you know formed a group 00:30:59.960 --> 00:31:03.070 align:start position:0% already have you know formed a group they<00:31:00.080> have<00:31:00.279> their<00:31:00.399> own<00:31:01.120> Vision<00:31:02.120> um<00:31:02.720> you<00:31:02.840> know 00:31:03.070 --> 00:31:03.080 align:start position:0% they have their own Vision um you know 00:31:03.080 --> 00:31:05.389 align:start position:0% they have their own Vision um you know they<00:31:03.200> have<00:31:03.360> their<00:31:03.519> own<00:31:03.720> rules<00:31:04.120> a<00:31:04.399> constitution 00:31:05.389 --> 00:31:05.399 align:start position:0% they have their own rules a constitution 00:31:05.399 --> 00:31:07.909 align:start position:0% they have their own rules a constitution so<00:31:06.200> the<00:31:06.360> idea<00:31:06.840> when<00:31:07.000> you<00:31:07.120> go<00:31:07.240> to<00:31:07.360> a<00:31:07.480> community 00:31:07.909 --> 00:31:07.919 align:start position:0% so the idea when you go to a community 00:31:07.919 --> 00:31:09.789 align:start position:0% so the idea when you go to a community is<00:31:08.159> for<00:31:08.360> them<00:31:08.480> to<00:31:08.880> understand<00:31:09.039> the<00:31:09.240> different 00:31:09.789 --> 00:31:09.799 align:start position:0% is for them to understand the different 00:31:09.799 --> 00:31:11.310 align:start position:0% is for them to understand the different assets<00:31:10.279> that<00:31:10.440> are<00:31:10.600> in<00:31:10.720> the<00:31:10.840> community<00:31:11.200> for 00:31:11.310 --> 00:31:11.320 align:start position:0% assets that are in the community for 00:31:11.320 --> 00:31:13.070 align:start position:0% assets that are in the community for them<00:31:11.440> to<00:31:11.799> understand<00:31:11.960> they<00:31:12.120> have<00:31:12.240> a<00:31:12.440> lot<00:31:12.919> to 00:31:13.070 --> 00:31:13.080 align:start position:0% them to understand they have a lot to 00:31:13.080 --> 00:31:16.029 align:start position:0% them to understand they have a lot to share<00:31:13.840> like<00:31:14.320> the<00:31:14.639> you<00:31:14.760> know<00:31:15.399> the<00:31:15.600> social 00:31:16.029 --> 00:31:16.039 align:start position:0% share like the you know the social 00:31:16.039 --> 00:31:18.350 align:start position:0% share like the you know the social assets<00:31:16.399> the<00:31:16.559> financial<00:31:17.240> assets<00:31:18.159> the 00:31:18.350 --> 00:31:18.360 align:start position:0% assets the financial assets the 00:31:18.360 --> 00:31:20.909 align:start position:0% assets the financial assets the governance<00:31:19.039> assets<00:31:19.600> at<00:31:19.799> what<00:31:20.000> level<00:31:20.399> is<00:31:20.720> each 00:31:20.909 --> 00:31:20.919 align:start position:0% governance assets at what level is each 00:31:20.919 --> 00:31:23.830 align:start position:0% governance assets at what level is each one<00:31:21.120> of<00:31:21.360> them<00:31:22.240> and<00:31:22.919> how<00:31:23.120> can<00:31:23.279> they<00:31:23.440> help<00:31:23.679> one 00:31:23.830 --> 00:31:23.840 align:start position:0% one of them and how can they help one 00:31:23.840 --> 00:31:27.430 align:start position:0% one of them and how can they help one another<00:31:24.639> so<00:31:25.240> you<00:31:25.519> in<00:31:25.840> these<00:31:26.159> groups<00:31:26.679> you<00:31:26.840> know 00:31:27.430 --> 00:31:27.440 align:start position:0% another so you in these groups you know 00:31:27.440 --> 00:31:29.029 align:start position:0% another so you in these groups you know we<00:31:27.559> will<00:31:27.720> see<00:31:27.960> see<00:31:28.120> that<00:31:28.360> there's<00:31:28.639> a<00:31:28.799> person 00:31:29.029 --> 00:31:29.039 align:start position:0% we will see see that there's a person 00:31:29.039 --> 00:31:31.269 align:start position:0% we will see see that there's a person who<00:31:29.200> will<00:31:29.360> have<00:31:29.559> hairdressing<00:31:30.200> skills<00:31:31.120> uh 00:31:31.269 --> 00:31:31.279 align:start position:0% who will have hairdressing skills uh 00:31:31.279 --> 00:31:33.629 align:start position:0% who will have hairdressing skills uh there's<00:31:31.440> a<00:31:31.600> farmer<00:31:32.559> there's<00:31:33.000> a<00:31:33.159> person<00:31:33.480> who 00:31:33.629 --> 00:31:33.639 align:start position:0% there's a farmer there's a person who 00:31:33.639 --> 00:31:35.990 align:start position:0% there's a farmer there's a person who can<00:31:33.960> teach<00:31:34.240> tell<00:31:34.559> stories<00:31:35.360> you<00:31:35.480> know<00:31:35.639> they<00:31:35.880> can 00:31:35.990 --> 00:31:36.000 align:start position:0% can teach tell stories you know they can 00:31:36.000 --> 00:31:38.750 align:start position:0% can teach tell stories you know they can teach<00:31:36.279> traditional<00:31:37.200> songs<00:31:38.200> we<00:31:38.360> you<00:31:38.440> know<00:31:38.639> at 00:31:38.750 --> 00:31:38.760 align:start position:0% teach traditional songs we you know at 00:31:38.760 --> 00:31:40.629 align:start position:0% teach traditional songs we you know at the<00:31:38.840> end<00:31:39.000> of<00:31:39.120> the<00:31:39.279> day<00:31:39.600> there's<00:31:39.880> just<00:31:40.080> so<00:31:40.279> much 00:31:40.629 --> 00:31:40.639 align:start position:0% the end of the day there's just so much 00:31:40.639 --> 00:31:42.590 align:start position:0% the end of the day there's just so much like<00:31:40.840> in<00:31:41.080> kiriba<00:31:41.600> kiriba<00:31:42.039> is<00:31:42.159> one<00:31:42.279> of<00:31:42.399> the 00:31:42.590 --> 00:31:42.600 align:start position:0% like in kiriba kiriba is one of the 00:31:42.600 --> 00:31:46.669 align:start position:0% like in kiriba kiriba is one of the groups<00:31:43.600> um<00:31:43.919> there's<00:31:44.799> uh<00:31:45.120> cooking<00:31:45.679> skills 00:31:46.669 --> 00:31:46.679 align:start position:0% groups um there's uh cooking skills 00:31:46.679 --> 00:31:48.870 align:start position:0% groups um there's uh cooking skills there's<00:31:47.240> you<00:31:47.360> know<00:31:47.639> people<00:31:47.880> who<00:31:48.000> can<00:31:48.200> wash 00:31:48.870 --> 00:31:48.880 align:start position:0% there's you know people who can wash 00:31:48.880 --> 00:31:50.710 align:start position:0% there's you know people who can wash clothes<00:31:49.639> there<00:31:49.760> are<00:31:49.880> people<00:31:50.120> who<00:31:50.240> can<00:31:50.360> teal 00:31:50.710 --> 00:31:50.720 align:start position:0% clothes there are people who can teal 00:31:50.720 --> 00:31:52.190 align:start position:0% clothes there are people who can teal land<00:31:51.120> there<00:31:51.200> are<00:31:51.320> people<00:31:51.519> who<00:31:51.639> can<00:31:51.880> build 00:31:52.190 --> 00:31:52.200 align:start position:0% land there are people who can build 00:31:52.200 --> 00:31:55.509 align:start position:0% land there are people who can build houses<00:31:52.960> there<00:31:53.039> are<00:31:53.200> people<00:31:53.480> who<00:31:53.760> have<00:31:54.399> um<00:31:54.799> food 00:31:55.509 --> 00:31:55.519 align:start position:0% houses there are people who have um food 00:31:55.519 --> 00:31:56.230 align:start position:0% houses there are people who have um food to 00:31:56.230 --> 00:31:56.240 align:start position:0% to 00:31:56.240 --> 00:31:59.310 align:start position:0% to offer<00:31:57.240> yes<00:31:57.919> so<00:31:58.080> that's<00:31:58.240> a<00:31:58.360> good<00:31:58.559> example<00:31:59.200> and 00:31:59.310 --> 00:31:59.320 align:start position:0% offer yes so that's a good example and 00:31:59.320 --> 00:32:02.830 align:start position:0% offer yes so that's a good example and and<00:31:59.559> so<00:32:00.559> like<00:32:00.840> my<00:32:01.240> understanding<00:32:01.440> is<00:32:01.639> a<00:32:02.080> you<00:32:02.679> a 00:32:02.830 --> 00:32:02.840 align:start position:0% and so like my understanding is a you a 00:32:02.840 --> 00:32:05.230 align:start position:0% and so like my understanding is a you a community<00:32:03.240> is<00:32:03.360> made<00:32:03.559> up<00:32:03.720> of<00:32:03.919> around<00:32:04.200> 20<00:32:04.600> people 00:32:05.230 --> 00:32:05.240 align:start position:0% community is made up of around 20 people 00:32:05.240 --> 00:32:07.350 align:start position:0% community is made up of around 20 people yes<00:32:05.720> and<00:32:05.960> how<00:32:06.080> many<00:32:06.279> of<00:32:06.440> these<00:32:06.679> communities<00:32:07.240> do 00:32:07.350 --> 00:32:07.360 align:start position:0% yes and how many of these communities do 00:32:07.360 --> 00:32:10.710 align:start position:0% yes and how many of these communities do you<00:32:07.600> have<00:32:07.919> right<00:32:08.080> now<00:32:08.559> we<00:32:08.720> have<00:32:09.000> 120<00:32:10.000> groups<00:32:10.519> in 00:32:10.710 --> 00:32:10.720 align:start position:0% you have right now we have 120 groups in 00:32:10.720 --> 00:32:13.470 align:start position:0% you have right now we have 120 groups in Kenya<00:32:11.159> and<00:32:11.360> also<00:32:11.679> Beyond<00:32:12.080> Uganda 00:32:13.470 --> 00:32:13.480 align:start position:0% Kenya and also Beyond Uganda 00:32:13.480 --> 00:32:16.950 align:start position:0% Kenya and also Beyond Uganda Colombia<00:32:14.480> yes<00:32:15.000> yeah<00:32:15.559> and<00:32:16.200> just<00:32:16.440> give<00:32:16.559> us<00:32:16.720> a<00:32:16.840> bit 00:32:16.950 --> 00:32:16.960 align:start position:0% Colombia yes yeah and just give us a bit 00:32:16.960 --> 00:32:19.230 align:start position:0% Colombia yes yeah and just give us a bit of<00:32:17.080> an<00:32:17.240> indication<00:32:17.960> how<00:32:18.159> have<00:32:18.399> people<00:32:18.720> using 00:32:19.230 --> 00:32:19.240 align:start position:0% of an indication how have people using 00:32:19.240 --> 00:32:21.389 align:start position:0% of an indication how have people using this<00:32:19.440> over<00:32:19.679> the<00:32:19.840> last<00:32:20.120> years<00:32:20.519> like<00:32:21.120> the 00:32:21.389 --> 00:32:21.399 align:start position:0% this over the last years like the 00:32:21.399 --> 00:32:23.909 align:start position:0% this over the last years like the transactions<00:32:22.200> you've<00:32:22.519> had<00:32:22.840> and<00:32:23.240> we<00:32:23.360> can<00:32:23.639> talk 00:32:23.909 --> 00:32:23.919 align:start position:0% transactions you've had and we can talk 00:32:23.919 --> 00:32:25.430 align:start position:0% transactions you've had and we can talk a<00:32:24.000> little<00:32:24.200> bit<00:32:24.399> about<00:32:24.679> the<00:32:24.840> offchain<00:32:25.279> and 00:32:25.430 --> 00:32:25.440 align:start position:0% a little bit about the offchain and 00:32:25.440 --> 00:32:28.269 align:start position:0% a little bit about the offchain and onchain<00:32:25.840> element<00:32:26.279> as<00:32:26.440> well<00:32:26.960> yeah<00:32:27.399> so<00:32:27.600> in<00:32:28.159> they 00:32:28.269 --> 00:32:28.279 align:start position:0% onchain element as well yeah so in they 00:32:28.279 --> 00:32:31.590 align:start position:0% onchain element as well yeah so in they use<00:32:28.519> the<00:32:28.679> ussd<00:32:29.639> wallet<00:32:30.200> which<00:32:30.320> is<00:32:30.519> also<00:32:31.399> um 00:32:31.590 --> 00:32:31.600 align:start position:0% use the ussd wallet which is also um 00:32:31.600 --> 00:32:34.389 align:start position:0% use the ussd wallet which is also um connected<00:32:32.039> to<00:32:32.200> the<00:32:32.360> web<00:32:33.000> interface<00:32:34.000> um<00:32:34.159> so 00:32:34.389 --> 00:32:34.399 align:start position:0% connected to the web interface um so 00:32:34.399 --> 00:32:37.710 align:start position:0% connected to the web interface um so each<00:32:34.840> of<00:32:35.080> these<00:32:35.720> users<00:32:36.720> um<00:32:36.919> of<00:32:37.080> the<00:32:37.240> vouchers 00:32:37.710 --> 00:32:37.720 align:start position:0% each of these users um of the vouchers 00:32:37.720 --> 00:32:39.950 align:start position:0% each of these users um of the vouchers have<00:32:37.919> a<00:32:38.080> wallet<00:32:39.080> um<00:32:39.279> and<00:32:39.399> so<00:32:39.639> when<00:32:39.760> they're 00:32:39.950 --> 00:32:39.960 align:start position:0% have a wallet um and so when they're 00:32:39.960 --> 00:32:41.509 align:start position:0% have a wallet um and so when they're doing<00:32:40.159> the<00:32:40.279> trades<00:32:40.600> they<00:32:40.760> normally<00:32:41.120> just<00:32:41.279> send 00:32:41.509 --> 00:32:41.519 align:start position:0% doing the trades they normally just send 00:32:41.519 --> 00:32:42.950 align:start position:0% doing the trades they normally just send the<00:32:41.639> vouchers<00:32:42.200> so<00:32:42.360> for<00:32:42.519> instance<00:32:42.840> when 00:32:42.950 --> 00:32:42.960 align:start position:0% the vouchers so for instance when 00:32:42.960 --> 00:32:45.190 align:start position:0% the vouchers so for instance when they're<00:32:43.120> doing<00:32:43.279> the<00:32:43.399> rotation<00:32:43.760> of<00:32:43.960> Labor<00:32:44.919> the 00:32:45.190 --> 00:32:45.200 align:start position:0% they're doing the rotation of Labor the 00:32:45.200 --> 00:32:48.190 align:start position:0% they're doing the rotation of Labor the the<00:32:45.399> hosts<00:32:46.039> will<00:32:46.519> accept<00:32:47.360> um<00:32:47.559> these<00:32:47.760> people<00:32:48.000> to 00:32:48.190 --> 00:32:48.200 align:start position:0% the hosts will accept um these people to 00:32:48.200 --> 00:32:50.750 align:start position:0% the hosts will accept um these people to come<00:32:48.399> and<00:32:48.600> work<00:32:48.880> for<00:32:49.120> him<00:32:49.519> build<00:32:49.799> a<00:32:50.000> house<00:32:50.639> at 00:32:50.750 --> 00:32:50.760 align:start position:0% come and work for him build a house at 00:32:50.760 --> 00:32:52.909 align:start position:0% come and work for him build a house at the<00:32:50.880> end<00:32:51.039> of<00:32:51.200> the<00:32:51.399> day<00:32:52.000> the<00:32:52.159> host<00:32:52.440> will<00:32:52.679> pay 00:32:52.909 --> 00:32:52.919 align:start position:0% the end of the day the host will pay 00:32:52.919 --> 00:32:54.629 align:start position:0% the end of the day the host will pay them<00:32:53.080> with<00:32:53.200> the<00:32:53.360> vouchers<00:32:54.159> the<00:32:54.279> next<00:32:54.480> time 00:32:54.629 --> 00:32:54.639 align:start position:0% them with the vouchers the next time 00:32:54.639 --> 00:32:55.830 align:start position:0% them with the vouchers the next time they'll<00:32:54.880> go<00:32:55.000> to<00:32:55.080> someone<00:32:55.399> else<00:32:55.600> and<00:32:55.720> the 00:32:55.830 --> 00:32:55.840 align:start position:0% they'll go to someone else and the 00:32:55.840 --> 00:32:58.070 align:start position:0% they'll go to someone else and the vouchers<00:32:56.320> will<00:32:56.799> will<00:32:56.960> be<00:32:57.159> paid<00:32:57.639> so<00:32:57.840> so<00:32:58.000> there 00:32:58.070 --> 00:32:58.080 align:start position:0% vouchers will will be paid so so there 00:32:58.080 --> 00:32:59.909 align:start position:0% vouchers will will be paid so so there are<00:32:58.200> going<00:32:58.320> to<00:32:58.440> be<00:32:58.679> several<00:32:59.080> pools<00:32:59.679> and<00:32:59.799> the 00:32:59.909 --> 00:32:59.919 align:start position:0% are going to be several pools and the 00:32:59.919 --> 00:33:01.549 align:start position:0% are going to be several pools and the pools<00:33:00.200> are<00:33:00.320> going<00:33:00.480> to<00:33:00.600> be<00:33:00.720> interconnected 00:33:01.549 --> 00:33:01.559 align:start position:0% pools are going to be interconnected 00:33:01.559 --> 00:33:05.149 align:start position:0% pools are going to be interconnected together<00:33:02.399> uh<00:33:02.840> by<00:33:03.840> um<00:33:04.159> having<00:33:04.399> a<00:33:04.519> market<00:33:04.919> day 00:33:05.149 --> 00:33:05.159 align:start position:0% together uh by um having a market day 00:33:05.159 --> 00:33:07.430 align:start position:0% together uh by um having a market day that<00:33:05.279> is<00:33:05.440> unique<00:33:05.840> for<00:33:06.399> that<00:33:06.519> is<00:33:06.760> common<00:33:07.080> for 00:33:07.430 --> 00:33:07.440 align:start position:0% that is unique for that is common for 00:33:07.440 --> 00:33:09.190 align:start position:0% that is unique for that is common for all<00:33:07.639> the<00:33:07.799> groups<00:33:08.279> so<00:33:08.519> that<00:33:08.639> is<00:33:08.840> where<00:33:09.080> the 00:33:09.190 --> 00:33:09.200 align:start position:0% all the groups so that is where the 00:33:09.200 --> 00:33:11.830 align:start position:0% all the groups so that is where the pools<00:33:09.600> meet<00:33:10.159> and<00:33:10.720> more<00:33:11.080> and<00:33:11.240> more<00:33:11.440> services 00:33:11.830 --> 00:33:11.840 align:start position:0% pools meet and more and more services 00:33:11.840 --> 00:33:15.110 align:start position:0% pools meet and more and more services are<00:33:12.480> exchanged<00:33:13.480> yeah<00:33:14.000> that's<00:33:14.240> amazing<00:33:14.679> so 00:33:15.110 --> 00:33:15.120 align:start position:0% are exchanged yeah that's amazing so 00:33:15.120 --> 00:33:17.990 align:start position:0% are exchanged yeah that's amazing so some<00:33:15.320> of<00:33:15.480> us<00:33:15.720> came<00:33:15.880> and<00:33:16.480> visited<00:33:17.480> uh<00:33:17.760> the 00:33:17.990 --> 00:33:18.000 align:start position:0% some of us came and visited uh the 00:33:18.000 --> 00:33:20.990 align:start position:0% some of us came and visited uh the operations<00:33:18.559> in<00:33:18.840> kifi<00:33:19.720> and<00:33:19.880> we<00:33:20.120> actually<00:33:20.480> used 00:33:20.990 --> 00:33:21.000 align:start position:0% operations in kifi and we actually used 00:33:21.000 --> 00:33:24.750 align:start position:0% operations in kifi and we actually used the<00:33:21.639> uh<00:33:22.000> ussd<00:33:22.799> app<00:33:23.440> is<00:33:23.679> basically<00:33:24.039> for<00:33:24.279> future 00:33:24.750 --> 00:33:24.760 align:start position:0% the uh ussd app is basically for future 00:33:24.760 --> 00:33:26.909 align:start position:0% the uh ussd app is basically for future phone<00:33:25.240> so<00:33:25.720> you're<00:33:26.000> basically<00:33:26.399> using<00:33:26.720> the 00:33:26.909 --> 00:33:26.919 align:start position:0% phone so you're basically using the 00:33:26.919 --> 00:33:28.269 align:start position:0% phone so you're basically using the telone<00:33:27.399> network 00:33:28.269 --> 00:33:28.279 align:start position:0% telone network 00:33:28.279 --> 00:33:30.389 align:start position:0% telone network to<00:33:28.559> send<00:33:29.120> commitment<00:33:29.600> vouchers<00:33:30.039> to<00:33:30.240> each 00:33:30.389 --> 00:33:30.399 align:start position:0% to send commitment vouchers to each 00:33:30.399 --> 00:33:32.830 align:start position:0% to send commitment vouchers to each other<00:33:31.039> and<00:33:31.200> each<00:33:31.480> transaction<00:33:32.120> would<00:33:32.360> trigger 00:33:32.830 --> 00:33:32.840 align:start position:0% other and each transaction would trigger 00:33:32.840 --> 00:33:35.509 align:start position:0% other and each transaction would trigger an<00:33:33.039> onchain<00:33:33.799> transaction<00:33:34.760> from<00:33:34.960> a<00:33:35.159> wallet 00:33:35.509 --> 00:33:35.519 align:start position:0% an onchain transaction from a wallet 00:33:35.519 --> 00:33:37.430 align:start position:0% an onchain transaction from a wallet that<00:33:35.639> is<00:33:35.880> actually<00:33:36.279> connected<00:33:36.799> to<00:33:36.960> the<00:33:37.120> phone 00:33:37.430 --> 00:33:37.440 align:start position:0% that is actually connected to the phone 00:33:37.440 --> 00:33:40.789 align:start position:0% that is actually connected to the phone number<00:33:38.320> of<00:33:38.559> that<00:33:38.799> person<00:33:39.559> yeah<00:33:39.799> right<00:33:40.000> and<00:33:40.679> did 00:33:40.789 --> 00:33:40.799 align:start position:0% number of that person yeah right and did 00:33:40.799 --> 00:33:42.549 align:start position:0% number of that person yeah right and did I<00:33:40.960> hear<00:33:41.159> correctly<00:33:41.519> there's<00:33:41.639> a<00:33:42.120> million 00:33:42.549 --> 00:33:42.559 align:start position:0% I hear correctly there's a million 00:33:42.559 --> 00:33:45.629 align:start position:0% I hear correctly there's a million transactions<00:33:43.200> have<00:33:43.440> happened<00:33:44.159> 1.2<00:33:45.159> million 00:33:45.629 --> 00:33:45.639 align:start position:0% transactions have happened 1.2 million 00:33:45.639 --> 00:33:48.710 align:start position:0% transactions have happened 1.2 million transactions<00:33:46.600> wow<00:33:47.600> wow<00:33:47.799> and<00:33:47.919> how<00:33:48.039> many<00:33:48.279> people 00:33:48.710 --> 00:33:48.720 align:start position:0% transactions wow wow and how many people 00:33:48.720 --> 00:33:51.350 align:start position:0% transactions wow wow and how many people used<00:33:49.000> it<00:33:49.159> so<00:33:49.399> far<00:33:50.279> we<00:33:50.440> have 00:33:51.350 --> 00:33:51.360 align:start position:0% used it so far we have 00:33:51.360 --> 00:33:54.269 align:start position:0% used it so far we have 65,000<00:33:52.360> um<00:33:52.639> holders<00:33:53.039> and<00:33:53.200> issuers<00:33:53.559> of<00:33:53.720> these 00:33:54.269 --> 00:33:54.279 align:start position:0% 65,000 um holders and issuers of these 00:33:54.279 --> 00:33:57.389 align:start position:0% 65,000 um holders and issuers of these vouchers<00:33:55.320> commitments<00:33:56.320> yeah<00:33:56.840> so<00:33:57.039> this<00:33:57.159> is 00:33:57.389 --> 00:33:57.399 align:start position:0% vouchers commitments yeah so this is 00:33:57.399 --> 00:34:00.070 align:start position:0% vouchers commitments yeah so this is like<00:33:57.960> rethinking<00:33:58.799> what<00:33:59.120> what<00:33:59.240> is<00:33:59.399> money 00:34:00.070 --> 00:34:00.080 align:start position:0% like rethinking what what is money 00:34:00.080 --> 00:34:01.909 align:start position:0% like rethinking what what is money ultimately<00:34:00.639> right<00:34:00.919> money<00:34:01.200> is<00:34:01.399> kind<00:34:01.559> of<00:34:01.720> a 