2798: Bridging Traditional Finance with Blockchain Innovation | The Tech Talks Network

I'm delighted to welcome Petr Kozyakov, CEO and co-founder of Mercuryo, a global payments infrastructure platform, to share his invaluable insights on this transformative journey.

Petr Kozyakov is a visionary leader with a deep understanding of the financial market, and his journey in FinTech began in the late 2000s. Throughout his career, he has held top management positions in payment companies, making him uniquely qualified to discuss the intersection of blockchain and finance.

Our conversation with Petr delves into the potential of crypto payments as a fast and cost-effective solution, particularly for cross-border transactions. While cryptocurrency adoption is still in its early stages, Petr highlights the need for greater integration between crypto and fiat systems to unlock its full potential.

Regulatory changes are also on the horizon, and Petr believes they are ultimately positive for crypto adoption as they legitimize the space and build trust among enterprises and consumers alike. However, he emphasizes the importance of businesses focusing on actual use cases that address genuine pain points rather than adopting crypto for hype.

We explore the diverse use cases of crypto payments, from settling group expenses across borders to facilitating remittances with low fees and high speed. Stablecoins, in particular, are transforming the landscape by providing a store of value in countries with unstable currencies.

Petr envisions a hybrid future of payments, where challenger banks become "crypto-first," seamlessly integrating crypto and fiat services. This integration will bridge the gap between crypto apps and traditional banking, offering users a holistic financial experience.

Despite the immense potential, Petr acknowledges the challenges of implementing blockchain technology in payments. He advises businesses to take the time to understand the technology thoroughly and recommends starting with specific pain points before wholesale adoption. Strategic partnerships can also ease the transition for companies new to the crypto space.

Join us for an enlightening conversation that explores the evolving regulatory landscape, the role of established card networks like Visa and Mastercard in crypto, and the exciting possibilities that lie ahead as blockchain innovation transforms the future of finance.

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[00:00.000 --> 00:06.540] Have you ever considered the transformative potential of blockchain technology in reshaping [00:06.540 --> 00:14.440] the world of payments, especially for 1.4 billion people globally who remain unbanked and locked [00:14.440 --> 00:16.560] out of traditional finance? [00:16.560 --> 00:22.560] Well today I've got the CEO and co-founder of Mercury, a trailblazing company at the forefront [00:22.560 --> 00:23.560] of this revolution. [00:23.560 --> 00:29.720] And with a vision of a future where digital assets and traditional finance converge, Peter [00:29.800 --> 00:33.680] is set to redefine how business is big and small approach payments. [00:33.680 --> 00:38.400] But what does this hybrid feature of DeFi and neo-banking look like? [00:38.400 --> 00:43.440] How can it foster financial inclusion and economic empowerment? [00:43.440 --> 00:48.180] These are just a few of the compelling questions I want to explore with Peter today, who is [00:48.180 --> 00:53.920] also an accomplished entrepreneur and has tremendous insights into the implementation [00:53.920 --> 00:58.800] of blockchain technology and payments and how they are continuing to shape the financial [00:58.800 --> 00:59.800] market. 