Latest / The Paul Barron Crypto Show / Massive Crypto Payments Catalyst is Here🚀Burner Merchant Terminals🚨 INTERVIEW

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Massive Crypto Payments Catalyst is Here🚀Burner Merchant Terminals🚨 INTERVIEW · The Paul Barron Crypto Show

• 0:00
  Speaker 1: One of the big things that will make crypto zoom
• 0:02
  Speaker 1: is of course how it integrates into payments and point
• 0:05
  Speaker 1: of sale. We're going to talk about that today. We're
• 0:07
  Speaker 1: going to have a special guest. Don't miss it. Let's
• 0:09
  Speaker 1: just jump right into the show. I do want to
• 0:10
  Speaker 1: thank our sponsor, and that is Tangum. You guys can
• 0:13
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• 0:18
  Speaker 1: They've got a lot of new stuff coming out as well.
• 0:21
  Speaker 1: I won't spoil it for you guys, but I will
• 0:23
  Speaker 1: tell you this. There is a lot of new things
• 0:25
  Speaker 1: happening and we'll be releasing it here on the channel
• 0:29
  Speaker 1: with a Tangum interview. So now is the time to
• 0:32
  Speaker 1: get your self custy wallet. Use our link down below
• 0:35
  Speaker 1: to get started. All right, So we're going to have
• 0:37
  Speaker 1: a guest today. We're gonna be talking about point of
• 0:38
  Speaker 1: sale devices and why this is so important to crypto
• 0:43
  Speaker 1: in general. Finance pay merchants now surge past twenty million merchants.
• 0:48
  Speaker 1: This of course is all brewing as stable coin use
• 0:50
  Speaker 1: is starting to soar. This will start to make its
• 0:53
  Speaker 1: way into the United States in a big way. I
• 0:56
  Speaker 1: want to go to a clip because this is where
• 0:58
  Speaker 1: we're going to see possibly merchant stable coin adoption starting
• 1:02
  Speaker 1: to explode.
• 1:03
  Speaker 2: Take a look every fortune five hundred merchant that accepts
• 1:07
  Speaker 2: digital assets. It's powered by Flexa, except for maybe one
• 1:10
  Speaker 2: that might be Tesla. So today, I mean around where
• 1:12
  Speaker 2: we are, you can go Chipotle and get lunch.
• 1:14
  Speaker 3: Let's go base pay app.
• 1:15
  Speaker 4: We're going to use the Chippotle miniapp in this search.
• 1:19
  Speaker 2: Here we go, so now we're going to use the
• 1:22
  Speaker 2: Chipotle miniapp fifty. Yeah, dude, ecolutely, the most important thing
• 1:28
  Speaker 2: we needed to happen is happening.
• 1:30
  Speaker 4: That's the Genius Act.
• 1:31
  Speaker 2: It's been fixed since twenty nineteen, and we got to
• 1:34
  Speaker 2: keep saying that as loudly as possible.
• 1:36
  Speaker 5: In Amasia, the digital assets are gaming serious ground. All
• 1:40
  Speaker 5: the institutions that we had survey, fifty six percent of
• 1:43
  Speaker 5: them have already been engaged in doing stable coin projects,
• 1:46
  Speaker 5: and forty percent of them up highlighting or planning some
• 1:49
  Speaker 5: sort of stablecoin related projects already.
• 1:51
  Speaker 1: That, of course, was Daniel McCabe of Flexa. We've had
• 1:54
  Speaker 1: the Flexa team on here before. One of the problems
• 1:57
  Speaker 1: that I think existed is this whole our code issue,
• 2:01
  Speaker 1: which eventually was resolved, and of course this was tweeted
• 2:04
  Speaker 1: out by Daniel flexa partnering with Berner, which is who
• 2:07
  Speaker 1: we're going to be having on the show here in
• 2:08
  Speaker 1: a second. But the Flexi terminal now portable cardless path.
• 2:12
  Speaker 1: This of course is good because it's going to be
• 2:15
  Speaker 1: tapped to pay, which charge starts to change the dynamics
• 2:18
  Speaker 1: of how crypto is going to be used. I want
• 2:21
  Speaker 1: to go to a quick example of this, and then
• 2:23
  Speaker 1: we'll bring in our guests.
