Latest / The Paul Barron Crypto Show / The Rise of Bitcoin DeFi & RWA🟠Orobit CEO INTERVIEW

Transcript

The Rise of Bitcoin DeFi & RWA🟠Orobit CEO INTERVIEW · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Today, let's dive into bitcoin and DeFi how all of
• 0:02
  Speaker 1: this could work together. I think you guys are gonna
• 0:04
  Speaker 1: love it. My name is Paul Beryl. Welcome back in.
• 0:06
  Speaker 1: We're going to have one of our sponsors joining us
• 0:08
  Speaker 1: today and it's going to be breaking down kind of
• 0:10
  Speaker 1: the future of where bitcoin and DeFi could intersect. And
• 0:13
  Speaker 1: this is going to be Orbit. You guys may have
• 0:15
  Speaker 1: heard about this project out there. I wanted to bring
• 0:17
  Speaker 1: in their CEO and their co founder, Paul Dando. Welcome
• 0:21
  Speaker 1: into the show. Paul. How are you.
• 0:24
  Speaker 2: Hey, Paul, Thanks so much. Good. Thanks, it's good to
• 0:27
  Speaker 2: be a thanks.
• 0:28
  Speaker 1: Where are you guys, Yeah, where are you guys based where?
• 0:30
  Speaker 1: It looks like you're nighttime there?
• 0:33
  Speaker 3: Yeah, we're Luxember again CI and I'm currently based here
• 0:37
  Speaker 3: in Cape Ton, South Africa.
• 0:38
  Speaker 1: Beautiful, beautiful, Good Jeff. Let's get into a little bit
• 0:43
  Speaker 1: about Orbit in general. Give us a breakdown for our
• 0:46
  Speaker 1: audience to kind of just understand what you guys are
• 0:49
  Speaker 1: trying to do.
• 0:51
  Speaker 3: Yeah, you know, so, we're a team of really passionate
• 0:54
  Speaker 3: Bitcoin Maxi's a team that I'm really looking to build
• 0:58
  Speaker 3: on top of bitcoin, push bitcoin forward. If you take
• 1:01
  Speaker 3: a look at kind of what the landscape has been
• 1:04
  Speaker 3: emerging into over the last few years. You've you've had
• 1:06
  Speaker 3: a huge breakthrough in terms of institutional adoption, specifically of bitcoin.
• 1:11
  Speaker 3: It's kind of broken into the mainstream when it comes
• 1:14
  Speaker 3: to traditional finance and retail adoption and even just payments
• 1:19
  Speaker 3: day to day payments these days. But you're currently sitting
• 1:21
  Speaker 3: with around eight hundred million dollars worth a bitcoin that's
• 1:24
  Speaker 3: completely stagnant. You know, no one's spending their bitcoin, and
• 1:27
  Speaker 3: rightly so, they're using it as a store of value.
• 1:30
  Speaker 3: But we believe there's a lot of you know, untapped
• 1:33
  Speaker 3: utility that has a lot of potential there and essentially
• 1:36
  Speaker 3: stagnant bitcoin represents, you know, not only a threat to
• 1:39
  Speaker 3: bitcoin itself as you know, spending bitcoin and these fees
• 1:42
  Speaker 3: incentivize the network, but it represents a disconnect between you know,
• 1:46
  Speaker 3: those who are building bitcoin and those who are buying
• 1:48
  Speaker 3: it and not using it. So what our mission is
• 1:51
  Speaker 3: is to essentially unlock this utility and bring a layer
• 1:55
  Speaker 3: of tokenization and smart contract utility that will bridge that
• 1:58
  Speaker 3: gap and understanding in what solutions and traditional finance you know,
• 2:04
  Speaker 3: users are looking for and what bitcoin is today.
• 2:08
  Speaker 1: So real time secure payments, fraction of the costs, just
• 2:12
  Speaker 1: some of the things that you guys are featuring there
• 2:13
  Speaker 1: on your website. XRB, talk to me a little bit
• 2:16
  Speaker 1: about that its role in the whole ecosystem, what you're doing.