00:34:01.909 --> 00:34:01.919 align:start position:0% ultimately right money is kind of a 00:34:01.919 --> 00:34:04.149 align:start position:0% ultimately right money is kind of a representation<00:34:02.600> of<00:34:02.720> a<00:34:02.919> commitment<00:34:03.880> it's<00:34:04.000> a 00:34:04.149 --> 00:34:04.159 align:start position:0% representation of a commitment it's a 00:34:04.159 --> 00:34:06.549 align:start position:0% representation of a commitment it's a bank<00:34:04.480> note<00:34:04.720> You'<00:34:05.039> use<00:34:05.320> money<00:34:05.639> to<00:34:05.880> go<00:34:06.080> back<00:34:06.399> and 00:34:06.549 --> 00:34:06.559 align:start position:0% bank note You' use money to go back and 00:34:06.559 --> 00:34:09.069 align:start position:0% bank note You' use money to go back and get<00:34:06.799> some<00:34:07.120> value<00:34:07.559> from<00:34:07.760> a<00:34:07.960> bank<00:34:08.679> right<00:34:08.919> you 00:34:09.069 --> 00:34:09.079 align:start position:0% get some value from a bank right you 00:34:09.079 --> 00:34:11.869 align:start position:0% get some value from a bank right you guys<00:34:09.240> have<00:34:09.480> basically<00:34:10.079> used<00:34:10.960> actually<00:34:11.280> defi 00:34:11.869 --> 00:34:11.879 align:start position:0% guys have basically used actually defi 00:34:11.879 --> 00:34:13.589 align:start position:0% guys have basically used actually defi Primitives<00:34:12.800> to 00:34:13.589 --> 00:34:13.599 align:start position:0% Primitives to 00:34:13.599 --> 00:34:17.510 align:start position:0% Primitives to recreate<00:34:14.599> like<00:34:14.720> a<00:34:15.000> localized<00:34:15.720> money<00:34:16.520> system 00:34:17.510 --> 00:34:17.520 align:start position:0% recreate like a localized money system 00:34:17.520 --> 00:34:19.629 align:start position:0% recreate like a localized money system built<00:34:17.879> with<00:34:18.119> commitments<00:34:18.639> and<00:34:18.879> these<00:34:19.159> pools 00:34:19.629 --> 00:34:19.639 align:start position:0% built with commitments and these pools 00:34:19.639 --> 00:34:21.510 align:start position:0% built with commitments and these pools of<00:34:19.760> a<00:34:19.960> community<00:34:20.440> connect<00:34:20.800> to<00:34:21.000> many<00:34:21.240> other 00:34:21.510 --> 00:34:21.520 align:start position:0% of a community connect to many other 00:34:21.520 --> 00:34:24.149 align:start position:0% of a community connect to many other community<00:34:22.000> pools<00:34:22.839> so<00:34:23.079> there's<00:34:23.679> basically 00:34:24.149 --> 00:34:24.159 align:start position:0% community pools so there's basically 00:34:24.159 --> 00:34:26.750 align:start position:0% community pools so there's basically like<00:34:24.599> we're<00:34:24.800> sharing<00:34:25.560> liquidity<00:34:26.560> but 00:34:26.750 --> 00:34:26.760 align:start position:0% like we're sharing liquidity but 00:34:26.760 --> 00:34:28.270 align:start position:0% like we're sharing liquidity but liquidity<00:34:27.280> is<00:34:27.440> not 00:34:28.270 --> 00:34:28.280 align:start position:0% liquidity is not 00:34:28.280 --> 00:34:31.550 align:start position:0% liquidity is not like<00:34:28.720> a<00:34:29.720> dollar<00:34:30.079> stable<00:34:30.480> coin<00:34:31.200> it<00:34:31.320> is 00:34:31.550 --> 00:34:31.560 align:start position:0% like a dollar stable coin it is 00:34:31.560 --> 00:34:33.589 align:start position:0% like a dollar stable coin it is basically<00:34:32.159> actual<00:34:32.480> commitments<00:34:33.000> people<00:34:33.200> are 00:34:33.589 --> 00:34:33.599 align:start position:0% basically actual commitments people are 00:34:33.599 --> 00:34:35.909 align:start position:0% basically actual commitments people are making<00:34:34.599> what<00:34:34.720> has<00:34:34.879> been<00:34:35.079> the<00:34:35.240> impact<00:34:35.800> that 00:34:35.909 --> 00:34:35.919 align:start position:0% making what has been the impact that 00:34:35.919 --> 00:34:38.389 align:start position:0% making what has been the impact that you've<00:34:36.119> seen<00:34:36.399> so<00:34:36.639> far<00:34:36.960> in<00:34:37.240> how<00:34:37.520> this<00:34:37.639> is 00:34:38.389 --> 00:34:38.399 align:start position:0% you've seen so far in how this is 00:34:38.399 --> 00:34:40.270 align:start position:0% you've seen so far in how this is changing<00:34:38.879> people's<00:34:39.280> lives<00:34:39.520> you<00:34:39.679> talked<00:34:39.960> about 00:34:40.270 --> 00:34:40.280 align:start position:0% changing people's lives you talked about 00:34:40.280 --> 00:34:41.909 align:start position:0% changing people's lives you talked about houses<00:34:40.679> being<00:34:40.919> built 00:34:41.909 --> 00:34:41.919 align:start position:0% houses being built 00:34:41.919 --> 00:34:44.270 align:start position:0% houses being built like<00:34:42.919> what<00:34:43.079> have<00:34:43.280> people<00:34:43.480> been<00:34:43.760> able<00:34:43.960> to<00:34:44.079> do 00:34:44.270 --> 00:34:44.280 align:start position:0% like what have people been able to do 00:34:44.280 --> 00:34:46.629 align:start position:0% like what have people been able to do with<00:34:44.440> this<00:34:44.879> yeah<00:34:45.320> so<00:34:45.599> I'm<00:34:45.879> going<00:34:46.040> to<00:34:46.200> give<00:34:46.320> you 00:34:46.629 --> 00:34:46.639 align:start position:0% with this yeah so I'm going to give you 00:34:46.639 --> 00:34:49.109 align:start position:0% with this yeah so I'm going to give you a<00:34:46.760> good<00:34:46.960> example<00:34:47.320> of<00:34:47.480> what<00:34:48.040> I<00:34:48.240> actually<00:34:48.560> do<00:34:48.919> and 00:34:49.109 --> 00:34:49.119 align:start position:0% a good example of what I actually do and 00:34:49.119 --> 00:34:50.629 align:start position:0% a good example of what I actually do and how<00:34:49.320> I<00:34:49.480> get<00:34:49.599> to<00:34:49.760> know<00:34:49.960> all<00:34:50.119> the<00:34:50.240> kinds<00:34:50.440> of 00:34:50.629 --> 00:34:50.639 align:start position:0% how I get to know all the kinds of 00:34:50.639 --> 00:34:52.470 align:start position:0% how I get to know all the kinds of impacts<00:34:50.960> on<00:34:51.079> the<00:34:51.240> ground<00:34:51.800> so<00:34:52.000> we<00:34:52.119> are<00:34:52.240> also 00:34:52.470 --> 00:34:52.480 align:start position:0% impacts on the ground so we are also 00:34:52.480 --> 00:34:56.069 align:start position:0% impacts on the ground so we are also borrowing<00:34:53.200> another<00:34:54.399> traditional<00:34:55.399> practice 00:34:56.069 --> 00:34:56.079 align:start position:0% borrowing another traditional practice 00:34:56.079 --> 00:34:59.270 align:start position:0% borrowing another traditional practice from<00:34:56.399> the<00:34:56.599> past<00:34:56.839> you<00:34:57.000> know<00:34:57.960> um<00:34:58.480> the<00:34:58.640> idea<00:34:58.960> of<00:34:59.119> a 00:34:59.270 --> 00:34:59.280 align:start position:0% from the past you know um the idea of a 00:34:59.280 --> 00:35:01.230 align:start position:0% from the past you know um the idea of a councel<00:34:59.720> meeting<00:35:00.160> so<00:35:00.400> every<00:35:00.680> time<00:35:01.079> the 00:35:01.230 --> 00:35:01.240 align:start position:0% councel meeting so every time the 00:35:01.240 --> 00:35:02.790 align:start position:0% councel meeting so every time the rotation<00:35:01.599> of<00:35:01.720> labor<00:35:02.079> would<00:35:02.280> happen<00:35:02.520> and<00:35:02.640> a 00:35:02.790 --> 00:35:02.800 align:start position:0% rotation of labor would happen and a 00:35:02.800 --> 00:35:06.270 align:start position:0% rotation of labor would happen and a cycle<00:35:03.160> would<00:35:03.359> end<00:35:04.320> the<00:35:04.800> elders<00:35:05.320> would<00:35:05.680> meet 00:35:06.270 --> 00:35:06.280 align:start position:0% cycle would end the elders would meet 00:35:06.280 --> 00:35:08.870 align:start position:0% cycle would end the elders would meet and<00:35:06.560> discuss<00:35:07.119> matters<00:35:07.880> Community<00:35:08.560> like<00:35:08.760> what 00:35:08.870 --> 00:35:08.880 align:start position:0% and discuss matters Community like what 00:35:08.880 --> 00:35:10.910 align:start position:0% and discuss matters Community like what are<00:35:09.079> the<00:35:09.240> issues<00:35:09.599> we<00:35:09.800> have<00:35:10.359> like<00:35:10.520> what<00:35:10.680> do<00:35:10.800> we 00:35:10.910 --> 00:35:10.920 align:start position:0% are the issues we have like what do we 00:35:10.920 --> 00:35:12.910 align:start position:0% are the issues we have like what do we need<00:35:11.119> to<00:35:11.280> work<00:35:11.560> towards<00:35:12.079> is<00:35:12.200> it<00:35:12.400> a<00:35:12.560> planting 00:35:12.910 --> 00:35:12.920 align:start position:0% need to work towards is it a planting 00:35:12.920 --> 00:35:16.349 align:start position:0% need to work towards is it a planting season<00:35:13.800> do<00:35:13.920> we<00:35:14.079> need<00:35:14.440> a<00:35:14.599> water<00:35:14.920> pan<00:35:15.599> you<00:35:15.760> know 00:35:16.349 --> 00:35:16.359 align:start position:0% season do we need a water pan you know 00:35:16.359 --> 00:35:21.829 align:start position:0% season do we need a water pan you know so<00:35:17.119> that<00:35:17.400> would<00:35:18.280> um<00:35:19.280> motivate<00:35:20.119> and<00:35:20.440> and<00:35:20.839> also 00:35:21.829 --> 00:35:21.839 align:start position:0% so that would um motivate and and also 00:35:21.839 --> 00:35:24.750 align:start position:0% so that would um motivate and and also you<00:35:22.160> know<00:35:23.160> decide<00:35:23.720> like<00:35:23.960> what<00:35:24.200> kind<00:35:24.400> of 00:35:24.750 --> 00:35:24.760 align:start position:0% you know decide like what kind of 00:35:24.760 --> 00:35:27.390 align:start position:0% you know decide like what kind of activities<00:35:25.200> they'll<00:35:25.400> be<00:35:25.520> meeting<00:35:25.800> to<00:35:25.960> do<00:35:26.720> so 00:35:27.390 --> 00:35:27.400 align:start position:0% activities they'll be meeting to do so 00:35:27.400 --> 00:35:30.030 align:start position:0% activities they'll be meeting to do so what<00:35:27.800> we<00:35:27.960> do<00:35:28.520> we<00:35:28.720> we<00:35:28.880> now<00:35:29.119> are<00:35:29.320> doing<00:35:29.800> is 00:35:30.030 --> 00:35:30.040 align:start position:0% what we do we we now are doing is 00:35:30.040 --> 00:35:32.069 align:start position:0% what we do we we now are doing is identifying<00:35:30.839> like<00:35:30.960> a<00:35:31.160> community 00:35:32.069 --> 00:35:32.079 align:start position:0% identifying like a community 00:35:32.079 --> 00:35:34.510 align:start position:0% identifying like a community representative<00:35:32.960> also<00:35:33.240> from<00:35:33.480> the<00:35:33.680> community 00:35:34.510 --> 00:35:34.520 align:start position:0% representative also from the community 00:35:34.520 --> 00:35:36.030 align:start position:0% representative also from the community and<00:35:34.640> this<00:35:34.760> is<00:35:34.880> the<00:35:35.079> person<00:35:35.320> who<00:35:35.440> is<00:35:35.560> also<00:35:35.880> going 00:35:36.030 --> 00:35:36.040 align:start position:0% and this is the person who is also going 00:35:36.040 --> 00:35:37.870 align:start position:0% and this is the person who is also going to<00:35:36.160> be<00:35:36.320> attending<00:35:36.960> some<00:35:37.160> of<00:35:37.280> the<00:35:37.400> rotation<00:35:37.760> of 00:35:37.870 --> 00:35:37.880 align:start position:0% to be attending some of the rotation of 00:35:37.880 --> 00:35:40.349 align:start position:0% to be attending some of the rotation of Labor<00:35:38.359> associations<00:35:39.359> and<00:35:39.560> recording<00:35:40.200> the 00:35:40.349 --> 00:35:40.359 align:start position:0% Labor associations and recording the 00:35:40.359 --> 00:35:42.589 align:start position:0% Labor associations and recording the kind<00:35:40.520> of<00:35:40.760> activities<00:35:41.280> made<00:35:41.760> like<00:35:41.920> a<00:35:42.119> house<00:35:42.359> was 00:35:42.589 --> 00:35:42.599 align:start position:0% kind of activities made like a house was 00:35:42.599 --> 00:35:45.990 align:start position:0% kind of activities made like a house was built<00:35:43.240> 15<00:35:43.760> members<00:35:44.599> took<00:35:44.920> one<00:35:45.119> hour<00:35:45.560> or<00:35:45.760> took 00:35:45.990 --> 00:35:46.000 align:start position:0% built 15 members took one hour or took 00:35:46.000 --> 00:35:48.630 align:start position:0% built 15 members took one hour or took two<00:35:46.240> hours<00:35:46.760> you<00:35:46.920> know<00:35:47.599> and<00:35:47.800> then<00:35:48.119> so<00:35:48.320> what<00:35:48.440> we 00:35:48.630 --> 00:35:48.640 align:start position:0% two hours you know and then so what we 00:35:48.640 --> 00:35:51.670 align:start position:0% two hours you know and then so what we do<00:35:48.839> the<00:35:48.960> pools<00:35:49.359> also<00:35:49.800> accept<00:35:50.520> uh<00:35:50.640> stable<00:35:51.079> coins 00:35:51.670 --> 00:35:51.680 align:start position:0% do the pools also accept uh stable coins 00:35:51.680 --> 00:35:54.750 align:start position:0% do the pools also accept uh stable coins like<00:35:52.119> Coda<00:35:53.000> and<00:35:53.160> this<00:35:53.280> is<00:35:53.400> really<00:35:53.640> to<00:35:53.920> support 00:35:54.750 --> 00:35:54.760 align:start position:0% like Coda and this is really to support 00:35:54.760 --> 00:35:56.870 align:start position:0% like Coda and this is really to support with<00:35:55.119> uh<00:35:55.440> communication<00:35:56.440> so<00:35:56.599> what<00:35:56.720> you're 00:35:56.870 --> 00:35:56.880 align:start position:0% with uh communication so what you're 00:35:56.880 --> 00:35:58.870 align:start position:0% with uh communication so what you're doing<00:35:57.079> is<00:35:57.240> like<00:35:57.640> buying<00:35:58.280> some<00:35:58.560> of<00:35:58.760> the 00:35:58.870 --> 00:35:58.880 align:start position:0% doing is like buying some of the 00:35:58.880 --> 00:36:01.430 align:start position:0% doing is like buying some of the monitoring<00:35:59.359> and<00:35:59.560> evaluation<00:36:00.200> from<00:36:00.599> the<00:36:01.200> from 00:36:01.430 --> 00:36:01.440 align:start position:0% monitoring and evaluation from the from 00:36:01.440 --> 00:36:03.829 align:start position:0% monitoring and evaluation from the from these<00:36:01.640> stewards<00:36:02.520> from<00:36:02.720> the<00:36:02.880> community<00:36:03.640> so 00:36:03.829 --> 00:36:03.839 align:start position:0% these stewards from the community so 00:36:03.839 --> 00:36:06.309 align:start position:0% these stewards from the community so when<00:36:04.000> we<00:36:04.200> put<00:36:04.400> them<00:36:04.560> into<00:36:04.800> the<00:36:04.920> pool<00:36:05.680> we<00:36:05.920> put<00:36:06.079> in 00:36:06.309 --> 00:36:06.319 align:start position:0% when we put them into the pool we put in 00:36:06.319 --> 00:36:08.630 align:start position:0% when we put them into the pool we put in Prior<00:36:06.760> it's<00:36:07.000> production<00:36:07.440> financing<00:36:08.359> and<00:36:08.480> then 00:36:08.630 --> 00:36:08.640 align:start position:0% Prior it's production financing and then 00:36:08.640 --> 00:36:10.109 align:start position:0% Prior it's production financing and then we<00:36:08.800> take<00:36:09.000> the<00:36:09.160> vouchers<00:36:09.720> which<00:36:09.839> are<00:36:10.000> the 00:36:10.109 --> 00:36:10.119 align:start position:0% we take the vouchers which are the 00:36:10.119 --> 00:36:12.589 align:start position:0% we take the vouchers which are the commitments<00:36:10.800> or<00:36:11.040> which<00:36:11.640> um<00:36:11.920> the<00:36:12.040> offerings 00:36:12.589 --> 00:36:12.599 align:start position:0% commitments or which um the offerings 00:36:12.599 --> 00:36:14.870 align:start position:0% commitments or which um the offerings the<00:36:12.720> monitoring<00:36:13.200> and<00:36:13.359> evaluation<00:36:13.920> Services 00:36:14.870 --> 00:36:14.880 align:start position:0% the monitoring and evaluation Services 00:36:14.880 --> 00:36:17.510 align:start position:0% the monitoring and evaluation Services once<00:36:15.200> the<00:36:15.359> report<00:36:15.680> is<00:36:15.800> sent<00:36:16.119> end<00:36:16.280> of<00:36:16.400> the<00:36:16.560> month 00:36:17.510 --> 00:36:17.520 align:start position:0% once the report is sent end of the month 00:36:17.520 --> 00:36:20.670 align:start position:0% once the report is sent end of the month um<00:36:17.880> we<00:36:18.040> send<00:36:18.319> the<00:36:18.440> vouchers<00:36:18.960> back<00:36:19.280> to<00:36:19.599> the<00:36:20.480> to 00:36:20.670 --> 00:36:20.680 align:start position:0% um we send the vouchers back to the to 00:36:20.680 --> 00:36:22.349 align:start position:0% um we send the vouchers back to the to the<00:36:20.800> owner<00:36:21.319> you<00:36:21.440> know<00:36:21.720> the<00:36:21.839> monitoring 00:36:22.349 --> 00:36:22.359 align:start position:0% the owner you know the monitoring 00:36:22.359 --> 00:36:25.190 align:start position:0% the owner you know the monitoring evaluation<00:36:23.160> Services<00:36:24.160> vouchers<00:36:24.920> and<00:36:25.040> then 00:36:25.190 --> 00:36:25.200 align:start position:0% evaluation Services vouchers and then 00:36:25.200 --> 00:36:26.990 align:start position:0% evaluation Services vouchers and then they<00:36:25.280> are<00:36:25.480> able<00:36:25.839> now<00:36:26.040> to<00:36:26.200> go<00:36:26.359> into<00:36:26.560> the<00:36:26.720> pool 00:36:26.990 --> 00:36:27.000 align:start position:0% they are able now to go into the pool 00:36:27.000 --> 00:36:28.950 align:start position:0% they are able now to go into the pool and<00:36:27.200> take<00:36:27.760> of<00:36:27.839> the<00:36:27.920> cell<00:36:28.280> dollar<00:36:28.720> and 00:36:28.950 --> 00:36:28.960 align:start position:0% and take of the cell dollar and 00:36:28.960 --> 00:36:34.470 align:start position:0% and take of the cell dollar and eventually<00:36:29.960> offramp<00:36:30.560> those<00:36:30.760> to<00:36:31.359> Fat<00:36:32.480> so<00:36:33.480> so<00:36:33.960> to 00:36:34.470 --> 00:36:34.480 align:start position:0% eventually offramp those to Fat so so to 00:36:34.480 --> 00:36:36.589 align:start position:0% eventually offramp those to Fat so so to understand<00:36:34.920> the<00:36:35.560> the<00:36:35.760> kind<00:36:35.920> of<00:36:36.119> impact 00:36:36.589 --> 00:36:36.599 align:start position:0% understand the the kind of impact 00:36:36.599 --> 00:36:38.510 align:start position:0% understand the the kind of impact created<00:36:37.440> we<00:36:37.560> are<00:36:37.720> able<00:36:37.960> to<00:36:38.119> see<00:36:38.359> the 00:36:38.510 --> 00:36:38.520 align:start position:0% created we are able to see the 00:36:38.520 --> 00:36:40.829 align:start position:0% created we are able to see the transactions<00:36:39.240> on<00:36:39.400> the<00:36:39.560> dashboard<00:36:40.359> which<00:36:40.560> also 00:36:40.829 --> 00:36:40.839 align:start position:0% transactions on the dashboard which also 00:36:40.839 --> 00:36:44.910 align:start position:0% transactions on the dashboard which also relates<00:36:41.319> to<00:36:41.760> all<00:36:42.040> the<00:36:42.440> reports<00:36:42.920> sent<00:36:43.839> like<00:36:44.680> uh 00:36:44.910 --> 00:36:44.920 align:start position:0% relates to all the reports sent like uh 00:36:44.920 --> 00:36:47.270 align:start position:0% relates to all the reports sent like uh these<00:36:45.200> transactions<00:36:45.800> today<00:36:46.200> equals<00:36:46.599> to<00:36:46.960> 10 00:36:47.270 --> 00:36:47.280 align:start position:0% these transactions today equals to 10 00:36:47.280 --> 00:36:51.109 align:start position:0% these transactions today equals to 10 houses<00:36:48.079> five<00:36:48.440> Farms<00:36:49.440> five<00:36:49.680> roads<00:36:50.160> fixed<00:36:50.920> and 00:36:51.109 --> 00:36:51.119 align:start position:0% houses five Farms five roads fixed and 00:36:51.119 --> 00:36:52.950 align:start position:0% houses five Farms five roads fixed and this<00:36:51.240> is<00:36:51.400> from<00:36:51.680> the<00:36:51.839> community<00:36:52.280> members<00:36:52.680> so 00:36:52.950 --> 00:36:52.960 align:start position:0% this is from the community members so 00:36:52.960 --> 00:36:55.710 align:start position:0% this is from the community members so also<00:36:53.440> speaking<00:36:53.800> to<00:36:54.040> sustainability<00:36:54.839> of<00:36:55.280> this 00:36:55.710 --> 00:36:55.720 align:start position:0% also speaking to sustainability of this 00:36:55.720 --> 00:36:57.790 align:start position:0% also speaking to sustainability of this uh<00:36:55.920> project 00:36:57.790 --> 00:36:57.800 align:start position:0% uh project 00:36:57.800 --> 00:37:02.430 align:start position:0% uh project you<00:36:58.040> know<00:36:59.119> so<00:37:00.119> um<00:37:00.599> we<00:37:00.839> kind<00:37:01.000> of<00:37:01.480> all<00:37:02.000> got 00:37:02.430 --> 00:37:02.440 align:start position:0% you know so um we kind of all got 00:37:02.440 --> 00:37:05.829 align:start position:0% you know so um we kind of all got together<00:37:02.800> before<00:37:03.800> this<00:37:04.119> panel 00:37:05.829 --> 00:37:05.839 align:start position:0% together before this panel 00:37:05.839 --> 00:37:08.990 align:start position:0% together before this panel and<00:37:06.839> when<00:37:07.000> I<00:37:07.200> heard<00:37:07.640> and<00:37:07.800> I<00:37:07.920> understood<00:37:08.760> what 00:37:08.990 --> 00:37:09.000 align:start position:0% and when I heard and I understood what 00:37:09.000 --> 00:37:11.309 align:start position:0% and when I heard and I understood what this<00:37:09.280> was<00:37:10.160> it<00:37:10.319> was 00:37:11.309 --> 00:37:11.319 align:start position:0% this was it was 00:37:11.319 --> 00:37:15.190 align:start position:0% this was it was incredibly<00:37:12.800> mindblowing<00:37:13.800> and<00:37:14.640> I<00:37:14.720> wanted<00:37:14.960> to 00:37:15.190 --> 00:37:15.200 align:start position:0% incredibly mindblowing and I wanted to 00:37:15.200 --> 00:37:19.510 align:start position:0% incredibly mindblowing