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[02:25.880 --> 02:31.080] That's kiteworks.com to get started today and now on with today's show. [02:31.080 --> 02:36.480] Buckle up and hold on tight as I beam your ears all the way to London here in the UK where [02:36.480 --> 02:39.760] Peter is waiting to speak with me. [02:39.760 --> 02:42.520] So a massive warm welcome to the show. [02:42.520 --> 02:46.400] Can you tell everyone listening a little about who you are and what you do? [02:46.400 --> 02:49.920] Hey, thanks for having me here. [02:49.920 --> 02:51.840] My name is Peter Koseakov. [02:51.840 --> 02:55.400] I'm CEO and co-founder of Nerf Mercurio. [02:55.400 --> 03:01.520] I have been doing online payments for already 15 years. [03:01.520 --> 03:05.920] So someone can say like I'm a payment veteran. [03:05.920 --> 03:13.960] So I built several IPSPs from scratch, had my own cross-border payment provider and finally [03:13.960 --> 03:24.120] in 2019 fell in love with crypto and we launched Mercurio with IDG to breach the art [03:24.120 --> 03:26.000] and crypto worlds. [03:26.000 --> 03:32.760] And I think we are doing it kind of really successfully. [03:32.760 --> 03:40.200] So we provide the on-ramp solution for the majority of large players like mid-to-mask, [03:40.200 --> 03:44.520] ledger, trust, wallet, Bitcoin, and a lot more. [03:44.520 --> 03:49.320] Guys, my bit is also one of our customers. [03:49.320 --> 03:53.240] We provide also off-ramp services. [03:53.240 --> 03:59.520] We call it spend where you can spend your crypto and get paid to your existing bank account [03:59.520 --> 04:01.040] or a bank card. [04:01.040 --> 04:06.680] And we plan to launch this year, a solution where you can spend your crypto using bank [04:06.680 --> 04:11.000] card that you will issue with us and use it inside your crypto app. [04:11.000 --> 04:16.320] We're so much looking forward to talking with you about today because at Mercurio, you are [04:16.320 --> 04:21.000] on this mission to make business payments easier and almost reinventing that space. [04:21.000 --> 04:27.200] But a lot of businesses, they want to find out more but they're a little bit intimidated [04:27.200 --> 04:28.200] by the space. [04:28.200 --> 04:33.640] I think in some cases, they're afraid of looking foolish or being behind the curve. [04:33.800 --> 04:38.280] What I try and do on this podcast every day is demystify it, talk about it in a language [04:38.280 --> 04:39.480] that everyone can understand. [04:39.480 --> 04:43.960] And in doing so, hopefully increase adoption in this space, especially from businesses. [04:43.960 --> 04:49.000] So could you share some of the most compelling use cases of crypto payments in the current [04:49.000 --> 04:54.440] market, especially those that have made a significant impact on institutional investors, [04:54.440 --> 04:59.160] regulators and customers, et cetera, just to set the same for our conversation tonight? [05:00.040 --> 05:02.240] Yes, sure. [05:02.240 --> 05:13.320] You know, the thing is that crypto is still and as for today is mostly understood as an [05:13.320 --> 05:14.320] asset. [05:14.320 --> 05:21.040] It's something that you can trade and there were some large improvements on the market. [05:21.040 --> 05:31.200] We also saw the launch of a bunch of ETFs, which has a huge impact on the market where [05:31.200 --> 05:36.480] you can easily access to trading crypto. [05:36.480 --> 05:40.880] And this is all good, this big impact for the market. [05:40.880 --> 05:44.320] But we in the quarter is a bit on the other side. [05:44.320 --> 05:55.280] We believe in crypto being not an asset, but being a rattle for executing payments, some [05:55.280 --> 06:04.560] mean of payment, which you can use to transfer to store money, to settle some times to stake. [06:04.560 --> 06:14.400] And here it is still early dawn for crypto and using crypto's payment mechanism. [06:14.400 --> 06:21.440] But there are some obvious things where you can use crypto and it is already quite easy [06:21.440 --> 06:24.080] and useful and solves a lot of problems. [06:24.080 --> 06:28.680] So we're just one of the last examples. [06:28.680 --> 06:36.240] Me and my friends last year, we planned a trip to one of the festivals in the U.S. [06:36.240 --> 06:41.400] And we had the company from different parts of the world. [06:41.400 --> 06:49.160] So I'm from the UK, a few guys from Europe, a few guys from Middle East and a bunch of [06:49.160 --> 06:52.760] people from Asia. [06:52.760 --> 07:00.320] And well, some of the guys booked the hotel, some of the guys booked transfer tickets and [07:00.320 --> 07:01.320] so on. [07:01.320 --> 07:11.800] And finally, we needed to make a count and understand who should pay how much and finally [07:11.800 --> 07:13.200] settle it. [07:13.200 --> 07:20.000] So I'm a crypto and my first choice would be always crypto. [07:20.000 --> 07:28.120] But then I just waited for a few hours, a few days as the guys were chatting and trying [07:28.120 --> 07:34.000] out where you can send me here, you can send me there or yes, this is my bank details. [07:34.000 --> 07:39.240] Please send it to my bank account here or I don't know how to send or I have some questions [07:39.240 --> 07:40.240] from bank. [07:40.240 --> 07:49.000] And finally, after some time of condensation, if you give the guys said, why won't we settle [07:49.000 --> 07:51.280] it just in crypto? [07:51.280 --> 07:55.000] And well, you know, that was such a pleasure for me because I wanted to stay away, it's [07:55.000 --> 08:01.720] not to suggest because I'm a bit biased here. [08:01.720 --> 08:08.400] So everyone was happy, finally we did it in a few minutes and everything was settled. [08:08.400 --> 08:19.480] So this is a great example how you can make settlements in a cross border way so easily [08:19.480 --> 08:29.800] accessible, not only for individuals, but also for enterprises if you need to pay something [08:29.800 --> 08:37.400] to your counterparts and different continents, for example, from Europe to Southeast Asia [08:37.400 --> 08:39.640] or Latin America. [08:39.640 --> 08:44.720] So crypto can solve this issue and really help with that. [08:44.720 --> 08:51.960] And on top of that, well, the obvious use case is remittance, money remittance. [08:51.960 --> 08:59.880] So you have a bunch of options with usually high commissions because it's a kind of monopoly [08:59.880 --> 09:10.200] there, so not monopoly, but you watch players who do and the commissions are pretty high. [09:10.200 --> 09:18.880] But if your friend has an understanding how to deal with crypto, well, you have almost [09:18.880 --> 09:22.880] zero commission and you can ascend crypto immediately. [09:22.880 --> 09:26.600] So I guess those are obvious use cases. [09:26.600 --> 09:38.400] There are a bit more, so for example, in Africa, crypto can be really means of saving. [09:38.400 --> 09:40.360] So you can save with crypto. [09:40.360 --> 09:49.040] So because, well, currencies there are really fluctuated and it is interesting, but we are [09:49.040 --> 09:54.960] all used to think that crypto is fluctuating a lot. [09:54.960 --> 10:01.280] But if you compare it to some of the currencies, for example, in Africa, so crypto is way more [10:01.280 --> 10:09.040] stable, even Bitcoin, and crypto can be in some places a store of failure. [10:09.040 --> 10:17.200] So yes, there are some obvious things that we can use in Europe and in the US, or there [10:17.200 --> 10:22.400] are a lot more use cases that can be used in emerging markets. [10:22.400 --> 10:26.240] And I think you're talking about Africa, I think it's so important to highlight that [10:26.240 --> 10:30.880] there are 1.4 billion people around the world that are unbanked. [10:30.880 --> 10:34.120] They don't have access to a bank. [10:34.120 --> 10:39.400] So how do you see things like blockchain technology addressing these financial needs of these [10:39.400 --> 10:43.560] people that are ultimately locked out of the traditional banking system, so they can [10:43.560 --> 10:48.360] contribute to economic empowerment and unlock things like financial inclusion, because it [10:48.360 --> 10:51.960] feels like there's an exciting opportunity here and it's something we don't really [10:51.960 --> 10:55.200] talk about enough sometimes. [10:55.200 --> 10:57.360] Absolutely, absolutely. [10:57.360 --> 11:04.080] And I can provide you with example, sometimes I meet guys at some finance conference across [11:04.080 --> 11:11.600] Europe and some of the guys who are really banked, over banked, they say, well, who needs [11:11.600 --> 11:12.600] crypto? [11:12.600 --> 11:20.440] Well, you can do everything with your bank and well, they just don't feel this need for [11:20.440 --> 11:27.800] some tools for those who are really unbanked. [11:27.800 --> 11:36.680] And in Africa, for example, all across the world, the solution for those who are unbanked, [11:36.680 --> 11:39.880] the solution where you can easily access crypto. [11:39.880 --> 11:46.720] So with some crypto wallet or crypto wallet integrated to your app, which you use, I don't [11:46.720 --> 11:50.800] know, messenger app or