Latest / The Paul Barron Crypto Show / XRP Wallets Surging Ahead of $RLUSD Launch🔥Xaman INTERVIEW

Transcript

XRP Wallets Surging Ahead of $RLUSD Launch🔥Xaman INTERVIEW · The Paul Barron Crypto Show

• 0:05
  Speaker 1: The market is booming, Bitcoin over one hundred K.
• 0:08
  Speaker 2: We're gonna be talking about a wallet today and that
• 0:11
  Speaker 2: is because you guys are probably going to be wanting
• 0:12
  Speaker 2: to do some trades within the XRP ecosystem. This is
• 0:15
  Speaker 2: the show for you. Don't miss it. My name is
• 0:17
  Speaker 2: Paul Barreer. Welcome back in a tech path. I'll get
• 0:19
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• 0:22
  Speaker 2: looking at long term holding and you want to do
• 0:24
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• 0:26
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• 0:29
  Speaker 2: Just go to tangum dot com and of course you
• 0:31
  Speaker 2: can do that over there. It works in conjunction with
• 0:34
  Speaker 2: your phone.
• 0:34
  Speaker 1: So very easy to set up.
• 0:36
  Speaker 2: And if you're brand new to self custoy, this is
• 0:39
  Speaker 2: the one for you because it is simple to get started.
• 0:41
  Speaker 1: So check it out.
• 0:42
  Speaker 2: We have a twenty percent discount going on that they
• 0:45
  Speaker 2: forwarded to our audience. Our audience, so don't paying attention
• 0:48
  Speaker 2: to ten off. It's twenty percent and it goes through
• 0:51
  Speaker 2: the eighth, so December the eighth is win is the
• 0:54
  Speaker 2: last time you'll be able to get it using the
• 0:56
  Speaker 2: code PBN, so just use that all right, let's get
• 0:58
  Speaker 2: into it today. We asked the guys over at Zaman
• 1:02
  Speaker 2: to come on the show, and one of their people
• 1:04
  Speaker 2: were said, yeah, we'll come on, let's talk about it.
• 1:06
  Speaker 2: So Robert, welcome in CEO of Zama the Wallet.
• 1:10
  Speaker 1: And we got the right.
• 1:11
  Speaker 2: Pronunciation right now because I've been calling it Jhaman and
• 1:14
  Speaker 2: it's Zoman with almost like a z exactly.
• 1:17
  Speaker 1: Well, hey, listen, are you.
• 1:17
  Speaker 2: Guys, First of all, how surprised are you right now
• 1:21
  Speaker 2: with the really the popularity of what we've seen around
• 1:26
  Speaker 2: wallet activity, with not only what you guys have been doing,
• 1:28
  Speaker 2: but just the XORP ecosystem. Were you expecting this or
• 1:32
  Speaker 2: what were you anticipating?
• 1:34
  Speaker 3: Not that surprised, I think, considering how police is moving
• 1:38
  Speaker 3: in the US and how the market is moving in general,
• 1:42
  Speaker 3: I don't think it's that big of us surprise. Did
• 1:44
  Speaker 3: I personally see xorp four hundred percent up on the
• 1:48
  Speaker 3: monthly chart, Yeah, I wouldn't have expected it. But again,
• 1:52
  Speaker 3: if you look at the bigger picture, the crypto market
• 1:55
  Speaker 3: is booming. I think it makes sense. But I think
• 1:57
  Speaker 3: it's the most important part here is seeing the exor
• 2:03
  Speaker 3: ecosystem finally get that tension that it deserves. Yeah, we've
• 2:07
  Speaker 3: had projects and people building for years now, and for
• 2:11
  Speaker 3: finally for them to basically be ready with their products
• 2:14
  Speaker 3: and now to get that tension they deserve. I think
• 2:16
  Speaker 3: that's that's very nice.
• 2:18
  Speaker 2: I would agree with that because that's one thing that
• 2:21
  Speaker 2: I've been surprised. I mean, we've been covering XRP for years,
• 2:24
  Speaker 2: but when you get a chance to really dive into
• 2:26
  Speaker 2: the ecosystem and see what's happening, it really perks your
• 2:29
  Speaker 2: interest on what this token is capable, but more importantly,
• 2:33
  Speaker 2: some of the tech that seems to be rising out
• 2:35
  Speaker 2: from underneath it. How many users have you had in
• 2:38
  Speaker 2: the past month. What has been the growth rate for
• 2:40
  Speaker 2: you guys?