• 2:21
  Speaker 3: Yeah, absolutely so, SEL, which is our decentralized tokenization network,
• 2:26
  Speaker 3: is a gasless network. There aren't any gas fees on
• 2:30
  Speaker 3: our decentralized network, as all you need to do is
• 2:33
  Speaker 3: spend some bitcoin. But as you know, anyone that's starting
• 2:36
  Speaker 3: a layer on or decentralized network can attest to traction
• 2:40
  Speaker 3: and friction are really really two major blockers for adoption
• 2:44
  Speaker 3: and growth. So the x ORB token is more an
• 2:48
  Speaker 3: incentivization mechanism. We're using it to incentivize people to decentralize
• 2:52
  Speaker 3: the network, spin up validators, reward validators for the work
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  Speaker 3: they're putting in the data, the storing.
• 2:58
  Speaker 2: And really bridge this in.
• 2:59
  Speaker 3: It's a bit of a different approach to where we're
• 3:01
  Speaker 3: punishing bad actors. We're more along the lines of incentivizing
• 3:04
  Speaker 3: people to come in and take part and join the network.
• 3:07
  Speaker 2: On top of this, we've got allocations for foundation.
• 3:10
  Speaker 3: And ecosystem growth, so we're allocating grants to exciting projects
• 3:14
  Speaker 3: that are looking to bring you know, their tech and
• 3:17
  Speaker 3: their projects onto bitcoin, tap into you know, the institutional
• 3:20
  Speaker 3: network that we're that we're bringing on chain, and you know,
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  Speaker 3: really just baking them into you know, adopting the Orbit platform,
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  Speaker 3: our products that we're developing, as well as you know,
• 3:30
  Speaker 3: the tokenization infrastructure that we're building on top of bitcoin,
• 3:34
  Speaker 3: and this.
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  Speaker 2: Kind of ties into go ahead, go ahead, Yeah, I know.
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  Speaker 3: So part of you know, what makes us special is
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  Speaker 3: that we're able to scale with bitcoin. So part of
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  Speaker 3: the idea and the ethos behind building on top of
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  Speaker 3: bitcoin is that you're not competing with it. We're tapping into,
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  Speaker 3: you know, an existing decentralized stable infrastructure that a has
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  Speaker 3: on a base layer the best security in the world,
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  Speaker 3: and I'm a scaled ability layer. When you start talking
• 4:01
  Speaker 3: about the lighting network, you're transacting faster and cheaper than
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  Speaker 3: Visa and master Card can or any layer one.
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  Speaker 2: For that matter.
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  Speaker 1: All Right, So okay, so first of all, explain to
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  Speaker 1: me a little bit about the difference between what you
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  Speaker 1: guys are doing and other adjacent layers like a STAX
• 4:18
  Speaker 1: or something of that nature. How do you guys differentiate
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  Speaker 1: from that.
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  Speaker 3: Yeah, so when you talk about stacks and adjacent layers
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  Speaker 3: and roll ups and layer tos. A lot of them
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  Speaker 3: are developing their own blockchain, and while we are a
• 4:34
  Speaker 3: decentralized network, we feel, you know, it's a bit redundant
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  Speaker 3: to have thousands of blockchains that are all trying to
• 4:40
  Speaker 3: achieve the same thing when Bitcoin itself is you know,
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  Speaker 3: a completely stable, decentralized infrastructure that hasn't had any downtime
• 4:49
  Speaker 3: with the past decade and half and has sustained and
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  Speaker 3: defended against multiple attack vectors. So where this really comes
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  Speaker 3: in is that, you know, we don't we realize that
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  Speaker 3: by utilizing bitcoin for finality and consensus, which are essentially
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  Speaker 3: the two things that blockchains are best at, you can
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  Speaker 3: forego a lot of the tradeoffs that a blockchain has
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  Speaker 3: to make. Blockchains in essence need to be pretty slow,
• 5:14
  Speaker 3: and they need to be quite quite expensive in order
• 5:17
  Speaker 3: to protect themselves against a lot of attack vectors. Anyone
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  Speaker 3: that's speeding up their blockchain or introducing, you know, or
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  Speaker 3: fixing any of these problems, or introducing other attack vectors,
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  Speaker 3: or making tradeoffs that ultimately affect security and finality. If
• 5:32
  Speaker 3: you think about, you know, your faster layer one blockchains
• 5:37
  Speaker 3: you're starting to dive really into heavy centralization or staking
• 5:42
  Speaker 3: methodologies which require you know, large centralization control of funds
• 5:47
  Speaker 3: on that native token. So in that specifically, you know,
• 5:52
  Speaker 3: you're looking at a side chain that have their own
• 5:54
  Speaker 3: native token that process their own blocks. You could take
• 5:57
  Speaker 3: a look at other competitors who building roll ups like
• 6:01
  Speaker 3: ce Tria, but we're more along the lines and in
• 6:04
  Speaker 3: competition with guys like tat food Assets and RGB. We
• 6:09
  Speaker 3: share our ethos of client site validation and off chain computation,
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  Speaker 3: this idea that like you know, we don't need to
• 6:14
  Speaker 3: reinvent the wheel. We should be using the best the
• 6:18
  Speaker 3: best in terms of decentralization and existing infrastructure and utilizing
• 6:22
  Speaker 3: that to our advantage.
