769: Do This To Use Your Crypto Coins to Shop At Walmart

0.031 - 22.229 Nathan Latka

He is the founder of Uquid, which makes it very easy for you to take any token you have, be it Bitcoin, Ethereum, Litecoin, Ripple, anything else, put it onto basically a virtual Uquid wallet, and then either spend that via mobile purchases or put that money on a debit card that they will send you. They did a million dollars in transaction volume last year in 2016.

22.549 - 45.85 Nathan Latka

So far in 2017, they've passed $3 million in transaction volume. And he thinks next month, he'll do about a million just in the single month. He's doing about $50,000 per month in revenue based off that transaction volume. This is The Top, where I interview entrepreneurs who are number one or number two in their industry in terms of revenue or customer base.

45.83 - 55.674 Nathan Latka

You'll learn how much revenue they're making, what their marketing funnel looks like, and how many customers they have. I'm now at $20,000 per talk. Five and six million.

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He is hell-bent on global domination. We just broke our 100,000-unit soul mark. And I'm your host, Nathan Latka. Many of you listening right now don't have time to listen to every B2B SaaS CEO that I've interviewed.

68.943 - 84.873 Nathan Latka

If you want to get access to the database I've created with year-over-year growth rates, customer accounts, margins, and many, many other data metrics and data points, you can go to getlatka.com. Here's the thing though, this database, I keep it to myself. It's so freaking valuable.

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And to preserve the quality of the data and make sure that the people that have access to it have a true advantage, I'm only letting 10 companies on each month. So we're full this month, but you can go to getlatka.com to get on the waiting list for next month.

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And look, there's big people on the waiting list. I mean, the biggest VCs you've ever heard of. You've probably heard of them. They're big, private equity, billions and billions under management. So it's an impressive waiting list. Go get on now at getlatka.com. This is episode 769. Coming up tomorrow morning, you're going to learn from Sergey Shalom.

114.654 - 123.226 Nathan Latka

He had launched the third largest ICO ever in the crypto world with $53 million raised. Tune in to find out how he drove that much demand.

123.406 - 146.61 Nathan Latka

And does he actually get that $50 million personally? Tune in to understand and find out. Hello, everybody. My guest today is Tran Hung. He is one of the founders of Uquid, which is the world's first service offer altcoins debit card solutions for cryptocurrency holders. They currently support over 79 of the biggest coins, including Bitcoin, Ethereum, Litecoin, Ripple, and many, many more.

146.59 - 164.693 Nathan Latka

They also offer worldwide mobile recharge, supported in 450 countries, bundles, bill payment service, grocery vouchers, pharmacy vouchers, pin list calling, transportation tickets, among many, many others. We'll jump into what all that means with Tran. Tran, are you ready to take us to the top? Yeah, yeah.

164.714 - 171.082 Nathan Latka

Okay. So this is a mouthful, okay? It's a lot going on here. So break this down and make it simple for my listeners. What is Uquid?

172.704 - 197.64 Tran Hung

Oh, okay. So basically, Uquid is... We are an ecosystem for cryptocurrency. Firstly, we issue debit card for Uncoin and 79, as you know, 79 cryptocurrency we already support in our system. So our customer can get all the plastic card or the vital card with the Visa logo and spend for online or withdraw money.

197.89 - 206.279 Nathan Latka

So you're issuing, Tran, if I break this down, you're issuing a debit card that people can use that is supported by cryptocurrencies.

206.7 - 215.91 Tran Hung

Yeah, it supports the customer can loading with cryptocurrency, loading money and spending to shopping or withdraw money at ATM.

216.43 - 222.837 Nathan Latka

Okay. And so how does this work? Let's say, first off, if I want to get one of your cards, where do I go to get one?

262.792 - 267.764 Nathan Latka

Got it. It's like a train ticket or a metro ticket. You can keep reloading it after you get it.

267.784 - 274.079 Tran Hung

Yeah, yeah, yeah. That's right. So every time you want money, you have to reloading money into the car. Okay.

274.38 - 291.982 Nathan Latka

So let's say I have a thousand bitcoins. And I go on to Youquid right now and I say, I want you to give me a debit card and put money on it from these 1,000 coins. Are you looking at the real-time value of the coin and then you're translating 1,000?

292.002 - 299.91 Nathan Latka

So if it's 200 bucks and I have 1,000 coins, you're going to basically take 1,000 coins times 200 and that's the amount of United States dollars you'll put on my debit card?

300.871 - 322.279 Tran Hung

Yeah, actually, we just took only 0.5. When... Let me explain. You have two steps. Firstly, you have to put money in the illiquid wallet. In this step, you're using your Bitcoin deposit in the illiquid wallet. We're not charging any fee. We're using your market price, so you're putting it totally free. But when you have money in the illiquid wallet,

322.259 - 326.628 Tran Hung

If you want to look in the card, we charge you 0.5% for charging fee.