• 2:24
  Speaker 6: Take a look time of year when everyone gives you
• 2:27
  Speaker 6: money Berner, load it, back it up, take it with you.
• 2:31
  Speaker 6: Crypto you can gift like cash.
• 2:34
  Speaker 1: This is the Burner wallet. That was a card that
• 2:36
  Speaker 1: we just showed there. And I want to bring on
• 2:39
  Speaker 1: our guest today, who is Cameron Robertson, who is the
• 2:42
  Speaker 1: co founder and CEO over at Berner.
• 2:44
  Speaker 3: Great to have you, Thanks, Paul.
• 2:45
  Speaker 4: Great to be here.
• 2:46
  Speaker 3: All right.
• 2:47
  Speaker 1: So Cameron, I know you're at devconnex so down in
• 2:49
  Speaker 1: Argentina making a lot of connections out there, hopefully for Berner,
• 2:54
  Speaker 1: and let's kind of go into it because there's a
• 2:56
  Speaker 1: lot happening around the adoption side for using crypto in
• 3:02
  Speaker 1: the payment ecosystem now with clarity Daniel even mentioned it
• 3:06
  Speaker 1: is that almost every Fortune five hundred brand is going
• 3:09
  Speaker 1: to have their own stable coin. This will start to
• 3:12
  Speaker 1: really kind of accelerate things going. When you look at
• 3:15
  Speaker 1: that and where you guys are. First of all, how
• 3:18
  Speaker 1: many users do you guys have today?
• 3:20
  Speaker 7: Yeah, we've distributed around thirty to forty thousand Burner cards
• 3:23
  Speaker 7: across ecosystem, all.
• 3:24
  Speaker 3: Right, thirty to forty thousand.
• 3:26
  Speaker 1: What do you think the total market looks like for
• 3:28
  Speaker 1: Burner as a whole, Because I know this is an
• 3:30
  Speaker 1: open platform, give me a kind of a framework of
• 3:34
  Speaker 1: the tam.
• 3:35
  Speaker 7: We think about Burner with respect to prepaid cards, and
• 3:39
  Speaker 7: so the prepaid card market is massive, approaching a trillion
• 3:42
  Speaker 7: dollars depending on how you slice it.
• 3:43
  Speaker 4: But it's a pretty big market. So I think that's
• 3:45
  Speaker 4: what Berner plays in.
• 3:46
  Speaker 7: Obviously it's a self custody product too, but I think
• 3:49
  Speaker 7: that prepaid is just a much bigger space for us
• 3:51
  Speaker 7: to play in.
• 3:52
  Speaker 3: Which I would agree.
• 3:53
  Speaker 1: I think the gift card side of this is going
• 3:54
  Speaker 1: to be pretty big, even though I think the terminal
• 3:56
  Speaker 1: side is equally important because it will start to translate
• 4:01
  Speaker 1: to prepaid cards as well as you get into that
• 4:05
  Speaker 1: this of course is your terminal. When I saw this
• 4:07
  Speaker 1: the first time, I said, oh, this is going to
• 4:09
  Speaker 1: be quite interesting if this starts to compete with the
• 4:12
  Speaker 1: titans out there, some of the Titans, of course, that
• 4:15
  Speaker 1: we've had and talked about before. This kind of shows
• 4:17
  Speaker 1: you an example of how the Burner card works with
• 4:20
  Speaker 1: your terminal. How do you guys line up against someone
• 4:23
  Speaker 1: like a Square or a Clover, who pretty much dominate
• 4:26
  Speaker 1: point of sale terminals right now in retail.
• 4:28
  Speaker 7: We have a lot of similar features in the sense
• 4:31
  Speaker 7: that we can still process traditional credit cards, so we
• 4:34
  Speaker 7: have a seamless processing between crypto card like a Burner
• 4:38
  Speaker 7: and credit cards, but we don't offer sort of the
• 4:43
  Speaker 7: full back of restaurant experience that you might get with
• 4:45
  Speaker 7: a Clover. We're not going to be printing out receipts
• 4:48
  Speaker 7: for orders.
• 4:48
  Speaker 4: Or things like that.