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  Speaker 1: Okay, so we've seen wrap bitcoin continue to grow if
• 6:29
  Speaker 1: you look at just the market cap right here. Why
• 6:32
  Speaker 1: not Why is wrap bitcoin not good enough, you know,
• 6:35
  Speaker 1: in terms of how this ecosystem could benefit bitcoin, especially
• 6:39
  Speaker 1: utilizing tools like wrap bitcoin.
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  Speaker 3: Yeah, so rap bitcoin is an interesting concept, but anytime
• 6:48
  Speaker 3: you're wrapping a currency, you're wrapping a token, you're relying
• 6:50
  Speaker 3: on the issuing entity or whatever centralized infrastructure is facilitating
• 6:55
  Speaker 3: the actual wrapping or custody of that bitcoin, right. So
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  Speaker 3: what we're building is a decentralized methodology for companies and
• 7:03
  Speaker 3: projects to bring their tokens and smart contracts onto bitcoin, not.
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  Speaker 2: The other way around.
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  Speaker 3: So we want to move away from another idea that
• 7:11
  Speaker 3: we need to be reliant on centralized institutions to scale
• 7:16
  Speaker 3: our layer ones, and we want to be reliant or
• 7:18
  Speaker 3: move away from being reliant on other entities custarding assets
• 7:22
  Speaker 3: so that we can scale bitcoin, so that we can
• 7:24
  Speaker 3: bring themse onto bitcoin, so that we can get people
• 7:27
  Speaker 3: spending their bitcoin and bringing a lot of utility to
• 7:30
  Speaker 3: ultimately you know what is the best and hardest money.
• 7:34
  Speaker 1: Well, I love the fact that you're saying spending your bitcoin,
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  Speaker 1: because a lot of people would say, never spend your bitcoin.
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  Speaker 1: You look at some of the you look at some
• 7:42
  Speaker 1: of the things that are happening out there on the
• 7:44
  Speaker 1: institutional side. This was news this morning on JP Morgan.
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  Speaker 1: They're going a little bit deeper into the blockchain, obviously
• 7:50
  Speaker 1: with a partnership with Coinbases based network is using the
• 7:55
  Speaker 1: Lightning network an uphill battle now, I mean we've we've
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  Speaker 1: talked to Lightning developers over the years, you know, I've
• 8:02
  Speaker 1: looked at a lot. I think of some of the
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  Speaker 1: best out there. If you look at you know, where
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  Speaker 1: lightning has come from to where they are today. Has
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  Speaker 1: there been any major change that would say lightning is
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  Speaker 1: the future here?
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  Speaker 2: Yeah.
