[SPEAKER_01]: Welcome to the crypto maverick podcast and we have a great guest here for everyone.
[SPEAKER_01]: Today we're joined by Alvin from the Big Get Wallet to break down the launch of its on-chain payments metrics, a live infrastructure layer designed to connect stablecoins, card networks, banks, merchants, and even AI driven payments in the one coordinated system.
[SPEAKER_01]: Really happy to have Alvin on and talk all about Big Get Wallet.
[SPEAKER_01]: How you doing today?
[SPEAKER_00]: Hey, Brian, good to see you.
[SPEAKER_00]: Yeah, it was good today.
[SPEAKER_01]: Yeah, you've had some big announcements here.
[SPEAKER_01]: So I'm excited about it.
[SPEAKER_01]: I'm excited to share it with the audience.
[SPEAKER_01]: And, I guess, Alvin, to start us off, give us a quick version of your background and what led you to pick it up wall it.
[SPEAKER_00]: Yeah, well, actually, most of my experience was outside of Web3.
[SPEAKER_00]: You know, I started a career in the government.
[SPEAKER_00]: And then, what's with LinkedIn, professional networking platform for nine years, doing a mix of analytics and sales.
[SPEAKER_00]: And I think it was, I stayed there for nine years.
[SPEAKER_00]: So it was a really long time when the first came in to expand in Asia.
[SPEAKER_00]: I was one of the kind of founding team members here, helping them to grow.
[SPEAKER_00]: And after nine years, I felt like, you know, I really wanted to enter a new industry where things were being disrupted.
[SPEAKER_00]: And that is when I started to learn more about Bitcoin and Ethereum.
[SPEAKER_00]: This was like in the 2020's year 2020.
[SPEAKER_00]: And then I really felt that, you know, Bitcoin and Ethereum and blockchain actually is going to disrupt the entire finance industry.
[SPEAKER_00]: So, went through, I went through Binance, was at BMB Chain and say a few L1s before coming over.
[SPEAKER_01]: Yeah, that's that's that's an amazing background and yeah, you're right.
[SPEAKER_01]: I mean, everybody, everybody talks about the crypto space, you know, Bitcoin, Ethereum, Solano and all these all ones, but really the infrastructure of blockchain and everything's built on is going disrupt a lot more industries than we could even imagine other than, you know, a price of an asset just going up and down.
[SPEAKER_01]: So it's certainly an exciting time.
[SPEAKER_00]: So I would just add, like, it's funny because through the last five years in crypto or blockchain, you call it, and I think we have gone through a whole round, we have been through, like, you know, NFTs, memecoins, gamefire.
[SPEAKER_00]: I remember there was a famous quote back then that said that 50% of the world was going to play games and money, I was like, wow, you know, now it's back to, I think the original intention of blockchains, right, if you read the white people of Bitcoin, it was electronic cash.
[SPEAKER_00]: And I think we're back to the, to the right track.
[SPEAKER_01]: Yeah, you're right, there's a lot of different industries that's like popped up with the utilization of this technology and I do believe a lot of those industries can still thrive and do well, but you're right.
[SPEAKER_01]: We're kind of back into the infrastructure play and that's probably has a lot to do with like a lot of institutions are now getting involved and that's been like over the past.
[SPEAKER_01]: year to really getting more institutions involved and we're getting back to exactly what this was meant to be and how this is meant to improve really the financial system.
[SPEAKER_01]: Yep, agreed.
[SPEAKER_01]: So for someone hearing about Dick at Wall for the first time, how do you describe what the company's building?
[SPEAKER_00]: Yep, so we are building the first truly borderless wallet where users can save the money, pay, and grow their money as well.
[SPEAKER_00]: And I think the key thing here is that it is a self-custody wallet, which means it is everything on chain.
[SPEAKER_00]: And I think the on chain settlement part of the blockchain is the most crucial part to disrupting the financial world, right?
[SPEAKER_00]: Because one thing is tokenized.
[SPEAKER_00]: immediately is on a global platform, right?
[SPEAKER_00]: So users can commission the access any kind of opportunities they want, whether it's to save your money, whether it's to access V5 yields, whether it's to buy certain stocks or tokenized assets.
[SPEAKER_01]: Yeah, couldn't have said it better myself and you've had a pretty big announcement here recently where I've been hearing more and more about the on chain payment matrix what do you think what is it what are people what is the on chain payment matrix and what are people expected to be looking forward to here.