• 2:42
  Speaker 3: Yeah, the past month has been pretty crazy. We've I
• 2:45
  Speaker 3: just actually pulled up the statistics before coming here. In
• 2:48
  Speaker 3: the past thirty days, we have had two hundred and
• 2:51
  Speaker 3: eighty three thousand active users and eighty four thousand new users. Wow,
• 2:57
  Speaker 3: so the new user rate even isn't that high. What's
• 3:00
  Speaker 3: really nice is seeing all of the holders and all
• 3:03
  Speaker 3: of the people who were, you know, maybe had there's
• 3:05
  Speaker 3: someone activated their assets on a month for three years
• 3:10
  Speaker 3: coming back and together with how the market is going.
• 3:14
  Speaker 3: We've seen an insane optic in support tickets and again
• 3:18
  Speaker 3: you just see the trend that it's it's a bunch
• 3:21
  Speaker 3: of old holders returning and now they're happy to be
• 3:24
  Speaker 3: active again.
• 3:25
  Speaker 2: But one hundred thousand activated accounts, that's pretty huge going
• 3:29
  Speaker 2: on overall.
• 3:29
  Speaker 3: So I want to clarify that's not within some month,
• 3:34
  Speaker 3: that's on a separate network. So how network is a
• 3:36
  Speaker 3: side chain of the extra Pill. So I think that
• 3:39
  Speaker 3: plays into the narrative that it's very nice finally seeing
• 3:42
  Speaker 3: all of the projects get attention they deserve. And I
• 3:45
  Speaker 3: think there's a HOW network is one of those because
• 3:49
  Speaker 3: it's a code fork of the extra PEL but it
• 3:52
  Speaker 3: brings smart contracts via hooks, that's what we call it
• 3:56
  Speaker 3: on there's a how network finally to the audience. So
• 3:59
  Speaker 3: super nice now seeing what people can do it when
• 4:02
  Speaker 3: they are given the capability to build really good stuff.
• 4:06
  Speaker 2: When you get this kind of influx, and we've seen
• 4:08
  Speaker 2: this in the crypto community quite a bit of where
• 4:12
  Speaker 2: there's these outages. You guys had an outage second one
• 4:16
  Speaker 2: in a week that it was resolved quickly. That's the
• 4:19
  Speaker 2: good part of it, But are you ready for the
• 4:22
  Speaker 2: kind of influx of users that we're probably going to
• 4:25
  Speaker 2: see over this next six months.
• 4:26
  Speaker 3: Absolutely, I think there's a very good saying that goes
• 4:30
  Speaker 3: with this. I think, yes, an outage for a customer
• 4:35
  Speaker 3: is an inconvenience, but that is a very good problem
• 4:38
  Speaker 3: to have, Yeah, because that means we are able to
• 4:41
  Speaker 3: battle test our software. We are able to find what
• 4:45
  Speaker 3: may be the missing links or some certain hardware failures,
• 4:49
  Speaker 3: we are able to fix it. And as the past
• 4:52
  Speaker 3: week shown, within the fast everybody was happy and I
• 4:55
  Speaker 3: think we are ready. We have definitely some one is
• 5:00
  Speaker 3: a product of XRPEL Labs, and under Exorpel Labs, we
• 5:03
  Speaker 3: are also the biggest infrastructure host, so notes all that
• 5:07
  Speaker 3: kind of stuff for XRPL. I think it's extremely important
• 5:11
  Speaker 3: to be ready for this and be all ready. But again,
• 5:16
  Speaker 3: the market is really well.
• 5:19
  Speaker 2: And one thing I always recommend to our users, and
• 5:21
  Speaker 2: if you're brand new to crypto and you're catching our show,
• 5:24
  Speaker 2: one thing to be aware of is that this has
• 5:26
  Speaker 2: happened multiple times.
• 5:27
  Speaker 1: We've seen it in the last bull run.
• 5:29
  Speaker 2: We saw in the bull run before that, there has
• 5:31
  Speaker 2: been outages on major exchanges. We saw coinbased go down,
• 5:34
  Speaker 2: we saw binance go down, we saw Robinhood have issues.
