769: Do This To Use Your Crypto Coins to Shop At Walmart
Tran Hung. He\u2019s one of the founders of Uquid which is the world\u2019s first service offering debit card solutions for cryptocurrency holders. They currently support 79 of the biggest digi-coins including bitcoin, ethereum, litecoin, ripple, etc. They also offer worldwide mobile recharge support, bills payment services, grocery and pharmacy vouchers, ticketing services, and many other benefits.
Famous Five:
- Favorite Book? \u2013 Secrets of Building Multi-Million Dollar Businesses by Adam Khoo
- What CEO do you follow? \u2013 Richard Branson
- Favorite online tool? \u2014 Google Translate
- How many hours of sleep do you get?\u2014 6-7
- If you could let your 20-year old self, know one thing, what would it be? \u2013 Tran wished he would have started studying code earlier
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Time Stamped Show Notes:
- 03:00 \u2013 Uquid is a debit card for 79 cryptocurrencies
- 03:10 \u2013 Customers can get the physical card with a Visa logo that they can use to withdraw money
- 03:28 \u2013 The card can be loaded with cryptocurrencies
- 03:43 \u2013 Before getting the card, you need to have cryptocurrency
- 03:49 \u2013 Signup at Uquid\u2019s website to get a card
- 04:04 \u2013 There\u2019s a fee of $1 for 1 virtual card but you need the physical card to use in ATMs which is $16
- 04:20 \u2013 After getting the card, you can reload it anytime you want with cryptocurrency
- 05:10 \u2013 Uquid is using the market price of cryptocurrency
- 05:42 \u2013 Uquid takes 0.5% of everything spent using the card
- 05:53 \u2013 If Nathan spent $100 on groceries using the card Uquid will take .50\u20b5
- 07:34 \u2013 Last year, customers spent $1.6M in total transaction volume
- 08:09 \u2013 Uquid is growing fast in 2017
- 08:30 \u2013 In July, Uquid processed $900K in total transaction volume
- 08:50 \u2013 Uquid has already passed $3M total transaction volume on the first half of 2017
- 10:45 \u2013 The process of exchanging bitcoin to other currencies was complicated
- 11:19 \u2013 Uquid is doing $5K a month in service charges
- 11:30 \u2013 Uquid also offers other services where they charge 10-15%
- 12:05 \u2013 Uquid charges 3% from the vouchers
- 12:20 \u2013 In May, Tran thinks they\u2019ll make around $50K in total transaction charges
- 12:58 \u2013 Team size is 5 and they\u2019re based in UK
- 13;15 \u2013 Uquid is planning to release their own token
- 13:29 \u2013 Tran is looking to raise $4-5M
- 13:44 \u2013 Tran is thinking of selling 15% of Uquid to be able to raise $4M
- 14:35 \u2013 The Famous Five
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3 Key Points:
- The market for cryptocurrencies is rapidly expanding.
- People are now finding more and more ways to mine coins.
- No matter what service you use, the charges can differ drastically depending on the type of transaction you\u2019re engaging in.
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Resources Mentioned:
- Simplero \u2013 The easiest way to launch your own membership course like the big influencers do but at 1/10th the cost.
- The Top Inbox \u2013 The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences
- GetLatka - Database of all B2B SaaS companies who have been on my show including their revenue, CAC, churn, ARPU and more
- Klipfolio \u2013 Track your business performance across all departments for FREE
- Hotjar \u2013 Nathan uses Hotjar to track what you\u2019re doing on this site. He gets a video of each user visit like where they clicked and scrolled to make the site a better experience
- Acuity Scheduling \u2013 Nathan uses Acuity to schedule his podcast interviews and appointments
- Host Gator\u2013 The site Nathan uses to buy his domain names and hosting for the cheapest price possible
- Audible\u2013 Nathan uses Audible when he\u2019s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books
Show Notes provided by Mallard Creatives