and I wanted to just<00:37:15.680> add<00:37:16.560> some<00:37:17.240> thoughts<00:37:17.640> as<00:37:17.760> to<00:37:18.040> why<00:37:18.920> this<00:37:19.079> is 00:37:19.510 --> 00:37:19.520 align:start position:0% just add some thoughts as to why this is 00:37:19.520 --> 00:37:23.069 align:start position:0% just add some thoughts as to why this is really<00:37:20.400> special<00:37:21.400> when<00:37:21.640> I<00:37:21.760> got<00:37:21.920> into<00:37:22.200> crypto 00:37:23.069 --> 00:37:23.079 align:start position:0% really special when I got into crypto 00:37:23.079 --> 00:37:24.670 align:start position:0% really special when I got into crypto you<00:37:23.200> know<00:37:23.319> one<00:37:23.400> of<00:37:23.520> the<00:37:23.640> first<00:37:23.880> things<00:37:24.119> I<00:37:24.280> read 00:37:24.670 --> 00:37:24.680 align:start position:0% you know one of the first things I read 00:37:24.680 --> 00:37:28.150 align:start position:0% you know one of the first things I read was<00:37:25.200> um<00:37:26.040> andreas'<00:37:26.800> book<00:37:27.560> and<00:37:27.720> it<00:37:27.839> was<00:37:27.960> talking 00:37:28.150 --> 00:37:28.160 align:start position:0% was um andreas' book and it was talking 00:37:28.160 --> 00:37:30.349 align:start position:0% was um andreas' book and it was talking about<00:37:28.319> the<00:37:28.480> history<00:37:28.760> of<00:37:28.880> money<00:37:29.400> and<00:37:29.960> we<00:37:30.119> talk 00:37:30.349 --> 00:37:30.359 align:start position:0% about the history of money and we talk 00:37:30.359 --> 00:37:32.630 align:start position:0% about the history of money and we talk about<00:37:30.520> the<00:37:30.640> batter<00:37:31.040> system<00:37:31.960> now<00:37:32.160> one<00:37:32.280> of<00:37:32.440> the 00:37:32.630 --> 00:37:32.640 align:start position:0% about the batter system now one of the 00:37:32.640 --> 00:37:34.349 align:start position:0% about the batter system now one of the challenges<00:37:33.079> with<00:37:33.240> the<00:37:33.319> batter<00:37:33.720> system<00:37:34.119> is 00:37:34.349 --> 00:37:34.359 align:start position:0% challenges with the batter system is 00:37:34.359 --> 00:37:36.470 align:start position:0% challenges with the batter system is this<00:37:34.760> notion<00:37:35.079> of<00:37:35.280> double<00:37:35.760> coincidence<00:37:36.280> of 00:37:36.470 --> 00:37:36.480 align:start position:0% this notion of double coincidence of 00:37:36.480 --> 00:37:40.069 align:start position:0% this notion of double coincidence of once<00:37:37.280> so<00:37:37.480> even<00:37:37.720> if<00:37:38.000> I<00:37:38.280> have<00:37:39.119> I<00:37:39.200> don't<00:37:39.359> know 00:37:40.069 --> 00:37:40.079 align:start position:0% once so even if I have I don't know 00:37:40.079 --> 00:37:43.670 align:start position:0% once so even if I have I don't know shoes<00:37:41.079> and<00:37:41.319> you<00:37:41.560> have<00:37:41.720> a<00:37:41.960> shirt<00:37:42.960> if<00:37:43.119> I<00:37:43.400> if<00:37:43.560> you 00:37:43.670 --> 00:37:43.680 align:start position:0% shoes and you have a shirt if I if you 00:37:43.680 --> 00:37:47.589 align:start position:0% shoes and you have a shirt if I if you don't<00:37:43.839> want<00:37:44.040> my<00:37:44.200> shoes<00:37:44.800> we<00:37:44.960> can't<00:37:46.040> transact<00:37:47.040> so 00:37:47.589 --> 00:37:47.599 align:start position:0% don't want my shoes we can't transact so 00:37:47.599 --> 00:37:51.670 align:start position:0% don't want my shoes we can't transact so this<00:37:47.839> solution<00:37:48.800> first<00:37:49.079> of<00:37:49.359> all<00:37:50.359> solves<00:37:51.240> that 00:37:51.670 --> 00:37:51.680 align:start position:0% this solution first of all solves that 00:37:51.680 --> 00:37:54.470 align:start position:0% this solution first of all solves that problem<00:37:52.680> because<00:37:53.359> you<00:37:53.560> you<00:37:53.680> don't<00:37:53.839> need<00:37:54.040> to 00:37:54.470 --> 00:37:54.480 align:start position:0% problem because you you don't need to 00:37:54.480 --> 00:37:56.309 align:start position:0% problem because you you don't need to want<00:37:54.839> something<00:37:55.160> in<00:37:55.319> real<00:37:55.640> time<00:37:55.839> it's<00:37:56.000> sort<00:37:56.119> of 00:37:56.309 --> 00:37:56.319 align:start position:0% want something in real time it's sort of 00:37:56.319 --> 00:37:58.069 align:start position:0% want something in real time it's sort of like<00:37:56.640> this<00:37:56.880> this<00:37:57.040> commitment 00:37:58.069 --> 00:37:58.079 align:start position:0% like this this commitment 00:37:58.079 --> 00:37:59.670 align:start position:0% like this this commitment the<00:37:58.240> second<00:37:58.520> thing<00:37:58.720> that<00:37:58.880> I<00:37:59.000> thought<00:37:59.240> was 00:37:59.670 --> 00:37:59.680 align:start position:0% the second thing that I thought was 00:37:59.680 --> 00:38:01.710 align:start position:0% the second thing that I thought was incredibly<00:38:00.240> valuable<00:38:00.720> about<00:38:00.960> this<00:38:01.160> as<00:38:01.359> well 00:38:01.710 --> 00:38:01.720 align:start position:0% incredibly valuable about this as well 00:38:01.720 --> 00:38:04.710 align:start position:0% incredibly valuable about this as well is<00:38:02.359> I<00:38:02.480> talked<00:38:02.720> about<00:38:02.960> this<00:38:03.200> idea<00:38:03.720> of<00:38:04.359> the<00:38:04.560> lack 00:38:04.710 --> 00:38:04.720 align:start position:0% is I talked about this idea of the lack 00:38:04.720 --> 00:38:08.910 align:start position:0% is I talked about this idea of the lack of<00:38:05.440> credit<00:38:06.440> right<00:38:06.800> and<00:38:07.040> how<00:38:07.200> do<00:38:07.359> you<00:38:07.920> build 00:38:08.910 --> 00:38:08.920 align:start position:0% of credit right and how do you build 00:38:08.920 --> 00:38:10.950 align:start position:0% of credit right and how do you build sort<00:38:09.119> of<00:38:09.359> unchain<00:38:09.960> reputation<00:38:10.480> and<00:38:10.680> how<00:38:10.839> do 00:38:10.950 --> 00:38:10.960 align:start position:0% sort of unchain reputation and how do 00:38:10.960 --> 00:38:12.710 align:start position:0% sort of unchain reputation and how do you<00:38:11.200> unlock 00:38:12.710 --> 00:38:12.720 align:start position:0% you unlock 00:38:12.720 --> 00:38:16.349 align:start position:0% you unlock capital<00:38:13.720> I<00:38:13.839> think<00:38:14.280> what<00:38:14.640> is<00:38:15.640> incredibly 00:38:16.349 --> 00:38:16.359 align:start position:0% capital I think what is incredibly 00:38:16.359 --> 00:38:18.150 align:start position:0% capital I think what is incredibly interesting<00:38:16.920> about<00:38:17.200> like<00:38:17.359> grass<00:38:17.760> economics 00:38:18.150 --> 00:38:18.160 align:start position:0% interesting about like grass economics 00:38:18.160 --> 00:38:21.589 align:start position:0% interesting about like grass economics and<00:38:18.280> the<00:38:18.400> work<00:38:18.599> that<00:38:18.720> you<00:38:18.880> do<00:38:19.160> as<00:38:19.359> well<00:38:19.760> is<00:38:20.119> that 00:38:21.589 --> 00:38:21.599 align:start position:0% and the work that you do as well is that 00:38:21.599 --> 00:38:24.950 align:start position:0% and the work that you do as well is that people<00:38:22.599> who<00:38:22.800> don't<00:38:23.119> have<00:38:23.359> money<00:38:24.280> can<00:38:24.520> actually 00:38:24.950 --> 00:38:24.960 align:start position:0% people who don't have money can actually 00:38:24.960 --> 00:38:28.390 align:start position:0% people who don't have money can actually get<00:38:25.240> something<00:38:25.839> offered<00:38:26.599> to<00:38:26.960> them 00:38:28.390 --> 00:38:28.400 align:start position:0% get something offered to them 00:38:28.400 --> 00:38:33.589 align:start position:0% get something offered to them on<00:38:29.040> credit<00:38:30.040> without<00:38:30.440> them<00:38:31.200> having<00:38:32.319> money<00:38:33.319> and 00:38:33.589 --> 00:38:33.599 align:start position:0% on credit without them having money and 00:38:33.599 --> 00:38:36.309 align:start position:0% on credit without them having money and putting<00:38:34.040> anything<00:38:34.400> at<00:38:34.640> risk<00:38:35.520> so<00:38:35.800> we<00:38:35.960> all<00:38:36.119> talk 00:38:36.309 --> 00:38:36.319 align:start position:0% putting anything at risk so we all talk 00:38:36.319 --> 00:38:39.710 align:start position:0% putting anything at risk so we all talk about<00:38:36.560> def<00:38:37.119> Defi<00:38:37.640> and<00:38:37.839> things<00:38:38.119> like<00:38:38.319> that<00:38:38.720> but 00:38:39.710 --> 00:38:39.720 align:start position:0% about def Defi and things like that but 00:38:39.720 --> 00:38:41.790 align:start position:0% about def Defi and things like that but for<00:38:39.880> you<00:38:40.040> to<00:38:40.319> get<00:38:40.440> a<00:38:40.599> loan<00:38:40.880> on<00:38:41.079> chain<00:38:41.359> today<00:38:41.720> you 00:38:41.790 --> 00:38:41.800 align:start position:0% for you to get a loan on chain today you 00:38:41.800 --> 00:38:43.990 align:start position:0% for you to get a loan on chain today you need<00:38:41.960> to<00:38:42.119> have<00:38:42.319> Capital<00:38:43.240> so<00:38:43.599> when<00:38:43.720> we<00:38:43.839> talk 00:38:43.990 --> 00:38:44.000 align:start position:0% need to have Capital so when we talk 00:38:44.000 --> 00:38:45.829 align:start position:0% need to have Capital so when we talk about<00:38:44.200> 2.5<00:38:44.839> billion<00:38:45.240> people<00:38:45.480> that<00:38:45.599> are<00:38:45.680> not 00:38:45.829 --> 00:38:45.839 align:start position:0% about 2.5 billion people that are not 00:38:45.839 --> 00:38:48.550 align:start position:0% about 2.5 billion people that are not yet<00:38:46.000> on<00:38:46.200> chain<00:38:47.200> and<00:38:47.400> need<00:38:48.079> access<00:38:48.359> to 00:38:48.550 --> 00:38:48.560 align:start position:0% yet on chain and need access to 00:38:48.560 --> 00:38:50.790 align:start position:0% yet on chain and need access to Opportunities<00:38:49.520> how<00:38:49.680> do<00:38:49.839> you 00:38:50.790 --> 00:38:50.800 align:start position:0% Opportunities how do you 00:38:50.800 --> 00:38:53.589 align:start position:0% Opportunities how do you unlock<00:38:51.800> sort<00:38:52.040> of<00:38:52.359> those<00:38:52.599> opportunities<00:38:53.359> so 00:38:53.589 --> 00:38:53.599 align:start position:0% unlock sort of those opportunities so 00:38:53.599 --> 00:38:56.470 align:start position:0% unlock sort of those opportunities so this<00:38:53.720> is<00:38:54.359> super<00:38:54.720> interesting<00:38:55.160> in<00:38:55.280> that<00:38:55.480> regard 00:38:56.470 --> 00:38:56.480 align:start position:0% this is super interesting in that regard 00:38:56.480 --> 00:39:01.030 align:start position:0% this is super interesting in that regard now<00:38:56.800> if<00:38:56.920> you<00:38:57.079> take<00:38:57.280> this<00:38:57.480> this<00:38:58.040> idea<00:38:59.040> two<00:38:59.400> steps 00:39:01.030 --> 00:39:01.040 align:start position:0% now if you take this this idea two steps 00:39:01.040 --> 00:39:03.230 align:start position:0% now if you take this this idea two steps forward<00:39:02.040> and<00:39:02.319> this<00:39:02.400> is<00:39:02.560> why<00:39:02.680> I'm<00:39:02.760> so<00:39:02.960> excited 00:39:03.230 --> 00:39:03.240 align:start position:0% forward and this is why I'm so excited 00:39:03.240 --> 00:39:04.550 align:start position:0% forward and this is why I'm so excited about<00:39:03.400> what<00:39:03.480> you're<00:39:03.640> doing<00:39:03.839> and<00:39:03.960> I'll<00:39:04.119> R<00:39:04.359> up 00:39:04.550 --> 00:39:04.560 align:start position:0% about what you're doing and I'll R up 00:39:04.560 --> 00:39:08.150 align:start position:0% about what you're doing and I'll R up quickly<00:39:05.000> but<00:39:05.920> number<00:39:06.200> one<00:39:06.480> is<00:39:06.720> that<00:39:07.680> because 00:39:08.150 --> 00:39:08.160 align:start position:0% quickly but number one is that because 00:39:08.160 --> 00:39:10.030 align:start position:0% quickly but number one is that because every<00:39:08.560> commitment<00:39:09.040> is<00:39:09.160> on 00:39:10.030 --> 00:39:10.040 align:start position:0% every commitment is on 00:39:10.040 --> 00:39:13.790 align:start position:0% every commitment is on chain<00:39:11.040> each<00:39:11.280> of<00:39:11.480> the<00:39:11.680> 65,000<00:39:12.599> people<00:39:13.400> now 00:39:13.790 --> 00:39:13.800 align:start position:0% chain each of the 65,000 people now 00:39:13.800 --> 00:39:17.349 align:start position:0% chain each of the 65,000 people now actually<00:39:14.359> have<00:39:15.240> unchain<00:39:16.160> reputation<00:39:17.160> that 00:39:17.349 --> 00:39:17.359 align:start position:0% actually have unchain reputation that 00:39:17.359 --> 00:39:21.390 align:start position:0% actually have unchain reputation that can<00:39:17.839> be<00:39:18.119> used<00:39:18.960> as<00:39:19.079> a<00:39:19.280> credit<00:39:19.839> score<00:39:20.839> to<00:39:21.119> then 00:39:21.390 --> 00:39:21.400 align:start position:0% can be used as a credit score to then 00:39:21.400 --> 00:39:24.230 align:start position:0% can be used as a credit score to then actually<00:39:21.880> give<00:39:22.160> them<00:39:22.400> real<00:39:22.839> Capital<00:39:23.839> into 00:39:24.230 --> 00:39:24.240 align:start position:0% actually give them real Capital into 00:39:24.240 --> 00:39:25.390 align:start position:0% actually give them real Capital into that 00:39:25.390 --> 00:39:25.400 align:start position:0% that 00:39:25.400 --> 00:39:29.510 align:start position:0% that Community<00:39:26.400> right<00:39:27.040> and<00:39:27.160> in<00:39:27.440> the<00:39:27.560> final<00:39:28.520> piece 00:39:29.510 --> 00:39:29.520 align:start position:0% Community right and in the final piece 00:39:29.520 --> 00:39:31.630 align:start position:0% Community right and in the final piece when<00:39:29.680> I<00:39:29.880> think<00:39:30.079> about<00:39:30.240> it<00:39:30.440> is<00:39:30.800> a<00:39:30.920> lot<00:39:31.079> of 00:39:31.630 --> 00:39:31.640 align:start position:0% when I think about it is a lot of 00:39:31.640 --> 00:39:33.230 align:start position:0% when I think about it is a lot of majority<00:39:32.160> of 00:39:33.230 --> 00:39:33.240 align:start position:0% majority of 00:39:33.240 --> 00:39:35.910 align:start position:0% majority of Africa<00:39:34.240> almost<00:39:34.560> everybody<00:39:34.920> is<00:39:35.079> doing<00:39:35.480> sort<00:39:35.680> of 00:39:35.910 --> 00:39:35.920 align:start position:0% Africa almost everybody is doing sort of 00:39:35.920 --> 00:39:36.710 align:start position:0% Africa almost everybody is doing sort of like 00:39:36.710 --> 00:39:36.720 align:start position:0% like 00:39:36.720 --> 00:39:39.470 align:start position:0% like agriculture<00:39:37.720> now<00:39:38.200> people<00:39:38.720> small<00:39:39.160> scale 00:39:39.470 --> 00:39:39.480 align:start position:0% agriculture now people small scale 00:39:39.480 --> 00:39:43.069 align:start position:0% agriculture now people small scale farmers<00:39:39.920> are<00:39:40.119> farming<00:39:40.960> you<00:39:41.280> know<00:39:42.280> um<00:39:42.760> goods 00:39:43.069 --> 00:39:43.079 align:start position:0% farmers are farming you know um goods 00:39:43.079 --> 00:39:44.470 align:start position:0% farmers are farming you know um goods and<00:39:43.240> things<00:39:43.599> like<00:39:43.800> that<00:39:44.119> that<00:39:44.280> gets 00:39:44.470 --> 00:39:44.480 align:start position:0% and things like that that gets 00:39:44.480 --> 00:39:46.109 align:start position:0% and things like that that gets transported<00:39:44.960> to<00:39:45.079> the 00:39:46.109 --> 00:39:46.119 align:start position:0% transported to the 00:39:46.119 --> 00:39:49.270 align:start position:0% transported to the cities<00:39:47.119> when<00:39:47.400> the<00:39:47.560> farmers<00:39:48.000> sell<00:39:48.920> you<00:39:49.079> know 00:39:49.270 --> 00:39:49.280 align:start position:0% cities when the farmers sell you know 00:39:49.280 --> 00:39:51.510 align:start position:0% cities when the farmers sell you know let's<00:39:49.520> say<00:39:49.720> maze<00:39:50.079> they<00:39:50.200> sell<00:39:50.400> it<00:39:50.520> for<00:39:50.599> $1<00:39:51.400> when 00:39:51.510 --> 00:39:51.520 align:start position:0% let's say maze they sell it for $1 when 00:39:51.520 --> 00:39:54.470 align:start position:0% let's say maze they sell it for $1 when it<00:39:51.680> gets<00:39:51.920> to<00:39:52.119> the<00:39:52.280> stores<00:39:52.720> in<00:39:52.920> the<00:39:53.040> cities<00:39:53.880> it's 00:39:54.470 --> 00:39:54.480 align:start position:0% it gets to the stores in the cities it's 00:39:54.480 --> 00:39:57.990 align:start position:0% it gets to the stores in the cities it's $10<00:39:55.480> so<00:39:55.640> if<00:39:55.720> you're<00:39:55.880> trying<00:39:56.079> to<00:39:56.319> create<00:39:56.839> wealth 00:39:57.990 --> 00:39:58.000 align:start position:0% $10 so if you're trying to create wealth 00:39:58.000 --> 00:39:59.430 align:start position:0% $10 so if you're trying to create wealth you<00:39:58.119> want<00:39:58.240> to<00:39:58.359> sort<00:39:58.480> of<00:39:58.599> bridge<00:39:58.960> that<00:39:59.200> gap 00:39:59.430 --> 00:39:59.440 align:start position:0% you want to sort of bridge that gap 00:39:59.440 --> 00:40:04.069 align:start position:0% you want to sort of bridge that gap between<00:40:00.280> the<00:40:01.000> sale<00:40:01.520> at<00:40:01.920> production<00:40:02.920> and<00:40:03.800> the 00:40:04.069 --> 00:40:04.079 align:start position:0% between the sale at production and the 00:40:04.079 --> 00:40:06.030 align:start position:0% between the sale at production and the cost<00:40:04.440> at<00:40:04.680> consumption<00:40:05.200> and<00:40:05.400> how<00:40:05.520> do<00:40:05.640> you<00:40:05.760> bring 00:40:06.030 --> 00:40:06.040 align:start position:0% cost at consumption and how do you bring 00:40:06.040 --> 00:40:07.270 align:start position:0% cost at consumption and how do you bring that<00:40:06.240> back<00:40:06.400> into<00:40:06.599> the 00:40:07.270 --> 00:40:07.280 align:start position:0% that back into the 00:40:07.280 --> 00:40:09.950 align:start position:0% that back into the villages<00:40:08.280> so<00:40:08.680> for<00:40:08.880> me<00:40:09.240> like<00:40:09.520> what<00:40:09.680> you<00:40:09.839> guys 00:40:09.950 --> 00:40:09.960 align:start position:0% villages so for me like what you guys 00:40:09.960 --> 00:40:12.069 align:start position:0% villages so for me like what you guys are<00:40:10.160> doing<00:40:10.480> is<00:40:10.800> is<00:40:10.960> is<00:40:11.119> incredible<00:40:11.680> and<00:40:11.960> I 00:40:12.069 --> 00:40:12.079 align:start position:0% are doing is is is incredible and I 00:40:12.079 --> 00:40:15.270 align:start position:0% are doing is is is incredible and I can't<00:40:12.319> wait<00:40:12.560> to<00:40:13.560> build<00:40:14.359> and<00:40:14.599> co-create 00:40:15.270 --> 00:40:15.280 align:start position:0% can't wait to build and co-create 00:40:15.280 --> 00:40:17.069 align:start position:0% can't wait to build and co-create together<00:40:15.560> I<00:40:15.680> think<00:40:15.839> it's<00:40:16.160> it's<00:40:16.319> amazing<00:40:16.960> yeah 00:40:17.069 --> 00:40:17.079 align:start position:0% together I think it's it's amazing yeah 00:40:17.079 --> 00:40:19.430 align:start position:0% together I think it's it's amazing yeah it's<00:40:17.240> amazing<00:40:17.920> like<00:40:18.400> there's<00:40:18.800> just<00:40:19.000> so<00:40:19.160> many 00:40:19.430 --> 00:40:19.440 align:start position:0% it's amazing like there's just so many 00:40:19.440 --> 00:40:21.910 align:start position:0% it's amazing like there's just so many ways<00:40:20.240> there's<00:40:20.440> so<00:40:20.599> many<00:40:20.839> ways<00:40:21.200> to<00:40:21.400> use<00:40:21.640> the 00:40:21.910 --> 00:40:21.920 align:start position:0% ways there's so many ways to use the 00:40:21.920 --> 00:40:24.230 align:start position:0% ways there's so many ways to use the commitments<00:40:22.920> um<00:40:23.079> even<00:40:23.240> for<00:40:23.480> big<00:40:23.680> businesses 00:40:24.230 --> 00:40:24.240 align:start position:0% commitments um even for big businesses 00:40:24.240 --> 00:40:25.390 align:start position:0% commitments um even for big businesses like<00:40:24.440> you<00:40:24.560> know<00:40:24.720> they<00:40:24.880> create<00:40:25.119> their<00:40:25.240> own 00:40:25.390 --> 00:40:25.400 align:start position:0% like you know they create their own 00:40:25.400 --> 00:40:27.990 align:start position:0% like you know they create their own vouches<00:40:25.880> to<00:40:26.079> act<00:40:26.359> as<00:40:26.520> loyalty<00:40:27.000> points 00:40:27.990 --> 00:40:28.000 align:start position:0% vouches to act as loyalty points 00:40:28.000 --> 00:40:29.750 align:start position:0% vouches to act as loyalty points uh<00:40:28.160> and<00:40:28.319> this<00:40:28.400> is<00:40:28.599> also<00:40:28.800> a<00:40:28.960> call<00:40:29.160> for<00:40:29.359> everyone 00:40:29.750 --> 00:40:29.760 align:start position:0% uh and this is also a call for everyone 00:40:29.760 --> 00:40:33.190 align:start position:0% uh and this is also a call for everyone like<00:40:29.920> it's<00:40:30.160> it's<00:40:30.280> an<00:40:30.520> open<00:40:31.240> you<00:40:31.400> know<00:40:32.040> um<00:40:33.040> it's 00:40:33.190 --> 00:40:33.200 align:start position:0% like it's it's an open you know um it's 00:40:33.200 --> 00:40:34.630 align:start position:0% like it's it's an open you know um it's for<00:40:33.440> everyone<00:40:33.800> like<00:40:33.920> there's<00:40:34.160> so<00:40:34.280> many<00:40:34.480> ways 00:40:34.630 --> 00:40:34.640 align:start position:0% for everyone like there's so many ways 00:40:34.640 --> 00:40:37.230 align:start position:0% for everyone like there's so many ways to<00:40:34.760> use<00:40:34.880> the<00:40:35.040> vouchers<00:40:35.720> like<00:40:35.920> even<00:40:36.240> Market<00:40:37.079> you 00:40:37.230 --> 00:40:37.240 align:start