[SPEAKER_00]: Yep, so the on-chain payments matrix is a network that really powers everything that you do as you use on big get wallet.
[SPEAKER_00]: For example, the payments, if you go to the streets in Vietnam, right, and you want to buy a baguette on the street, right, your page for a QR code.
[SPEAKER_00]: that actually deducts from the stablecoins, but the entire route is true.
[SPEAKER_00]: These on-chain payments network, when using a big-at-wall account to pay anywhere in the world, where there's an Argentina and so on, again, that goes through the on-chain payments matrix.
[SPEAKER_00]: So what it is, is a network that really connects everything from blockchains to the payments of these providers of PSPs,
[SPEAKER_00]: some of the banking partners and so on.
[SPEAKER_00]: And when you combine them all together, right, it makes this flow from stablecoin some blockcains to the last mile to the merchant in off-chain payment networks very, very seamlessly.
[SPEAKER_01]: amazing and we're hearing more and more buzz about stable coins.
[SPEAKER_01]: It feels like every article we read in the crypto world right now.
[SPEAKER_01]: There's or even in traditional finance we're hearing more and more stable coin this is stable coin that is stable coin to have obviously grown a lot.
[SPEAKER_01]: But what's been missing between stable coin adoption and the real everyday usage?
[SPEAKER_00]: Yep, so it's, it's not because the, this global platform of our stable console blockchains is so easy to use once you get in, but it's, you know, what is missing is everyone is still very used to how things are today, right?
[SPEAKER_00]: And that is true, these are networks, master
[SPEAKER_00]: And a lot of it is gated.
[SPEAKER_00]: The best example I have is, you have heard of X4 to, right?
[SPEAKER_00]: Prejays kind of the on-chain payments kind of system.
[SPEAKER_00]: And X4 to was not invented today.
[SPEAKER_00]: X4 to came about during the HTTP era, right?
[SPEAKER_00]: But why did everything else in online actually work except, you know, payments was because when you hit the payment, we call it like, it's a wall.
[SPEAKER_00]: You go through like, all right, this is data that is data that you have to go through.
[SPEAKER_00]: Strive this, if you go through, you know, this country's regulated partners and so on.
[SPEAKER_00]: And that's why it's thought.
[SPEAKER_00]: And the only thing that change now that made X for two workable is because once you have a blockchain, it is a global platform, right?
[SPEAKER_00]: It's commissionless.
[SPEAKER_00]: And there's no data that are walls and more.
[SPEAKER_00]: And so I think this is the missing link right now.
[SPEAKER_00]: Whether it's X4 or 2, whether it's going to be a new standard that dominates it.
[SPEAKER_00]: But I think the crucial thing is that now stable control can flow through.
[SPEAKER_00]: And
[SPEAKER_00]: Then the difference now is of course, you're not going to get every merchant to accept such on-chain payments directly today, right?
[SPEAKER_00]: I know what a connect is trying to push through that, right?
[SPEAKER_00]: Just cure a scan and you receive an U.S. D.C.
[SPEAKER_00]: But most of the merchants, most of the people that you're paying to, they don't work like that, right?
[SPEAKER_00]: They don't want to learn about stablecoins, they don't want to blockchain address.
[SPEAKER_00]: So you're still beginning to have to rely on traditional partners, right, facilitating this flow between the onchim and offchim world.
[SPEAKER_00]: And this is where things like onchim payments make sure it's actually constant to make it more seamless.
[SPEAKER_01]: So why do you believe the wall is becoming the key interface for everyday finance instead of kind of what we always look at these walls for is just a place to store our assets.
[SPEAKER_00]: This evolution has been happening for the last five, seven years.
[SPEAKER_00]: Bigger will have started about seven years ago.
[SPEAKER_00]: Yes, it did start off as hate, so you're a big coin if you're in here, right?
[SPEAKER_00]: And in over the years, if you track the evolution, right?
[SPEAKER_00]: People start at seeing, or I want to kind of treat my tokens, cross-chain.
[SPEAKER_00]: And then it became, um, oh, I want to access DeFi you directly in the wallet itself, right?
[SPEAKER_00]: And then now it's like, all right, I have all this crypto, you know, I'm purchasing me in DeFi, but, you know, maybe it's a bad market, I want to start spending my money directly.
