Kevin Hurley

And actually, that's a huge advantage that we have is that we can use our capital extremely efficiently and not need to lock up a ton of money in individual channels.

And actually, that's a huge advantage that we have is that we can use our capital extremely efficiently and not need to lock up a ton of money in individual channels.

And actually, that's a huge advantage that we have is that we can use our capital extremely efficiently and not need to lock up a ton of money in individual channels.

I think initially it was really how do we get something that we feel like the exchanges and others that haven't integrated to Lightning, how do we get something that they can easily do that and they can start to see the value of Lightning?

I think initially it was really how do we get something that we feel like the exchanges and others that haven't integrated to Lightning, how do we get something that they can easily do that and they can start to see the value of Lightning?

I think initially it was really how do we get something that we feel like the exchanges and others that haven't integrated to Lightning, how do we get something that they can easily do that and they can start to see the value of Lightning?

A lot of them, when we had talked to them initially, we tried to find out why weren't they using Lightning or if they were, why had they backed away from it at some point? It was a very common refrain that it was just too complex.

A lot of them, when we had talked to them initially, we tried to find out why weren't they using Lightning or if they were, why had they backed away from it at some point? It was a very common refrain that it was just too complex.

A lot of them, when we had talked to them initially, we tried to find out why weren't they using Lightning or if they were, why had they backed away from it at some point? It was a very common refrain that it was just too complex.

So that was our first starting point, was just how do you simplify that, making this something that you can integrate with a Stripe-like interface, where Stripe always used to advertise integrating 100 lines of code or 10 lines of code or whatever it was. We wanted to do something very similar. It won't take long to integrate. You can add support. You can start to see some real usage.

So that was our first starting point, was just how do you simplify that, making this something that you can integrate with a Stripe-like interface, where Stripe always used to advertise integrating 100 lines of code or 10 lines of code or whatever it was. We wanted to do something very similar. It won't take long to integrate. You can add support. You can start to see some real usage.

So that was our first starting point, was just how do you simplify that, making this something that you can integrate with a Stripe-like interface, where Stripe always used to advertise integrating 100 lines of code or 10 lines of code or whatever it was. We wanted to do something very similar. It won't take long to integrate. You can add support. You can start to see some real usage.

And from there, we want to build real-world use cases on top of it. And I think that's where it becomes a much harder problem is trying to find exactly what those use cases will be that will really catch on.

And from there, we want to build real-world use cases on top of it. And I think that's where it becomes a much harder problem is trying to find exactly what those use cases will be that will really catch on.

And from there, we want to build real-world use cases on top of it. And I think that's where it becomes a much harder problem is trying to find exactly what those use cases will be that will really catch on.

I think for us, it's really been how do we make money move more easily and fluidly and bring use cases that customers have today that can be made better by a solution that works all the time and is extremely low cost. As an example, we recently launched Universal Money Addresses, or UMA.

I think for us, it's really been how do we make money move more easily and fluidly and bring use cases that customers have today that can be made better by a solution that works all the time and is extremely low cost. As an example, we recently launched Universal Money Addresses, or UMA.

I think for us, it's really been how do we make money move more easily and fluidly and bring use cases that customers have today that can be made better by a solution that works all the time and is extremely low cost. As an example, we recently launched Universal Money Addresses, or UMA.

For a bit of context, to step back just a moment, there are a lot of real-time domestic rails, things like UPI, PIX, or SPAY, that are instant bank rails within certain countries. So for those that I mentioned, it was like India, Brazil, Mexico, but those are largely disconnected from each other. So actually like our friends at NewBank describe it really well, UMA is a global PIX.

For a bit of context, to step back just a moment, there are a lot of real-time domestic rails, things like UPI, PIX, or SPAY, that are instant bank rails within certain countries. So for those that I mentioned, it was like India, Brazil, Mexico, but those are largely disconnected from each other. So actually like our friends at NewBank describe it really well, UMA is a global PIX.