position:0% to use the vouchers like even Market you 00:40:37.240 --> 00:40:39.710 align:start position:0% to use the vouchers like even Market you know<00:40:37.720> like<00:40:37.839> I<00:40:38.000> mentioned<00:40:38.359> loyalty<00:40:38.839> points 00:40:39.710 --> 00:40:39.720 align:start position:0% know like I mentioned loyalty points 00:40:39.720 --> 00:40:41.069 align:start position:0% know like I mentioned loyalty points yeah<00:40:39.880> to<00:40:40.000> make<00:40:40.160> your<00:40:40.359> to<00:40:40.480> keep<00:40:40.599> your<00:40:40.760> business 00:40:41.069 --> 00:40:41.079 align:start position:0% yeah to make your to keep your business 00:40:41.079 --> 00:40:42.870 align:start position:0% yeah to make your to keep your business going<00:40:41.319> and<00:40:41.440> to<00:40:41.560> keep<00:40:41.720> your<00:40:41.839> clients<00:40:42.200> coming 00:40:42.870 --> 00:40:42.880 align:start position:0% going and to keep your clients coming 00:40:42.880 --> 00:40:46.870 align:start position:0% going and to keep your clients coming yeah<00:40:43.800> and<00:40:44.200> um<00:40:45.200> so<00:40:46.200> you<00:40:46.319> know<00:40:46.440> a<00:40:46.560> lot<00:40:46.680> of<00:40:46.800> what 00:40:46.870 --> 00:40:46.880 align:start position:0% yeah and um so you know a lot of what 00:40:46.880 --> 00:40:49.069 align:start position:0% yeah and um so you know a lot of what you're<00:40:47.040> building<00:40:47.560> is<00:40:47.760> not<00:40:48.040> just<00:40:48.440> technology 00:40:49.069 --> 00:40:49.079 align:start position:0% you're building is not just technology 00:40:49.079 --> 00:40:49.910 align:start position:0% you're building is not just technology you're 00:40:49.910 --> 00:40:49.920 align:start position:0% you're 00:40:49.920 --> 00:40:52.990 align:start position:0% you're leveraging<00:40:51.079> existing<00:40:52.079> social 00:40:52.990 --> 00:40:53.000 align:start position:0% leveraging existing social 00:40:53.000 --> 00:40:54.349 align:start position:0% leveraging existing social infrastructures<00:40:53.720> and<00:40:53.920> trust 00:40:54.349 --> 00:40:54.359 align:start position:0% infrastructures and trust 00:40:54.359 --> 00:40:55.870 align:start position:0% infrastructures and trust infrastructures<00:40:55.000> and<00:40:55.200> can<00:40:55.319> you<00:40:55.440> give<00:40:55.599> us<00:40:55.720> a 00:40:55.870 --> 00:40:55.880 align:start position:0% infrastructures and can you give us a 00:40:55.880 --> 00:40:58.910 align:start position:0% infrastructures and can you give us a bit<00:40:56.000> of<00:40:56.560> more<00:40:56.880> context<00:40:57.640> of<00:40:58.280> where<00:40:58.440> does<00:40:58.640> that 00:40:58.910 --> 00:40:58.920 align:start position:0% bit of more context of where does that 00:40:58.920 --> 00:41:01.510 align:start position:0% bit of more context of where does that come<00:40:59.240> from<00:41:00.000> like<00:41:00.160> what<00:41:00.280> are<00:41:00.520> other<00:41:00.839> patterns 00:41:01.510 --> 00:41:01.520 align:start position:0% come from like what are other patterns 00:41:01.520 --> 00:41:04.510 align:start position:0% come from like what are other patterns like<00:41:02.000> Chamas<00:41:02.599> that<00:41:02.720> you've<00:41:02.960> seen<00:41:03.520> where 00:41:04.510 --> 00:41:04.520 align:start position:0% like Chamas that you've seen where 00:41:04.520 --> 00:41:07.870 align:start position:0% like Chamas that you've seen where basically<00:41:04.960> social<00:41:05.680> trust<00:41:06.680> is<00:41:06.880> the<00:41:07.040> foundation 00:41:07.870 --> 00:41:07.880 align:start position:0% basically social trust is the foundation 00:41:07.880 --> 00:41:10.670 align:start position:0% basically social trust is the foundation for<00:41:08.880> um<00:41:09.119> how<00:41:09.319> we<00:41:09.560> relate<00:41:09.920> and<00:41:10.119> interact<00:41:10.520> with 00:41:10.670 --> 00:41:10.680 align:start position:0% for um how we relate and interact with 00:41:10.680 --> 00:41:12.470 align:start position:0% for um how we relate and interact with each<00:41:10.839> other<00:41:11.240> even 00:41:12.470 --> 00:41:12.480 align:start position:0% each other even 00:41:12.480 --> 00:41:17.589 align:start position:0% each other even economically<00:41:13.480> so<00:41:14.720> um<00:41:15.720> first<00:41:15.960> of<00:41:16.119> all<00:41:16.599> before 00:41:17.589 --> 00:41:17.599 align:start position:0% economically so um first of all before 00:41:17.599 --> 00:41:20.750 align:start position:0% economically so um first of all before prust<00:41:18.040> was<00:41:18.319> really<00:41:19.319> um<00:41:19.680> built<00:41:20.400> when 00:41:20.750 --> 00:41:20.760 align:start position:0% prust was really um built when 00:41:20.760 --> 00:41:22.790 align:start position:0% prust was really um built when commitments<00:41:21.280> were<00:41:21.480> made<00:41:22.079> commitments<00:41:22.560> were 00:41:22.790 --> 00:41:22.800 align:start position:0% commitments were made commitments were 00:41:22.800 --> 00:41:24.990 align:start position:0% commitments were made commitments were accepted<00:41:23.319> and<00:41:23.480> commitments<00:41:23.920> were<00:41:24.119> fulfilled 00:41:24.990 --> 00:41:25.000 align:start position:0% accepted and commitments were fulfilled 00:41:25.000 --> 00:41:28.190 align:start position:0% accepted and commitments were fulfilled so<00:41:25.280> nothing<00:41:25.680> recreated<00:41:26.599> same<00:41:26.880> same<00:41:27.560> so 00:41:28.190 --> 00:41:28.200 align:start position:0% so nothing recreated same same so 00:41:28.200 --> 00:41:29.589 align:start position:0% so nothing recreated same same so they're<00:41:28.440> just<00:41:28.640> doing<00:41:28.960> exactly<00:41:29.359> what<00:41:29.520> they 00:41:29.589 --> 00:41:29.599 align:start position:0% they're just doing exactly what they 00:41:29.599 --> 00:41:32.390 align:start position:0% they're just doing exactly what they were<00:41:29.800> doing<00:41:30.119> then<00:41:30.839> and<00:41:31.400> really<00:41:31.720> making<00:41:32.040> sure 00:41:32.390 --> 00:41:32.400 align:start position:0% were doing then and really making sure 00:41:32.400 --> 00:41:34.430 align:start position:0% were doing then and really making sure that<00:41:32.839> now<00:41:33.119> at<00:41:33.240> least<00:41:33.480> now<00:41:33.720> the<00:41:34.160> the<00:41:34.319> the 00:41:34.430 --> 00:41:34.440 align:start position:0% that now at least now the the the 00:41:34.440 --> 00:41:37.550 align:start position:0% that now at least now the the the commitments<00:41:34.960> have<00:41:35.280> value<00:41:35.760> you<00:41:35.920> know<00:41:36.680> the<00:41:36.960> the 00:41:37.550 --> 00:41:37.560 align:start position:0% commitments have value you know the the 00:41:37.560 --> 00:41:39.470 align:start position:0% commitments have value you know the the can<00:41:37.720> be<00:41:37.839> able<00:41:38.040> to<00:41:38.160> know<00:41:38.400> like<00:41:38.599> how<00:41:38.800> much<00:41:39.079> of<00:41:39.240> my 00:41:39.470 --> 00:41:39.480 align:start position:0% can be able to know like how much of my 00:41:39.480 --> 00:41:43.910 align:start position:0% can be able to know like how much of my commitments<00:41:39.960> are<00:41:40.160> worth<00:41:40.720> yours<00:41:41.960> yeah<00:41:42.960> and<00:41:43.760> do 00:41:43.910 --> 00:41:43.920 align:start position:0% commitments are worth yours yeah and do 00:41:43.920 --> 00:41:46.390 align:start position:0% commitments are worth yours yeah and do we<00:41:44.040> need<00:41:44.240> the<00:41:44.400> blockchain<00:41:44.880> for<00:41:45.240> that<00:41:46.240> the 00:41:46.390 --> 00:41:46.400 align:start position:0% we need the blockchain for that the 00:41:46.400 --> 00:41:48.349 align:start position:0% we need the blockchain for that the blockchain<00:41:46.880> for<00:41:47.119> that<00:41:47.480> I<00:41:47.520> mean<00:41:47.880> that's<00:41:48.160> that's 00:41:48.349 --> 00:41:48.359 align:start position:0% blockchain for that I mean that's that's 00:41:48.359 --> 00:41:51.430 align:start position:0% blockchain for that I mean that's that's one<00:41:48.599> question<00:41:48.920> someone<00:41:49.280> might<00:41:49.560> ask<00:41:49.960> like<00:41:50.920> like 00:41:51.430 --> 00:41:51.440 align:start position:0% one question someone might ask like like 00:41:51.440 --> 00:41:53.470 align:start position:0% one question someone might ask like like why<00:41:51.599> are<00:41:51.760> we<00:41:51.960> building<00:41:52.400> with<00:41:52.599> crypto<00:41:53.000> on<00:41:53.200> this 00:41:53.470 --> 00:41:53.480 align:start position:0% why are we building with crypto on this 00:41:53.480 --> 00:41:56.550 align:start position:0% why are we building with crypto on this in<00:41:53.599> your<00:41:54.040> opinion<00:41:55.040> uh<00:41:55.319> for<00:41:55.599> visibility<00:41:56.240> number 00:41:56.550 --> 00:41:56.560 align:start position:0% in your opinion uh for visibility number 00:41:56.560 --> 00:41:59.550 align:start position:0% in your opinion uh for visibility number one<00:41:57.240> it<00:41:57.400> also<00:41:57.720> builds<00:41:58.400> trust<00:41:59.000> because<00:41:59.359> you're 00:41:59.550 --> 00:41:59.560 align:start position:0% one it also builds trust because you're 00:41:59.560 --> 00:42:01.270 align:start position:0% one it also builds trust because you're able<00:41:59.760> to<00:41:59.880> see<00:42:00.119> like<00:42:00.280> how<00:42:00.440> many<00:42:00.680> of<00:42:00.839> these<00:42:01.040> are 00:42:01.270 --> 00:42:01.280 align:start position:0% able to see like how many of these are 00:42:01.280 --> 00:42:03.950 align:start position:0% able to see like how many of these are here<00:42:01.839> and<00:42:02.040> also<00:42:02.839> you<00:42:02.960> know<00:42:03.200> the<00:42:03.400> confidence 00:42:03.950 --> 00:42:03.960 align:start position:0% here and also you know the confidence 00:42:03.960 --> 00:42:06.589 align:start position:0% here and also you know the confidence that<00:42:04.240> I<00:42:04.359> know<00:42:05.160> I<00:42:05.280> can<00:42:05.480> get<00:42:05.760> this<00:42:06.000> even<00:42:06.240> without 00:42:06.589 --> 00:42:06.599 align:start position:0% that I know I can get this even without 00:42:06.599 --> 00:42:08.190 align:start position:0% that I know I can get this even without money<00:42:07.040> even<00:42:07.319> the<00:42:07.440> people<00:42:07.640> who<00:42:07.800> don't<00:42:08.040> have 00:42:08.190 --> 00:42:08.200 align:start position:0% money even the people who don't have 00:42:08.200 --> 00:42:10.190 align:start position:0% money even the people who don't have money<00:42:08.440> at<00:42:08.560> that<00:42:08.760> moment<00:42:09.119> they<00:42:09.200> are<00:42:09.400> sure<00:42:10.040> that 00:42:10.190 --> 00:42:10.200 align:start position:0% money at that moment they are sure that 00:42:10.200 --> 00:42:11.990 align:start position:0% money at that moment they are sure that they<00:42:10.319> will<00:42:10.520> get<00:42:10.720> what<00:42:11.000> they<00:42:11.319> they<00:42:11.520> have<00:42:11.880> you 00:42:11.990 --> 00:42:12.000 align:start position:0% they will get what they they have you 00:42:12.000 --> 00:42:14.990 align:start position:0% they will get what they they have you know<00:42:12.359> because<00:42:12.560> it's<00:42:12.680> on<00:42:13.040> blockchain<00:42:14.040> yeah<00:42:14.800> and 00:42:14.990 --> 00:42:15.000 align:start position:0% know because it's on blockchain yeah and 00:42:15.000 --> 00:42:17.030 align:start position:0% know because it's on blockchain yeah and actually<00:42:15.920> no<00:42:16.040> I<00:42:16.079> was<00:42:16.200> just<00:42:16.280> going<00:42:16.400> to<00:42:16.760> actually 00:42:17.030 --> 00:42:17.040 align:start position:0% actually no I was just going to actually 00:42:17.040 --> 00:42:19.150 align:start position:0% actually no I was just going to actually add<00:42:17.240> to<00:42:17.440> that<00:42:17.680> and<00:42:18.319> I<00:42:18.440> think<00:42:18.560> if<00:42:18.680> you<00:42:18.800> even<00:42:19.000> look 00:42:19.150 --> 00:42:19.160 align:start position:0% add to that and I think if you even look 00:42:19.160 --> 00:42:21.510 align:start position:0% add to that and I think if you even look at<00:42:19.359> like<00:42:20.079> how<00:42:20.280> big<00:42:20.599> savings<00:42:21.160> groups<00:42:21.359> so 00:42:21.510 --> 00:42:21.520 align:start position:0% at like how big savings groups so 00:42:21.520 --> 00:42:24.589 align:start position:0% at like how big savings groups so they're<00:42:21.720> called<00:42:21.920> SOS<00:42:22.440> in<00:42:22.640> Kenya<00:42:23.559> are<00:42:24.359> right 00:42:24.589 --> 00:42:24.599 align:start position:0% they're called SOS in Kenya are right 00:42:24.599 --> 00:42:26.630 align:start position:0% they're called SOS in Kenya are right now<00:42:25.000> they're<00:42:25.240> holding<00:42:25.680> tens<00:42:25.960> of<00:42:26.160> millions<00:42:26.480> of 00:42:26.630 --> 00:42:26.640 align:start position:0% now they're holding tens of millions of 00:42:26.640 --> 00:42:27.710 align:start position:0% now they're holding tens of millions of dollars<00:42:26.880> to<00:42:27.000> the<00:42:27.240> the<00:42:27.280> point<00:42:27.480> where<00:42:27.599> the 00:42:27.710 --> 00:42:27.720 align:start position:0% dollars to the the point where the 00:42:27.720 --> 00:42:29.870 align:start position:0% dollars to the the point where the government<00:42:28.200> had<00:42:28.359> to<00:42:28.559> regulate<00:42:29.040> them<00:42:29.640> and<00:42:29.760> I 00:42:29.870 --> 00:42:29.880 align:start position:0% government had to regulate them and I 00:42:29.880 --> 00:42:31.790 align:start position:0% government had to regulate them and I think<00:42:30.160> those<00:42:30.480> kind<00:42:30.680> of<00:42:30.880> communities<00:42:31.400> is<00:42:31.599> what 00:42:31.790 --> 00:42:31.800 align:start position:0% think those kind of communities is what 00:42:31.800 --> 00:42:35.030 align:start position:0% think those kind of communities is what just<00:42:31.960> tells<00:42:32.280> you<00:42:32.640> like<00:42:33.240> people<00:42:33.760> have<00:42:34.079> been 00:42:35.030 --> 00:42:35.040 align:start position:0% just tells you like people have been 00:42:35.040 --> 00:42:37.190 align:start position:0% just tells you like people have been enabling<00:42:35.880> and<00:42:36.160> like<00:42:36.319> coming<00:42:36.760> together<00:42:37.040> to 00:42:37.190 --> 00:42:37.200 align:start position:0% enabling and like coming together to 00:42:37.200 --> 00:42:39.510 align:start position:0% enabling and like coming together to organize<00:42:37.880> themselves<00:42:38.520> to<00:42:38.760> build<00:42:39.079> their<00:42:39.280> own 00:42:39.510 --> 00:42:39.520 align:start position:0% organize themselves to build their own 00:42:39.520 --> 00:42:41.910 align:start position:0% organize themselves to build their own kind<00:42:39.640> of<00:42:39.880> like<00:42:40.280> local<00:42:40.760> bank<00:42:41.319> and<00:42:41.440> in<00:42:41.640> most 00:42:41.910 --> 00:42:41.920 align:start position:0% kind of like local bank and in most 00:42:41.920 --> 00:42:44.510 align:start position:0% kind of like local bank and in most cases<00:42:42.680> crypto<00:42:43.040> is<00:42:43.160> not<00:42:43.400> really<00:42:43.760> required<00:42:44.359> but 00:42:44.510 --> 00:42:44.520 align:start position:0% cases crypto is not really required but 00:42:44.520 --> 00:42:46.750 align:start position:0% cases crypto is not really required but what<00:42:44.680> crypto<00:42:45.079> does<00:42:45.640> is<00:42:45.920> right<00:42:46.119> now<00:42:46.400> if<00:42:46.520> you<00:42:46.640> go 00:42:46.750 --> 00:42:46.760 align:start position:0% what crypto does is right now if you go 00:42:46.760 --> 00:42:48.670 align:start position:0% what crypto does is right now if you go to<00:42:46.920> asako<00:42:47.280> and<00:42:47.440> ask<00:42:47.640> them<00:42:48.079> how<00:42:48.200> much<00:42:48.400> can<00:42:48.559> I 00:42:48.670 --> 00:42:48.680 align:start position:0% to asako and ask them how much can I 00:42:48.680 --> 00:42:51.349 align:start position:0% to asako and ask them how much can I borrow<00:42:49.040> on<00:42:49.359> what<00:42:49.480> is<00:42:49.599> my<00:42:49.839> collateral<00:42:50.839> Sak 00:42:51.349 --> 00:42:51.359 align:start position:0% borrow on what is my collateral Sak 00:42:51.359 --> 00:42:53.150 align:start position:0% borrow on what is my collateral Sak mostly<00:42:51.640> work<00:42:51.880> also<00:42:52.079> on<00:42:52.160> a<00:42:52.319> reputational<00:42:52.880> basis 00:42:53.150 --> 00:42:53.160 align:start position:0% mostly work also on a reputational basis 00:42:53.160 --> 00:42:55.150 align:start position:0% mostly work also on a reputational basis so<00:42:53.280> you<00:42:53.359> have<00:42:53.480> to<00:42:53.599> have<00:42:53.680> a<00:42:53.800> garant<00:42:54.800> all<00:42:54.960> of 00:42:55.150 --> 00:42:55.160 align:start position:0% so you have to have a garant all of 00:42:55.160 --> 00:42:57.190 align:start position:0% so you have to have a garant all of those<00:42:55.400> things<00:42:55.640> are<00:42:55.800> incredibly<00:42:56.400> manual<00:42:56.960> which 00:42:57.190 --> 00:42:57.200 align:start position:0% those things are incredibly manual which 00:42:57.200 --> 00:42:59.430 align:start position:0% those things are incredibly manual which which<00:42:57.319> makes<00:42:57.520> SOS<00:42:57.920> a<00:42:58.040> painful<00:42:58.520> process<00:42:59.160> even 00:42:59.430 --> 00:42:59.440 align:start position:0% which makes SOS a painful process even 00:42:59.440 --> 00:43:02.349 align:start position:0% which makes SOS a painful process even while<00:42:59.720> they<00:42:59.880> have<00:43:00.119> aom<00:43:00.760> that<00:43:00.920> would<00:43:01.200> rival<00:43:02.200> uh 00:43:02.349 --> 00:43:02.359 align:start position:0% while they have aom that would rival uh 00:43:02.359 --> 00:43:04.910 align:start position:0% while they have aom that would rival uh most<00:43:02.680> micr<00:43:03.119> Finance<00:43:03.480> Banks<00:43:03.839> and<00:43:04.079> tier<00:43:04.359> 3<00:43:04.680> tier 00:43:04.910 --> 00:43:04.920 align:start position:0% most micr Finance Banks and tier 3 tier 00:43:04.920 --> 00:43:08.030 align:start position:0% most micr Finance Banks and tier 3 tier 2<00:43:05.200> banks<00:43:05.800> in<00:43:05.960> a<00:43:06.240> country<00:43:06.960> right<00:43:07.520> uh<00:43:07.640> bringing 00:43:08.030 --> 00:43:08.040 align:start position:0% 2 banks in a country right uh bringing 00:43:08.040 --> 00:43:10.230 align:start position:0% 2 banks in a country right uh bringing it<00:43:08.200> on<00:43:08.359> chain<00:43:08.640> is<00:43:08.839> literally<00:43:09.359> the<00:43:09.800> you<00:43:09.920> know 00:43:10.230 --> 00:43:10.240 align:start position:0% it on chain is literally the you know 00:43:10.240 --> 00:43:12.030 align:start position:0% it on chain is literally the you know the<00:43:10.400> secret<00:43:10.880> to<00:43:11.079> now<00:43:11.400> helping<00:43:11.720> them<00:43:11.880> to 00:43:12.030 --> 00:43:12.040 align:start position:0% the secret to now helping them to 00:43:12.040 --> 00:43:14.670 align:start position:0% the secret to now helping them to onboard<00:43:12.520> so<00:43:12.640> many<00:43:12.880> more<00:43:13.160> people<00:43:13.559> much<00:43:13.880> faster 00:43:14.670 --> 00:43:14.680 align:start position:0% onboard so many more people much faster 00:43:14.680 --> 00:43:15.990 align:start position:0% onboard so many more people much faster and<00:43:14.839> you<00:43:14.960> know<00:43:15.119> you're<00:43:15.280> not<00:43:15.559> trying<00:43:15.800> to 00:43:15.990 --> 00:43:16.000 align:start position:0% and you know you're not trying to 00:43:16.000 --> 00:43:18.510 align:start position:0% and you know you're not trying to replace<00:43:16.400> their<00:43:16.599> processes<00:43:17.119> and<00:43:17.359> like<00:43:17.599> their 00:43:18.510 --> 00:43:18.520 align:start position:0% replace their processes and like their 00:43:18.520 --> 00:43:20.230 align:start position:0% replace their processes and like their um<00:43:18.720> the<00:43:18.839> way<00:43:19.000> they<00:43:19.119> do<00:43:19.359> things<00:43:19.760> and<00:43:19.880> there<00:43:19.960> are 00:43:20.230 --> 00:43:20.240 align:start position:0% um the way they do things and there are 00:43:20.240 --> 00:43:24.190 align:start position:0% um the way they do things and there are hundreds<00:43:20.839> and<00:43:21.480> thousands<00:43:22.480> of<00:43:22.680> these<00:43:23.480> circles 00:43:24.190 --> 00:43:24.200 align:start position:0% hundreds and thousands of these circles 00:43:24.200 --> 00:43:27.190 align:start position:0% hundreds and thousands of these circles in<00:43:24.440> Kenya<00:43:24.920> alone<00:43:25.920> in<00:43:26.119> Kenya<00:43:26.559> so<00:43:26.720> this<00:43:26.880> are 00:43:27.190 --> 00:43:27.200 align:start position:0% in Kenya alone in Kenya so this are 00:43:27.200 --> 00:43:30.829 align:start position:0% in Kenya alone in Kenya so this are basically<00:43:28.240> small<00:43:29.240> like<00:43:29.440> Cooperative<00:43:30.160> Society 00:43:30.829 --> 00:43:30.839 align:start position:0% basically small like Cooperative Society 00:43:30.839 --> 00:43:34.950 align:start position:0% basically small like Cooperative Society Banks<00:43:31.839> of<00:43:32.079> made<00:43:32.319> of<00:43:32.599> 10<00:43:32.920> to<00:43:33.119> 20<00:43:33.520> 30<00:43:33.960> people 00:43:34.950 --> 00:43:34.960 align:start position:0% Banks of made of 10 to 20 30 people 00:43:34.960 --> 00:43:37.349 align:start position:0% Banks of made of 10 to 20 30 people right<00:43:35.319> it's<00:43:35.559> crazy<00:43:36.359> and<00:43:36.520> and<00:43:36.640> I<00:43:36.760> think<00:43:37.240> you 00:43:37.349 --> 00:43:37.359 align:start position:0% right it's crazy and and I think you 00:43:37.359 --> 00:43:39.270 align:start position:0% right it's crazy and and I think you know<00:43:37.720> coming<00:43:38.000> back<00:43:38.160> to<00:43:38.440> why<00:43:38.720> blockchain 00:43:39.270 --> 