Illia Polosukhin

We have, as I said, about 50 million users monthly.

Everything from loyalty, payments, micropayments, remittances.

We have this project called Abound.

They have Indians in US sending money to their family in India who then spend them in the stores.

All of that is done on NIR.

They're all using it without actually knowing they're using NIR.

But like

The transfer, you know, takes like fraction of a second and cost fraction of a cent.

So those are kind of things that like blockchains can deliver.

And it's, you know, this is all live.

This has been like battle tested for four plus years, almost five, like in a month.

And then... Happy early birthday.

Yeah.

Thanks.

And so, and kind of the coordination of like GPUs, payments to the model providers, to GPU providers, like all of that, you know, effectively just becomes, you know, a set of applications on top of this blockchain to really coordinate this.

uh that happens kind of programmatically then and so you can that's how that makes it so it's possible for you to do that where other people couldn't do that exactly yeah yeah and like if if you try to do this without blockchain you effectively like like now everybody needs to come to you and you you become the kind of gatekeeper and coordinator and you kind of then you might like why am i doing this why don't i just you know do it all myself and so you kind of

And you're managing a nightmare ledger of some sort.

Yeah.

Or you end up building a ledger internally, right?

Yes, so this is kind of, now that we have this infrastructure, which is like, we have identity, we have payments, we have marketplaces, effectively, that are global.