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  Speaker 3: So I think a big issue with lightning adoption and
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  Speaker 3: development has always been the ux. It's always been very
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  Speaker 3: disconnected and difficult for people to understand, you know, how
• 8:27
  Speaker 3: to get their bitcoing into lightning and how to start
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  Speaker 3: closing and managing the channels. So I think a lot
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  Speaker 3: of work has been done over the last few years
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  Speaker 3: in terms of developing around that user experience. A big
• 8:40
  Speaker 3: part of that would be institutional adoption, where you know,
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  Speaker 3: you've got large institutions facilitating channel provision or liquidity provision
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  Speaker 3: and channel management on behalf of the users. So we're
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  Speaker 3: actually building a lot of lightning infrastructure because orbit or
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  Speaker 3: sel actually facilitates the funding of lightning network channels with
• 8:58
  Speaker 3: our tokens. And what we've come to see is that
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  Speaker 3: there's a lot of work that needs to be done
• 9:03
  Speaker 3: or that has to be done on the kind of
• 9:05
  Speaker 3: the project and the product side of things when it
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  Speaker 3: comes to introducing lightning to traditional users, but in terms
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  Speaker 3: of future proofing technology. Lightning offers faster speeds than Base
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  Speaker 3: does and cheaper fees surprisingly as well as probably the
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  Speaker 3: most unmatched privacy in terms of transacting. So really the
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  Speaker 3: key feature has been ux development over the past few
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  Speaker 3: years and we're already seeing it. You know, you've got
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  Speaker 3: roughly just shy of five thousand but in Lightning channels globally,
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  Speaker 3: and that's being provided by the likes of coin base
• 9:36
  Speaker 3: themselves and Finance, and you've got around thirteen thousand modes
• 9:41
  Speaker 3: shy from an all time high fifteen thousand seventeen thousand.
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  Speaker 2: So you know, the infrastructure.
• 9:47
  Speaker 3: Is there, and it is kind of the best and
• 9:49
  Speaker 3: best in terms of privacy and security when it comes
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  Speaker 3: to transacting at a high pace, and I feel, we
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  Speaker 3: really feel strongly that in the long term, you know,
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  Speaker 3: it's the more future proof technology over over things like
• 10:00
  Speaker 3: roll ups on top of the Theoreum.
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  Speaker 1: Okay, with that being said, what about liquidity, Because I
• 10:06
  Speaker 1: was looking at just some of the stable coins and
• 10:07
  Speaker 1: protocols right now with Bitcoin, Lightning is there, I mean,
• 10:11
  Speaker 1: because this is going to be that's pretty much the
• 10:12
  Speaker 1: lifeblood of any you know, any crypto project out there
• 10:15
  Speaker 1: obviously within the market is liquidity. How do you see
• 10:19
  Speaker 1: that changing within the Lightning network as well?
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  Speaker 2: Yeah? Absolutely.
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  Speaker 3: I Mean the big kind of springboard for any network
• 10:27
  Speaker 3: in terms of utility is you know, the incoming of
• 10:32
  Speaker 3: a stable coin or a lodge provider like Tether. However,
• 10:36
  Speaker 3: most stable coins and bitcoin these days have been wrapped
• 10:39
  Speaker 3: or pegged tokens and there just hasn't been enough utility
• 10:42
  Speaker 3: behind the projects or enough of a noise or adoption
• 10:45
  Speaker 3: to really bring any traction.
• 10:48
  Speaker 2: However, that's changing.
• 10:49
  Speaker 3: We were in Singapore now Token twenty forty nine and
• 10:52
  Speaker 3: a big story coming up was what bitcoin DeFi is
• 10:54
  Speaker 3: going to be doing to the industry. Tether have expressed
• 10:56
  Speaker 3: bringing USDT onto Lightning and onto Bitcoin and gener and
• 11:00
  Speaker 3: what we're going to see there is you know, people
• 11:03
  Speaker 3: being able to frontload Lightning channels with Bitcoin, especially from
• 11:06
  Speaker 3: an institutional perspective, and mirror this kind of liquidity provision
• 11:10
  Speaker 3: in terms of the tokenization on either side of channels
• 11:12
  Speaker 3: and having you know, untapped liquidity to be routing transactions
• 11:16
  Speaker 3: through the network and taking fees or really control controlling
• 11:20
  Speaker 3: how that flow works.
• 11:22
  Speaker 1: Do you think that bitcoin devs are going to be
• 11:25
  Speaker 1: enticed to build on you know, a DeFi infrastructure to
• 11:30
  Speaker 1: kind of get going on this. What are your what
• 11:32
  Speaker 1: are your thoughts there?
• 11:34
  Speaker 2: I think that's that's.
• 11:36
  Speaker 3: That's a conversation we can have for for an hour alone.
• 11:41
  Speaker 3: I mean, if anything, the recent debate between the Bitcoin
• 11:44
  Speaker 3: core team and the new implementation lots has been very
• 11:47
  Speaker 3: telling for this. The truth or the fact of the
• 11:50
  Speaker 3: matter is that meta protocols or Bitcoin DeFi is coming.
• 11:53
  Speaker 2: It is here.