00:43:39.280 align:start position:0% know coming back to why blockchain 00:43:39.280 --> 00:43:42.190 align:start position:0% know coming back to why blockchain perspective<00:43:40.119> it<00:43:40.200> would<00:43:40.400> be<00:43:40.680> really<00:43:41.040> hard<00:43:41.760> to 00:43:42.190 --> 00:43:42.200 align:start position:0% perspective it would be really hard to 00:43:42.200 --> 00:43:45.990 align:start position:0% perspective it would be really hard to have<00:43:42.880> a<00:43:43.240> 100<00:43:43.960> different<00:43:44.960> commitment<00:43:45.440> pools 00:43:45.990 --> 00:43:46.000 align:start position:0% have a 100 different commitment pools 00:43:46.000 --> 00:43:48.270 align:start position:0% have a 100 different commitment pools connected<00:43:47.000> and<00:43:47.240> actually 00:43:48.270 --> 00:43:48.280 align:start position:0% connected and actually 00:43:48.280 --> 00:43:51.109 align:start position:0% connected and actually sharing<00:43:49.280> um<00:43:49.839> like<00:43:50.079> commitment<00:43:50.559> pools<00:43:50.920> with 00:43:51.109 --> 00:43:51.119 align:start position:0% sharing um like commitment pools with 00:43:51.119 --> 00:43:53.670 align:start position:0% sharing um like commitment pools with each<00:43:51.280> other<00:43:52.000> and<00:43:52.160> I<00:43:52.280> think<00:43:52.640> that<00:43:52.880> would<00:43:53.119> not 00:43:53.670 --> 00:43:53.680 align:start position:0% each other and I think that would not 00:43:53.680 --> 00:43:56.109 align:start position:0% each other and I think that would not happen<00:43:54.000> on<00:43:54.240> paper<00:43:55.079> and<00:43:55.280> like<00:43:55.440> doing<00:43:55.680> this<00:43:55.839> on 00:43:56.109 --> 00:43:56.119 align:start position:0% happen on paper and like doing this on 00:43:56.119 --> 00:44:00.349 align:start position:0% happen on paper and like doing this on chain<00:43:57.200> and<00:43:57.520> ALS<00:43:58.520> go<00:43:58.599> ahead<00:43:58.800> sorry<00:43:59.760> it<00:43:59.920> becomes 00:44:00.349 --> 00:44:00.359 align:start position:0% chain and ALS go ahead sorry it becomes 00:44:00.359 --> 00:44:02.549 align:start position:0% chain and ALS go ahead sorry it becomes very<00:44:00.599> easy<00:44:01.160> yeah<00:44:01.800> yeah<00:44:01.960> and<00:44:02.119> and<00:44:02.240> and<00:44:02.359> doing 00:44:02.549 --> 00:44:02.559 align:start position:0% very easy yeah yeah and and and doing 00:44:02.559 --> 00:44:04.630 align:start position:0% very easy yeah yeah and and and doing this<00:44:02.680> on<00:44:02.880> chain<00:44:03.240> and<00:44:03.800> having<00:44:04.200> also<00:44:04.440> a 00:44:04.630 --> 00:44:04.640 align:start position:0% this on chain and having also a 00:44:04.640 --> 00:44:08.430 align:start position:0% this on chain and having also a commitment<00:44:05.200> pull<00:44:05.880> with<00:44:06.040> a<00:44:06.240> pair<00:44:06.680> of<00:44:07.160> Fiat<00:44:07.640> pull 00:44:08.430 --> 00:44:08.440 align:start position:0% commitment pull with a pair of Fiat pull 00:44:08.440 --> 00:44:10.109 align:start position:0% commitment pull with a pair of Fiat pull like<00:44:08.599> with<00:44:08.800> stable<00:44:09.200> coin<00:44:09.440> or<00:44:09.599> something<00:44:09.920> like 00:44:10.109 --> 00:44:10.119 align:start position:0% like with stable coin or something like 00:44:10.119 --> 00:44:12.750 align:start position:0% like with stable coin or something like that<00:44:10.280> for<00:44:10.480> people<00:44:10.680> to<00:44:10.920> exit<00:44:11.240> if<00:44:11.400> they<00:44:11.520> want<00:44:11.760> to 00:44:12.750 --> 00:44:12.760 align:start position:0% that for people to exit if they want to 00:44:12.760 --> 00:44:16.390 align:start position:0% that for people to exit if they want to I<00:44:12.920> I<00:44:13.000> think<00:44:13.440> this<00:44:14.440> I<00:44:14.559> guess<00:44:14.800> like<00:44:15.520> the<00:44:15.720> the<00:44:15.920> the 00:44:16.390 --> 00:44:16.400 align:start position:0% I I think this I guess like the the the 00:44:16.400 --> 00:44:17.630 align:start position:0% I I think this I guess like the the the I<00:44:16.480> think<00:44:16.599> the<00:44:16.720> most<00:44:16.920> interesting<00:44:17.359> part<00:44:17.520> of 00:44:17.630 --> 00:44:17.640 align:start position:0% I think the most interesting part of 00:44:17.640 --> 00:44:19.470 align:start position:0% I think the most interesting part of this<00:44:17.800> conversation<00:44:18.359> for<00:44:18.559> me<00:44:18.839> is<00:44:19.000> that<00:44:19.160> we<00:44:19.280> can 00:44:19.470 --> 00:44:19.480 align:start position:0% this conversation for me is that we can 00:44:19.480 --> 00:44:24.309 align:start position:0% this conversation for me is that we can do<00:44:20.200> both<00:44:21.200> it's<00:44:21.359> not<00:44:21.640> about<00:44:22.160> like<00:44:23.000> hey<00:44:24.000> Africa 00:44:24.309 --> 00:44:24.319 align:start position:0% do both it's not about like hey Africa 00:44:24.319 --> 00:44:26.549 align:start position:0% do both it's not about like hey Africa is<00:44:24.440> crude<00:44:25.119> so<00:44:25.359> then<00:44:25.559> maybe<00:44:25.800> let's<00:44:26.000> doize<00:44:26.480> the 00:44:26.549 --> 00:44:26.559 align:start position:0% is crude so then maybe let's doize the 00:44:26.559 --> 00:44:28.349 align:start position:0% is crude so then maybe let's doize the whole<00:44:26.680> continent<00:44:27.160> and<00:44:27.599> stable<00:44:28.000> coins<00:44:28.200> for 00:44:28.349 --> 00:44:28.359 align:start position:0% whole continent and stable coins for 00:44:28.359 --> 00:44:30.710 align:start position:0% whole continent and stable coins for everyone<00:44:28.680> that's<00:44:29.319> that's<00:44:29.599> helping<00:44:30.520> in 00:44:30.710 --> 00:44:30.720 align:start position:0% everyone that's that's helping in 00:44:30.720 --> 00:44:32.069 align:start position:0% everyone that's that's helping in integrating<00:44:31.160> us<00:44:31.319> with<00:44:31.440> the<00:44:31.520> world<00:44:31.760> but<00:44:31.920> that's 00:44:32.069 --> 00:44:32.079 align:start position:0% integrating us with the world but that's 00:44:32.079 --> 00:44:33.390 align:start position:0% integrating us with the world but that's not<00:44:32.240> the<00:44:32.359> only<00:44:32.640> solution<00:44:33.079> I<00:44:33.160> think<00:44:33.319> what 00:44:33.390 --> 00:44:33.400 align:start position:0% not the only solution I think what 00:44:33.400 --> 00:44:36.230 align:start position:0% not the only solution I think what you're<00:44:33.559> doing<00:44:34.040> is<00:44:34.800> actually<00:44:35.319> making<00:44:35.760> a<00:44:35.960> level 00:44:36.230 --> 00:44:36.240 align:start position:0% you're doing is actually making a level 00:44:36.240 --> 00:44:37.990 align:start position:0% you're doing is actually making a level of<00:44:36.400> localization<00:44:37.280> that<00:44:37.400> would<00:44:37.520> be<00:44:37.760> really 00:44:37.990 --> 00:44:38.000 align:start position:0% of localization that would be really 00:44:38.000 --> 00:44:41.630 align:start position:0% of localization that would be really hard<00:44:38.200> to<00:44:38.319> do<00:44:38.520> on<00:44:38.760> paper<00:44:39.599> or<00:44:39.800> with<00:44:40.000> web<00:44:40.359> 2<00:44:41.359> like 00:44:41.630 --> 00:44:41.640 align:start position:0% hard to do on paper or with web 2 like 00:44:41.640 --> 00:44:44.030 align:start position:0% hard to do on paper or with web 2 like making<00:44:41.960> that<00:44:42.200> scalable<00:44:42.880> but<00:44:43.079> in<00:44:43.400> still 00:44:44.030 --> 00:44:44.040 align:start position:0% making that scalable but in still 00:44:44.040 --> 00:44:46.630 align:start position:0% making that scalable but in still maintaining<00:44:45.040> the<00:44:45.240> small<00:44:45.640> element<00:44:46.040> of<00:44:46.200> it<00:44:46.559> I 00:44:46.630 --> 00:44:46.640 align:start position:0% maintaining the small element of it I 00:44:46.640 --> 00:44:49.390 align:start position:0% maintaining the small element of it I think<00:44:46.760> it's<00:44:46.960> super 00:44:49.390 --> 00:44:49.400 align:start position:0% 00:44:49.400 --> 00:44:51.470 align:start position:0% powerful<00:44:50.400> I<00:44:50.480> think<00:44:50.599> we<00:44:50.720> should<00:44:50.880> jump<00:44:51.160> into 00:44:51.470 --> 00:44:51.480 align:start position:0% powerful I think we should jump into 00:44:51.480 --> 00:44:53.150 align:start position:0% powerful I think we should jump into questions<00:44:52.000> from<00:44:52.319> you 00:44:53.150 --> 00:44:53.160 align:start position:0% questions from you 00:44:53.160 --> 00:45:01.790 align:start position:0% questions from you all<00:44:54.160> mark 00:45:01.790 --> 00:45:01.800 align:start position:0% 00:45:01.800 --> 00:45:03.470 align:start position:0% um<00:45:02.040> while<00:45:02.240> we<00:45:02.400> wait<00:45:02.599> for<00:45:02.800> the<00:45:02.960> questions<00:45:03.280> to 00:45:03.470 --> 00:45:03.480 align:start position:0% um while we wait for the questions to 00:45:03.480 --> 00:45:06.150 align:start position:0% um while we wait for the questions to come<00:45:03.640> up<00:45:03.920> any<00:45:04.720> uh<00:45:05.000> last<00:45:05.280> Reflections<00:45:05.720> from<00:45:05.920> you 00:45:06.150 --> 00:45:06.160 align:start position:0% come up any uh last Reflections from you 00:45:06.160 --> 00:45:08.950 align:start position:0% come up any uh last Reflections from you guys<00:45:07.000> yes<00:45:07.200> so<00:45:07.359> I<00:45:07.480> think 00:45:08.950 --> 00:45:08.960 align:start position:0% guys yes so I think 00:45:08.960 --> 00:45:15.349 align:start position:0% guys yes so I think um<00:45:09.960> the<00:45:10.200> part<00:45:10.440> that<00:45:10.559> we've<00:45:10.760> not<00:45:10.960> spoken<00:45:11.359> about 00:45:15.349 --> 00:45:15.359 align:start position:0% 00:45:15.359 --> 00:45:20.309 align:start position:0% is<00:45:16.359> this<00:45:16.640> idea<00:45:17.000> of<00:45:17.240> like<00:45:17.599> open<00:45:18.359> finance<00:45:19.359> and 00:45:20.309 --> 00:45:20.319 align:start position:0% is this idea of like open finance and 00:45:20.319 --> 00:45:24.790 align:start position:0% is this idea of like open finance and that<00:45:21.319> as<00:45:21.440> a<00:45:21.839> builder<00:45:22.839> I<00:45:22.960> can<00:45:23.319> contribute<00:45:24.040> to 00:45:24.790 --> 00:45:24.800 align:start position:0% that as a builder I can contribute to 00:45:24.800 --> 00:45:27.589 align:start position:0% that as a builder I can contribute to her<00:45:25.640> ecosystem<00:45:26.640> without<00:45:27.000> without<00:45:27.280> even 00:45:27.589 --> 00:45:27.599 align:start position:0% her ecosystem without without even 00:45:27.599 --> 00:45:30.190 align:start position:0% her ecosystem without without even having<00:45:27.839> to<00:45:28.040> talk<00:45:28.280> to<00:45:28.599> her<00:45:29.079> because<00:45:29.520> these 00:45:30.190 --> 00:45:30.200 align:start position:0% having to talk to her because these 00:45:30.200 --> 00:45:34.109 align:start position:0% having to talk to her because these commitments<00:45:31.200> and<00:45:31.520> these<00:45:32.440> individuals<00:45:33.359> are<00:45:33.559> on 00:45:34.109 --> 00:45:34.119 align:start position:0% commitments and these individuals are on 00:45:34.119 --> 00:45:38.790 align:start position:0% commitments and these individuals are on chain<00:45:35.119> and<00:45:35.280> that<00:45:35.440> is<00:45:36.040> actually<00:45:36.960> the<00:45:37.800> truest 00:45:38.790 --> 00:45:38.800 align:start position:0% chain and that is actually the truest 00:45:38.800 --> 00:45:39.910 align:start position:0% chain and that is actually the truest form<00:45:39.119> of 00:45:39.910 --> 00:45:39.920 align:start position:0% form of 00:45:39.920 --> 00:45:42.030 align:start position:0% form of innovation<00:45:40.920> um 00:45:42.030 --> 00:45:42.040 align:start position:0% innovation um 00:45:42.040 --> 00:45:44.510 align:start position:0% innovation um so<00:45:43.040> yeah<00:45:43.160> it's<00:45:43.359> just<00:45:43.559> it's<00:45:43.720> just<00:45:43.920> amazing<00:45:44.280> to 00:45:44.510 --> 00:45:44.520 align:start position:0% so yeah it's just it's just amazing to 00:45:44.520 --> 00:45:47.349 align:start position:0% so yeah it's just it's just amazing to kind<00:45:44.640> of<00:45:44.920> see<00:45:45.680> this<00:45:45.880> future<00:45:46.440> where<00:45:46.760> we<00:45:47.000> have 00:45:47.349 --> 00:45:47.359 align:start position:0% kind of see this future where we have 00:45:47.359 --> 00:45:49.630 align:start position:0% kind of see this future where we have like<00:45:47.599> open<00:45:48.000> financial<00:45:48.520> services<00:45:49.160> that<00:45:49.400> just 00:45:49.630 --> 00:45:49.640 align:start position:0% like open financial services that just 00:45:49.640 --> 00:45:52.030 align:start position:0% like open financial services that just connect<00:45:50.520> people<00:45:51.000> businesses<00:45:51.520> from<00:45:51.720> across 00:45:52.030 --> 00:45:52.040 align:start position:0% connect people businesses from across 00:45:52.040 --> 00:45:52.870 align:start position:0% connect people businesses from across the 00:45:52.870 --> 00:45:52.880 align:start position:0% the 00:45:52.880 --> 00:45:55.750 align:start position:0% the world<00:45:53.880> we<00:45:54.040> have<00:45:54.160> a<00:45:54.280> number<00:45:54.480> of<00:45:54.680> questions<00:45:55.119> here 00:45:55.750 --> 00:45:55.760 align:start position:0% world we have a number of questions here 00:45:55.760 --> 00:45:59.950 align:start position:0% world we have a number of questions here uh<00:45:56.319> I<00:45:56.440> want<00:45:56.599> to<00:45:56.760> ask<00:45:57.119> ask<00:45:58.040> uh<00:45:58.920> briefly<00:45:59.319> is<00:45:59.480> PDP 00:45:59.950 --> 00:45:59.960 align:start position:0% uh I want to ask ask uh briefly is PDP 00:45:59.960 --> 00:46:03.950 align:start position:0% uh I want to ask ask uh briefly is PDP trading<00:46:00.280> a<00:46:00.400> big<00:46:00.559> thing<00:46:00.720> in 00:46:03.950 --> 00:46:03.960 align:start position:0% 00:46:03.960 --> 00:46:06.630 align:start position:0% Africa<00:46:04.960> the<00:46:05.079> answer<00:46:05.319> is 00:46:06.630 --> 00:46:06.640 align:start position:0% Africa the answer is 00:46:06.640 --> 00:46:10.670 align:start position:0% Africa the answer is yes<00:46:07.640> uh<00:46:07.839> so<00:46:08.200> I<00:46:08.359> was<00:46:08.880> uh<00:46:09.160> one<00:46:09.319> of<00:46:09.480> the<00:46:09.680> earliest 00:46:10.670 --> 00:46:10.680 align:start position:0% yes uh so I was uh one of the earliest 00:46:10.680 --> 00:46:13.270 align:start position:0% yes uh so I was uh one of the earliest uh<00:46:10.880> the<00:46:11.000> first<00:46:11.680> African<00:46:12.240> hire<00:46:12.520> for<00:46:12.720> binance<00:46:13.119> in 00:46:13.270 --> 00:46:13.280 align:start position:0% uh the first African hire for binance in 00:46:13.280 --> 00:46:15.950 align:start position:0% uh the first African hire for binance in Africa<00:46:13.640> and<00:46:13.880> sort<00:46:14.079> of<00:46:14.880> worked<00:46:15.200> on<00:46:15.319> a<00:46:15.480> number<00:46:15.720> of 00:46:15.950 --> 00:46:15.960 align:start position:0% Africa and sort of worked on a number of 00:46:15.960 --> 00:46:17.710 align:start position:0% Africa and sort of worked on a number of things<00:46:16.520> including 00:46:17.710 --> 00:46:17.720 align:start position:0% things including 00:46:17.720 --> 00:46:21.309 align:start position:0% things including P2P<00:46:18.720> um<00:46:19.119> and<00:46:19.480> also<00:46:19.800> built<00:46:20.640> probably<00:46:21.079> the 00:46:21.309 --> 00:46:21.319 align:start position:0% P2P um and also built probably the 00:46:21.319 --> 00:46:25.710 align:start position:0% P2P um and also built probably the largest<00:46:22.319> um<00:46:22.760> synthetic<00:46:23.760> African<00:46:24.119> stable<00:46:24.720> coin 00:46:25.710 --> 00:46:25.720 align:start position:0% largest um synthetic African stable coin 00:46:25.720 --> 00:46:28.270 align:start position:0% largest um synthetic African stable coin um<00:46:25.880> that<00:46:26.040> was<00:46:26.160> doing<00:46:26.480> about<00:46:27.000> 700<00:46:27.520> million<00:46:27.880> a 00:46:28.270 --> 00:46:28.280 align:start position:0% um that was doing about 700 million a 00:46:28.280 --> 00:46:32.990 align:start position:0% um that was doing about 700 million a week<00:46:29.280> uh<00:46:29.760> peerto<00:46:30.160> peer<00:46:30.760> so<00:46:31.760> the<00:46:31.880> answer<00:46:32.119> is<00:46:32.359> yes 00:46:32.990 --> 00:46:33.000 align:start position:0% week uh peerto peer so the answer is yes 00:46:33.000 --> 00:46:37.190 align:start position:0% week uh peerto peer so the answer is yes nice<00:46:33.839> um<00:46:34.359> what<00:46:35.079> western<00:46:35.559> Builders<00:46:36.040> trying<00:46:36.319> to 00:46:37.190 --> 00:46:37.200 align:start position:0% nice um what western Builders trying to 00:46:37.200 --> 00:46:40.589 align:start position:0% nice um what western Builders trying to provide<00:46:37.599> crypto<00:46:38.040> services<00:46:38.359> in<00:46:38.520> Africa<00:46:38.839> do<00:46:39.000> not 00:46:40.589 --> 00:46:40.599 align:start position:0% provide crypto services in Africa do not 00:46:40.599 --> 00:46:42.470 align:start position:0% provide crypto services in Africa do not understand<00:46:41.599> yeah<00:46:41.760> yeah<00:46:41.880> maybe<00:46:42.079> I<00:46:42.160> can<00:46:42.280> take 00:46:42.470 --> 00:46:42.480 align:start position:0% understand yeah yeah maybe I can take 00:46:42.480 --> 00:46:45.069 align:start position:0% understand yeah yeah maybe I can take that<00:46:43.040> I<00:46:43.160> think<00:46:43.920> the<00:46:44.240> the<00:46:44.359> thing<00:46:44.520> I've<00:46:44.680> seen<00:46:44.920> the 00:46:45.069 --> 00:46:45.079 align:start position:0% that I think the the thing I've seen the 00:46:45.079 --> 00:46:47.589 align:start position:0% that I think the the thing I've seen the most<00:46:46.000> uh<00:46:46.200> which<00:46:46.440> I<00:46:46.559> I<00:46:46.680> always<00:46:46.960> help<00:46:47.200> my<00:46:47.319> friends 00:46:47.589 --> 00:46:47.599 align:start position:0% most uh which I I always help my friends 00:46:47.599 --> 00:46:49.150 align:start position:0% most uh which I I always help my friends especially<00:46:47.920> if<00:46:48.000> they're<00:46:48.160> coming<00:46:48.400> from<00:46:48.720> like 00:46:49.150 --> 00:46:49.160 align:start position:0% especially if they're coming from like 00:46:49.160 --> 00:46:51.589 align:start position:0% especially if they're coming from like you<00:46:49.280> know<00:46:49.440> some<00:46:49.720> geography<00:46:50.440> or<00:46:50.960> you<00:46:51.079> know<00:46:51.400> like 00:46:51.589 --> 00:46:51.599 align:start position:0% you know some geography or you know like 00:46:51.599 --> 00:46:54.069 align:start position:0% you know some geography or you know like let's<00:46:51.760> say<00:46:51.960> the<00:46:52.079> US<00:46:52.440> Europe<00:46:52.839> UK<00:46:53.520> Asia<00:46:53.880> New 00:46:54.069 --> 00:46:54.079 align:start position:0% let's say the US Europe UK Asia New 00:46:54.079 --> 00:46:56.230 align:start position:0% let's say the US Europe UK Asia New Zealand<00:46:54.440> Australia<00:46:55.000> wherever<00:46:56.000> the<00:46:56.119> thing 00:46:56.230 --> 00:46:56.240 align:start position:0% Zealand Australia wherever the thing 00:46:56.240 --> 00:46:57.670 align:start position:0% Zealand Australia wherever the thing they<00:46:56.359> don't<00:46:56.720> understand 00:46:57.670 --> 00:46:57.680 align:start position:0% they don't understand 00:46:57.680 --> 00:46:59.750 align:start position:0% they don't understand is<00:46:58.359> fragmentation<00:46:59.000> problem<00:46:59.240> is<00:46:59.359> not<00:46:59.480> on<00:46:59.599> a 00:46:59.750 --> 00:46:59.760 align:start position:0% is fragmentation problem is not on a 00:46:59.760 --> 00:47:01.430 align:start position:0% is fragmentation problem is not on a financial<00:47:00.200> level<00:47:00.520> only<00:47:00.880> it's<00:47:01.040> also<00:47:01.200> on<00:47:01.280> a 00:47:01.430 --> 00:47:01.440 align:start position:0% financial level only it's also on a 00:47:01.440 --> 00:47:04.390 align:start position:0% financial level only it's also on a cultural<00:47:02.040> level<00:47:03.040> uh<00:47:03.359> within<00:47:03.720> a<00:47:03.920> country<00:47:04.240> like 00:47:04.390 --> 00:47:04.400 align:start position:0% cultural level uh within a country like 00:47:04.400 --> 00:47:07.589 align:start position:0% cultural level uh within a country like even<00:47:04.800> Kenya<00:47:05.800> um<00:47:06.319> there's<00:47:06.960> the<00:47:07.160> Muslim 00:47:07.589 --> 00:47:07.599 align:start position:0% even Kenya um there's the Muslim 00:47:07.599 --> 00:47:09.549 align:start position:0% even Kenya um there's the Muslim Community<00:47:08.079> that<00:47:08.240> needs<00:47:08.480> Sharia<00:47:09.000> compliant 00:47:09.549 --> 00:47:09.559 align:start position:0% Community that needs Sharia compliant 00:47:09.559 --> 00:47:11.470 align:start position:0% Community that needs Sharia compliant banking<00:47:10.240> so<00:47:10.480> like<00:47:10.640> a<00:47:10.760> lot<00:47:10.880> of<00:47:11.119> crypto 00:47:11.470 --> 00:47:11.480 align:start position:0% banking so like a lot of crypto 00:47:11.480 --> 00:47:14.069 align:start position:0% banking so like a lot of crypto investing<00:47:11.920> is<00:47:12.119> like<00:47:12.359> completely<00:47:13.079> you<00:47:13.200> know 00:47:14.069 --> 00:47:14.079 align:start position:0% investing is like completely you know 00:47:14.079 --> 00:47:16.190 align:start position:0% investing is like completely you know removed<00:47:14.640> from<00:47:14.920> them<00:47:15.280> like<00:47:15.640> they<00:47:15.800> wouldn't<00:47:16.079> be 00:47:16.190 --> 00:47:16.200 align:start position:0% removed from them like they wouldn't be 00:47:16.200 --> 00:47:17.829 align:start position:0% removed from them like they wouldn't be