[SPEAKER_00]: So it's a very natural evolution rather than walletzing like, hey, I want you guys to do this, right?
[SPEAKER_00]: It's very, very natural.
[SPEAKER_00]: And so typically the thing to how you think about it is money is the main core thing inside a wallet.
[SPEAKER_00]: And when you have access in this platform, you want to do everything with it.
[SPEAKER_00]: And when you think about what you can do with money, right?
[SPEAKER_00]: But there's some banks over there's some wallets.
[SPEAKER_00]: There's only three things.
[SPEAKER_00]: You want to save your money in a safe place?
[SPEAKER_00]: You want to pay stuff with it, right?
[SPEAKER_00]: Whether it's paying your friends, or whether it's paying a merchant, and you want to grow your money, whether it's true, tokenize stocks, whether it's true, you know, products, investments or whatever.
[SPEAKER_00]: And people will start demanding more and more on what I can do with my digital assets as they become on this tree features.
[SPEAKER_01]: Not much of the magic here is really about like abstracting the complexity.
[SPEAKER_01]: So the user never really has to think about these rails underneath.
[SPEAKER_01]: I think that's, I think the user interface is such a big deal for people, especially if you're not crypto native, you know, and you're not used to utilizing these decentralized walls to these walls at all.
[SPEAKER_01]: How is it, how, how do you make it feel like it's, it's not crypto.
[SPEAKER_01]: It's just like something everyday that they're used to using.
[SPEAKER_00]: Yeah, there's so many things that needs to be done.
[SPEAKER_00]: I think there's two ways to it.
[SPEAKER_00]: One is how do abstract all the blockchain complexities, right?
[SPEAKER_00]: For example, very typical example.
[SPEAKER_00]: In Argentina, 90% of users there use USDT, right?
[SPEAKER_00]: But then, because USDC is a regulated stable coin, most cart issuers prefer USDC.
[SPEAKER_00]: And so, poor people have to go in and, all right, how do I do this swap?
[SPEAKER_00]: And many of them are not crypto natives.
[SPEAKER_00]: They could be, for example, an Argentino, there are people who are coming into use crypto cards wide, because they want a USD cart to make, for example, meta-ad, Facebook ads and so on.
[SPEAKER_00]: And it's a lot more efficient to use a USD cart, so that the rates are low and so on.
[SPEAKER_00]: and but they don't know anything about crush chain swaps.
[SPEAKER_00]: How do you on-ram?
[SPEAKER_00]: So one feature, for example, is we developed something called the on-chain checkout.
[SPEAKER_00]: So whatever assets you have, whether it's USDK, whether it's PTC, E for so on, you want to top up and the cart only allows you to top up USDC.
[SPEAKER_00]: We will do the swap for you.
[SPEAKER_00]: So you don't even need to know how to do it or what's there.
[SPEAKER_00]: So we have to extract all these things away.
[SPEAKER_00]: Things like social login, it's also important, right?
[SPEAKER_00]: People don't want to write down your childhood secrets anymore.
[SPEAKER_00]: So the affection part is one thing.
[SPEAKER_00]: Then the other part of it is how do you make sure the payment is really seamless, right?
[SPEAKER_00]: So one example I think recently there was another wallet right, they tried to roll out QR payments in service Asia.
[SPEAKER_00]: And you know, three, four days later, I think some of it was stopped.
[SPEAKER_00]: Users were saying like, you didn't go through, I waited for one minute.
[SPEAKER_00]: And so,
[SPEAKER_00]: finding out with the right partner and really optimizing the product is so important because this is not like D5.
[SPEAKER_00]: I always say in D5, when you when you integrate the D5 platform, it is just global is permissionless system problems.
[SPEAKER_00]: But when you're trying to integrate the last small payment, these are highly gated.
[SPEAKER_00]: There's a lot of important considerations on the thing about it.
[SPEAKER_01]: Is the goal here to replace traditional finance systems or plug stable
[SPEAKER_00]: a good question.
[SPEAKER_00]: I don't think it's a competition to say like oh we're going to take over the market sharing so on it will take over at some point maybe but it's more of there are certain profile of users that could really use tablecoins right it could be because of where they situated where they have restrictions in getting to USD it could be because the currencies are building or deteriorating in value.
