Ammer - Web3 Payment Solutions

[Music] I'm gonna show you how a real World Adoption of stablecoin payments can look like um I'll briefly guide you from what they've built and then we'll do some demos directly with a harder wallet and the point of sales so um I don't know how many of you are actually into payments or know how traditional payment forms works but that how it actually looks like so without going into the details you can see that this is a complete mess you have a lot of intermediation between just to settle the amount between person a and Merchant b or just between two persons the question is doesn't has to be that way do we have to use that much to Media risk in 2021 or 2022 2023 if they're giving about more traditional way to pay in cash cash is always directed from person a to the merchant person B Etc so um that's was one of our core rationale when we started to build our uh P2P payment Network right and if you think about uh what Bitcoin was about is actually about P2P electronic cash system right so that's a different world that we want to build in a world when transaction can happen from wallet to a wallet without anti-intimitaries on chain in order to achieve that it requires quite a lot so you need to build wallets for consumers that they use it to use you need to build well for Enterprises that uh will work according to their needs and regulations uh you basically need Point of Sales devices for the merchants and you need uh of course uh uh online payments as well um we started with a hardware wallet that a lot of people know as Amma cards so that's a hardware wallet it looks like a credit card it feels like a credit card but it's not a credit card it's actually a hardware wallet um so it uses NFC and the secure mechanism of a chip to send transactions on the point of sales obviously you can use it together with a wallet to see the balances etc etc etc and you can pay with it on the POS device which can be either a regular POS device that is powered by Android or a smart tone so actually you can accept crypto payments on every smart tone and without not going a lot into the detail I will now show you how the transaction should look like from a user perspective so may you have a volunteer to try it out let's just uh see how easy it is for a person who just walked into the all right so okay here we go here's a POS device right uh so let's go for example and uh sell me an orange juice yeah you can also use it with Visa Mastercard and now we're going to play and sell our dollars for example press pay I just tap and basically that's it where I'd pay with seller euros a tab and then I have to enter the Picard pin so now you give me the POs to me I enter the card pin then hold a bit and then it signs a transaction generated by the POS device so it prints the receipt you can check the receipt so this was cello right and I paid and sell a Euro the stablecoin Sello but we are multi-chain so we can actually settle across ethereum Bitcoin polygon uh arbitrum whatever and uh yeah and just to in order to to to to check because like since we're in web 3 don't trust verify you can scan the color code and then you will see the transaction on chain you can even check the transaction hash in the receipt and uh with some help I will actually able to show you the transaction real time just let me see if we can do that here okay here we go so this is an Explorer of the cello scan for example and uh so that's the transaction we just did literally a few seconds ago so what happened uh we also support non-edm compatible chains as well right so I think we're now we can settle across 15 protocols and what just happened with what looked like a credit card payment I basically paid from my wallet non-custodial one to the non-custodial wallet of the merchant right on chain without this a MasterCard behind without no banks behind directly P2P um if you're Android User I have another cool feature for you that you could do and maybe I will need another volunteer uh come over just yeah I'll take my Android phone and uh then we're gonna play another game of the merchant so here we go so this is the POS device right and you have several possibilities you can either just accept whatever all sorts of coins and we can also launch custom coins for example a stable Summit a token that we created just for this demo right but you can also pay on all sorts of chains that you want to right so for example let's be in the stable Summit tokens all right and you just add to the amount tap a and then I take my Android phone unblock it obviously just hold it and sign it with my phone so I just paid on chain from my phone similar to Google Apple pay whatever right right and the thing is you can actually come because we're on chain you can combine it with all sorts of Loyalty Rewards and engagement tools so for example every time I pay I can receive an entity as a reward or I can receive some Merchant tokens as a cashback right they can spend with it with the merchant obviously right and the same way I can buy tokens or whatever I can also you know Buy nfts so again if we use the example with the cards and again you know we are in this sort of uh that's that's your transaction here directly on chain right [Laughter] yeah yeah I mean again if you would be if you would be uh the merchant right so for example we can set up a booth for coffee or drinks or whatever like finger food so basically here you can customize it and then you say okay you pay with the stable assignment tokens there are one one to one link to Dollar so it's sort of a local stable car here you go [Laughter] right but that's how it looked like it should look like right that's the experience that we want as a consumers and and the thing is you know I literally tried it out with my two-year-old son and my 92 year old grandfather both of them had no idea what blockchain is what web3 is so whatever both of them could transact because you can even set the