• 5:38
  Speaker 2: It is not abnormal for this, even for the biggest
• 5:41
  Speaker 2: out there in the ecosystem. So don't freak out when
• 5:44
  Speaker 2: these things happen. Be aware, always, just be safe and
• 5:47
  Speaker 2: practice good security. But I think the key here is
• 5:51
  Speaker 2: when you have a market that's growing so fast to
• 5:54
  Speaker 2: your point, you have to be ready, both from a
• 5:57
  Speaker 2: tech side but also from a user side of things.
• 6:00
  Speaker 1: Well, absolutely talk about it, talk about.
• 6:02
  Speaker 2: The three point two upgrades. I was looking at your
• 6:05
  Speaker 2: tweet right here. You've got the three point two it's
• 6:08
  Speaker 2: available now, faster performance, some event lists in their high
• 6:12
  Speaker 2: spam things of that, which I love because there's a
• 6:14
  Speaker 2: lot of those problems right now with wallets. Is there
• 6:17
  Speaker 2: anything specific that you say, hey, this is really what
• 6:20
  Speaker 2: we were trying to achieve with three point two.
• 6:22
  Speaker 3: Absolutely, loading into the app was a bit slow due
• 6:26
  Speaker 3: to the fact that extra pel had the mean cooin mania,
• 6:29
  Speaker 3: if you would want to call it that, and considering
• 6:32
  Speaker 3: the sheer amount of trust lines that now were necessary
• 6:35
  Speaker 3: in that solid down. We fixed it and that was
• 6:40
  Speaker 3: the biggest technical change in three point two. The biggest
• 6:44
  Speaker 3: change across our journey was also introduced in three point
• 6:48
  Speaker 3: two and it's monetizing the wallet because sustainability and being
• 6:53
  Speaker 3: able to grow is extremely important and at someone, we
• 6:57
  Speaker 3: take the biggest pride our security. This is our number one,
• 7:02
  Speaker 3: has been our number one since day one, and in
• 7:05
  Speaker 3: order to be able to offer our users the most
• 7:08
  Speaker 3: secure experience that you can have. Most definitely on the
• 7:12
  Speaker 3: extra pail. But I would also be fairly confident in
• 7:15
  Speaker 3: saying in the crypto scene in general.
• 7:19
  Speaker 2: I think you hit on something though, that's very important
• 7:21
  Speaker 2: to bring up to everybody.
• 7:22
  Speaker 1: Because there's a lot of free stuff out there.
• 7:25
  Speaker 2: Right now outside of in the industry itself, and this
• 7:28
  Speaker 2: is something that has even talked about on social very confident,
• 7:32
  Speaker 2: I think companies and projects that actually charge for it
• 7:35
  Speaker 2: is I think that's the way.
• 7:36
  Speaker 1: To go for the future.
• 7:37
  Speaker 3: So kudos to what you guys are doing being sustainable.
• 7:41
  Speaker 3: We are no longer under the risk that we might
• 7:44
  Speaker 3: take a VC deal that, at the end of the day,
• 7:47
  Speaker 3: has their goal is to optimize their profits and that
• 7:52
  Speaker 3: usually comes at the cost of our users. We will
• 7:54
  Speaker 3: never do that. Our users are number one for us,
• 7:57
  Speaker 3: and their security is number one for us. Second, is
• 8:00
  Speaker 3: exactly what we talked about before being able to scale
• 8:03
  Speaker 3: for the sheer demand, because it's very important. If you
• 8:06
  Speaker 3: are scaling in crypto, you are not scaling for the
• 8:08
  Speaker 3: average state. You are scaling for the peak because you
• 8:11
  Speaker 3: need to be able to provide at the peak. So
• 8:16
  Speaker 3: I think those are the biggest things on our radar,
• 8:18
  Speaker 3: and I think those really are a staple of our
• 8:21
  Speaker 3: commitment to our community and our users and security in general.
• 8:26
  Speaker 2: What is the most asked feature right now? When you
• 8:29
  Speaker 2: get all the inbound whether it's on Twitter or otherwise,
• 8:33
  Speaker 2: you're getting feedback from users. I mean, we know what
• 8:36
  Speaker 2: ours is, but what is the feature that is being
• 8:39
  Speaker 2: asked about the most.