able<00:47:16.400> to<00:47:16.520> invest<00:47:16.800> in<00:47:16.920> most<00:47:17.240> tokens<00:47:17.599> wouldn't 00:47:17.829 --> 00:47:17.839 align:start position:0% able to invest in most tokens wouldn't 00:47:17.839 --> 00:47:19.190 align:start position:0% able to invest in most tokens wouldn't be<00:47:17.920> able<00:47:18.119> to<00:47:18.240> invest<00:47:18.480> in<00:47:18.559> crypto<00:47:18.880> unless<00:47:19.119> it 00:47:19.190 --> 00:47:19.200 align:start position:0% be able to invest in crypto unless it 00:47:19.200 --> 00:47:21.870 align:start position:0% be able to invest in crypto unless it was<00:47:19.280> Sharia<00:47:19.760> compliant<00:47:20.760> um<00:47:21.359> there's<00:47:21.640> other 00:47:21.870 --> 00:47:21.880 align:start position:0% was Sharia compliant um there's other 00:47:21.880 --> 00:47:25.270 align:start position:0% was Sharia compliant um there's other nuances<00:47:22.440> to<00:47:22.599> say<00:47:22.880> that<00:47:23.119> like<00:47:23.920> um<00:47:24.280> as<00:47:24.440> El<00:47:24.920> said 00:47:25.270 --> 00:47:25.280 align:start position:0% nuances to say that like um as El said 00:47:25.280 --> 00:47:28.109 align:start position:0% nuances to say that like um as El said you<00:47:25.400> know<00:47:25.680> more<00:47:26.040> than<00:47:26.480> you<00:47:26.599> know<00:47:27.240> 2.5<00:47:27.800> billion 00:47:28.109 --> 00:47:28.119 align:start position:0% you know more than you know 2.5 billion 00:47:28.119 --> 00:47:30.829 align:start position:0% you know more than you know 2.5 billion people<00:47:28.319> living<00:47:28.680> under<00:47:29.040> 50<00:47:29.359> cents<00:47:29.599> a<00:47:29.800> day<00:47:30.440> um<00:47:30.720> I 00:47:30.829 --> 00:47:30.839 align:start position:0% people living under 50 cents a day um I 00:47:30.839 --> 00:47:34.190 align:start position:0% people living under 50 cents a day um I think<00:47:31.119> the<00:47:31.400> banking<00:47:31.920> the<00:47:32.400> unbanked<00:47:33.400> pitch 00:47:34.190 --> 00:47:34.200 align:start position:0% think the banking the unbanked pitch 00:47:34.200 --> 00:47:37.829 align:start position:0% think the banking the unbanked pitch never<00:47:34.800> you<00:47:34.960> know<00:47:35.240> goes<00:47:36.240> well<00:47:36.520> with<00:47:36.760> me<00:47:37.160> because 00:47:37.829 --> 00:47:37.839 align:start position:0% never you know goes well with me because 00:47:37.839 --> 00:47:39.910 align:start position:0% never you know goes well with me because these<00:47:38.079> folks<00:47:38.400> don't<00:47:38.640> need<00:47:38.800> to<00:47:38.960> be<00:47:39.160> unbanked 00:47:39.910 --> 00:47:39.920 align:start position:0% these folks don't need to be unbanked 00:47:39.920 --> 00:47:41.510 align:start position:0% these folks don't need to be unbanked they've<00:47:40.160> already<00:47:40.400> been<00:47:40.680> unbanked<00:47:41.359> they're 00:47:41.510 --> 00:47:41.520 align:start position:0% they've already been unbanked they're 00:47:41.520 --> 00:47:43.510 align:start position:0% they've already been unbanked they're using<00:47:41.800> mobile<00:47:42.119> money<00:47:42.559> they're<00:47:43.079> their<00:47:43.280> bank 00:47:43.510 --> 00:47:43.520 align:start position:0% using mobile money they're their bank 00:47:43.520 --> 00:47:46.069 align:start position:0% using mobile money they're their bank account<00:47:43.760> is<00:47:43.880> just<00:47:44.040> an<00:47:44.240> accessory<00:47:44.720> for<00:47:45.000> them<00:47:45.720> uh 00:47:46.069 --> 00:47:46.079 align:start position:0% account is just an accessory for them uh 00:47:46.079 --> 00:47:47.750 align:start position:0% account is just an accessory for them uh understanding<00:47:46.319> that<00:47:46.520> is<00:47:46.720> very<00:47:47.040> crucial 00:47:47.750 --> 00:47:47.760 align:start position:0% understanding that is very crucial 00:47:47.760 --> 00:47:49.589 align:start position:0% understanding that is very crucial because<00:47:48.040> then<00:47:48.160> you<00:47:48.359> actually<00:47:49.000> know<00:47:49.280> how<00:47:49.400> to 00:47:49.589 --> 00:47:49.599 align:start position:0% because then you actually know how to 00:47:49.599 --> 00:47:51.910 align:start position:0% because then you actually know how to distill<00:47:50.000> a<00:47:50.160> solution<00:47:50.520> to<00:47:50.720> them<00:47:51.319> and<00:47:51.440> in<00:47:51.640> some 00:47:51.910 --> 00:47:51.920 align:start position:0% distill a solution to them and in some 00:47:51.920 --> 00:47:54.030 align:start position:0% distill a solution to them and in some cases<00:47:52.599> a<00:47:52.760> solution<00:47:53.160> to<00:47:53.400> them<00:47:53.720> could<00:47:53.880> be 00:47:54.030 --> 00:47:54.040 align:start position:0% cases a solution to them could be 00:47:54.040 --> 00:47:57.230 align:start position:0% cases a solution to them could be serving<00:47:54.960> who<00:47:55.520> who<00:47:55.720> they're<00:47:55.920> served<00:47:56.400> by<00:47:57.040> so 00:47:57.230 --> 00:47:57.240 align:start position:0% serving who who they're served by so 00:47:57.240 --> 00:47:59.270 align:start position:0% serving who who they're served by so going<00:47:57.440> to<00:47:57.599> the<00:47:57.800> supermarket<00:47:58.720> going<00:47:58.920> to<00:47:59.079> the 00:47:59.270 --> 00:47:59.280 align:start position:0% going to the supermarket going to the 00:47:59.280 --> 00:48:02.430 align:start position:0% going to the supermarket going to the grocery<00:47:59.760> store<00:48:00.319> going<00:48:00.520> to<00:48:00.800> the<00:48:01.240> oil<00:48:01.680> company 00:48:02.430 --> 00:48:02.440 align:start position:0% grocery store going to the oil company 00:48:02.440 --> 00:48:07.109 align:start position:0% grocery store going to the oil company going<00:48:02.720> to<00:48:03.040> the<00:48:04.040> um<00:48:05.040> retail<00:48:05.839> chain<00:48:06.760> uh<00:48:06.920> and 00:48:07.109 --> 00:48:07.119 align:start position:0% going to the um retail chain uh and 00:48:07.119 --> 00:48:09.190 align:start position:0% going to the um retail chain uh and helping<00:48:07.559> them<00:48:08.200> make<00:48:08.400> their<00:48:08.599> processes<00:48:09.000> more 00:48:09.190 --> 00:48:09.200 align:start position:0% helping them make their processes more 00:48:09.200 --> 00:48:11.069 align:start position:0% helping them make their processes more efficient<00:48:09.839> because<00:48:10.119> those<00:48:10.319> costs<00:48:10.640> go<00:48:10.839> down 00:48:11.069 --> 00:48:11.079 align:start position:0% efficient because those costs go down 00:48:11.079 --> 00:48:13.549 align:start position:0% efficient because those costs go down and<00:48:11.240> trickle<00:48:11.640> down<00:48:11.880> back<00:48:12.040> to<00:48:12.680> the<00:48:12.880> actual<00:48:13.440> uh 00:48:13.549 --> 00:48:13.559 align:start position:0% and trickle down back to the actual uh 00:48:13.559 --> 00:48:15.390 align:start position:0% and trickle down back to the actual uh people<00:48:13.880> within<00:48:14.160> like<00:48:14.280> a<00:48:14.440> particular<00:48:14.839> Market 00:48:15.390 --> 00:48:15.400 align:start position:0% people within like a particular Market 00:48:15.400 --> 00:48:18.950 align:start position:0% people within like a particular Market those<00:48:15.599> nuances<00:48:16.040> are<00:48:16.559> always<00:48:16.920> ignored<00:48:17.920> um<00:48:18.640> and 00:48:18.950 --> 00:48:18.960 align:start position:0% those nuances are always ignored um and 00:48:18.960 --> 00:48:21.870 align:start position:0% those nuances are always ignored um and you<00:48:19.119> know<00:48:19.640> never<00:48:19.920> go<00:48:20.160> well<00:48:20.640> because<00:48:21.599> when<00:48:21.720> you 00:48:21.870 --> 00:48:21.880 align:start position:0% you know never go well because when you 00:48:21.880 --> 00:48:25.069 align:start position:0% you know never go well because when you think<00:48:22.440> oh<00:48:22.760> 1.4<00:48:23.400> billion<00:48:23.800> people<00:48:24.079> in<00:48:24.319> Africa 00:48:25.069 --> 00:48:25.079 align:start position:0% think oh 1.4 billion people in Africa 00:48:25.079 --> 00:48:27.270 align:start position:0% think oh 1.4 billion people in Africa you<00:48:25.240> know<00:48:25.720> uh<00:48:25.960> majority<00:48:26.440> population 00:48:27.270 --> 00:48:27.280 align:start position:0% you know uh majority population 00:48:27.280 --> 00:48:29.829 align:start position:0% you know uh majority population under<00:48:27.599> 25<00:48:28.559> all<00:48:28.640> of<00:48:28.839> those<00:48:29.040> stats<00:48:29.359> are<00:48:29.599> very 00:48:29.829 --> 00:48:29.839 align:start position:0% under 25 all of those stats are very 00:48:29.839 --> 00:48:31.230 align:start position:0% under 25 all of those stats are very exciting<00:48:30.319> you're<00:48:30.520> like<00:48:30.680> I'm<00:48:30.800> going<00:48:30.880> to<00:48:31.079> go 00:48:31.230 --> 00:48:31.240 align:start position:0% exciting you're like I'm going to go 00:48:31.240 --> 00:48:32.630 align:start position:0% exciting you're like I'm going to go ahead<00:48:31.440> and<00:48:31.559> launch<00:48:31.839> it<00:48:32.000> and<00:48:32.119> everyone<00:48:32.359> will<00:48:32.480> be 00:48:32.630 --> 00:48:32.640 align:start position:0% ahead and launch it and everyone will be 00:48:32.640 --> 00:48:34.910 align:start position:0% ahead and launch it and everyone will be amazed<00:48:33.040> and<00:48:33.240> like<00:48:33.359> they'll<00:48:33.640> use<00:48:33.920> what<00:48:34.119> I'm<00:48:34.680> I'm 00:48:34.910 --> 00:48:34.920 align:start position:0% amazed and like they'll use what I'm I'm 00:48:34.920 --> 00:48:36.349 align:start position:0% amazed and like they'll use what I'm I'm I'm<00:48:35.040> I'm<00:48:35.200> building<00:48:35.599> and<00:48:35.800> like<00:48:36.079> you<00:48:36.200> know 00:48:36.349 --> 00:48:36.359 align:start position:0% I'm I'm building and like you know 00:48:36.359 --> 00:48:38.950 align:start position:0% I'm I'm building and like you know giving<00:48:36.599> to<00:48:36.760> them<00:48:37.680> uh<00:48:37.920> but<00:48:38.240> I<00:48:38.359> said<00:48:38.559> this<00:48:38.680> on<00:48:38.800> a 00:48:38.950 --> 00:48:38.960 align:start position:0% giving to them uh but I said this on a 00:48:38.960 --> 00:48:41.549 align:start position:0% giving to them uh but I said this on a video<00:48:39.240> and<00:48:39.359> I'll<00:48:39.480> say<00:48:39.640> it<00:48:39.800> again<00:48:40.040> it's<00:48:40.280> like<00:48:41.079> uh 00:48:41.549 --> 00:48:41.559 align:start position:0% video and I'll say it again it's like uh 00:48:41.559 --> 00:48:44.670 align:start position:0% video and I'll say it again it's like uh Africa<00:48:42.000> needs<00:48:42.559> water<00:48:43.240> not<00:48:43.520> vitamins<00:48:44.359> we're<00:48:44.520> in 00:48:44.670 --> 00:48:44.680 align:start position:0% Africa needs water not vitamins we're in 00:48:44.680 --> 00:48:46.790 align:start position:0% Africa needs water not vitamins we're in the<00:48:44.920> we're<00:48:45.040> in<00:48:45.160> the<00:48:45.319> point<00:48:45.760> where<00:48:46.319> we<00:48:46.440> need 00:48:46.790 --> 00:48:46.800 align:start position:0% the we're in the point where we need 00:48:46.800 --> 00:48:49.390 align:start position:0% the we're in the point where we need necessity<00:48:47.520> tools<00:48:48.480> uh<00:48:48.599> and<00:48:48.720> most<00:48:48.960> people<00:48:49.200> need 00:48:49.390 --> 00:48:49.400 align:start position:0% necessity tools uh and most people need 00:48:49.400 --> 00:48:51.430 align:start position:0% necessity tools uh and most people need necessity<00:48:49.960> tools<00:48:50.400> they<00:48:50.520> don't<00:48:50.760> need<00:48:50.920> nice<00:48:51.200> to 00:48:51.430 --> 00:48:51.440 align:start position:0% necessity tools they don't need nice to 00:48:51.440 --> 00:48:53.390 align:start position:0% necessity tools they don't need nice to Hales<00:48:52.280> um<00:48:52.480> when<00:48:52.640> you<00:48:52.760> come<00:48:52.960> with<00:48:53.160> that 00:48:53.390 --> 00:48:53.400 align:start position:0% Hales um when you come with that 00:48:53.400 --> 00:48:56.829 align:start position:0% Hales um when you come with that perspective<00:48:53.960> you<00:48:54.119> will<00:48:54.359> quickly<00:48:55.119> distill<00:48:56.119> uh 00:48:56.829 --> 00:48:56.839 align:start position:0% perspective you will quickly distill uh 00:48:56.839 --> 00:48:58.470 align:start position:0% perspective you will quickly distill uh SAS<00:48:57.280> tool<00:48:57.520> that<00:48:57.680> helps<00:48:57.920> you<00:48:58.040> with<00:48:58.240> time 00:48:58.470 --> 00:48:58.480 align:start position:0% SAS tool that helps you with time 00:48:58.480 --> 00:49:01.750 align:start position:0% SAS tool that helps you with time management<00:48:59.400> or<00:48:59.920> you<00:49:00.040> know<00:49:00.319> some<00:49:00.599> kind<00:49:00.760> of<00:49:01.079> like 00:49:01.750 --> 00:49:01.760 align:start position:0% management or you know some kind of like 00:49:01.760 --> 00:49:03.069 align:start position:0% management or you know some kind of like productivity 00:49:03.069 --> 00:49:03.079 align:start position:0% productivity 00:49:03.079 --> 00:49:05.670 align:start position:0% productivity tracker<00:49:04.079> um<00:49:04.400> that<00:49:04.559> that's<00:49:04.799> really<00:49:05.079> not<00:49:05.319> what 00:49:05.670 --> 00:49:05.680 align:start position:0% tracker um that that's really not what 00:49:05.680 --> 00:49:07.990 align:start position:0% tracker um that that's really not what the<00:49:06.559> uh<00:49:06.720> folks<00:49:07.000> are<00:49:07.160> looking<00:49:07.359> for<00:49:07.599> at<00:49:07.799> this 00:49:07.990 --> 00:49:08.000 align:start position:0% the uh folks are looking for at this 00:49:08.000 --> 00:49:11.430 align:start position:0% the uh folks are looking for at this time<00:49:08.480> but<00:49:08.640> if<00:49:08.760> we<00:49:08.920> do<00:49:09.240> the<00:49:09.680> lowlevel<00:49:10.520> uh<00:49:11.000> the 00:49:11.430 --> 00:49:11.440 align:start position:0% time but if we do the lowlevel uh the 00:49:11.440 --> 00:49:13.430 align:start position:0% time but if we do the lowlevel uh the the<00:49:11.720> lowlevel<00:49:12.400> plumbing<00:49:12.880> stuff<00:49:13.160> then<00:49:13.280> you 00:49:13.430 --> 00:49:13.440 align:start position:0% the lowlevel plumbing stuff then you 00:49:13.440 --> 00:49:15.430 align:start position:0% the lowlevel plumbing stuff then you open<00:49:13.680> up<00:49:14.400> uh<00:49:14.480> the<00:49:14.599> floor<00:49:14.880> for<00:49:15.040> those<00:49:15.200> kind<00:49:15.319> of 00:49:15.430 --> 00:49:15.440 align:start position:0% open up uh the floor for those kind of 00:49:15.440 --> 00:49:16.870 align:start position:0% open up uh the floor for those kind of use<00:49:15.720> cases<00:49:16.040> that's<00:49:16.280> kind<00:49:16.400> of<00:49:16.480> like<00:49:16.640> what<00:49:16.760> I 00:49:16.870 --> 00:49:16.880 align:start position:0% use cases that's kind of like what I 00:49:16.880 --> 00:49:19.109 align:start position:0% use cases that's kind of like what I think<00:49:17.079> Weston<00:49:17.400> Builders<00:49:17.920> you<00:49:18.040> know<00:49:18.640> might<00:49:18.880> not 00:49:19.109 --> 00:49:19.119 align:start position:0% think Weston Builders you know might not 00:49:19.119 --> 00:49:21.710 align:start position:0% think Weston Builders you know might not quite<00:49:19.760> understand<00:49:20.599> we<00:49:20.799> have<00:49:21.200> we<00:49:21.319> have<00:49:21.520> like<00:49:21.640> a 00:49:21.710 --> 00:49:21.720 align:start position:0% quite understand we have we have like a 00:49:21.720 --> 00:49:23.390 align:start position:0% quite understand we have we have like a lot<00:49:21.880> of<00:49:22.119> questions<00:49:22.599> so<00:49:22.760> I<00:49:22.839> want<00:49:22.960> to<00:49:23.079> be<00:49:23.240> very 00:49:23.390 --> 00:49:23.400 align:start position:0% lot of questions so I want to be very 00:49:23.400 --> 00:49:26.349 align:start position:0% lot of questions so I want to be very short<00:49:23.760> with<00:49:23.920> my<00:49:24.160> answer<00:49:25.040> in<00:49:25.200> terms<00:49:25.520> of<00:49:26.079> what 00:49:26.349 --> 00:49:26.359 align:start position:0% short with my answer in terms of what 00:49:26.359 --> 00:49:28.670 align:start position:0% short with my answer in terms of what you<00:49:26.520> could<00:49:26.760> can<00:49:26.880> do<00:49:27.079> as<00:49:27.160> a<00:49:27.319> builder<00:49:27.880> thinking 00:49:28.670 --> 00:49:28.680 align:start position:0% you could can do as a builder thinking 00:49:28.680 --> 00:49:31.030 align:start position:0% you could can do as a builder thinking about<00:49:29.079> the<00:49:29.400> the<00:49:29.559> African<00:49:30.040> continent<00:49:30.720> the<00:49:30.880> best 00:49:31.030 --> 00:49:31.040 align:start position:0% about the the African continent the best 00:49:31.040 --> 00:49:33.750 align:start position:0% about the the African continent the best thing<00:49:31.200> you<00:49:31.280> can<00:49:31.480> do<00:49:31.680> is<00:49:31.839> get<00:49:32.000> on<00:49:32.119> a<00:49:32.280> plane<00:49:33.240> and 00:49:33.750 --> 00:49:33.760 align:start position:0% thing you can do is get on a plane and 00:49:33.760 --> 00:49:37.230 align:start position:0% thing you can do is get on a plane and go<00:49:33.960> to<00:49:34.280> one<00:49:34.440> of<00:49:34.680> the<00:49:35.000> Cities<00:49:35.480> you<00:49:35.599> would<00:49:36.240> learn 00:49:37.230 --> 00:49:37.240 align:start position:0% go to one of the Cities you would learn 00:49:37.240 --> 00:49:39.630 align:start position:0% go to one of the Cities you would learn way<00:49:37.400> more<00:49:37.720> than<00:49:38.160> anything<00:49:38.880> I<00:49:38.960> would<00:49:39.119> say<00:49:39.319> on 00:49:39.630 --> 00:49:39.640 align:start position:0% way more than anything I would say on 00:49:39.640 --> 00:49:43.309 align:start position:0% way more than anything I would say on the<00:49:40.640> yeah<00:49:41.280> and<00:49:41.400> I<00:49:41.559> have<00:49:41.799> two<00:49:42.680> two<00:49:42.839> quick<00:49:43.040> takes 00:49:43.309 --> 00:49:43.319 align:start position:0% the yeah and I have two two quick takes 00:49:43.319 --> 00:49:46.309 align:start position:0% the yeah and I have two two quick takes on<00:49:43.480> that<00:49:43.920> one<00:49:44.160> is<00:49:44.480> Empire<00:49:44.920> Building<00:49:45.839> doesn't 00:49:46.309 --> 00:49:46.319 align:start position:0% on that one is Empire Building doesn't 00:49:46.319 --> 00:49:49.349 align:start position:0% on that one is Empire Building doesn't work<00:49:47.319> uh<00:49:47.640> if<00:49:47.799> you're<00:49:48.040> basically<00:49:48.440> saying<00:49:49.160> hey 00:49:49.349 --> 00:49:49.359 align:start position:0% work uh if you're basically saying hey 00:49:49.359 --> 00:49:50.950 align:start position:0% work uh if you're basically saying hey we're<00:49:49.520> just<00:49:49.640> going<00:49:49.760> to<00:49:49.920> create<00:49:50.200> the<00:49:50.359> alipe 00:49:50.950 --> 00:49:50.960 align:start position:0% we're just going to create the alipe 00:49:50.960 --> 00:49:52.710 align:start position:0% we're just going to create the alipe that's<00:49:51.119> going<00:49:51.200> to<00:49:51.359> eat<00:49:51.760> everything<00:49:52.319> across 00:49:52.710 --> 00:49:52.720 align:start position:0% that's going to eat everything across 00:49:52.720 --> 00:49:55.589 align:start position:0% that's going to eat everything across all<00:49:52.880> of<00:49:53.160> Africa<00:49:53.640> and<00:49:53.799> be<00:49:54.000> the<00:49:54.119> only<00:49:54.440> thing<00:49:55.359> good 00:49:55.589 --> 00:49:55.599 align:start position:0% all of Africa and be the only thing good 00:49:55.599 --> 00:49:58.030 align:start position:0% all of Africa and be the only thing good luck<00:49:56.040> trying<00:49:56.280> to<00:49:56.760> secure<00:49:57.119> on<00:49:57.400> that<00:49:57.720> I<00:49:57.799> would 00:49:58.030 --> 00:49:58.040 align:start position:0% luck trying to secure on that I would 00:49:58.040 --> 00:49:59.829 align:start position:0% luck trying to secure on that I would love<00:49:58.200> to<00:49:58.359> meet<00:49:58.599> you<00:49:58.839> and<00:49:59.160> wish<00:49:59.319> you<00:49:59.480> all<00:49:59.599> the 00:49:59.829 --> 00:49:59.839 align:start position:0% love to meet you and wish you all the 00:49:59.839 --> 00:50:03.549 align:start position:0% love to meet you and wish you all the success<00:50:00.839> um<00:50:01.440> but<00:50:01.680> it's<00:50:02.000> basically<00:50:02.520> a<00:50:02.680> lot<00:50:02.880> of 00:50:03.549 --> 00:50:03.559 align:start position:0% success um but it's basically a lot of 00:50:03.559 --> 00:50:05.950 align:start position:0% success um but it's basically a lot of pieces<00:50:04.200> tackling<00:50:04.720> different<00:50:05.079> problems<00:50:05.760> and 00:50:05.950 --> 00:50:05.960 align:start position:0% pieces tackling different problems and 00:50:05.960 --> 00:50:07.950 align:start position:0% pieces tackling different problems and the<00:50:06.160> second<00:50:06.480> bit<00:50:06.880> it's<00:50:07.000> a<00:50:07.119> bit<00:50:07.240> of<00:50:07.359> a<00:50:07.520> spicy 00:50:07.950 --> 00:50:07.960 align:start position:0% the second bit it's a bit of a spicy 00:50:07.960 --> 00:50:10.910 align:start position:0% the second bit it's a bit of a spicy take<00:50:08.359> is<00:50:08.559> that<00:50:09.319> um<00:50:09.880> there's<00:50:10.200> actually<00:50:10.559> profit 00:50:10.910 --> 00:50:10.920 align:start position:0% take is that um there's actually profit 00:50:10.920 --> 00:50:12.950 align:start position:0% take is that um there's actually profit in<00:50:11.079> Africa<00:50:11.799> I'm<00:50:11.920> sorry<00:50:12.280> guys<00:50:12.520> I<00:50:12.599> know<00:50:12.799> this<00:50:12.880> is 00:50:12.950 --> 00:50:12.960 align:start position:0% in Africa I'm sorry guys I know this is 00:50:12.960 --> 00:50:16.150 align:start position:0% in Africa I'm sorry guys I know this is