some other apps. [11:50.800 --> 11:59.440] So that might be a really great case where we provide the solution, the tool. [11:59.440 --> 12:06.320] And with crypto itself, it is immediate solution to store money, to store the value. [12:06.320 --> 12:13.640] And well, obviously because I mentioned with Bitcoin or ETH, or for example, with stable [12:13.640 --> 12:20.520] coins, which are linked to USD, for example, this is a great solution. [12:20.520 --> 12:30.480] And as a next step, we need to deliver this connectivity to some of the rails, some of [12:30.480 --> 12:42.360] the payment rails where customers can transact, can buy using crypto or immediately send money [12:42.360 --> 12:44.480] to traditional fiat world. [12:44.480 --> 12:53.480] And building this breach is really important as a second step for providing solutions for [12:53.480 --> 12:57.880] this huge amount of unbanked people. [12:57.880 --> 13:03.160] You've also spoken in the past about the hybrid future of payments, combining DeFi and Neo [13:03.160 --> 13:04.160] banking. [13:04.160 --> 13:08.720] So can you elaborate on how that integration could also maybe transform the payment landscape [13:08.720 --> 13:09.720] to? [13:10.560 --> 13:17.920] Yes, you know, here in Mercurio, we believe that our next challenger bank would be crypto [13:17.920 --> 13:21.240] first challenger bank. [13:21.240 --> 13:29.600] We see a lot of now banks are being built as a traditional thing tech. [13:29.600 --> 13:39.680] But on the other side, we have a lot of great crypto apps, crypto wallets, which are very [13:39.680 --> 13:47.520] quite a lot more comprehensive solution to manage your crypto, to deal with that, to [13:47.520 --> 13:55.280] connect your wallets to different protocols, to swap crypto, to buy some and store NFTs, [13:55.280 --> 14:00.880] to participate in Web3 gaming, and a lot more use cases. [14:00.880 --> 14:08.720] And just in this ecosystem, there is already huge potential for growth. [14:08.720 --> 14:14.960] But it is, it is just today, it is just a separate thing. [14:14.960 --> 14:18.800] So well, you should move money there from your bank account. [14:18.800 --> 14:23.840] And when I chat with the people, they say, Oh, yeah, I'm going to, I'm going to exchange, [14:23.840 --> 14:24.840] I'm buying crypto there. [14:24.840 --> 14:31.160] Then I send it to the wallet or sometimes I buy crypto inside the wallet. [14:31.160 --> 14:35.360] But if I want to withdraw, I have to go somewhere else. [14:35.360 --> 14:46.280] And it is not something that should be in the solution, which we believe can add a lot [14:46.280 --> 14:47.800] of value. [14:47.800 --> 14:53.080] And as you mentioned, we don't believe that crypto will replace fiat, that there will [14:53.080 --> 14:59.520] be only crypto payments and you can forgive us about your incumbent banks, drop off all [14:59.520 --> 15:05.000] your bank cards and accesses to your bank accounts and leave happily with crypto. [15:05.000 --> 15:09.960] We believe that crypto will be together with Tia. [15:09.960 --> 15:13.720] And you will decide to which rails you wish to use. [15:13.720 --> 15:22.080] And if we're talking about DeFi and no banks, so you will see that in coming a few years, [15:22.080 --> 15:27.920] those crypto apps, just pure crypto have static solutions that we all know for today, [15:27.920 --> 15:38.800] the Wolf and they will become a full complete nail bank where you can have your bank account, [15:38.800 --> 15:45.920] your bank card, and you can easily spend crypto or buy crypto, the convert, send crypto. [15:45.920 --> 15:50.720] And it will be connected and interconnected with fiat. [15:50.720 --> 15:54.880] And you can always choose which rails you can use. [15:54.880 --> 15:58.480] And for any business leader that's listening to our conversation today, maybe we'll set [15:58.480 --> 16:01.720] up that light bulb moment and they want to get involved. [16:01.720 --> 16:05.520] But again, in Tibet, I get on where to start, what are some of the biggest challenges in [16:05.520 --> 16:08.080] implementing blockchain technology for payments? [16:08.080 --> 16:12.640] And how are you addressing some of these challenges? [16:12.640 --> 16:14.360] You're absolutely right. [16:15.360 --> 16:24.280] The old Wolfs who are