• 8:40
  Speaker 3: That's actually a very good question because we're in a
• 8:43
  Speaker 3: lucky position. Zamon has been a feature complete wallet since
• 8:47
  Speaker 3: day one, meaning that any single feature that's available on
• 8:51
  Speaker 3: the XRP ledger, we offer that to our user base.
• 8:55
  Speaker 3: So thankfully, that's not a problem that we really have.
• 8:59
  Speaker 3: I know that when meme coins became extremely popular on
• 9:02
  Speaker 3: the extra pelt, then people wanted to be able to
• 9:05
  Speaker 3: see their meme coin's name in the app scene.
• 9:08
  Speaker 1: Yeah, icon in that.
• 9:10
  Speaker 3: That's also something that we cater to in three point two,
• 9:13
  Speaker 3: and we've been that since day one, and I think
• 9:15
  Speaker 3: that's also a very important thing why someone has has
• 9:20
  Speaker 3: reached the level of success that we are at.
• 9:22
  Speaker 2: Yeah, well, I think that's exactly the point for us,
• 9:25
  Speaker 2: because meme coins was the big one. Everybody wants to
• 9:28
  Speaker 2: know how to get to and understand how to get
• 9:31
  Speaker 2: into the ecosystem. We try to explain it a little
• 9:33
  Speaker 2: bit around how trust lines work within the Zaman wallet
• 9:37
  Speaker 2: and being able to get some of these because it
• 9:39
  Speaker 2: is a different environment versus going into a phantom wallet
• 9:43
  Speaker 2: and buying a Salona meme coin. So for those of
• 9:45
  Speaker 2: you who have never done it, you know, go through,
• 9:47
  Speaker 2: test it out, you know, you walk through it, go
• 9:50
  Speaker 2: in and buy drop. That's one of the easiest ones
• 9:52
  Speaker 2: to go check out. Again, remember these meme coins very
• 9:55
  Speaker 2: high risks. Just remember that. But that's the one that
• 9:58
  Speaker 2: we liked in the three point two update. Also, the
• 10:02
  Speaker 2: other thing that is coming down the pipe that could
• 10:04
  Speaker 2: happen any day now, and that is r l USD
• 10:07
  Speaker 2: and a stable coin coming in. What kind of First
• 10:11
  Speaker 2: of all, do you think when do you think this
• 10:13
  Speaker 2: is going to launch? What's your thought on this?
• 10:16
  Speaker 3: That's a good question. I sincerely do not have an
• 10:20
  Speaker 3: answer for that. I believe that it's going to launch
• 10:23
  Speaker 3: any day now. I think it's going to happen very soon.
• 10:26
  Speaker 3: I think that's something that you can derive from Ripple's
• 10:30
  Speaker 3: communication to the general public, and I think the ecosystem
• 10:35
  Speaker 3: is ready for it.
• 10:36
  Speaker 1: No doubt.
• 10:37
  Speaker 2: I think the ecosystem we're going to see it being
• 10:39
  Speaker 2: used across so much of the industry.
• 10:42
  Speaker 1: I think it's a big one.
• 10:43
  Speaker 2: Right here, This was the statement from Ripple talking about
• 10:46
  Speaker 2: r l USD isn't launching today. They were talking about
• 10:49
  Speaker 2: yesterday lockstep with the ny DFS.
• 10:52
  Speaker 1: That's the thing that.
• 10:53
  Speaker 2: Makes this so unique is if once this has been
• 10:56
  Speaker 2: approved through the ny DFS, this could really change the
• 11:00
  Speaker 2: dynamic around stable coin. What kind of impact do you
• 11:04
  Speaker 2: think that's going to have when you guys actually have
• 11:06
  Speaker 2: this as a trading pair inside the wallet itself, what
• 11:09
  Speaker 2: do you think is going to happen?