[SPEAKER_00]: It could be because they just need a U.S.D.
[SPEAKER_00]: payment mode because we may not understand if you're from developed countries, but sometimes it's really hard to make U.S.D.
[SPEAKER_00]: payments.
[SPEAKER_00]: For example, whether you want to subscribe to the cloud code, some of the U.S.D.
[SPEAKER_00]: subscriptions, you may want to travel around the world, and there are a lot more limitations than you think, you know, for users who come from say emerging markets or where currencies are not a screen.
[SPEAKER_01]: Yeah, really well said and I was doing a little bit of research here and you have some like incredible partnerships and hopefully I get them all right.
[SPEAKER_01]: It looks like you launched it with names like Ripple, MasterCard Visa, Tether, Circle, MoonPay.
[SPEAKER_01]: What's it take to get all those pieces aligned in one coordinated system?
[SPEAKER_00]: So the thing about payments is, for example, like I mentioned, when you integrate a V5 platform, right, everybody can use it, right, it's global.
[SPEAKER_00]: But for example, we integrated this, what we call a payout system, where,
[SPEAKER_00]: in Bangladesh, right?
[SPEAKER_00]: So that's one example of a corridor.
[SPEAKER_00]: And I have to say by coins, I want to pay out from my crypto converted to Fiat currency, called Taka in Bangladesh.
[SPEAKER_00]: And I want it to be transferred to the mobile cash wallet there.
[SPEAKER_00]: And the dominant ones are B cash in Nagar.
[SPEAKER_00]: In one simple click you can do that today, it reaches there like I think within a minute or seconds it's all on.
[SPEAKER_00]: Now how do we do that, right?
[SPEAKER_00]: Of course it's true these PSPs, right?
[SPEAKER_00]: Payments of these providers.
[SPEAKER_00]: But you know, a lot of this providers, they only work for certain countries, right?
[SPEAKER_00]: And if you want to do the same for another country, you may have to find another partner.
[SPEAKER_00]: So I think one thing is we need to be clear, which are the key markets we want to enter, what our users are asking for, and then find the right partners, because you're not going to find
[SPEAKER_01]: yeah that that's really well said and you have some amazing partners here and I wrote them all down and I was like man this list kind of feels endless and it's like the top of the top so congrats on you know securing this major partnerships and I'm sure it's going to be great for the product as well.
[SPEAKER_00]: Yeah, it can be quite tiring as well.
[SPEAKER_00]: I mean, sometimes we'll enter a new market and we're like, all right, so we need to think of on-rem channels.
[SPEAKER_00]: Sometimes we just use the one we integrated now.
[SPEAKER_00]: And you have to compare the rates.
[SPEAKER_00]: And nowadays, comparing rates, this is something for all of us to take notice of it, right?
[SPEAKER_00]: You cannot just compare to what is on Google, right?
[SPEAKER_00]: For example, USDT to this local currency.
[SPEAKER_00]: You're like, wow, it's great.
[SPEAKER_00]: And then you check the P to P rates, where there's some bindings, so all the places you're like, wow, this is even better.
[SPEAKER_00]: And the users are not going to compare it to the Google rate.
[SPEAKER_00]: They're going to compare you to the P2P rates they can get.
[SPEAKER_01]: Yeah, yeah, yeah, yeah, of course, well said.
[SPEAKER_01]: And I heard earlier in the interview, the word self-custody.
[SPEAKER_01]: So how do you think about trust here, especially when users want this simplicity of a FinTech but the control of self-custody?
[SPEAKER_00]: It's something that people don't at least non-wet three people.
[SPEAKER_00]: They want visibly say like, oh, I want self-custity, right?
[SPEAKER_00]: I think it's a movement.
[SPEAKER_00]: That's how I think about it.
[SPEAKER_00]: I used to do data analytics and LinkedIn, right?
[SPEAKER_00]: And when you think about data privacy, I think that's a great example where people at the start don't say like, I want a data private, right?
[SPEAKER_00]: But over the years, when they start to realize like,
[SPEAKER_00]: Oh, wow, your capturing my data is being sold.
[SPEAKER_00]: You start to realize more and more that this is important, right?
[SPEAKER_00]: And this takes a generation.
[SPEAKER_00]: This takes, like, I don't know, 10 years, 20 years.