• 4:50
  Speaker 7: So we think a lot of merchants will actually have
• 4:52
  Speaker 7: a dual terminal approach at launch. They'll have their big
• 4:55
  Speaker 7: Clover system, their Toe system, and then Burner will basically
• 4:59
  Speaker 7: be like a new form of cash, so they'll be
• 5:02
  Speaker 7: able to mark as cash in their existing terminal, entered
• 5:04
  Speaker 7: it on burner and tap to pay right there.
• 5:07
  Speaker 1: So speed is still there. And I think for a
• 5:09
  Speaker 1: lot of people thinking well, that's not going to work.
• 5:11
  Speaker 1: In reality, Uber used to do that because before it
• 5:15
  Speaker 1: was integrated into the back of house you had what
• 5:17
  Speaker 1: I used to call is the tablet farm. You had
• 5:20
  Speaker 1: tablets from all the different third party delivery similar to that.
• 5:24
  Speaker 1: You think that's so your point is is that this
• 5:26
  Speaker 1: is one adjacent system looks very very clean in terms
• 5:29
  Speaker 1: of the device, its size, what's the size of those?
• 5:32
  Speaker 3: Do you have one of those on you?
• 5:33
  Speaker 7: Unfortunately, my colleague is demoing with the sole prototype that
• 5:36
  Speaker 7: we have. It's pretty small. It's about four inches across.
• 5:41
  Speaker 7: And yeah, I think you know, to be honest, there's
• 5:44
  Speaker 7: also a whole different category of business which is a
• 5:46
  Speaker 7: cash focused business. Yes, they may have an existing little
• 5:51
  Speaker 7: receipt printer pus. This is a perfect replacement for that.
• 5:54
  Speaker 7: You can drop it in. We're gonna have a cradle
• 5:56
  Speaker 7: you can mount it to. And so if you see
• 5:59
  Speaker 7: the business is to say, hey, we prefer cash, Mom
• 6:01
  Speaker 7: and pops food trucks, anyone, anyone who likes to be
• 6:07
  Speaker 7: in that space. Businesses that are regulated who might not
• 6:09
  Speaker 7: be able to get bank accounts. That's really going to
• 6:11
  Speaker 7: be our initial target market.
• 6:13
  Speaker 3: How quickly do you think this can scale?
• 6:15
  Speaker 7: So I think what we have is sort of a
• 6:18
  Speaker 7: two sided market problem in the sense where we're both
• 6:21
  Speaker 7: growing burners.
• 6:22
  Speaker 4: As well as the terminals themselves.
• 6:25
  Speaker 7: But with terminal, we're going to work through more traditional
• 6:29
  Speaker 7: partners who sell merchant processing services to customers in order
• 6:33
  Speaker 7: to get it out there, and so we're not just
• 6:36
  Speaker 7: going to be, i would say, trying to sell a
• 6:38
  Speaker 7: purely crypto product. We can say, hey, we're going to
• 6:41
  Speaker 7: offer you the same credit card processing that you've had
• 6:44
  Speaker 7: before in a reasonably priced, easy to use form factor,
• 6:48
  Speaker 7: and then we trojan horse the cryptocide into that.
• 6:50
  Speaker 1: All right, So how does that work in comparison to
• 6:53
  Speaker 1: the transaction fees? If you look at Square and Clover
• 6:56
  Speaker 1: as an example here of the transaction rate, they kind
• 7:00
  Speaker 1: of lock in because they're giving the devices most of
• 7:03
  Speaker 1: the time for free on these point of sales because
• 7:05
  Speaker 1: they're getting back revenue from these transaction rates. Where do
• 7:09
  Speaker 1: you guys fall in this, because my understanding is this
• 7:12
  Speaker 1: going to be either low cost or no.
• 7:13
  Speaker 7: Cost, right exactly? So on the stable coin processing side.
• 7:17
  Speaker 7: We haven't disclosed the rates formally, but we anticipate if
• 7:20
  Speaker 7: if the merchant is receiving stable coins and they're willing
• 7:23
  Speaker 7: to stay in those stable coins, it'll be effectively free.
• 7:27
  Speaker 7: There may be in certain cases gas charges depending on
• 7:30
  Speaker 7: the network that the person is paying on, but there
• 7:32
  Speaker 7: might be options to charge that back.