• 11:11
  Speaker 3: I sincerely hope that the biggest impact will be on
• 11:14
  Speaker 3: the ecosystem. So I basically go back to what I
• 11:17
  Speaker 3: started with as the ecosystem and all of the projects
• 11:21
  Speaker 3: are finally getting the attention that they deserve. I think
• 11:24
  Speaker 3: r l us T will enable that to go even further,
• 11:28
  Speaker 3: and the decks the first native decks in crypto in general,
• 11:32
  Speaker 3: so the extra pail decks, it doesn't have the best
• 11:35
  Speaker 3: liquidity right now. I think that's something that could be
• 11:39
  Speaker 3: solved with r l USD, and I think I think
• 11:42
  Speaker 3: that's the biggest one probably. And it's again saying we've
• 11:45
  Speaker 3: been feature complete since day one. Whenever our l USD hits,
• 11:49
  Speaker 3: it's going to be shortlisted under the trust lines in Samana.
• 11:54
  Speaker 3: We will be supporting it since the first moment. It's
• 11:57
  Speaker 3: basically able on norf rams, so we are ready for it.
• 12:01
  Speaker 2: Yeah, we were tweeting this out currently. At that time
• 12:05
  Speaker 2: that we tweeted this, this was on December the third,
• 12:07
  Speaker 2: there were eight hundred and eighty trust lines and we
• 12:11
  Speaker 2: just checked in here recently. I think we're over forty
• 12:14
  Speaker 2: five hundred. This is the list right now, if you
• 12:16
  Speaker 2: guys go in and want to learn a little bit
• 12:18
  Speaker 2: more about it. On the trust lines for what RLUSD
• 12:21
  Speaker 2: is starting to hit, I mean you can see it.
• 12:23
  Speaker 2: It is absolutely lining up, so it's almost like a
• 12:25
  Speaker 2: pre order for what's happening within RLUSD. Huge on the
• 12:30
  Speaker 2: I think the capacity of like you were mentioning, is
• 12:33
  Speaker 2: just the what the benefits are going to be for
• 12:35
  Speaker 2: the ecosystem.
• 12:36
  Speaker 1: Talk to me just so everybody knows.
• 12:38
  Speaker 2: Because there's a lot of people that are watching right
• 12:40
  Speaker 2: now that are brand new to the XRP ecosystem. Explain
• 12:43
  Speaker 2: trust lines, why they're important, and how they work.
• 12:48
  Speaker 3: So on a very high level, a trust line is
• 12:51
  Speaker 3: basically you signaling that you are willing to interact with
• 12:55
  Speaker 3: this asset. So, for example, in SAMON, if you're on
• 12:59
  Speaker 3: the XORP, the ledger the native as it is XRP.
• 13:02
  Speaker 3: If you're on Zaha network, the native acid is ZA,
• 13:06
  Speaker 3: and then you can use trust lines to basically say
• 13:11
  Speaker 3: that this is an asset that I'm willing to interact with.
• 13:15
  Speaker 3: So our earliest is a perfect example of that. You're
• 13:17
  Speaker 3: basically opening the door for yourself, you're closing the door
• 13:22
  Speaker 3: for a potential spam and all that you just have
• 13:24
  Speaker 3: a direct access to the coin, and that's basically how
• 13:29
  Speaker 3: it works. Of course, you can set the trust line
• 13:31
  Speaker 3: right now. That means the asset isn't available, but it
• 13:34
  Speaker 3: means that exactly like you said, you're basically shortlisting yourself,
• 13:37
  Speaker 3: so meaning that whenever the asset becomes available, you can
• 13:40
  Speaker 3: see it in your wallet. You can interact with it.
• 13:43
  Speaker 2: The fact that there's that many on pre order, it
• 13:45
  Speaker 2: feels like it's pretty impressive overall, that's for sure. Talk
• 13:50
  Speaker 2: about Okay, so meme coins big big craze. We've seen
• 13:54
  Speaker 2: it almost on every ecosystem. If you look at what's
• 13:56
  Speaker 2: happened within Solana, within Sui, within Tron, everybody's had their
• 14:01
  Speaker 2: little bit of run on meme coins. The XRP ecosystem
• 14:05
  Speaker 2: I don't think has been that really, it hasn't really
• 14:10
  Speaker 2: happened yet because of availability and being able to get
• 14:12
  Speaker 2: to it. It's still quite a challenge I think for.
• 14:15
  Speaker 1: New users to go in and do that.
• 14:17
  Speaker 2: When we get a ripple stable coin, do you think
• 14:20
  Speaker 2: that's going to have a major impact on meme coins?
