Bob Baga

Yeah.

So we have a community of businesses that are all are able to buy and sell amongst each other.

And rather than using us dollars, they use biz X currency biz X dollars.

Why would they do that?

The reason why they do that is that they're saving cash.

And so, uh, you might have a restaurant tour.

He needs $10,000 of the plumbing.

He has a choice.

He can write a check or he can pay for it with $10,000 worth of new food sales.

And so for him, it's only costing him his incremental cost, which is about 30 cents on the dollar.

And so based on an average incremental cost of about 50%, that's $700 million in transactions represents about $300 million in actual cash saved to our members.

Well, bartering is interesting.

Bartering is you and me.

There's two people one to one.

And the problem with bartering is that you both have to have what each other want at the same time.

How do you keep track of it all?

How do you invoice it, take care of taxes?

And what happens if one guy...

you know, screws you on the other end or flakes out.

With this, it's actually what we've done is taken all the benefits, the economic benefits of barter and created a liquid currency.