• 7:33
  Speaker 4: To the user as opposed to the merchant.
• 7:35
  Speaker 7: So really we're going to focus on the off ramping fee,
• 7:39
  Speaker 7: and the off ramping fee is going to be much
• 7:41
  Speaker 7: much less than traditional merchant processing fees. You know, think
• 7:45
  Speaker 7: in the realm of one percent or less, so sorry,
• 7:48
  Speaker 7: versus three percent or two point five.
• 7:50
  Speaker 1: The off ramping you're saying one percent if you wanted
• 7:53
  Speaker 1: to come out, But if they kept it in there,
• 7:56
  Speaker 1: would they.
• 7:56
  Speaker 3: Be able to earn yield on it?
• 7:58
  Speaker 1: Do you guys, are you planning to do anything like
• 8:00
  Speaker 1: that to where maybe the merchant could I mean, because
• 8:02
  Speaker 1: there's a handful of people out there that are doing
• 8:05
  Speaker 1: that right now.
• 8:06
  Speaker 7: Yeah, we've been thinking about sort of a bigger product
• 8:10
  Speaker 7: there to make it easier for merchants to manage their
• 8:12
  Speaker 7: cash flow to retain some of it and earn yield.
• 8:15
  Speaker 7: I think depending on the nature of the merchant. A
• 8:17
  Speaker 7: lot of businesses cash businesses, they have to.
• 8:20
  Speaker 4: Have the money go out the door right away.
• 8:21
  Speaker 7: But for those businesses that might want to hold funds
• 8:25
  Speaker 7: because they're seasonal and they need to you know, be
• 8:28
  Speaker 7: paying out their employees in those down months and then
• 8:30
  Speaker 7: they have their you know, other Black Friday days, that
• 8:34
  Speaker 7: product would work really well for them.
• 8:37
  Speaker 4: We're also thinking of all sorts of other DeFi products.
• 8:39
  Speaker 7: You know, the moment that we're on to the crypto rails,
• 8:41
  Speaker 7: we can start to offer things, you know, possibly as
• 8:44
  Speaker 7: interesting as lending and extending them credit lines based on
• 8:48
  Speaker 7: the amount of funds that they're passing through the terminal.
• 8:50
  Speaker 3: Kind of like a firm.
• 8:51
  Speaker 1: And you know some of the companies and I know
• 8:53
  Speaker 1: a Stripe they're doing that right now where they're trying
• 8:55
  Speaker 1: to lend to merchants based on their revenue that's coming in.
• 8:58
  Speaker 1: So that's a and that's a big revenue center for Stripe.
• 9:02
  Speaker 1: Any plan to make these dis free, especially if you
• 9:04
  Speaker 1: load them.
• 9:05
  Speaker 7: Up, I would say, what we want to do is
• 9:07
  Speaker 7: we want to figure out that path to loading them
• 9:08
  Speaker 7: up and that works. That means we have to work
• 9:10
  Speaker 7: closely with retailers and consider the implications around money transmission licenses,
• 9:16
  Speaker 7: KYC things like that. So once we get through that,
• 9:19
  Speaker 7: selling them preloaded is something that we're really interested in,
• 9:22
  Speaker 7: and then that will allow us to reduce the upfront price. So,
• 9:25
  Speaker 7: for instance, if you buy what's called an open loop
• 9:27
  Speaker 7: gift card, you go and get like a Visa Vanilla
• 9:30
  Speaker 7: gift card, you'll be able to get your one hundred dollars,
• 9:33
  Speaker 7: but it's probably gonna cost you one oh five to
• 9:36
  Speaker 7: one oh seven, depending on the retailer. And so that's
• 9:39
  Speaker 7: probably the price point that we'll play in as well
• 9:41
  Speaker 7: when they're preloaded. The difference, of course, being that Burner
• 9:43
  Speaker 7: is a full fledged hardware wallet, not simply a piece
• 9:46
  Speaker 7: of plastic.
• 9:46
  Speaker 3: How does this work if you were to lose your card.
• 9:50
  Speaker 7: If you have a singular burner card, it's like cash.