• 14:23
  Speaker 3: Thinking out loud here, I think it would make trading
• 14:25
  Speaker 3: with mime coins a bit more predictable in a sense
• 14:28
  Speaker 3: that now you know that your USD is one dollar,
• 14:32
  Speaker 3: whereas your XRP can change, the meme coin can change,
• 14:35
  Speaker 3: so you're a bit open to more rister if you're
• 14:38
  Speaker 3: trading with the stable coin, I think you're opened up
• 14:40
  Speaker 3: a bit less risk there. Of course, meme coins are
• 14:42
  Speaker 3: still extremely volatile. They should not be seen as an investment,
• 14:47
  Speaker 3: but I do think that it might add something to
• 14:51
  Speaker 3: the market, even for those traders who want to have
• 14:54
  Speaker 3: a bit less risk.
• 14:55
  Speaker 2: What about the market cap, because I'm looking at xp
• 14:57
  Speaker 2: market right here, I'll zoom in on this. You guys,
• 15:00
  Speaker 2: you can see this market cap curring around two hundred
• 15:02
  Speaker 2: and eight email. Do you think that is also going to
• 15:05
  Speaker 2: just see a skyrocket in opportunity here around within the ecosystem?
• 15:09
  Speaker 3: That's that's the question that I can't answer. I do
• 15:13
  Speaker 3: think that if if our elus does bring to liquidity,
• 15:18
  Speaker 3: then we will probably see the market cap go about.
• 15:22
  Speaker 3: But I think from a SAMAN so, I think it's
• 15:24
  Speaker 3: extremely important to mention here that we are not really
• 15:28
  Speaker 3: in the business of speculation from the SAMON, and we
• 15:31
  Speaker 3: are in the business of allowing users to sleep well
• 15:34
  Speaker 3: at night knowing that their assets are safe. So we
• 15:36
  Speaker 3: see it right now as well. There are many people
• 15:38
  Speaker 3: trading on a first Ledger, that's the mean coin platform
• 15:41
  Speaker 3: for x rapl, but there are also very many people
• 15:44
  Speaker 3: trading there and then transferring to meme coins over to
• 15:48
  Speaker 3: SAMON because they know it the meme games are going
• 15:51
  Speaker 3: to be safe in the month.
• 15:53
  Speaker 2: Yeah, so exactly talk to me, okay, So let's go
• 15:56
  Speaker 2: into a couple other points. Because you guys had a
• 15:58
  Speaker 2: partnership here with master car coming in. What does this
• 16:02
  Speaker 2: mean for you and will this change the onboarding possibility
• 16:07
  Speaker 2: for funding a wallet like we've already started to see
• 16:10
  Speaker 2: Apple Pay, robinhood Connect, all sorts of things that have
• 16:14
  Speaker 2: been able to fund some of these self custody wallets.
• 16:17
  Speaker 2: What's on your roadmap for something like that?
• 16:20
  Speaker 3: This is a good question. The Immersive integration is for Zahau.
• 16:25
  Speaker 3: So basically, what it's going to allow you to do
• 16:27
  Speaker 3: is have a stable coin in your some balance on
• 16:30
  Speaker 3: the Sahau network. You will have a MasterCard issued by Immersive,
• 16:35
  Speaker 3: they're a partner of MasterCard, and then you can just
• 16:38
  Speaker 3: directly spend your stable coin utilizing hooks technology. So technology
• 16:45
  Speaker 3: only available on Zahau right now. So basically a smart contract,
• 16:49
  Speaker 3: right And I think that's something that the main net
• 16:52
  Speaker 3: of extra pel is missing right now. And I do
• 16:55
  Speaker 3: think whenever we start, I think that partnership will definitely
• 16:59
  Speaker 3: make someone experience even more nicer. You now are able
• 17:03
  Speaker 3: to in total self custody exactly and your stable coins
• 17:08
  Speaker 3: all right.
• 17:09
  Speaker 1: I like that.
• 17:09
  Speaker 2: I had a couple more questions here. One was on
• 17:12
  Speaker 2: the Zaman pro and I'm on your website right now.
• 17:15
  Speaker 2: Is there a way around this if I didn't want
• 17:18
  Speaker 2: to go in and hold a certain level of tokens?
• 17:22
  Speaker 2: I know you guys have the Tangent card connected to
• 17:25
  Speaker 2: this prob product. You know where you get that. But
• 17:27
  Speaker 2: it's sixty bucks in XRP or sixty is that right?