outside this crypto industry, it seems like something sophisticated, [16:24.280 --> 16:31.240] something that you should spend a lot of time on understanding how it works. [16:31.240 --> 16:37.600] Well, if you're running a small enterprise, so it's usually your time. [16:37.600 --> 16:46.400] So if it is medium enterprise or your CF4 and other guys, well, they will have to spend [16:46.400 --> 16:48.760] a lot of time doing that. [16:48.760 --> 16:59.960] But you know, there are some things where we should spend some time and to understand how [16:59.960 --> 17:02.880] it works and to understand the basics. [17:02.880 --> 17:11.600] But the magic is there, if you use it once and use it usually where you have a difficulty. [17:11.600 --> 17:19.320] Because, well, you shouldn't compare crypto as a settlement and gene with traditional payments. [17:19.320 --> 17:25.560] For example, you're doing a domestic payment in the UK, it is easier to use faster payments [17:25.560 --> 17:29.240] and well, there is no obvious use case. [17:29.240 --> 17:36.280] But I know a lot of companies who, for example, they have out staffers in Africa. [17:36.280 --> 17:43.400] And when they do the payroll payments in Africa, they have huge difficulties with their incumbent [17:43.400 --> 17:51.920] banks and well, they have a lot of questions from the bank, sometimes the bank blocks the [17:51.920 --> 17:53.120] account. [17:53.120 --> 18:02.160] And if you, those guys are just saying, oh, I tried doing it to crypto and it was so easy [18:02.160 --> 18:03.640] so quick. [18:03.640 --> 18:10.360] And well, first we tried it like someone just bought the crypto and it was sent. [18:10.360 --> 18:16.360] But then we opened the corporate account for the entity bought crypto and sent it. [18:16.360 --> 18:22.280] And well, and then there was some work on the accounting side to understand how we booked crypto. [18:22.280 --> 18:30.240] But first it was like something difficult but came out but it is pretty straightforward. [18:30.240 --> 18:39.880] And so the list I'm just telling the combined a few stories that I personally know. [18:39.880 --> 18:44.320] So my suggestion is just try. [18:44.320 --> 18:47.760] Try there where you have difficulties. [18:48.760 --> 18:56.760] If everything works properly, so maybe crypto at the moment, it is not something you really [18:56.760 --> 19:00.560] need and you can spend a lot more time on other things. [19:00.560 --> 19:08.760] But if you or your finance team has some difficulties with making payments, especially as water [19:08.760 --> 19:16.320] payments, so well, I think crypto is something that you should try to investigate and dive [19:16.320 --> 19:17.320] deeper. [19:17.320 --> 19:23.360] A question I've got to ask as well because another area that businesses might be afraid [19:23.360 --> 19:25.480] of is regulations. [19:25.480 --> 19:29.320] So I had a varying global regulatory environments. [19:29.320 --> 19:35.160] How are they impacting the adoption and implementation of blockchain payments and what steps are [19:35.160 --> 19:42.640] you taking to help businesses or guide them through navigating some of these complexities? [19:42.640 --> 19:53.600] You know, you're absolutely right that there are some big changes in regulatory space and [19:53.600 --> 20:02.760] the market grows from just Wild West to really establish regulated market. [20:02.760 --> 20:09.440] And actually this is a good thing for customers, for the end users, for enterprises who wish [20:09.440 --> 20:11.120] to use crypto. [20:11.120 --> 20:21.240] There is a lot of additional work for providers who provide those customers with a solution [20:21.240 --> 20:23.880] to access crypto using fiat. [20:23.880 --> 20:30.720] So the providers like Mercurio, but inside Mercurio, we are pretty happy from the day one, we're [20:30.720 --> 20:39.840] a regulated company, we believe that crypto should be regulated and we believe that it would [20:39.840 --> 20:46.800] be a kind of regulation for electronic money institutions that we already have, not the [20:46.800 --> 20:54.360] same, but with some things that are really worse there. [20:54.360 --> 21:02.920] And we believe these are great moves when they are done in the way that there are some [21:02.920 --> 21:09.880] street