• 9:53
  Speaker 7: If you lose the card, the funds are gone. If
• 9:55
  Speaker 7: you're using it as a hardware wallet and you want
• 9:57
  Speaker 7: to sort greater amounts of value on it, there's a
• 9:59
  Speaker 7: couple things we suggest. The first is you can duplicate
• 10:02
  Speaker 7: one burner to a second burner, so you can have
• 10:05
  Speaker 7: cloned burners because you you know, you've put a whole
• 10:10
  Speaker 7: ethon it or multiple thousands of dollars. The other thing
• 10:14
  Speaker 7: that I recommend is I love to use it in
• 10:15
  Speaker 7: a multi sig, so I attach it to a nosis
• 10:19
  Speaker 7: safe and now all of a sudden, you know it's
• 10:22
  Speaker 7: it's just one key amongst several, but it's hardware.
• 10:25
  Speaker 4: It's a hard or key as opposed to it off.
• 10:26
  Speaker 1: Yeah, it becomes kind of a hardware wallet. In essence,
• 10:30
  Speaker 1: what blockchains are you guys supporting right now?
• 10:32
  Speaker 7: So we have an ethereum variant, and the Ethereum variant
• 10:34
  Speaker 7: supports main net, base Optimism and Arbitrum. We could support
• 10:40
  Speaker 7: any EVM chain. We like to keep it constrained because
• 10:44
  Speaker 7: our whole thing is ease of use. There's other folks
• 10:47
  Speaker 7: who have built open open apps that interact through our SDKs,
• 10:50
  Speaker 7: and they actually let you connect to way more chains.
• 10:52
  Speaker 4: So they've done all sorts of ltus.
• 10:54
  Speaker 7: And then we also have a separate Bitcoin skew and
• 10:57
  Speaker 7: so the bitcoin skew is is just bitcoin on l
• 11:00
  Speaker 7: one bitcoin and now that's probably more of a savings
• 11:03
  Speaker 7: product where you truly are going to gift it and
• 11:06
  Speaker 7: hold it for a long period of time, as opposed
• 11:08
  Speaker 7: to a spending product like the Ethereum one.
• 11:10
  Speaker 1: So obviously we showed Daniel McCabe of Flexa on there.
• 11:13
  Speaker 1: We've been tracking Flexa for a long time for many reasons.
• 11:18
  Speaker 1: We think pos eventually would be one of the killer
• 11:21
  Speaker 1: apps for crypto payments, will be the killer app. Why
• 11:26
  Speaker 1: why partner up there? And do you think there's going
• 11:28
  Speaker 1: to be more partnerships other than just someone like a
• 11:31
  Speaker 1: Flexa who's already tied into some of these retailers.
• 11:35
  Speaker 4: Yeah, we've known the Flexa team for a.
• 11:37
  Speaker 7: Long time and they've laid a lot of the ground
• 11:42
  Speaker 7: a lot of the groundwork, both technically and politically to
• 11:45
  Speaker 7: make this work. I mean, you know, Danny's out there
• 11:48
  Speaker 7: on the trail really pushing ahead in front of the
• 11:54
  Speaker 7: political machinery, saying, hey, we need to make this easier.
• 11:56
  Speaker 7: So Flexa had no small part in getting things like
• 12:02
  Speaker 7: Genius through and hopefully Clarity. And so when we said okay,
• 12:06
  Speaker 7: when we're thinking about payments, you know, Flexa has a
• 12:09
  Speaker 7: massive community. They've built all this tech out for people
• 12:12
  Speaker 7: who want to pay at any coin. It would not
• 12:15
  Speaker 7: make sense for us to go out our own and
• 12:16
  Speaker 7: attempt to build this, and so it was a natural
• 12:20
  Speaker 7: coming together of their network of merchants and then sort
• 12:24
  Speaker 7: of our simple tap to pay capabilities.
• 12:27
  Speaker 3: Very nice. Hey, listen.
• 12:28
  Speaker 1: The one feature, and I mentioned it earlier, is the
• 12:31
  Speaker 1: ability to earn yield, okay, and earning yield inside of
• 12:35
  Speaker 1: something like what we saw with Ave.
• 12:37
  Speaker 3: Being announced this week, the new Ave app and card.