what I did right now you can set a threshold that for example below 40 bucks or whatever you don't require a PIN to sign at the point of sales right or it's it's on the user always say every transaction has to be signed with a pin so for example if you have to sign up with a pin then you attach the card that sees that okay there's a transaction about the threshold so enter the pin and then tap again so this is like as close as it gets to credit card payment but it's it's a non-custrial wallet yeah it can be wide label I show your card so look yeah Community Building possibilities yes yes exactly exactly so so exactly exactly and you can be your own uh like POS provider Etc so you don't even need this specific device you can just enable every smartphone with NFC as a POS you accept an Android you can accept it on on uh you know iPhone Etc [Laughter] so even if he reads the number right he can read it all the way you can post it online because it's a cold wallet so no one can actually withdraw funds from it without the card the PIN code and you manually sign in the transaction so right so there are there are no chargebacks in a way because you know it's impossible you have actually have the the physical card you have to have the PIN code and you have to manually sign it in the app even if you just have the PIN code it doesn't matter because you don't have the card so you have to have all of it so it's actually more secure than a credit card in many ways [Laughter] I mean I'll I'll show you and and again so we make this uh we just minted you know the token literally like we I contacted you two days ago right so within the short time frame we created the token created the cart and within minutes it it became available on the wall is under the point of sales so you can actually create Community occurrences on the Fly and you know make it available across entire infrastructure and on top of that um you can also connect your cold wallet to Telegram and then send crypto through telegram signing by the cold wallet right this is like [Laughter] and there is there is another feature that we use a lot because I pay a lot of my developers in crypto so that's how we started the first I sent crypto to the wallet addresses uh then I said okay let's just connect with the telegram it so it it will be easier for me because I will know whom I'm sending and then the third option but I still like I have quite a decent team so you know doing this one by one I just so now you can just send me a request right I look at the request I confirm it sign it with my card and then it goes out right so it's like simplifies the full flow I mean I I do agree that I I I'm a bit lazy on that but you know it it should be simple right yeah cool yeah yeah and so Merchants need to be using yeah need matches need to have the so we also we also uh because physical cards is cool is a form factor right and obviously for Branding as well uh but of course it's it's sort of issue with distribution right so what you can also do you can create a virtual card on your smartphone when the private key stored on your smartphone and then you just download the app you're ready to go so in fact we actually even provided you a created your referral link I'll show you in a bit but everyone who will download uh the card they will have the stable Summit branding on it and yeah so this is another tool for your community and one of one of the use cases that we have so um we're Swiss based um and there is a sort of uh co-working space in Zurich and they use our infrastructure for payments for sort of the community currency for you can book conference rooms you can buy coffee you can buy a hot desk etc etc right and um because they also started to throw parties they also use this card as a membership club like membership card for them so everyone has to download the wallet and then they walk in and on the sort of you know that's their Community yeah we could have done it for after 20 drinks yeah I mean if I knew about the summit two weeks ago I would definitely but again that's I think you know the speed is that's how I'm quickly where three can be and probably should be like it shouldn't take more than a day or two to to onboard you it will be impossible to do the same in a traditional Financial world like Visa Mastercard like will take weeks or if not months to go through the full flow right okay yeah welcome so uh that's the thing so the card is very um it's volume based right so um let's say if we start on the like on the B2B side uh on the smaller scale it will be sort of like probably around 25 bucks per cart if you go bigger because all the so this cars is fully compatible with traditional banking infrastructure so in fact this is actually EMB certified card so we can put Visa Mastercard tablet on it and use both of them right um and because of that you can use traditional sort of cart manufacturers and then you can go as down as like five dollars or cut Etc et cetera so this is something that we'll look for to to to make it accessible for everyone so everyone could have a hardware wallet and literally you can then onboard the entire communities where you whatever like the unbanked communities but also you know on the engagement entertainment side you know just cool if you have your membership card you can you can store your nfts there you can you know all of that you can use it for perhaps so there are like plenty variety of use cases yeah all right yeah I mean uh you don't have one right all right all right so you have ones okay so uh I'll give couple to the guys definitely you should you should try it out and yeah yeah yeah yeah the one is not I have only one that a stable Summit branded this time uh but I'll give you the Satoshi one and I'll give you yeah yeah that's the I think there should be more satoshi's in the world so uh yeah I'll give you the Satoshi yeah all right yeah uh I think there are no more questions in case of but then yeah okay