[SPEAKER_00]: And I think South custody is going to be this, because there is a really a small growing niche segment of people who are saying, like, wow, my money is being frozen, right?
[SPEAKER_00]: I've seen this on Twitter so many times.
[SPEAKER_00]: Like, my bank had it, it froze for many years.
[SPEAKER_00]: Doesn't tell me why they froze it?
[SPEAKER_00]: Just says that some checks failed.
[SPEAKER_00]: And this body of people will grow, the voice will grow, and this movement will grow.
[SPEAKER_00]: When will it reach the pivotal point?
[SPEAKER_00]: I don't know, right?
[SPEAKER_00]: But I think this is a movement that will take years to grow.
[SPEAKER_01]: Yeah, I would have to agree with you.
[SPEAKER_01]: It's a long time, especially for people outside of Web3.
[SPEAKER_01]: We've both been in Web3 or crypto for quite some time.
[SPEAKER_01]: So we understand the advantages of self-custody.
[SPEAKER_01]: It's funny just recently, about a week ago, I was talking with somebody about crypto and they were asking me, some general one-of-one questions about it.
[SPEAKER_01]: and then they brought up self-custody.
[SPEAKER_01]: Why would somebody want self-custody?
[SPEAKER_01]: What's the advantages of self-custody?
[SPEAKER_01]: I went through the long list and examples of, you know, possibilities, the bank account's being frozen and just just all sorts of examples.
[SPEAKER_01]: At the end of the conversation, he was like,
[SPEAKER_01]: Man, it seems like a no brainer shouldn't we all want self-custy.
[SPEAKER_01]: I was like, yeah, you're coming over to my side a little bit and I understand there's a sense of responsibility there with self-custity, but I'm okay with that and I think a lot of people are going to embrace it.
[SPEAKER_00]: Yeah, and I think there's also a difference between, you know, looking at the theory and wow, it sounds good.
[SPEAKER_00]: We should do it versus like, you actually have a pain point, right?
[SPEAKER_00]: I was just talking to a freelancer in Pakistan, you know, two weeks ago, and he mentioned that he gets paid all the time from different countries, right, because it's a freelancer.
[SPEAKER_00]: And there are quite a few times where the bank remittance to his bank account just gets frozen.
[SPEAKER_00]: And then it's just like that for three weeks, right?
[SPEAKER_00]: And he doesn't know who the truth, who the chase, right?
[SPEAKER_00]: Do you chase the bank?
[SPEAKER_00]: Do you chase like the the sender to chase the bank and so on?
[SPEAKER_00]: And so we realize then actually a lot of the system in payments is still broken, right?
[SPEAKER_00]: Especially sometimes there's a do with where you're situated in what banks you're using in so on.
[SPEAKER_01]: amazing, and I saw one of the most interesting parts of this announcement is AI agents.
[SPEAKER_01]: Why the stable-coignant infrastructure need to be designed for both humans and this machine initiative payments?
[SPEAKER_00]: Yeah.
[SPEAKER_00]: I must say AI and AI agents have created a lot of form, even within our team, like, we're looking at how AI can optimize our world.
[SPEAKER_00]: I'm sure it has for you as well, right?
[SPEAKER_00]: Yeah.
[SPEAKER_00]: So the thing is this, right?
[SPEAKER_00]: It just forget about AI agents in the first moment, right?
[SPEAKER_00]: Say you're trying to hire a person, right?
[SPEAKER_00]: And he needs to do a job.
[SPEAKER_00]: Well, he needs to pay for stuff to do drugs, right?
[SPEAKER_00]: Whether he needs to pay for subscription on podcast stream and so on.
[SPEAKER_00]: So this agent, if you want them to be truly productive, they also need to pay for stuff.
[SPEAKER_00]: I read a blog where this journalist, he tried to use an AI agent to provide like this blog that he's trying to write and he needed to access data.
[SPEAKER_00]: He has a, he needs to access five different APIs, he needs to pay for them, right?
[SPEAKER_00]: Now the problem is then one can the AI agent pay for itself or does it need to ping you every time?
[SPEAKER_00]: If it has to ping you every time then it's not really so much of a smart agent, right?
[SPEAKER_00]: The other thing is most payment processes in track 5, they charge you a minimum of 30 cents, right, plus a certain percentage.
[SPEAKER_00]: But if you're writing just one blog and you just need that one data point, maybe it's just cost like 5 cents.