a<00:50:13.160> weird<00:50:13.760> term<00:50:14.079> and<00:50:14.319> frame<00:50:15.040> for<00:50:15.440> a<00:50:15.559> lot<00:50:15.720> of<00:50:15.920> us 00:50:16.150 --> 00:50:16.160 align:start position:0% a weird term and frame for a lot of us 00:50:16.160 --> 00:50:18.589 align:start position:0% a weird term and frame for a lot of us building<00:50:16.520> in<00:50:16.720> crypto<00:50:17.520> but<00:50:17.720> we<00:50:17.839> tend<00:50:18.079> to<00:50:18.240> build 00:50:18.589 --> 00:50:18.599 align:start position:0% building in crypto but we tend to build 00:50:18.599 --> 00:50:20.549 align:start position:0% building in crypto but we tend to build with<00:50:18.760> a<00:50:18.880> lot<00:50:19.000> of<00:50:19.119> sort<00:50:19.319> of<00:50:19.520> assumed<00:50:20.119> Visions 00:50:20.549 --> 00:50:20.559 align:start position:0% with a lot of sort of assumed Visions 00:50:20.559 --> 00:50:22.950 align:start position:0% with a lot of sort of assumed Visions for<00:50:20.799> the<00:50:20.920> future<00:50:21.760> but<00:50:22.160> there's<00:50:22.319> a<00:50:22.599> positive 00:50:22.950 --> 00:50:22.960 align:start position:0% for the future but there's a positive 00:50:22.960 --> 00:50:24.950 align:start position:0% for the future but there's a positive feedback<00:50:23.400> loop<00:50:23.720> by<00:50:23.880> adding<00:50:24.240> value<00:50:24.520> to<00:50:24.680> real 00:50:24.950 --> 00:50:24.960 align:start position:0% feedback loop by adding value to real 00:50:24.960 --> 00:50:26.870 align:start position:0% feedback loop by adding value to real people<00:50:25.319> is<00:50:25.440> they're<00:50:25.599> willing<00:50:25.880> to<00:50:26.079> pay<00:50:26.240> for<00:50:26.400> it 00:50:26.870 --> 00:50:26.880 align:start position:0% people is they're willing to pay for it 00:50:26.880 --> 00:50:28.789 align:start position:0% people is they're willing to pay for it so<00:50:27.119> a<00:50:27.240> lot<00:50:27.359> of<00:50:27.520> tools<00:50:27.880> that<00:50:28.000> we<00:50:28.119> see<00:50:28.400> like<00:50:28.559> this 00:50:28.789 --> 00:50:28.799 align:start position:0% so a lot of tools that we see like this 00:50:28.799 --> 00:50:31.309 align:start position:0% so a lot of tools that we see like this across<00:50:29.200> Africa<00:50:30.160> actually<00:50:30.480> are<00:50:30.760> profitable 00:50:31.309 --> 00:50:31.319 align:start position:0% across Africa actually are profitable 00:50:31.319 --> 00:50:33.030 align:start position:0% across Africa actually are profitable they're<00:50:31.520> building<00:50:32.160> actual<00:50:32.440> businesses<00:50:32.920> that 00:50:33.030 --> 00:50:33.040 align:start position:0% they're building actual businesses that 00:50:33.040 --> 00:50:34.950 align:start position:0% they're building actual businesses that can<00:50:33.160> last<00:50:33.359> a<00:50:33.520> long<00:50:33.680> period<00:50:33.960> of<00:50:34.119> time<00:50:34.799> and 00:50:34.950 --> 00:50:34.960 align:start position:0% can last a long period of time and 00:50:34.960 --> 00:50:36.270 align:start position:0% can last a long period of time and that's<00:50:35.200> not<00:50:35.359> a<00:50:35.559> bad<00:50:35.720> thing<00:50:35.880> and<00:50:36.000> that's<00:50:36.160> a 00:50:36.270 --> 00:50:36.280 align:start position:0% that's not a bad thing and that's a 00:50:36.280 --> 00:50:40.430 align:start position:0% that's not a bad thing and that's a great<00:50:36.559> thing<00:50:37.559> um<00:50:38.440> what<00:50:38.640> evm<00:50:39.000> chams<00:50:39.440> are<00:50:39.720> most 00:50:40.430 --> 00:50:40.440 align:start position:0% great thing um what evm chams are most 00:50:40.440 --> 00:50:43.309 align:start position:0% great thing um what evm chams are most widely<00:50:40.839> used<00:50:41.160> in<00:50:41.359> Africa<00:50:42.200> and<00:50:42.839> if<00:50:42.960> there's<00:50:43.160> a 00:50:43.309 --> 00:50:43.319 align:start position:0% widely used in Africa and if there's a 00:50:43.319 --> 00:50:45.309 align:start position:0% widely used in Africa and if there's a dominant<00:50:43.760> one<00:50:44.119> why<00:50:44.240> do<00:50:44.359> you<00:50:44.520> think<00:50:44.799> that<00:50:45.000> chain 00:50:45.309 --> 00:50:45.319 align:start position:0% dominant one why do you think that chain 00:50:45.319 --> 00:50:47.990 align:start position:0% dominant one why do you think that chain gain<00:50:45.559> more<00:50:45.799> adoption<00:50:46.640> and<00:50:46.760> if<00:50:46.920> non<00:50:47.240> evm<00:50:47.599> chain 00:50:47.990 --> 00:50:48.000 align:start position:0% gain more adoption and if non evm chain 00:50:48.000 --> 00:50:51.109 align:start position:0% gain more adoption and if non evm chain then<00:50:48.880> uh<00:50:49.640> like<00:50:50.040> chains<00:50:50.400> that<00:50:50.520> are<00:50:50.839> getting 00:50:51.109 --> 00:50:51.119 align:start position:0% then uh like chains that are getting 00:50:51.119 --> 00:50:52.710 align:start position:0% then uh like chains that are getting what<00:50:51.240> are<00:50:51.400> the<00:50:51.520> non<00:50:51.880> evm<00:50:52.200> chains<00:50:52.520> that<00:50:52.599> are 00:50:52.710 --> 00:50:52.720 align:start position:0% what are the non evm chains that are 00:50:52.720 --> 00:50:55.589 align:start position:0% what are the non evm chains that are gaining<00:50:53.119> adoption<00:50:54.119> um<00:50:54.520> jamb<00:50:54.920> you<00:50:55.000> guys<00:50:55.119> are<00:50:55.400> on 00:50:55.589 --> 00:50:55.599 align:start position:0% gaining adoption um jamb you guys are on 00:50:55.599 --> 00:50:57.910 align:start position:0% gaining adoption um jamb you guys are on Cell<00:50:56.359> yes<00:50:56.720> right<00:50:57.040> can<00:50:57.200> you<00:50:57.319> tell<00:50:57.480> us<00:50:57.599> a<00:50:57.720> little 00:50:57.910 --> 00:50:57.920 align:start position:0% Cell yes right can you tell us a little 00:50:57.920 --> 00:51:00.109 align:start position:0% Cell yes right can you tell us a little bit<00:50:58.119> of<00:50:58.440> if<00:50:58.559> you<00:50:58.960> understand<00:50:59.280> why<00:50:59.799> you<00:50:59.960> guys 00:51:00.109 --> 00:51:00.119 align:start position:0% bit of if you understand why you guys 00:51:00.119 --> 00:51:02.430 align:start position:0% bit of if you understand why you guys chose<00:51:00.440> to<00:51:00.559> work<00:51:00.760> with<00:51:00.920> cell 00:51:02.430 --> 00:51:02.440 align:start position:0% chose to work with cell 00:51:02.440 --> 00:51:04.430 align:start position:0% chose to work with cell specifically 00:51:04.430 --> 00:51:04.440 align:start position:0% specifically 00:51:04.440 --> 00:51:06.390 align:start position:0% specifically uh 00:51:06.390 --> 00:51:06.400 align:start position:0% uh 00:51:06.400 --> 00:51:09.510 align:start position:0% uh yeah<00:51:07.400> I'll<00:51:07.640> talk 00:51:09.510 --> 00:51:09.520 align:start position:0% yeah I'll talk 00:51:09.520 --> 00:51:12.789 align:start position:0% yeah I'll talk about<00:51:10.520> it's<00:51:10.720> been<00:51:10.880> a<00:51:11.000> journey<00:51:11.640> for<00:51:12.280> grass 00:51:12.789 --> 00:51:12.799 align:start position:0% about it's been a journey for grass 00:51:12.799 --> 00:51:14.349 align:start position:0% about it's been a journey for grass economics<00:51:13.359> like<00:51:13.480> we<00:51:13.599> started<00:51:13.880> with<00:51:14.040> paper 00:51:14.349 --> 00:51:14.359 align:start position:0% economics like we started with paper 00:51:14.359 --> 00:51:16.109 align:start position:0% economics like we started with paper vouchers<00:51:15.040> and<00:51:15.280> of<00:51:15.400> course<00:51:15.559> we<00:51:15.680> went<00:51:15.839> to 00:51:16.109 --> 00:51:16.119 align:start position:0% vouchers and of course we went to 00:51:16.119 --> 00:51:18.309 align:start position:0% vouchers and of course we went to digital<00:51:17.119> we've<00:51:17.319> tried<00:51:17.599> out<00:51:17.799> with<00:51:18.000> different 00:51:18.309 --> 00:51:18.319 align:start position:0% digital we've tried out with different 00:51:18.319 --> 00:51:21.870 align:start position:0% digital we've tried out with different blockchains<00:51:19.319> and<00:51:19.599> cell<00:51:20.160> obviously<00:51:20.720> became<00:51:21.559> um 00:51:21.870 --> 00:51:21.880 align:start position:0% blockchains and cell obviously became um 00:51:21.880 --> 00:51:25.030 align:start position:0% blockchains and cell obviously became um better<00:51:22.760> um<00:51:22.960> because<00:51:23.240> at<00:51:23.400> least<00:51:24.040> you<00:51:24.160> know<00:51:24.839> we 00:51:25.030 --> 00:51:25.040 align:start position:0% better um because at least you know we 00:51:25.040 --> 00:51:27.069 align:start position:0% better um because at least you know we have<00:51:25.359> a<00:51:25.520> validator<00:51:26.079> now<00:51:26.319> that<00:51:26.760> people<00:51:26.960> can 00:51:27.069 --> 00:51:27.079 align:start position:0% have a validator now that people can 00:51:27.079 --> 00:51:30.150 align:start position:0% have a validator now that people can stick<00:51:27.839> into<00:51:28.839> yeah<00:51:29.400> yeah<00:51:29.760> because<00:51:29.920> you<00:51:30.079> you 00:51:30.150 --> 00:51:30.160 align:start position:0% stick into yeah yeah because you you 00:51:30.160 --> 00:51:32.589 align:start position:0% stick into yeah yeah because you you guys<00:51:30.319> are<00:51:30.480> running<00:51:30.839> a<00:51:31.400> operating<00:51:31.799> a<00:51:32.000> valid<00:51:32.520> a 00:51:32.589 --> 00:51:32.599 align:start position:0% guys are running a operating a valid a 00:51:32.599 --> 00:51:35.270 align:start position:0% guys are running a operating a valid a cell<00:51:32.880> of<00:51:33.359> validator<00:51:34.359> right<00:51:34.599> so<00:51:34.760> that's<00:51:34.880> a<00:51:35.079> very 00:51:35.270 --> 00:51:35.280 align:start position:0% cell of validator right so that's a very 00:51:35.280 --> 00:51:36.950 align:start position:0% cell of validator right so that's a very interesting<00:51:35.760> model<00:51:36.079> you're<00:51:36.319> you're 00:51:36.950 --> 00:51:36.960 align:start position:0% interesting model you're you're 00:51:36.960 --> 00:51:39.030 align:start position:0% interesting model you're you're contributing<00:51:37.520> to<00:51:37.799> its<00:51:38.119> success<00:51:38.599> but<00:51:38.799> also 00:51:39.030 --> 00:51:39.040 align:start position:0% contributing to its success but also 00:51:39.040 --> 00:51:41.910 align:start position:0% contributing to its success but also using<00:51:39.400> the<00:51:39.559> chain<00:51:40.559> yeah<00:51:41.000> and<00:51:41.359> what<00:51:41.480> about<00:51:41.720> you 00:51:41.910 --> 00:51:41.920 align:start position:0% using the chain yeah and what about you 00:51:41.920 --> 00:51:44.270 align:start position:0% using the chain yeah and what about you guys<00:51:42.760> yeah<00:51:42.880> I<00:51:42.920> was<00:51:43.040> going<00:51:43.160> to<00:51:43.240> say<00:51:43.480> like<00:51:43.839> um<00:51:44.160> you 00:51:44.270 --> 00:51:44.280 align:start position:0% guys yeah I was going to say like um you 00:51:44.280 --> 00:51:45.589 align:start position:0% guys yeah I was going to say like um you know<00:51:44.400> ethereum<00:51:44.839> is<00:51:44.960> definitely<00:51:45.319> like<00:51:45.440> a 00:51:45.589 --> 00:51:45.599 align:start position:0% know ethereum is definitely like a 00:51:45.599 --> 00:51:47.670 align:start position:0% know ethereum is definitely like a primary<00:51:46.200> but<00:51:46.440> like<00:51:46.880> one<00:51:47.000> of<00:51:47.160> the<00:51:47.240> chains 00:51:47.670 --> 00:51:47.680 align:start position:0% primary but like one of the chains 00:51:47.680 --> 00:51:49.589 align:start position:0% primary but like one of the chains people<00:51:47.960> don't<00:51:48.240> actually<00:51:48.559> think<00:51:48.799> about<00:51:49.160> is 00:51:49.589 --> 00:51:49.599 align:start position:0% people don't actually think about is 00:51:49.599 --> 00:51:53.230 align:start position:0% people don't actually think about is like<00:51:49.880> Tron<00:51:50.559> Tron<00:51:50.839> is<00:51:51.079> very<00:51:51.359> big<00:51:51.880> in<00:51:52.160> Africa<00:51:53.160> uh 00:51:53.230 --> 00:51:53.240 align:start position:0% like Tron Tron is very big in Africa uh 00:51:53.240 --> 00:51:54.870 align:start position:0% like Tron Tron is very big in Africa uh and<00:51:53.319> it's<00:51:53.480> big<00:51:53.680> for<00:51:53.799> a<00:51:53.880> couple<00:51:54.079> of<00:51:54.240> reasons<00:51:54.720> but 00:51:54.870 --> 00:51:54.880 align:start position:0% and it's big for a couple of reasons but 00:51:54.880 --> 00:51:57.309 align:start position:0% and it's big for a couple of reasons but one<00:51:55.000> of<00:51:55.119> the<00:51:55.280> core<00:51:55.559> primary<00:51:55.920> ones<00:51:56.319> is 00:51:57.309 --> 00:51:57.319 align:start position:0% one of the core primary ones is 00:51:57.319 --> 00:51:58.990 align:start position:0% one of the core primary ones is The<00:51:57.599> Exchange<00:51:58.000> that<00:51:58.160> was<00:51:58.280> doing<00:51:58.559> the<00:51:58.680> most<00:51:58.880> on 00:51:58.990 --> 00:51:59.000 align:start position:0% The Exchange that was doing the most on 00:51:59.000 --> 00:52:01.630 align:start position:0% The Exchange that was doing the most on the<00:51:59.480> continent<00:52:00.480> uh<00:52:00.599> a<00:52:00.760> couple<00:52:00.960> of<00:52:01.119> years<00:52:01.359> ago 00:52:01.630 --> 00:52:01.640 align:start position:0% the continent uh a couple of years ago 00:52:01.640 --> 00:52:05.069 align:start position:0% the continent uh a couple of years ago is<00:52:01.799> still<00:52:02.079> quite<00:52:02.280> big<00:52:02.440> now<00:52:02.680> was<00:52:03.079> binance<00:52:04.079> uh<00:52:04.880> at 00:52:05.069 --> 00:52:05.079 align:start position:0% is still quite big now was binance uh at 00:52:05.079 --> 00:52:07.069 align:start position:0% is still quite big now was binance uh at at<00:52:05.200> there<00:52:05.319> was<00:52:05.440> a<00:52:05.680> time<00:52:06.040> where<00:52:06.480> like<00:52:06.640> the<00:52:06.799> two 00:52:07.069 --> 00:52:07.079 align:start position:0% at there was a time where like the two 00:52:07.079 --> 00:52:09.150 align:start position:0% at there was a time where like the two primary<00:52:07.400> chains<00:52:07.799> they<00:52:08.000> had<00:52:08.160> was<00:52:08.440> like<00:52:08.599> etherum 00:52:09.150 --> 00:52:09.160 align:start position:0% primary chains they had was like etherum 00:52:09.160 --> 00:52:12.030 align:start position:0% primary chains they had was like etherum and<00:52:09.400> Tron<00:52:10.400> uh<00:52:10.760> we<00:52:10.920> tend<00:52:11.160> to<00:52:11.319> think<00:52:11.599> that<00:52:11.799> people 00:52:12.030 --> 00:52:12.040 align:start position:0% and Tron uh we tend to think that people 00:52:12.040 --> 00:52:14.309 align:start position:0% and Tron uh we tend to think that people are<00:52:12.280> like<00:52:12.920> oh<00:52:13.200> there's<00:52:13.359> this<00:52:13.559> huge<00:52:13.839> evm 00:52:14.309 --> 00:52:14.319 align:start position:0% are like oh there's this huge evm 00:52:14.319 --> 00:52:16.430 align:start position:0% are like oh there's this huge evm ecosystem<00:52:14.920> I'll<00:52:15.079> jump<00:52:15.319> to<00:52:15.440> the<00:52:15.599> next<00:52:15.880> thing 00:52:16.430 --> 00:52:16.440 align:start position:0% ecosystem I'll jump to the next thing 00:52:16.440 --> 00:52:18.190 align:start position:0% ecosystem I'll jump to the next thing but<00:52:16.799> we're<00:52:17.000> actually<00:52:17.319> very<00:52:17.599> simplistic 00:52:18.190 --> 00:52:18.200 align:start position:0% but we're actually very simplistic 00:52:18.200 --> 00:52:20.589 align:start position:0% but we're actually very simplistic beings<00:52:18.640> all<00:52:18.760> of<00:52:18.920> us<00:52:19.160> humans<00:52:19.720> like<00:52:19.920> where're 00:52:20.589 --> 00:52:20.599 align:start position:0% beings all of us humans like where're 00:52:20.599 --> 00:52:22.190 align:start position:0% beings all of us humans like where're the<00:52:20.720> first<00:52:20.960> thing<00:52:21.119> that<00:52:21.240> I<00:52:21.359> used<00:52:21.720> is<00:52:21.960> something 00:52:22.190 --> 00:52:22.200 align:start position:0% the first thing that I used is something 00:52:22.200 --> 00:52:23.910 align:start position:0% the first thing that I used is something that<00:52:22.359> I'm<00:52:22.520> comfortable<00:52:23.000> with<00:52:23.200> for<00:52:23.520> whatever 00:52:23.910 --> 00:52:23.920 align:start position:0% that I'm comfortable with for whatever 00:52:23.920 --> 00:52:25.789 align:start position:0% that I'm comfortable with for whatever reason<00:52:24.319> and<00:52:24.640> it's<00:52:24.920> just<00:52:25.160> maybe<00:52:25.480> because<00:52:25.680> it 00:52:25.789 --> 00:52:25.799 align:start position:0% reason and it's just maybe because it 00:52:25.799 --> 00:52:26.910 align:start position:0% reason and it's just maybe because it was<00:52:25.960> like<00:52:26.079> the<00:52:26.160> first<00:52:26.520> thing<00:52:26.680> that<00:52:26.760> I 00:52:26.910 --> 00:52:26.920 align:start position:0% was like the first thing that I 00:52:26.920 --> 00:52:29.430 align:start position:0% was like the first thing that I experienced<00:52:27.920> so<00:52:28.119> Tron<00:52:28.400> is<00:52:28.520> massive<00:52:28.839> in<00:52:29.000> Africa 00:52:29.430 --> 00:52:29.440 align:start position:0% experienced so Tron is massive in Africa 00:52:29.440 --> 00:52:32.470 align:start position:0% experienced so Tron is massive in Africa and<00:52:29.559> then<00:52:29.760> non<00:52:30.000> evm<00:52:30.400> chains<00:52:31.079> like<00:52:31.880> um<00:52:32.240> even 00:52:32.470 --> 00:52:32.480 align:start position:0% and then non evm chains like um even 00:52:32.480 --> 00:52:34.910 align:start position:0% and then non evm chains like um even even<00:52:32.680> outside<00:52:33.160> of<00:52:33.680> the<00:52:33.920> their<00:52:34.200> Eco<00:52:34.520> system 00:52:34.910 --> 00:52:34.920 align:start position:0% even outside of the their Eco system 00:52:34.920 --> 00:52:37.789 align:start position:0% even outside of the their Eco system Stellar<00:52:35.359> is<00:52:35.480> a<00:52:35.680> huge<00:52:36.000> chain<00:52:36.480> that<00:52:37.000> uh<00:52:37.119> we<00:52:37.359> use 00:52:37.789 --> 00:52:37.799 align:start position:0% Stellar is a huge chain that uh we use 00:52:37.799 --> 00:52:40.430 align:start position:0% Stellar is a huge chain that uh we use at<00:52:37.960> hyon<00:52:38.400> and<00:52:38.599> Pier<00:52:39.400> um<00:52:39.839> but<00:52:40.160> we've 00:52:40.430 --> 00:52:40.440 align:start position:0% at hyon and Pier um but we've 00:52:40.440 --> 00:52:42.470 align:start position:0% at hyon and Pier um but we've intentionally<00:52:41.200> made<00:52:41.440> ourselves<00:52:41.960> evm 00:52:42.470 --> 00:52:42.480 align:start position:0% intentionally made ourselves evm 00:52:42.480 --> 00:52:44.230 align:start position:0% intentionally made ourselves evm compatible<00:52:43.440> cuz<00:52:43.559> you're<00:52:43.720> seeing<00:52:44.000> all<00:52:44.079> of 00:52:44.230 --> 00:52:44.240 align:start position:0% compatible cuz you're seeing all of 00:52:44.240 --> 00:52:46.349 align:start position:0% compatible cuz you're seeing all of these<00:52:44.440> different<00:52:44.799> exciting<00:52:45.799> like<00:52:46.079> you<00:52:46.200> know 00:52:46.349 --> 00:52:46.359 align:start position:0% these different exciting like you know 00:52:46.359 --> 00:52:49.910 align:start position:0% these different exciting like you know new<00:52:46.599> developments<00:52:47.520> like<00:52:48.240> uh<00:52:49.040> like<00:52:49.240> world<00:52:49.720> for 00:52:49.910 --> 00:52:49.920 align:start position:0% new developments like uh like world for 00:52:49.920 --> 00:52:51.589 align:start position:0% new developments like uh like world for example<00:52:50.559> you<00:52:50.680> know<00:52:50.839> creating<00:52:51.240> their<00:52:51.359> own 00:52:51.589 --> 00:52:51.599 align:start position:0% example you know creating their own 00:52:51.599 --> 00:52:53.510 align:start position:0% example you know creating their own blockchain<00:52:52.079> which<00:52:52.200> is<00:52:52.319> evm<00:52:52.760> compatible 00:52:53.510 --> 00:52:53.520 align:start position:0% blockchain which is evm compatible 00:52:53.520 --> 00:52:55.990 align:start position:0% blockchain which is evm compatible that's<00:52:54.200> very<00:52:54.480> intentional<00:52:55.160> because<00:52:55.520> like<00:52:55.839> for 00:52:55.990 --> 00:52:56.000 align:start position:0% that's very intentional because like for 00:52:56.000 --> 00:52:57.789 align:start position:0% that's very intentional because like for them<00:52:56.160> they<00:52:56.280> want<00:52:56.640> own<00:52:56.839> their<00:52:57.000> ecosystem<00:52:57.559> own 00:52:57.789 --> 00:52:57.799 align:start position:0% them they want own their ecosystem own 00:52:57.799 --> 00:52:59.349 align:start position:0% them they want own their ecosystem own their<00:52:57.960> users<00:52:58.359> and<00:52:58.559> that's<00:52:58.720> kind<00:52:58.839> of<00:52:59.000> like<00:52:59.160> the 00:52:59.349 --> 00:52:59.359 align:start position:0% their users and that's kind of like the 00:52:59.359 --> 00:53:02.910 align:start position:0% their users and that's kind of like the only<00:52:59.599> way<00:52:59.720> to<00:52:59.880> do<00:53:00.040> it<00:53:00.880> um<00:53:01.400> but<00:53:02.200> I<00:53:02.280> think<00:53:02.480> for<00:53:02.640> me 00:53:02.910 --> 00:53:02.920 align:start position:0% only way to do it um but I think for me 00:53:02.920 --> 00:53:06.270 align:start position:0% only way to do it um but I think for me like<00:53:03.520> ethereum<00:53:04.240> Tron<00:53:05.040> Stellar<00:53:05.520> cell<00:53:05.920> would<00:53:06.079> be 00:53:06.270 --> 00:53:06.280 align:start position:0% like ethereum Tron Stellar cell would be 00:53:06.280 --> 00:53:08.470 align:start position:0% like ethereum Tron Stellar cell would be the<00:53:06.720> top<00:53:06.920> chains<00:53:07.240> that<00:53:07.359> are<00:53:07.720> most<00:53:07.960> widely<00:53:08.240> used 