• 11:55
  Speaker 3: So there are a lot of players in the space,
• 11:57
  Speaker 3: and from what we're seeing in terms of the reception
• 11:59
  Speaker 3: from the Bitcoin in Core team is that they see
• 12:02
  Speaker 3: it as an inevitability and an ultimate you know net
• 12:04
  Speaker 3: positive for bitcoin itself. So, you know, real bitcoin max
• 12:08
  Speaker 3: is who understand the tech, understand that adoption and use
• 12:12
  Speaker 3: is good.
• 12:12
  Speaker 2: For Bitcoin at the end of the day.
• 12:14
  Speaker 3: Soshi's original vision included operaturn, especially for the likes of
• 12:19
  Speaker 3: you know, hashed or signed transactional data that's happening on
• 12:23
  Speaker 3: separate networks. So in terms of you know, the end
• 12:27
  Speaker 3: golf Bitcoin, anyone who's been doing research and has been
• 12:32
  Speaker 3: paying attention in the space can see that, you know,
• 12:33
  Speaker 3: it's inevitable and it's going to be a good thing,
• 12:36
  Speaker 3: wrong term, So.
• 12:37
  Speaker 1: You feel like this could be a breakthrough then. I mean,
• 12:41
  Speaker 1: based on what you're telling me, this could literally be
• 12:43
  Speaker 1: a breakthrough at least within the core development teams around
• 12:46
  Speaker 1: bitcoin as a whole going in this direction. How far
• 12:51
  Speaker 1: along is it do you think?
• 12:53
  Speaker 3: Yeah, I mean, I personally believe it's going to be
• 12:56
  Speaker 3: the next big wave in Web three development and adoption.
• 13:00
  Speaker 3: Hole You've got, on the one hand, a passionate, passionate
• 13:03
  Speaker 3: community of people who believe in nothing else other than bitcoin,
• 13:06
  Speaker 3: and bringing more ways for them to use their bitcoin,
• 13:09
  Speaker 3: spend their bitcoin, and participate in the network is.
• 13:11
  Speaker 2: Going to be a huge driver.
• 13:13
  Speaker 3: And on the other hand, you've got you know, over
• 13:15
  Speaker 3: six and a half percent of the total bitcoin supply
• 13:19
  Speaker 3: in flowing into US ETFs alone this year. You're going
• 13:24
  Speaker 3: to see a lot of institutional attraction, especially when it
• 13:26
  Speaker 3: comes to you know, secure custody of digital assets as
• 13:31
  Speaker 3: a whole. Totalization of assets is around the corner. It's
• 13:34
  Speaker 3: been coming from quite some time. We haven't seen it
• 13:37
  Speaker 3: really loonto into its final form, and personally, bitcoin is
• 13:43
  Speaker 3: going to be the layer that kind of brings it.
• 13:44
  Speaker 2: Over the line.
• 13:45
  Speaker 1: Yeah, well, you look at that and some of the
• 13:48
  Speaker 1: other scenarios I think that play out within this is
• 13:51
  Speaker 1: And this was kind of interesting to me when I
• 13:53
  Speaker 1: looked at your quantum resistant wallet. First of all, I
• 13:56
  Speaker 1: think quantum in general still a little bit of an
• 14:00
  Speaker 1: an outlier in terms of possibility. Explain to me what
• 14:03
  Speaker 1: you guys are trying to do with this.
• 14:06
  Speaker 3: Yeah, so we're using patented quantum resistant methodologies and techniques.