[SPEAKER_00]: So, I think the stablecoin came in, right, throughout this X4 2 or so on, it's way more efficient because you're not going to have to have that minimum 30 cents anymore.
[SPEAKER_01]: Yeah, we've certainly had our fair share of AI FOMO at the company here as well for good reason.
[SPEAKER_01]: It's a super interesting topic, micro payments in the utilization of autonomous agents and just how much it's grown over just the past couple of years.
[SPEAKER_01]: It's been really exciting.
[SPEAKER_01]: Do you think AI native payments become a niche use first case or they become
[SPEAKER_01]: one of the biggest on-chain transaction growth drivers that we've seen in a very long time.
[SPEAKER_01]: Wow, great question.
[SPEAKER_00]: I mean, I hope they do, but it's still very early to tell.
[SPEAKER_00]: I was on a panel in New York, did you ask us some it, right?
[SPEAKER_00]: And I think what's Henry from privy who said, you know, most people are still tinkering with it.
[SPEAKER_00]: I think that's a good way to put it, right?
[SPEAKER_00]: We see all these people putting up, like, oh, I'm trying, you should do all these things.
[SPEAKER_00]: But most people are still tinkering with it.
[SPEAKER_00]: So the volume is just too small.
[SPEAKER_00]: Whether it can really get there, I think depends on a few things, right?
[SPEAKER_00]: So maybe the most crucial thing is the in-fire I still not set up.
[SPEAKER_00]: There are still many standards that need to be institutionalized.
[SPEAKER_00]: For example, what happens when the agent makes a payment and there's a charge fact?
[SPEAKER_00]: You know, we sometimes take for granted, simple things like these are master, they have been around for the last few decades, right?
[SPEAKER_00]: They have solved all these things and you can't just suddenly say like, oh, we found a better protocol and when with it, this thing's neat time.
[SPEAKER_00]: And it's not like one player comes out to say like this should be the standard, like it requires adoption across all the different players, right?
[SPEAKER_00]: And the problem today is, you know, USCC may have their own, you know, ecosystem that everyone is trying to build their own ecosystem.
[SPEAKER_00]: But there will come a time when, you know, a dominant one comes and everyone is a standardized with it.
[SPEAKER_00]: So we are keeping close tax on it.
[SPEAKER_00]: We obviously think that this trend is worth looking at because there are obvious technical advantages, right?
[SPEAKER_00]: This is not just a narrative.
[SPEAKER_00]: For example, machine payments, you'll be having a lot of micro payments and there's a very niche but strong advantage here.
[SPEAKER_00]: So on Bigget Wallet site, what we did was we created a Bigget Wallet skill that you can plug into your cloud or open cloud and so on.
[SPEAKER_00]: And whatever you do on your wallet today is user, right?
[SPEAKER_00]: The agent can do it whether they want to be crushing swaps, they want to query prizes of tokens, and this will allow them to, for example, you can set up a arbitrage box, right, across different boxes.
[SPEAKER_00]: And you can do that using Bigget Wallet skill.
[SPEAKER_01]: Oh, that's, now that's cool.
[SPEAKER_01]: That is a super slick idea.
[SPEAKER_01]: I like that a lot.
[SPEAKER_01]: What needs to be true for people to trust agents with programmable payments in the real world?
[SPEAKER_01]: I think that's like...
[SPEAKER_01]: a big hang up for certain people is just the trust of these autonomous agents.
[SPEAKER_01]: And I'm I'm I'm as bullish as anybody on AI agents and utilizing them for payments, but I have a hard time turning over a main crypto wall over to an agent in a trusting that it's gonna work on my behalf.
[SPEAKER_00]: Yeah, trust is a funny thing because you trust something until it breaks, right?
[SPEAKER_00]: So it's very hard to say like 100% trust in AI agent.
[SPEAKER_00]: And two things, one is can AI agent really, you know, develop or innovate to such an extent that you can fully trust it.
[SPEAKER_00]: I don't think so, at least not to 100% that would ever happen.
[SPEAKER_00]: You will improve, yes, significantly.
[SPEAKER_00]: But I don't think you'll get to that point.
[SPEAKER_00]: And I don't think that's the point, either, because it's about how you saved that trust.
[SPEAKER_00]: And this comes to the second part, which is,
[SPEAKER_00]: I think there is AI agent, which is the execution layer, right?