regulations, but they are transparent and it is they are announced in advance. [21:09.880 --> 21:17.240] And companies, market participants, they have some time to prepare for that. [21:17.240 --> 21:18.240] It is good. [21:18.240 --> 21:19.480] It is the good trend. [21:19.480 --> 21:23.960] We believe in that sometimes it is done a bit different. [21:23.960 --> 21:33.560] So there are like big changes now, a few weeks before and it doesn't have market, but [21:33.560 --> 21:41.960] it also okay, it will just take some time, there might be some instructions, but ultimately [21:41.960 --> 21:50.640] those players who are ready who wish to have this under the skin, this desire to be compliant, [21:50.640 --> 21:57.120] they will manage to do it and it will help to provide more transparent solutions for the [21:57.120 --> 21:59.520] end user. [21:59.520 --> 22:05.640] And given your extensive experience in FinTech, have you seen the industry evolve over the [22:05.640 --> 22:11.360] last few years, particularly in terms of integrating new technologies like blockchain and cryptocurrencies [22:11.360 --> 22:15.600] and there's just so much going on in the FinTech space, now we're seeing AI and automata and [22:15.600 --> 22:16.600] etc. [22:16.600 --> 22:24.240] But what have you seen evolve more recently, is anything that excites you? [22:24.240 --> 22:32.360] You know, I think there were a few really large things. [22:32.360 --> 22:41.440] So we can see at card schemes, for instance, these are MasterCard. [22:41.440 --> 22:49.120] They are doing a lot in crypto space, so MasterCard invested, acquired a few companies, [22:49.120 --> 23:01.960] so custodial companies to execute forensic audits in crypto. [23:01.960 --> 23:08.200] They are quite bullish and for instance, some time ago there was an announcement that [23:08.200 --> 23:13.120] these plans to have settlements in stable coins. [23:13.120 --> 23:16.520] So there are big moves. [23:16.520 --> 23:26.200] On the others, as I mentioned, this crypto usage, crypto adoption as a settlement engine and [23:26.200 --> 23:34.440] other things, they are in the early dawn and it is great to see all large guys thinking [23:34.440 --> 23:36.280] about this investing in it. [23:36.280 --> 23:43.560] So the great example is also Revolut, they are working a lot from their crypto solution [23:43.560 --> 23:52.040] and now, well, I believe that in some time you will have a great crypto, wallet crypto [23:52.040 --> 23:59.640] solution inside Revolut and that will be a great competitor for crypto guys. [23:59.640 --> 24:11.280] But I think Revolut is still an exception for the market and we should have some time [24:11.280 --> 24:21.240] to wait and to see how players were investing and thinking about doing something crypto [24:21.240 --> 24:27.840] today, how they will execute it in the coming few years. [24:27.840 --> 24:32.280] It is an exciting time ahead and before I let you go, it is any advice that you would [24:32.280 --> 24:37.160] offer to any businesses or business leader listening to our conversation today, maybe [24:37.160 --> 24:42.760] they are looking to adopt blockchain technology for their own payment systems, any key factors [24:42.760 --> 24:46.760] that they should consider, any parting words for them? [24:46.760 --> 25:01.360] I think that the main thing is that don't have this former and just think where crypto [25:01.360 --> 25:09.960] can be really useful for you, find some pains and try to use crypto there. [25:09.960 --> 25:16.400] Because ultimately I believe there are a lot of hype previously about crypto and now it [25:16.400 --> 25:23.760] is about AI and both interests are really super interesting. [25:23.760 --> 25:31.080] But you should always have a use case and not just do it because others do it. [25:31.080 --> 25:40.280] You should try to find where it helps you, where crypto adoption provides you with sound [25:40.440 --> 25:49.920] efficiency in terms of the speed of executing payments over the cost of payments. [25:49.920 --> 25:56.360] And if you have this use case, you would love to use crypto. [25:56.360 --> 26:09.560] So this is the basic thing and the second thing you should always find a good partner [26:09.560 --> 26:18.240] for executing this when you understand how to use your