• 12:42
  Speaker 1: I'm telling you, Cameron, if you get yield on these things,
• 12:45
  Speaker 1: you're going to have merchants lining up for this thing
• 12:47
  Speaker 1: and in some sort of way, especially if Clarity goes through,
• 12:49
  Speaker 1: and it will just a matter of time, So put
• 12:52
  Speaker 1: that on your number one item for dev if you
• 12:54
  Speaker 1: don't already have it there for sure. What about you know,
• 12:58
  Speaker 1: some of the new things that you're going to be
• 12:59
  Speaker 1: developing for twenty twenty six, anything you can talk to
• 13:01
  Speaker 1: us about.
• 13:02
  Speaker 4: Yeah, I mean, it's funny you mentioned yield.
• 13:04
  Speaker 7: We've been hearing that a lot here on the ground
• 13:07
  Speaker 7: at dev Connect and Argentina. A lot of folks want
• 13:11
  Speaker 7: to see both yield on the burner cards natively as
• 13:13
  Speaker 7: well as as you mentioned on the merchant side. And
• 13:16
  Speaker 7: I think there's a lot of powerful, powerful things we
• 13:18
  Speaker 7: can do there. You know, we'll see how things land
• 13:20
  Speaker 7: with Genius and Clarity and what it really means to
• 13:23
  Speaker 7: be able to pay back the stable coin rewards there.
• 13:26
  Speaker 7: I think that a lot of the big players have
• 13:28
  Speaker 7: already been doing that, and our hope is that there
• 13:32
  Speaker 7: is some more clarity is around that. So I think
• 13:34
  Speaker 7: that's going to continue. But for twenty twenty six, we're
• 13:38
  Speaker 7: really excited to get the terminal out the door, so
• 13:41
  Speaker 7: we're not shipping it yet, probably end of Q one
• 13:43
  Speaker 7: early Q two, get it into merchant's hands and really
• 13:47
  Speaker 7: have some sort of established verticals where we see that
• 13:50
  Speaker 7: it's solving a problem for those merchants. And later in
• 13:53
  Speaker 7: the year I can say that there's some some interesting
• 13:56
  Speaker 7: stuff that we're working.
• 13:57
  Speaker 4: On that starts to blur the line between traditional credit
• 14:03
  Speaker 4: card processing and crypto processing.
• 14:04
  Speaker 7: We want to make it as easy to use, and
• 14:06
  Speaker 7: so that might mean crypto takes a back seat to
• 14:09
  Speaker 7: the traditional rails for a little while so that you
• 14:13
  Speaker 7: have a more seamless experience with the terminal and the
• 14:15
  Speaker 7: burner card.
• 14:16
  Speaker 1: Well, this is going to be interesting to watch because
• 14:18
  Speaker 1: I think there is a unique position right now where
• 14:20
  Speaker 1: we're going to see the Web two Web three conversion
• 14:23
  Speaker 1: takes some time, so there will be kind of that
• 14:26
  Speaker 1: hybrid approach I can appreciate that if we get this
• 14:29
  Speaker 1: kind of protocol going and we start to see every
• 14:33
  Speaker 1: retailer having I mean, because clarity is coming, every retailer
• 14:36
  Speaker 1: will be able to do this. Starbucks, McDonald's, you name it,
• 14:38
  Speaker 1: they're going to have it. They'll have a stable coin
• 14:41
  Speaker 1: essentially tied. Would that be the Is that the end
• 14:45
  Speaker 1: of USDC?
• 14:46
  Speaker 3: I mean, would you? How would this? Because man, you're.
• 14:50
  Speaker 1: Talking about all of retail trillions and trillions of dollars
• 14:53
  Speaker 1: here in the US alone.
• 14:54
  Speaker 7: Right, I Mean, in many ways, we're pretty neutral about that,
• 14:58
  Speaker 7: because the cool thing about a on tactless tap is
• 15:01
  Speaker 7: that you can negotiate any.
• 15:03
  Speaker 4: Coin for the merchant very easily behind the scenes.