[SPEAKER_00]: But then we also need what we call a policy or permission layer.
[SPEAKER_00]: And it is important then for users to have some sort of UI and policy to say, all right, I want some restrictions of how the agent actually does it, right?
[SPEAKER_00]: Some people tell me if I can give very clear instructions to the agent, it's fine, I'm like, no, you don't understand because when you talk to it and get different contacts, that logic sometimes changes, right, along the way, and it's not the agents for it.
[SPEAKER_00]: So you need, for example, things like, alright, how many transactions can you make in a day, you know, what's the limit for its transaction?
[SPEAKER_00]: what type of transaction we allow you to, you know, should you allow the agent to make and so on.
[SPEAKER_00]: So this permission or policy layer needs to be in place for everyone that wants to do an AI agent.
[SPEAKER_00]: So that is something we're thinking about as well.
[SPEAKER_00]: Do we develop this?
[SPEAKER_00]: Does it become standard?
[SPEAKER_00]: I don't know.
[SPEAKER_01]: What's the bigger vision?
[SPEAKER_01]: Where do you want to pick at wall?
[SPEAKER_01]: It's a wrong global payments being the next few years.
[SPEAKER_00]: Great question.
[SPEAKER_00]: One is, I think that the most practical way to think about is there are hundreds of millions of people around the world easily who needs a better form of money, right?
[SPEAKER_00]: Whether it's because of emerging markets, but there's a currency, security and so on.
[SPEAKER_00]: How do we get this hundreds of millions of people to actually access it very safely and easily?
[SPEAKER_00]: We need to abstract all the complexities about cross chain and gas and stuff for these people.
[SPEAKER_00]: and make sure that when they are making a payment, no matter which country or what boat they have to it works.
[SPEAKER_00]: So one thing we didn't talk a lot today, we talked a lot about cuts and so on, we didn't talk a lot about cure payments.
[SPEAKER_00]: It's not because like cure itself is a technology important, it's because that is just the way of life in many countries.
[SPEAKER_00]: So for example,
[SPEAKER_00]: probably 80% of the payments are from Cuba on the streets and so on.
[SPEAKER_00]: If you go to Western markets, a lot is true cards.
[SPEAKER_00]: And then when you go to countries like Nigeria, for example, in Africa, they use bank transfers.
[SPEAKER_00]: We should remind me of, you know, for many years ago, the merchant or the restaurant would give you, this is my bank account and then you just transfer the money.
[SPEAKER_00]: And we need to then, in such cases, allow the user to say, I want to send my USDC to this bank account
[SPEAKER_00]: So, how do we enable all the different payment modes around the world where people need to need the most, right?
[SPEAKER_00]: And integrate all of them or into on-chain payments network that then powers all the payment use cases in the world.
[SPEAKER_00]: That's what we wanted to do.
[SPEAKER_00]: Today we have about 90 of a million users, reaching 100 million soon, and they are out of all the wallets out there, where they compare like phantom, metamash, trussers, bigger wallets.
[SPEAKER_00]: I do think we have the most diversified user base that's very strong emerging markets, and that's why we see a lot of interesting story sectors.
[SPEAKER_01]: Yeah, that's amazing and was that part of just your launch approach is to get it in hands of just pretty much a lot of different diverse groups, not just the central located idea just to get in the hands of many people that could utilize it.
[SPEAKER_00]: Yes, correct.
[SPEAKER_00]: I mean, I won't put it that idealistically.
[SPEAKER_00]: How we started, we started to have a lot of connections in sub-isager, where it's individual, Vietnam, Chinese markets, and so on.
[SPEAKER_00]: And then it started, and then we started expanding into Africa, because,
[SPEAKER_00]: I remember was during 2024 where we were the first wallet to integrate torn and telegram in the app.
[SPEAKER_00]: So all the mini apps were using big get wallet at a time.
[SPEAKER_00]: And a lot of that user base that was kind of farming point and doing stuff on torn and telegram in the app were from the CIS region, from Nigeria, from Africa regions.
[SPEAKER_00]: And so you're right in the way where we didn't seek them out intentionally, but it was true the products and the users that were using them.
[SPEAKER_01]: So for people watching this video, who are maybe a little skeptical about stablecoins in ready for everyday use, we'll say, what would you say to them, like kind of where the market's moving?