crypto and, well, you're here [26:18.240 --> 26:25.560] to do one of the good bodies to help you with your first crypto adoption. [26:25.560 --> 26:26.560] Fantastic advice. [26:26.560 --> 26:31.000] And for anyone listening, just want to find out more information about anything we talked [26:31.000 --> 26:35.280] about today, maybe they want to just find out more about the work you're doing, contact [26:35.280 --> 26:37.640] your team, even join your community. [26:37.640 --> 26:40.040] How do you like to point everyone listening to that? [26:40.040 --> 26:44.880] Well, you are always welcome to visit our website. [26:44.880 --> 26:53.280] So we try to publish all the updates, all the insights that we have there in subscribe to [26:53.280 --> 26:56.040] our newsletter. [26:56.040 --> 27:05.520] And, well, we are always welcome to share and share some useful things. [27:05.520 --> 27:12.160] And what is really might be interesting. [27:12.160 --> 27:19.480] So we, you know, last year we made our first try, we organized our all conference. [27:19.480 --> 27:25.200] And that was a really great conference with a lot of product guys with a lot of product [27:25.200 --> 27:27.840] insights on crypto. [27:27.840 --> 27:32.240] And this year, we will do the second attempt. [27:32.240 --> 27:35.480] So the first one was a huge success. [27:35.480 --> 27:41.440] I hope that we will continue in the same way this year. [27:41.440 --> 27:50.200] And we are always welcome to join our big time summit 2024. [27:50.200 --> 27:51.200] Excellent. [27:51.200 --> 27:57.240] In times I'll get links added to all those things so people can find you nice and easily, including [27:57.240 --> 27:58.240] the summit. [27:58.240 --> 28:01.240] And so much I've loved about our conversation today. [28:01.240 --> 28:05.120] But I just kind of thank you enough for taking the time to sit down with me, talking about [28:05.120 --> 28:09.320] this stuff in a language that everyone can understand, sharing your expertise and insights [28:09.320 --> 28:14.240] on the implementation of blockchain technology and payments, but also exploring the hybrid [28:14.240 --> 28:20.120] future of payments and combining the potential with DeFi with neo banking and so much more. [28:20.120 --> 28:23.520] But just thank you for your time today and sharing your story. [28:23.520 --> 28:24.520] Thank you. [28:24.520 --> 28:28.320] Thanks a lot for inviting me. [28:28.320 --> 28:32.520] I think having spoken with Peter there, it's clear that the future of payments, it feels [28:32.520 --> 28:39.840] like it's on the cusp of a significant transformation and Peter's expertise and vision for a world [28:39.840 --> 28:44.720] where blockchain technology integrates seamlessly with traditional financial systems. [28:44.720 --> 28:51.240] I think it offers a glimpse into a more inclusive and efficient financial ecosystem. [28:51.240 --> 28:55.920] But the challenges and opportunities of implementing crypto payments, as well as navigating [28:55.920 --> 29:01.280] the evolving regulatory landscape, they, of course, also present a complex yet exciting [29:01.280 --> 29:02.280] frontier. [29:02.280 --> 29:07.720] But again, leaves me thinking, how are businesses and consumers adapt to that hybrid future of [29:07.720 --> 29:08.880] payments? [29:08.880 --> 29:11.880] What role will they play in shaping it? [29:11.880 --> 29:14.840] Well, this is where I'd love to hear your thoughts on this evolving landscape. [29:14.840 --> 29:16.120] You've heard from me today. [29:16.120 --> 29:17.800] You've heard from Peter. [29:17.800 --> 29:22.800] Now I want you to share your perspectives and join me in helping envision and shape a [29:22.880 --> 29:27.880] future where financial empowerment could be accessible to all. [29:27.880 --> 29:31.560] And yeah, you may say I'm a dreamer, but I'm not the only one. [29:31.560 --> 29:36.640] Email me techblogrietooutlook.com, Twitter, LinkedIn, Instagram, just at Neil Seacuse. [29:36.640 --> 29:40.760] Other than that, I'll be back bright and early tomorrow morning with another guess. [29:40.760 --> 29:46.160] So thank you for listening today though, and until next time, don't be a stranger. Transcription results written to '/home/forge/transcribe2.sonicengage.com/releases/20240210005726' directory