• 15:06
  Speaker 7: Versus a QR code, where the user has to have
• 15:09
  Speaker 7: the intention of knowing what coin they're paying, and so
• 15:11
  Speaker 7: you have this whole friction of having to seek out
• 15:13
  Speaker 7: the coin and then knowing, well, Okay, today I'm at
• 15:16
  Speaker 7: McDonald's and I'm paying and USD MICK versus going to
• 15:20
  Speaker 7: Walmart and USDW. And so the nice thing is that
• 15:22
  Speaker 7: the terminal side, we can basically negotiate many cash like
• 15:26
  Speaker 7: stable coin tokens and resolve all that with just a tap,
• 15:29
  Speaker 7: and then the user might really not know that what
• 15:34
  Speaker 7: they're paying with as long as they understand that they
• 15:36
  Speaker 7: have sort of a cash balance as opposed to their crypto, right,
• 15:38
  Speaker 7: which is more savings oriented.
• 15:40
  Speaker 1: All right, last question to you is there's been a
• 15:42
  Speaker 1: handful and I mean a handful of retailers that have
• 15:46
  Speaker 1: gone the route that Steak and Shake did, which was
• 15:49
  Speaker 1: accepting bitcoin. I'm still a questioning. I question whether or
• 15:52
  Speaker 1: not this was a successful platform. What I see now
• 15:56
  Speaker 1: with general crypto payments, especially in USDC or or other
• 16:00
  Speaker 1: stable coins being really the winner here.
• 16:02
  Speaker 3: Do you think that is the.
• 16:04
  Speaker 1: End of bitcoin being attempted to be used as a
• 16:08
  Speaker 1: payment model.
• 16:10
  Speaker 7: Oh no, No, I think we're just at the beginning
• 16:12
  Speaker 7: of way more experimentation there. As you see with Square
• 16:15
  Speaker 7: rolling out all the Bitcoin support to their terminals. I
• 16:18
  Speaker 7: think it'd be really interesting to see how many users
• 16:21
  Speaker 7: pick that up. And I think the big benefit there
• 16:24
  Speaker 7: is they're going to approach the sort of tax arbitrage
• 16:26
  Speaker 7: of spend less than six hundred dollars of your bitcoin
• 16:29
  Speaker 7: and it's capital gain free.
• 16:31
  Speaker 4: So I'm intrigued to see that.
• 16:33
  Speaker 7: I think there's a lot of folks in the bitcoin
• 16:35
  Speaker 7: community who believe that lightning and bitcoin payments are are
• 16:39
  Speaker 7: universally the future. We're taking the bet on stable coins
• 16:43
  Speaker 7: because it's just easier to understand what you're paying.
• 16:46
  Speaker 4: But I can imagine in you know, five years, Well, yeah,
• 16:52
  Speaker 4: we'll have a.
• 16:52
  Speaker 7: Pretty clear picture pretty soon here around what people really
• 16:56
  Speaker 7: want to hold. And I suspect it's going to be
• 16:59
  Speaker 7: closer to a dollar and it is to a.
• 17:00
  Speaker 3: Sat Yeah, yeah, for sure.
• 17:03
  Speaker 1: Hey, Cameron, We're going to be watching this one very
• 17:05
  Speaker 1: closely as you guys develop out, so we'll probably have
• 17:07
  Speaker 1: you back on as things start to roll for you
• 17:10
  Speaker 1: once you get a major I'm just kind of curious
• 17:12
  Speaker 1: when you guys, and I'll talk to Daniel because I've
• 17:14
  Speaker 1: been on with Daniel McKay before. If you get a
• 17:17
  Speaker 1: national retailer that starts to roll out terminals, I'm curious
• 17:21
  Speaker 1: how that and what that might look like. So that
• 17:23
  Speaker 1: might be a good time to bring you guys back.
• 17:25
  Speaker 1: But thanks for coming in today. I appreciate it.
• 17:27
  Speaker 4: Yeah, I really appreciate it. Thanks for having me on
• 17:29
  Speaker 4: the show.
• 17:29
  Speaker 3: Paul.
• 17:30
  Speaker 1: All right, take care, all right, you guys know what
• 17:32
  Speaker 1: to do. Make sure and jump into the diamond circle.
• 17:34
  Speaker 1: It's a great place to get additional content from us,
• 17:36
  Speaker 1: and of course follow me out there on X at
• 17:38
  Speaker 1: Paul Baron. We'll catch you next time right here on
• 17:40
  Speaker 1: The Paul Baron Show.