00:53:08.470 --> 00:53:08.480 align:start position:0% the top chains that are most widely used 00:53:08.480 --> 00:53:10.430 align:start position:0% the top chains that are most widely used in 00:53:10.430 --> 00:53:10.440 align:start position:0% in 00:53:10.440 --> 00:53:13.829 align:start position:0% in Africa<00:53:11.760> um<00:53:12.760> are<00:53:12.960> these<00:53:13.240> questions<00:53:13.599> going<00:53:13.720> to 00:53:13.829 --> 00:53:13.839 align:start position:0% Africa um are these questions going to 00:53:13.839 --> 00:53:15.270 align:start position:0% Africa um are these questions going to be<00:53:14.000> available<00:53:14.440> afterwards<00:53:15.040> because<00:53:15.160> these 00:53:15.270 --> 00:53:15.280 align:start position:0% be available afterwards because these 00:53:15.280 --> 00:53:16.910 align:start position:0% be available afterwards because these are<00:53:15.480> like<00:53:15.720> really<00:53:15.960> really<00:53:16.200> great<00:53:16.520> questions 00:53:16.910 --> 00:53:16.920 align:start position:0% are like really really great questions 00:53:16.920 --> 00:53:18.670 align:start position:0% are like really really great questions and<00:53:17.040> I<00:53:17.200> wish<00:53:17.520> I<00:53:17.640> wish<00:53:17.839> I 00:53:18.670 --> 00:53:18.680 align:start position:0% and I wish I wish I 00:53:18.680 --> 00:53:22.390 align:start position:0% and I wish I wish I could<00:53:19.680> answer<00:53:20.079> like<00:53:20.240> all<00:53:20.480> of<00:53:20.720> them<00:53:21.559> um<00:53:22.160> but<00:53:22.319> I 00:53:22.390 --> 00:53:22.400 align:start position:0% could answer like all of them um but I 00:53:22.400 --> 00:53:24.589 align:start position:0% could answer like all of them um but I think<00:53:22.559> we've<00:53:22.799> kind<00:53:22.920> of<00:53:23.200> talked<00:53:23.480> about<00:53:23.760> the<00:53:23.880> evm 00:53:24.589 --> 00:53:24.599 align:start position:0% think we've kind of talked about the evm 00:53:24.599 --> 00:53:27.230 align:start position:0% think we've kind of talked about the evm evm<00:53:25.079> stuff<00:53:25.319> and<00:53:25.440> we<00:53:25.559> have<00:53:25.680> just<00:53:25.839> two<00:53:26.079> minutes 00:53:27.230 --> 00:53:27.240 align:start position:0% evm stuff and we have just two minutes 00:53:27.240 --> 00:53:29.109 align:start position:0% evm stuff and we have just two minutes um<00:53:27.680> and<00:53:27.799> I<00:53:27.880> think<00:53:28.040> maybe<00:53:28.319> the<00:53:28.520> last<00:53:28.799> question 00:53:29.109 --> 00:53:29.119 align:start position:0% um and I think maybe the last question 00:53:29.119 --> 00:53:31.349 align:start position:0% um and I think maybe the last question is<00:53:29.240> a<00:53:29.480> good<00:53:29.680> way<00:53:29.839> to<00:53:30.240> end<00:53:30.480> the<00:53:30.599> panel<00:53:31.040> which<00:53:31.160> is 00:53:31.349 --> 00:53:31.359 align:start position:0% is a good way to end the panel which is 00:53:31.359 --> 00:53:33.789 align:start position:0% is a good way to end the panel which is just<00:53:31.559> like<00:53:31.839> what<00:53:32.079> crypto-based<00:53:32.640> products<00:53:33.599> do 00:53:33.789 --> 00:53:33.799 align:start position:0% just like what crypto-based products do 00:53:33.799 --> 00:53:38.510 align:start position:0% just like what crypto-based products do we<00:53:33.960> reach<00:53:34.160> exed<00:53:34.520> in<00:53:34.720> Africa<00:53:36.000> um<00:53:37.000> I'm<00:53:37.520> generally 00:53:38.510 --> 00:53:38.520 align:start position:0% we reach exed in Africa um I'm generally 00:53:38.520 --> 00:53:40.710 align:start position:0% we reach exed in Africa um I'm generally interested<00:53:39.000> in<00:53:39.160> anything<00:53:39.640> that<00:53:39.880> actually 00:53:40.710 --> 00:53:40.720 align:start position:0% interested in anything that actually 00:53:40.720 --> 00:53:44.549 align:start position:0% interested in anything that actually allows<00:53:41.359> an<00:53:41.520> unchain<00:53:42.040> economy<00:53:42.359> to<00:53:42.720> thrive<00:53:43.720> um 00:53:44.549 --> 00:53:44.559 align:start position:0% allows an unchain economy to thrive um 00:53:44.559 --> 00:53:48.589 align:start position:0% allows an unchain economy to thrive um and<00:53:45.559> the<00:53:45.799> most<00:53:46.440> popular<00:53:47.280> digital<00:53:48.000> economic 00:53:48.589 --> 00:53:48.599 align:start position:0% and the most popular digital economic 00:53:48.599 --> 00:53:51.309 align:start position:0% and the most popular digital economic infrastructure<00:53:49.400> in<00:53:49.520> the<00:53:49.640> world<00:53:50.040> that<00:53:50.200> is<00:53:51.079> at 00:53:51.309 --> 00:53:51.319 align:start position:0% infrastructure in the world that is at 00:53:51.319 --> 00:53:53.470 align:start position:0% infrastructure in the world that is at what<00:53:51.559> I<00:53:51.720> call<00:53:52.079> population<00:53:52.720> scale<00:53:53.240> that<00:53:53.359> is 00:53:53.470 --> 00:53:53.480 align:start position:0% what I call population scale that is 00:53:53.480 --> 00:53:55.230 align:start position:0% what I call population scale that is used<00:53:53.720> by<00:53:53.799> a<00:53:53.920> billion<00:53:54.319> people<00:53:54.559> is<00:53:54.720> the<00:53:54.839> India 00:53:55.230 --> 00:53:55.240 align:start position:0% used by a billion people is the India 00:53:55.240 --> 00:53:57.670 align:start position:0% used by a billion people is the India stack<00:53:56.240> but<00:53:56.440> but<00:53:56.520> the<00:53:56.559> India<00:53:56.920> stack<00:53:57.200> is<00:53:57.440> very 00:53:57.670 --> 00:53:57.680 align:start position:0% stack but but the India stack is very 00:53:57.680 --> 00:54:00.510 align:start position:0% stack but but the India stack is very similar<00:53:58.000> to<00:53:58.160> impesa<00:53:58.720> impesa<00:53:59.720> was<00:53:59.960> mobile 00:54:00.510 --> 00:54:00.520 align:start position:0% similar to impesa impesa was mobile 00:54:00.520 --> 00:54:04.230 align:start position:0% similar to impesa impesa was mobile money<00:54:01.520> owned<00:54:02.000> by<00:54:02.599> a<00:54:02.960> particular<00:54:03.520> corporation 00:54:04.230 --> 00:54:04.240 align:start position:0% money owned by a particular corporation 00:54:04.240 --> 00:54:07.030 align:start position:0% money owned by a particular corporation the<00:54:04.400> India's<00:54:04.880> stack<00:54:05.760> is<00:54:05.960> also<00:54:06.319> technology 00:54:07.030 --> 00:54:07.040 align:start position:0% the India's stack is also technology 00:54:07.040 --> 00:54:09.670 align:start position:0% the India's stack is also technology that<00:54:07.160> is<00:54:07.319> owned<00:54:07.760> by<00:54:08.040> the<00:54:08.240> government<00:54:09.200> right 00:54:09.670 --> 00:54:09.680 align:start position:0% that is owned by the government right 00:54:09.680 --> 00:54:14.230 align:start position:0% that is owned by the government right usdc<00:54:10.680> or<00:54:10.880> usdt<00:54:11.599> or<00:54:11.799> stable<00:54:12.319> coins<00:54:13.319> is<00:54:13.799> digital 00:54:14.230 --> 00:54:14.240 align:start position:0% usdc or usdt or stable coins is digital 00:54:14.240 --> 00:54:16.549 align:start position:0% usdc or usdt or stable coins is digital money<00:54:14.599> that<00:54:14.720> is<00:54:14.839> on<00:54:14.960> the<00:54:15.160> blockchain<00:54:16.160> and<00:54:16.280> so 00:54:16.549 --> 00:54:16.559 align:start position:0% money that is on the blockchain and so 00:54:16.559 --> 00:54:19.549 align:start position:0% money that is on the blockchain and so the<00:54:16.680> India<00:54:17.119> stack<00:54:17.520> and<00:54:17.920> ideas<00:54:18.280> across 00:54:19.549 --> 00:54:19.559 align:start position:0% the India stack and ideas across 00:54:19.559 --> 00:54:23.069 align:start position:0% the India stack and ideas across identity<00:54:20.559> digital<00:54:21.040> locker<00:54:21.599> and<00:54:21.920> like<00:54:22.920> like 00:54:23.069 --> 00:54:23.079 align:start position:0% identity digital locker and like like 00:54:23.079 --> 00:54:24.789 align:start position:0% identity digital locker and like like moving<00:54:23.480> that<00:54:23.640> and<00:54:23.760> putting<00:54:24.000> that<00:54:24.119> on<00:54:24.280> chain<00:54:24.599> as 00:54:24.789 --> 00:54:24.799 align:start position:0% moving that and putting that on chain as 00:54:24.799 --> 00:54:27.750 align:start position:0% moving that and putting that on chain as well<00:54:25.440> I<00:54:25.559> think<00:54:25.720> is<00:54:25.880> the<00:54:26.079> next<00:54:26.480> sort<00:54:26.640> of<00:54:26.880> big 00:54:27.750 --> 00:54:27.760 align:start position:0% well I think is the next sort of big 00:54:27.760 --> 00:54:31.549 align:start position:0% well I think is the next sort of big like<00:54:27.960> really<00:54:28.200> big<00:54:28.559> meta<00:54:29.559> and<00:54:30.000> people<00:54:30.559> across 00:54:31.549 --> 00:54:31.559 align:start position:0% like really big meta and people across 00:54:31.559 --> 00:54:33.109 align:start position:0% like really big meta and people across the<00:54:31.720> global<00:54:32.040> majority<00:54:32.480> are<00:54:32.599> building<00:54:32.920> this 00:54:33.109 --> 00:54:33.119 align:start position:0% the global majority are building this 00:54:33.119 --> 00:54:34.349 align:start position:0% the global majority are building this building<00:54:33.480> blocks<00:54:33.799> and<00:54:33.880> they're<00:54:34.000> going<00:54:34.079> to<00:54:34.200> be 00:54:34.349 --> 00:54:34.359 align:start position:0% building blocks and they're going to be 00:54:34.359 --> 00:54:37.069 align:start position:0% building blocks and they're going to be composable<00:54:35.040> so<00:54:35.319> that<00:54:36.079> that<00:54:36.319> stream<00:54:36.799> is 00:54:37.069 --> 00:54:37.079 align:start position:0% composable so that that stream is 00:54:37.079 --> 00:54:38.990 align:start position:0% composable so that that stream is actually<00:54:38.079> when<00:54:38.319> when<00:54:38.440> people<00:54:38.640> talk<00:54:38.799> about 00:54:38.990 --> 00:54:39.000 align:start position:0% actually when when people talk about 00:54:39.000 --> 00:54:40.950 align:start position:0% actually when when people talk about real<00:54:39.359> world<00:54:39.680> ethereum<00:54:40.319> that's<00:54:40.520> kind<00:54:40.640> of<00:54:40.799> like 00:54:40.950 --> 00:54:40.960 align:start position:0% real world ethereum that's kind of like 00:54:40.960 --> 00:54:43.069 align:start position:0% real world ethereum that's kind of like what<00:54:41.079> I<00:54:41.200> think<00:54:41.599> you<00:54:41.720> know<00:54:41.839> the<00:54:41.920> India<00:54:42.359> stack<00:54:42.559> on 00:54:43.069 --> 00:54:43.079 align:start position:0% what I think you know the India stack on 00:54:43.079 --> 00:54:45.910 align:start position:0% what I think you know the India stack on chain<00:54:44.079> quickly<00:54:44.440> you<00:54:44.680> guys<00:54:45.240> what<00:54:45.359> other 00:54:45.910 --> 00:54:45.920 align:start position:0% chain quickly you guys what other 00:54:45.920 --> 00:54:47.950 align:start position:0% chain quickly you guys what other crypto-based<00:54:46.440> projects<00:54:46.960> you<00:54:47.119> wish 00:54:47.950 --> 00:54:47.960 align:start position:0% crypto-based projects you wish 00:54:47.960 --> 00:54:51.950 align:start position:0% crypto-based projects you wish existed<00:54:48.960> uh<00:54:49.119> for<00:54:49.319> me<00:54:49.920> like<00:54:50.920> uh<00:54:51.240> one<00:54:51.400> of<00:54:51.720> one<00:54:51.799> of 00:54:51.950 --> 00:54:51.960 align:start position:0% existed uh for me like uh one of one of 00:54:51.960 --> 00:54:54.030 align:start position:0% existed uh for me like uh one of one of one<00:54:52.040> of<00:54:52.119> the<00:54:52.200> ones<00:54:52.400> that's<00:54:52.599> like<00:54:53.480> been<00:54:53.920> you 00:54:54.030 --> 00:54:54.040 align:start position:0% one of the ones that's like been you 00:54:54.040 --> 00:54:56.030 align:start position:0% one of the ones that's like been you know<00:54:54.240> going<00:54:54.760> across<00:54:55.119> my<00:54:55.280> mind<00:54:55.520> for<00:54:55.680> a<00:54:55.799> long 00:54:56.030 --> 00:54:56.040 align:start position:0% know going across my mind for a long 00:54:56.040 --> 00:54:57.710 align:start position:0% know going across my mind for a long time 00:54:57.710 --> 00:54:57.720 align:start position:0% time 00:54:57.720 --> 00:55:02.910 align:start position:0% time is<00:54:58.960> so<00:54:59.960> uh<00:55:00.119> RPC<00:55:00.799> layers<00:55:01.760> that<00:55:02.000> make<00:55:02.440> crypto 00:55:02.910 --> 00:55:02.920 align:start position:0% is so uh RPC layers that make crypto 00:55:02.920 --> 00:55:05.349 align:start position:0% is so uh RPC layers that make crypto feel<00:55:03.240> less<00:55:03.520> scary<00:55:03.920> for<00:55:04.119> people<00:55:04.720> now<00:55:04.960> I<00:55:05.079> say 00:55:05.349 --> 00:55:05.359 align:start position:0% feel less scary for people now I say 00:55:05.359 --> 00:55:09.470 align:start position:0% feel less scary for people now I say that<00:55:06.000> to<00:55:06.400> to<00:55:06.799> mean<00:55:07.799> uh<00:55:08.160> imagine<00:55:08.640> telling<00:55:09.040> your 00:55:09.470 --> 00:55:09.480 align:start position:0% that to to mean uh imagine telling your 00:55:09.480 --> 00:55:12.190 align:start position:0% that to to mean uh imagine telling your grandma<00:55:10.480> that<00:55:11.079> no<00:55:11.359> you<00:55:11.480> should<00:55:11.680> have<00:55:11.839> sent<00:55:12.079> it 00:55:12.190 --> 00:55:12.200 align:start position:0% grandma that no you should have sent it 00:55:12.200 --> 00:55:14.510 align:start position:0% grandma that no you should have sent it to<00:55:12.480> this<00:55:12.720> ethereum<00:55:13.280> address<00:55:13.760> now<00:55:13.960> the<00:55:14.119> crypto 00:55:14.510 --> 00:55:14.520 align:start position:0% to this ethereum address now the crypto 00:55:14.520 --> 00:55:16.510 align:start position:0% to this ethereum address now the crypto is<00:55:14.680> gone<00:55:15.160> you<00:55:15.319> send<00:55:15.599> it<00:55:15.720> to<00:55:15.839> a<00:55:15.960> random<00:55:16.319> one 00:55:16.510 --> 00:55:16.520 align:start position:0% is gone you send it to a random one 00:55:16.520 --> 00:55:19.950 align:start position:0% is gone you send it to a random one onchain<00:55:17.400> right<00:55:18.400> right<00:55:18.960> she<00:55:19.160> will<00:55:19.559> basically 00:55:19.950 --> 00:55:19.960 align:start position:0% onchain right right she will basically 00:55:19.960 --> 00:55:21.670 align:start position:0% onchain right right she will basically wonder<00:55:20.359> what<00:55:20.440> are<00:55:20.520> you<00:55:20.640> even<00:55:20.880> talking<00:55:21.160> about<00:55:21.520> I 00:55:21.670 --> 00:55:21.680 align:start position:0% wonder what are you even talking about I 00:55:21.680 --> 00:55:23.630 align:start position:0% wonder what are you even talking about I tried<00:55:21.839> to<00:55:21.960> send<00:55:22.160> you<00:55:22.280> money<00:55:22.960> uh<00:55:23.280> can't<00:55:23.480> you 00:55:23.630 --> 00:55:23.640 align:start position:0% tried to send you money uh can't you 00:55:23.640 --> 00:55:26.390 align:start position:0% tried to send you money uh can't you just<00:55:23.799> call<00:55:24.039> them<00:55:24.240> and<00:55:24.359> they'll<00:55:24.559> reverse<00:55:25.319> it 00:55:26.390 --> 00:55:26.400 align:start position:0% just call them and they'll reverse it 00:55:26.400 --> 00:55:28.589 align:start position:0% just call them and they'll reverse it now<00:55:26.799> I<00:55:26.880> don't<00:55:27.079> have<00:55:27.319> italic<00:55:27.839> number<00:55:28.319> but<00:55:28.520> I 00:55:28.589 --> 00:55:28.599 align:start position:0% now I don't have italic number but I 00:55:28.599 --> 00:55:29.750 align:start position:0% now I don't have italic number but I don't<00:55:28.760> think<00:55:28.960> anyone<00:55:29.280> the<00:55:29.400> ethereum 00:55:29.750 --> 00:55:29.760 align:start position:0% don't think anyone the ethereum 00:55:29.760 --> 00:55:31.750 align:start position:0% don't think anyone the ethereum foundation<00:55:30.200> can<00:55:30.400> help<00:55:30.720> if<00:55:30.799> you<00:55:30.920> send<00:55:31.400> crypto 00:55:31.750 --> 00:55:31.760 align:start position:0% foundation can help if you send crypto 00:55:31.760 --> 00:55:34.789 align:start position:0% foundation can help if you send crypto to<00:55:31.880> the<00:55:32.000> wrong<00:55:32.240> address<00:55:32.839> right<00:55:33.520> um<00:55:34.039> but<00:55:34.599> that 00:55:34.789 --> 00:55:34.799 align:start position:0% to the wrong address right um but that 00:55:34.799 --> 00:55:37.309 align:start position:0% to the wrong address right um but that RPC<00:55:35.319> layer<00:55:35.640> is<00:55:35.799> interesting<00:55:36.200> to<00:55:36.319> me<00:55:36.960> oh 00:55:37.309 --> 00:55:37.319 align:start position:0% RPC layer is interesting to me oh 00:55:37.319 --> 00:55:40.829 align:start position:0% RPC layer is interesting to me oh because<00:55:38.200> uh<00:55:39.200> like<00:55:39.599> we<00:55:39.760> need<00:55:40.039> to<00:55:40.200> build<00:55:40.480> more 00:55:40.829 --> 00:55:40.839 align:start position:0% because uh like we need to build more 00:55:40.839 --> 00:55:44.710 align:start position:0% because uh like we need to build more guard<00:55:41.079> reils<00:55:41.400> around<00:55:41.640> it<00:55:42.000> yeah<00:55:42.480> yeah<00:55:43.720> jamb 00:55:44.710 --> 00:55:44.720 align:start position:0% guard reils around it yeah yeah jamb 00:55:44.720 --> 00:55:48.349 align:start position:0% guard reils around it yeah yeah jamb anas<00:55:45.280> for<00:55:45.520> like<00:55:45.880> uh<00:55:46.480> for<00:55:46.839> like<00:55:47.319> um<00:55:47.640> the 00:55:48.349 --> 00:55:48.359 align:start position:0% anas for like uh for like um the 00:55:48.359 --> 00:55:51.710 align:start position:0% anas for like uh for like um the addresses<00:55:49.359> well<00:55:49.640> no<00:55:50.119> like<00:55:50.720> even<00:55:50.920> withouts<00:55:51.640> I 00:55:51.710 --> 00:55:51.720 align:start position:0% addresses well no like even withouts I 00:55:51.720 --> 00:55:53.510 align:start position:0% addresses well no like even withouts I think<00:55:51.880> that<00:55:52.000> RPC<00:55:52.440> layer<00:55:52.640> is<00:55:52.760> like<00:55:52.960> helpful<00:55:53.400> so 00:55:53.510 --> 00:55:53.520 align:start position:0% think that RPC layer is like helpful so 00:55:53.520 --> 00:55:55.190 align:start position:0% think that RPC layer is like helpful so like<00:55:53.599> you<00:55:53.680> can<00:55:53.839> reverse<00:55:54.400> you<00:55:54.480> can<00:55:54.720> like 00:55:55.190 --> 00:55:55.200 align:start position:0% like you can reverse you can like 00:55:55.200 --> 00:55:57.069 align:start position:0% like you can reverse you can like authorize<00:55:55.839> trans 00:55:57.069 --> 00:55:57.079 align:start position:0% authorize trans 00:55:57.079 --> 00:55:59.109 align:start position:0% authorize trans well<00:55:57.400> thank<00:55:57.599> you<00:55:57.760> all<00:55:57.960> so<00:55:58.200> much<00:55:58.520> for<00:55:58.880> the 00:55:59.109 --> 00:55:59.119 align:start position:0% well thank you all so much for the 00:55:59.119 --> 00:56:02.230 align:start position:0% well thank you all so much for the session<00:55:59.760> here<00:56:00.119> and<00:56:00.240> for<00:56:00.520> listening<00:56:00.960> to<00:56:01.200> us<00:56:02.119> I 00:56:02.230 --> 00:56:02.240 align:start position:0% session here and for listening to us I 00:56:02.240 --> 00:56:03.950 align:start position:0% session here and for listening to us I hope<00:56:02.520> you 00:56:03.950 --> 00:56:03.960 align:start position:0% hope you 00:56:03.960 --> 00:56:07.270 align:start position:0% hope you found<00:56:04.960> I<00:56:05.079> hope<00:56:05.240> you<00:56:05.359> found<00:56:05.559> it<00:56:05.799> valuable<00:56:06.640> and 00:56:07.270 --> 00:56:07.280 align:start position:0% found I hope you found it valuable and 00:56:07.280 --> 00:56:08.990 align:start position:0% found I hope you found it valuable and if<00:56:07.400> you<00:56:07.480> want<00:56:07.599> to<00:56:07.799> take<00:56:08.039> this<00:56:08.240> relationship<00:56:08.839> to 00:56:08.990 --> 00:56:09.000 align:start position:0% if you want to take this relationship to 00:56:09.000 --> 00:56:11.109 align:start position:0% if you want to take this relationship to the<00:56:09.200> next<00:56:09.480> level<00:56:09.960> you're<00:56:10.200> very<00:56:10.440> welcome<00:56:10.880> to 00:56:11.109 --> 00:56:11.119 align:start position:0% the next level you're very welcome to 00:56:11.119 --> 00:56:13.390 align:start position:0% the next level you're very welcome to visit<00:56:11.440> the<00:56:11.599> continent<00:56:12.559> and<00:56:12.720> spend<00:56:13.039> time<00:56:13.240> in 00:56:13.390 --> 00:56:13.400 align:start position:0% visit the continent and spend time in 00:56:13.400 --> 00:56:15.870 align:start position:0% visit the continent and spend time in many<00:56:13.599> of<00:56:13.720> these<00:56:13.920> communities<00:56:14.760> thank 00:56:15.870 --> 00:56:15.880 align:start position:0% many of these communities thank 00:56:15.880 --> 00:56:17.829 align:start position:0% many of these communities thank you<00:56:16.880> thank 00:56:17.829 --> 00:56:17.839 align:start position:0% you thank 00:56:17.839 --> 00:56:20.270 align:start position:0% you thank you<00:56:18.839> big<00:56:19.039> thank<00:56:19.200> you<00:56:19.280> to<00:56:19.400> all<00:56:19.520> the<00:56:19.680> panelists 00:56:20.270 --> 00:56:20.280 align:start position:0% you big thank you to all the panelists 00:56:20.280 --> 00:56:22.950 align:start position:0% you big thank you to all the panelists that<00:56:20.440> was<00:56:21.119> awesome<00:56:22.119> and<00:56:22.359> have<00:56:22.480> a<00:56:22.640> lovely 00:56:22.950 --> 00:56:22.960 align:start position:0% that was awesome and have a lovely 00:56:22.960 --> 00:56:25.960 align:start position:0% that was awesome and have a lovely afternoon