• 14:13
  Speaker 3: So although it's not built into the wallet at the moment,
• 14:15
  Speaker 3: it's coming in Q on twenty twenty six. And the
• 14:18
  Speaker 3: idea is that, obviously, from an institutional perspective, safeguarding custody
• 14:23
  Speaker 3: of not any bitcoin, but sel assets as a whole
• 14:26
  Speaker 3: is incredibly Quantum resistant technology is a topic and amongst
• 14:32
  Speaker 3: national security agencies and banks, and there's no reason that
• 14:35
  Speaker 3: you know, your larger financial institutions wouldn't be just as
• 14:38
  Speaker 3: interested in these kind of techniques safeguarding their assets. So
• 14:42
  Speaker 3: what we're trying to introduce is full quantum resistant protection
• 14:47
  Speaker 3: as much as possible from an end to end perspective
• 14:49
  Speaker 3: when it comes to interacting with the blockchain, people really
• 14:52
  Speaker 3: underestimate the importance of sourcing truly random entropy when it
• 14:58
  Speaker 3: comes to generating your private especially from self custody perspective,
• 15:02
  Speaker 3: and to be honest, you know, half going half effort
• 15:07
  Speaker 3: when it comes to self custodying your crypto assets or
• 15:10
  Speaker 3: your digital assets is almost worse than custoding with the
• 15:14
  Speaker 3: third party provider. So what we're trying to provide is
• 15:17
  Speaker 3: is you know, the technology, the know how, and the
• 15:18
  Speaker 3: ease of use when it comes to ensuring that that
• 15:21
  Speaker 3: users are safeguarding their assets, safeguarding their transactions and the
• 15:25
  Speaker 3: way they're interact with the blockchain in the most effective
• 15:28
  Speaker 3: and easy to understand where.
• 15:30
  Speaker 1: Well listen if that, if this becomes reality, I think
• 15:32
  Speaker 1: institutional grade capital is going to be looking for solutions
• 15:36
  Speaker 1: exactly to this point that would be quantum resistant. But
• 15:39
  Speaker 1: even more importantly is if you look at the attack
• 15:42
  Speaker 1: vectors now with AI playing into this, you've got a
• 15:46
  Speaker 1: lot of potential, you know, loopholes, it could be worked
• 15:49
  Speaker 1: in and around a lot of this major capital shifting
• 15:52
  Speaker 1: over to what we're seeing already coming from the institutional space.
• 15:55
  Speaker 1: So maybe the right timing. I'm looking at your roadmap here,
• 16:00
  Speaker 1: you've got the MACC listing what is this right here?
• 16:03
  Speaker 1: The web ID and AI assistant that's coming out in
• 16:06
  Speaker 1: stage two Q four this year is that out now
• 16:09
  Speaker 1: in production.
• 16:11
  Speaker 3: It should be launching by the end of the month.
• 16:12
  Speaker 3: The teams have been working really hard on it. It's
• 16:15
  Speaker 3: essentially a big part of you know, adoption and growth
• 16:18
  Speaker 3: for an ecosystem is onboarding projects and developers. So web
• 16:21
  Speaker 3: y d is essentially a web based environment for you
• 16:24
  Speaker 3: to be developing and building smart contracts and deploying them
• 16:27
  Speaker 3: straight onto Bitcoin. So it's essentially a platform that allows
• 16:31
  Speaker 3: people a really easy and intuitive way to build smart
• 16:34
  Speaker 3: contracts from the ground up.
• 16:36
  Speaker 2: And then in terms of an idea or an AI assistant.
• 16:40
  Speaker 3: AI tooling is so important and almost expected in products
• 16:44
  Speaker 3: these days.
• 16:45
  Speaker 2: So what we've.
• 16:45
  Speaker 3: Built is a really wonderful solution for you to use
• 16:49
  Speaker 3: our AI system to completely help you, guide, guide you,
• 16:53
  Speaker 3: and write sel smart contracts, whether you're a complete novice.
• 16:58
  Speaker 2: Yeah, so the idea is that you could Yeah.
• 17:02
  Speaker 1: Just saying that that would be a big draw for
• 17:05
  Speaker 1: new developers, I think in being able to kind of
• 17:08
  Speaker 1: build out the case study of getting developers into a
• 17:11
  Speaker 1: platform like this. What has been the reception from the
• 17:14
  Speaker 1: tests that you'd have done so.
• 17:16
  Speaker 2: Far, Yeah, phenomenal.
• 17:19
  Speaker 3: You know, we've spoken to the team at Olgrand, I've
• 17:22
  Speaker 3: spoken to teams on many different networks and smaller chains,
• 17:26
  Speaker 3: especially those that write or come in and build their
• 17:29
  Speaker 3: own languages for smart contract tooling. And the biggest thing
• 17:33
  Speaker 3: for adoption and growth and ecosystem is that friction for
• 17:37
  Speaker 3: existing developers, especially on the Ethereum silana, to move over
• 17:40
  Speaker 3: to a new stack. So essentially what we're trying to
• 17:44
  Speaker 3: do here is completely remove that that friction and those
• 17:49
  Speaker 3: pain points that arise.