• 17:29
  Speaker 2: Sixty dollars in XRP.
• 17:31
  Speaker 3: Still, yes, it can be sixty dollars in via a
• 17:34
  Speaker 3: card or via XRP. I think that the greater question
• 17:38
  Speaker 3: here is about our monetization. There is a there's many
• 17:42
  Speaker 3: solutions here and a lot of questions that we have answered.
• 17:45
  Speaker 3: So yeah, yes, there's ways around this. We monetize our
• 17:48
  Speaker 3: users now based on their app usage. So for example,
• 17:52
  Speaker 3: if you're a casual user, you know you hold your
• 17:55
  Speaker 3: ten thousand XORP, you signed twenty transactions per month, you
• 17:59
  Speaker 3: interact with accepts, you interact with the ecosystems a bit,
• 18:02
  Speaker 3: you will never be monetized. If you're a power user
• 18:05
  Speaker 3: who I don't know, signs five hundred transactions per month,
• 18:09
  Speaker 3: has one hundred thousand extrapeece, then you will be paywalled again.
• 18:13
  Speaker 3: It's because we offer you the safest experience. You know
• 18:17
  Speaker 3: that your one hundred thousand extra piece safe and in
• 18:21
  Speaker 3: order for that, we offer three solutions. So first is
• 18:25
  Speaker 3: paying the paywall amount that you run into based on
• 18:28
  Speaker 3: your usage. Again, it's dynamic, so if the next month
• 18:32
  Speaker 3: you don't use the app as much, it will be
• 18:34
  Speaker 3: free for you. So that's the main reason why we
• 18:37
  Speaker 3: didn't opt for a subscription, because I don't think it's
• 18:39
  Speaker 3: fair for to ask us for somebody to pay ten
• 18:42
  Speaker 3: dollars per month when they might really need to use
• 18:45
  Speaker 3: someone for only three months out of a year. The
• 18:48
  Speaker 3: second question is getting someone pro, which you talked about.
• 18:51
  Speaker 3: It offers a few advanced features, but it's more of
• 18:54
  Speaker 3: a quality of life product and it lasts a year.
• 18:59
  Speaker 3: Also means that you will not be monetized. And the
• 19:01
  Speaker 3: third option that we have decided for is holding five
• 19:04
  Speaker 3: thousand ZA on the Zaha network and in that case
• 19:08
  Speaker 3: you will also be exempt from monetization. I personally am
• 19:12
  Speaker 3: not a fan of obfuscated fees. That is kind of
• 19:16
  Speaker 3: industry standard when it comes to wallets. Someone has zero
• 19:20
  Speaker 3: fees and they are very proud of that. So we
• 19:23
  Speaker 3: like to be transparent upfront, and I think that's the
• 19:27
  Speaker 3: strategy that we went with.
• 19:28
  Speaker 2: Well, I think the fees are you know, anytime that
• 19:32
  Speaker 2: if you're getting a free product, you know people talk
• 19:34
  Speaker 2: about it all the time.
• 19:35
  Speaker 1: You are the product.
• 19:35
  Speaker 2: But to your point, fees are already becoming an issue.
• 19:39
  Speaker 2: We're going to continue to see that even.
• 19:41
  Speaker 1: On some of the coinbas wallet.
• 19:43
  Speaker 2: I know that within base there's a lot of stuff
• 19:44
  Speaker 2: that you can move fairly free. But even though there's
• 19:47
  Speaker 2: still fees within coinbas wallet that are still network transactions,
• 19:51
  Speaker 2: so absolutely, and.
• 19:52
  Speaker 1: It's not stuff you're getting away from.
• 19:54
  Speaker 3: Yeah, this is a very interesting topic as well, because
• 19:56
  Speaker 3: we went live with our monetization I think roughly around
• 19:59
  Speaker 3: twenty four hour hours ago now, and I had to
• 20:02
  Speaker 3: explain to some users who were a bit a bit
• 20:05
  Speaker 3: in all because they have been they've gotten us to
• 20:08
  Speaker 3: using someone for free, they've got the news to getting
• 20:11
  Speaker 3: everything in the ecosystem for free basically, and they told
• 20:14
  Speaker 3: me that they would rather send their friends to meta mask.
• 20:17
  Speaker 1: Now.