[SPEAKER_00]: Yep, if you look at five years ago, right, everyone will tell you that trading is the dominant use case for crypto.
[SPEAKER_00]: And I think moving forward, trading will still be an important one, but I think payments may become the dominant use case in crypto.
[SPEAKER_00]: And so, how do we, as a wallet, develop for this future, right?
[SPEAKER_00]: One is you need the launching payments network to actually power everything that grows on payments.
[SPEAKER_00]: The other way to think about it also is that we are in launching aggregator layer, right?
[SPEAKER_00]: So what it means is then again, save pay and grow.
[SPEAKER_00]: So when your money reaches this wallet, one is we want you to be able to pay in any modes in any country out there.
[SPEAKER_00]: And then at the same time, if you're in a growing of money, we want you to be able to invest in things like tokenized stops, pubs, you should be able to feed to our users can shot an apple stop on wallet.
[SPEAKER_00]: And I have stocks and tokens and pubs positions all in one single balance, right?
[SPEAKER_00]: But that's what we want.
[SPEAKER_00]: Because ultimately, the freedom is the thing that we're providing, right, access to all the different opportunities and finance around the world.
[SPEAKER_00]: And that will come from either payments or investments in some point.
[SPEAKER_01]: Yeah, amazing.
[SPEAKER_01]: And you obviously have a wonderful product and something that I want everybody in the audience to absolutely take a look at.
[SPEAKER_01]: How can they learn more about Bicget?
[SPEAKER_01]: Well, how can they learn more about you?
[SPEAKER_00]: Yeah, so feel free to go to web3.bicget.com or just go to your app store or Google Play Store and search for a Bicget wallet.
[SPEAKER_00]: Trust me, if you haven't tried it, go into it, just play around with it.
[SPEAKER_00]: I assure you this is the best wallet out there.
[SPEAKER_01]: Yeah, it's very, it's very good.
[SPEAKER_01]: I don't have a ton of experience with it, but preparing for the interview, I went down.
[SPEAKER_01]: I got myself a bit at wall it.
[SPEAKER_01]: And I am like really loving it to be completely honest.
[SPEAKER_01]: Yes, I'll report our pork back because I'm gay.
[SPEAKER_01]: I'm gonna mess around with it over the next couple of weeks, but amazing stuff.
[SPEAKER_01]: So I highly recommend anybody that's in the audience that wants to check it out.
[SPEAKER_01]: You absolutely have to check out those links.
[SPEAKER_01]: And I'm going to put them in the description down below so you can get direct access.
[SPEAKER_01]: You can take a look at Bickette Wallet, learn a little bit about it because it's one of the most cutting-edge wallets that we've possibly ever even seen.
[SPEAKER_00]: Thank you.
[SPEAKER_00]: Thanks for that.
[SPEAKER_00]: We really took a lot of time to make it easy for users.
[SPEAKER_00]: I mean, I, I, I mean, came from LinkedIn.
[SPEAKER_00]: Most of my, you know, experiences in Web2.
[SPEAKER_00]: And I always say this, we are trying to make things very easy for the users, not web3 standard easy, because I know, you know, I think the UI UI is still not great across the industry as a whole.
[SPEAKER_00]: We are benchmarking to, you know, the best of the best in Web2.
[SPEAKER_00]: And that's where we're going for.
[SPEAKER_01]: Yeah, and that's that's so needed.
[SPEAKER_01]: If we want to onboard the next wave of people into crypto in in your Vary made these steps at picket wall, we need to simplify it a little bit more.
[SPEAKER_01]: We need to make the user interface a little bit cleaner a little bit easier.
[SPEAKER_01]: So it doesn't feel so daunting to use it every single day.
[SPEAKER_01]: It's just something that they're so used to using and it's intuitive.
[SPEAKER_01]: And that's really, that's the first vibe I got from Big Get Wall.
[SPEAKER_01]: So really congratulations and hats off because you have some fabulous partnerships.
[SPEAKER_01]: You've had this amazing announcement and I'd imagine there's going to be probably even more great announcements in the upcoming future.
[SPEAKER_00]: What's up?
[SPEAKER_01]: Thanks a lot.
[SPEAKER_01]: Yeah, Alvin, we appreciate you jumping on.
[SPEAKER_01]: Thank you again.
[SPEAKER_01]: Thank you.