• 17:51
  Speaker 1: Yeah, other things rolling out strategic partnership announcements. Can you
• 17:56
  Speaker 1: share any of those now or are these getting ready
• 17:59
  Speaker 1: to roll out into this year?
• 18:02
  Speaker 3: I think I think we can make a you know,
• 18:03
  Speaker 3: exclusive first annoucement. Okay, we've invested in and partnered with stables.
• 18:10
  Speaker 3: They're they're going to be our exclusive feared on an
• 18:14
  Speaker 3: offer M partner for the whole Arebit ecosystem. We're going
• 18:17
  Speaker 3: to be you know, they're going to be supporting stable coins.
• 18:20
  Speaker 3: All stable coins are going to be supported by them.
• 18:23
  Speaker 3: They're going to be globally distributing, and we're going to
• 18:25
  Speaker 3: be working with them to globally distribute you know, bank
• 18:29
  Speaker 3: cards so that you'd essentially be able to load cards
• 18:33
  Speaker 3: and transact with SEL based stable coins and Again, a
• 18:37
  Speaker 3: huge part of what we're trying to drive is institutional
• 18:40
  Speaker 3: droption and tokenization of funds. So having this this dedicated
• 18:44
  Speaker 3: on an off MP partner that's you know, licensing over
• 18:46
  Speaker 3: one hundred and fifty two different countries will make that
• 18:50
  Speaker 3: that process incredibly seenless and really.
• 18:52
  Speaker 2: Kind of solve a narrative or show what we're trying
• 18:54
  Speaker 2: to do right from a from coin payments perspective.
• 18:58
  Speaker 1: Yeah, and I think this is something that of course
• 19:00
  Speaker 1: we've already seen moves by Visa this week, will most
• 19:03
  Speaker 1: likely send MasterCard last week with Ripple, and what they're
• 19:06
  Speaker 1: doing over there. Likelihood is the entire financial system is
• 19:09
  Speaker 1: all moving in this direction, at least at a very
• 19:12
  Speaker 1: quick pace. You feel like the timing is right for
• 19:15
  Speaker 1: what you guys are doing at Orbit versus where institutional
• 19:18
  Speaker 1: capital and Wall Street in general is heading.
• 19:23
  Speaker 2: Absolutely.
• 19:24
  Speaker 3: I mean, if you just take a look at the
• 19:25
  Speaker 3: success of Square and the Bitcoin payments topping off, we
• 19:30
  Speaker 3: take a look at lightning lectric adoption alone here in
• 19:33
  Speaker 3: South Africa and South America, we think that on chain,
• 19:40
  Speaker 3: the move to on chain in terms of payments and
• 19:42
  Speaker 3: day to day finance is here, and we think that
• 19:46
  Speaker 3: you know, the likes of Ripple and other more centralized
• 19:50
  Speaker 3: approaches are going to going to obviously make a big
• 19:53
  Speaker 3: splash given the name, But in terms of staying power,
• 19:57
  Speaker 3: I think I said, I feel like a broken requid pit.
• 20:00
  Speaker 3: Quinn is the name, and I think we're going to
• 20:03
  Speaker 3: be the partner to drive that over well.
• 20:06
  Speaker 1: We're going to be watching very closely, Paul as things
• 20:08
  Speaker 1: start to develop for you guys, especially as your roadmap
• 20:11
  Speaker 1: starts to fill out. If you guys want to learn
• 20:12
  Speaker 1: a little bit more, hit over to orbit dot ai
• 20:15
  Speaker 1: and check out what they're up to. But thanks for
• 20:17
  Speaker 1: coming in on the show today.
• 20:18
  Speaker 2: We appreciate it, absolutely cool. Thanks so much for having me.
• 20:21
  Speaker 1: It's been good, excellent, perfect. All right, guys, you know
• 20:24
  Speaker 1: what to do. If you're not already in the diamond circle,
• 20:27
  Speaker 1: you should get in the way. You can do that.
• 20:28
  Speaker 1: It's click link down below. It's our own private group.
• 20:30
  Speaker 1: It's available for you guys, absolutely free. And of course
• 20:33
  Speaker 1: follow me out there on x Apple Baron. We'll catch
• 20:35
  Speaker 1: you next time right here on the Paul Baron Show.
• 20:37
  Speaker 1: Take care,