• 20:18
  Speaker 3: Then I had to explain to the user that meta
• 20:20
  Speaker 3: mask on average charges zero point eight percent on average perfections.
• 20:24
  Speaker 3: So if your friend is transacting ten thousand extra peper month,
• 20:31
  Speaker 3: the friend will end up paying over ten times more
• 20:35
  Speaker 3: than he would with our monetization model. So I do
• 20:39
  Speaker 3: think the obfuscated fees has kind of become a norm.
• 20:42
  Speaker 3: I don't think it should be an RM. I think
• 20:44
  Speaker 3: people should be aware of it. Everything should be upfront.
• 20:47
  Speaker 3: But it's the crypto space, so yeah, I think they're doing.
• 20:51
  Speaker 2: Yeah, well, fees are going to I think this is
• 20:53
  Speaker 2: going to get more competitive and the premium products are
• 20:56
  Speaker 2: going to rise to the top. I think the ones
• 20:59
  Speaker 2: that figure out a monetization and do what you guys
• 21:03
  Speaker 2: are talking about right now, which is reducing fees and
• 21:06
  Speaker 2: in increasing security, especially if you look at it with
• 21:11
  Speaker 2: the model that you guys have done with trust lines
• 21:13
  Speaker 2: to eliminate the spam problem, that's a huge, huge advantage.
• 21:16
  Speaker 2: I wish it was available on more projects you know
• 21:19
  Speaker 2: out there, if which we add those for things like
• 21:21
  Speaker 2: Solana and within e.
• 21:23
  Speaker 3: So people at the end of the day, they don't
• 21:24
  Speaker 3: even know that they're paying fees, so they sincerely think
• 21:27
  Speaker 3: that using metamas for them is free, and they are
• 21:30
  Speaker 3: shocked at the fact that we are asking them for
• 21:32
  Speaker 3: a payment based off of their usage and we are
• 21:35
  Speaker 3: clearly showing them the amount and they will be acting.
• 21:38
  Speaker 3: They will be ten transacting for thirty days using some
• 21:41
  Speaker 3: unrestricted they can use everything. They can do a million
• 21:45
  Speaker 3: transactions amounth if they if they for some reason need
• 21:48
  Speaker 3: to do that.
• 21:49
  Speaker 1: Yeah.
• 21:50
  Speaker 2: Hey, listen, guys, if you want to check out Zamon,
• 21:52
  Speaker 2: you can go over to the Zimon dot app and
• 21:54
  Speaker 2: get it right there on the Google Play or the
• 21:56
  Speaker 2: app store. This is not again, by the way, this
• 21:58
  Speaker 2: is not an advertisement. They don't pay us to come
• 22:01
  Speaker 2: on our show. We wanted to dive into what they're doing,
• 22:04
  Speaker 2: learn more about Zimon and really the ecosystems. I know
• 22:07
  Speaker 2: we have a lot of people in the XRP community
• 22:09
  Speaker 2: that's been asking about this, so we do try to
• 22:12
  Speaker 2: get as much as you guys as we can to
• 22:14
  Speaker 2: get you guys answers. So, Robert, thanks for coming on
• 22:17
  Speaker 2: the show today. We appreciate all the candid answers.
• 22:20
  Speaker 1: Thanks a lot.
• 22:22
  Speaker 3: Thank you for having me Bold You bet all right, So.
• 22:25
  Speaker 2: You guys are tuned in right now. If you're not
• 22:26
  Speaker 2: in the Diamond Circle, make sure and get in. It's
• 22:28
  Speaker 2: one of the best places to get additional content, including
• 22:31
  Speaker 2: our own additional podcast that we do within the Diamond
• 22:34
  Speaker 2: Circle only and by the way, we're getting ready to
• 22:37
  Speaker 2: give away some Tangent wallets, so be on the lookout.
• 22:41
  Speaker 2: We may do it in our very next episode on
• 22:44
  Speaker 2: We're doing a big video on bitcoin today, so obviously
• 22:47
  Speaker 2: with that, but be on the lookout for that. You
• 22:49
  Speaker 2: have to be in the diamond circle to win, and
• 22:51
  Speaker 2: of course catch me out there on X at Paul Barrett.
• 22:54
  Speaker 2: We'll catch you next time right here on tech Path