Stefano di Primio - From Wallet to World: Unlocking Crypto Spendability in a Decentralized Future

talk. David de Gauo, Stephano de Premier from Bridgegy. Crypto is more than a store of value. It should be spendable. Stephano presents Brig the centralized wallet solution that allows users to top up a physical or virtual card directly from their alcoets.

The session going to explore how this approach reduces reliance on centralized exchanges, boosts real world usability and brings us closer to true financial sovereignty. The stage is all yours.

Thank you, Olga. Hello everybody. Welcome here. So, uh I hope you're pretty cold fresh. Yes.

Okay. We know this bit hot but uh probably like it's the last session. So after that we are done. I would like to introduce myself. I'm Stephan Demreo.

I'm 28 years old. I'm from Italy. Uh just from abut pascara but I was born there and uh actually I was I used to live there until I was 18 years old. I came from as a prof professional swimmer. So I used to swim in the past and traveled the world thanks to the swimming and then guys I fell in love with the blockchain technologies 2016.

So I came in on board and to the bitcoin uh basically uh words as you can say and uh fell in love with the tech uh at the end of uh was it like uh beginning 16. So we started to travel all around the world uh Europe, US and I spent over five years almost in the USA. Uh just get back uh just two years ago here in Europe. So um I will we're going to talk about what we are doing now with Bridge that is one for us that the uh huge product that we're going to launch in the market. At the moment we already live in Italy but soon we're going to be live all around the world.

So I would like just to give a few ideas of what we are building but I want to have one step back. So if if you if you think about cryptocurrency right and if we go back to 2009 2010 when first uh basically crypto that was made about bitcoin uh the main reason about cryptocurrency just to have a trustless and permissionless uh money that we can use on our everyday life. So before to have like a story of value before to have uh all those protocols that we have nowadays the main reason it was just to create a decentralized asset that without banks without intermediate uh different intermediary we can use it so I can go everywhere basically I can use value to purchase something a product a service or make a transaction and the problem that we uh we've got in the past years was about the all the centralized world that was taking over uh this uh basically original idea and I guess everybody knows about and we got FTX or many other uh experiences that was the main uh the main problem the main issue uh just to use centralized assets centralized exchanges to maybe like store the value of our crypto but even to use the crypto. So uh this is why bridge came on board and came uh live where we want to create a way of people they can keep still have they own chain uh wallets onchain assets but they want to have a card just to use them to purchase services products and make uh transaction fee transaction and if you think about the numbers okay I want to show you a few numbers uh uh that we're going to have in this speech all done okay So numbers that uh uh we uh we got that if you think about I don't know if you have any ideas or how many transactions per day we are you we are doing using Visa, Mastercard, Union Pay all over this some ideas we're talking not millions of transaction we're talking about over two billion transaction per day. So we are talking about big numbers like uh in term of value every day we have over 200 billion guys uh dollars that they are moving around and we are spending because right I guess today you took a taxi to come here I guess you you bought a coffee for a breakfast and use everyday money right so now what we want to what's our challenge just to give you the possibility to use crypto to for these transactions and not use crypto only to store the value and to partic participate in what's will be the next protocol, what will be will be the next tech, but to use really crypto in our everyday life.

How we did this? We did thanks to uh our amazing team. We've been working over two years uh to create decentralized wallets that you will see uh in in just in a few minutes. And if you think about all the DeFi apps like the centralized wallets that we have like Metamas or Trust Wallet, I guess you know those wallets, right? So thinking about how much is the how many users they use for example MetaMask.

MetaMask at the moment uh uh they have like over 100 million around uh users active users talking about 30 million monthly active users. uh but there's one problem that if I want to go and pay for a coffee I need to use anyway centralized uh exchanges and I cannot just like a tap to pay and then uh pay with my card right and rather rather uh the merchant side can accept crypto right so means that uh how we can improve all of these spendabilities is why bridge guys came on board and uh basically we positioned ourself not not only on the user side but as well on the merchant side. So I want to show you uh the main uh the main concept for bridgey as one of the the platform where we are with the bridge mobile. I will give it my the stage to my buddy I call because uh it's my bro and we've been working together a long time and he's the guy that's behind and with working with the tech team uh organizing all the ads for bridging.

Thank you very much Stephano. Thank you. So okay guys so I don't use to speak on stage many times so sorry in advance for yes and this very beautiful environment we are here so uh bricky mobile app is something that want to be disruptive in this market uh that's because we don't want to build the just an wallet that it's out there you know there is trust wallet metam mask there are way many wallets uh creating day by day and uh we don't want to put ourself in that market. We want to do one step uh ahead. So uh we want to create a solution that uh not only uh we provide a bridge wallet but we allow any person that have any wallet that uh can use wallet connect as an extension to use uh our solution to pay wherever to pay a pizza to pay a coffee uh without have to move their funds to uh centralized exchange or to change uh wallets or whatever you can keep your wallet and this is very cool about bridge.

So uh we really put a lot of effort into creating a very clear design so that uh even people that are not into into crypto you know it's very hard for them seed phrase uh what is the seed phrase there are these 24 words I don't understand if I lose them I lose all my money and so it's very confusing for people that um access to access the centralized finance in general uh indeed for this as you can read from the slide before uh we use uh MPC technology. I don't know if uh uh someone knows what is MPC but it's something very cool because uh even people that are struggling into understanding what is a seat phrase or how to secure the the centralized wallet this is an easy and most secure way to to proceed in this market. Why? Because an NPC wallet allow you to have three keys. So basically, if someone come to me and steal one of these keys, they still cannot access my my funds and they're still in my custo custody.

And this is uh very interesting that um as a technology on the the centralized wallet is still not uh yet implemented and widely spread. But this allow bridgey bridgey wallet to be very secure and very um user friendly user friendly to the wide public. We can see here uh what a few function that are now uh have been went out from the beta testing of uh few months of uh publishing this app uh which is of course we can uh uh import any wallet that we have. So MetaMask trust wallet as I was saying before swapping but most importantly paying how does the paying works. So basically when we register and we import our wallet then we can access and uh uh just request a physical card or virtual card.

What happened there? It happened that when I want to spend, so when I go to a merchant, I want to spend my pizza uh with my car to pay my pizza. Uh a transaction is triggered over the chain and uh in less than 3 seconds uh my funds are ready in the Visa or Mastercard circuit to to arrive to the merchant. So the merchant is happy because they still receive euro. uh then we'll show you even a solution later that we look forward to but but there are many merchant that you know can I do you accept bitcoin and they say no so we can pay uh currently in EVM chains and um so the cryptocards uh solution it's easy it's fast it's instant and uh allow many people today uh to pay without giving up their their keys and their custody.

Then I would uh give microphone back to Stephano that we show you something very interesting from the merchant side which I think is uh not present in the market yet and we can look forward to thank you. So uh just going guys uh before word about uh what's the next right so what we want to do we don't want to have a product only user side so user based but we want to have a product as well for a merchant out there because our main goal is just to not only just say okay well we created one of the payment solution business that there are many out there but I want really to improve and to help the crypto communities to just to start to let them merchant understand that they can start to use and receive crypto as a normal currency, right? But how there how many activities, how many merchants they can already receive crypto crypto to crypto actually they can but not so many, right? So main reason it's about probably accounting stuff right because we have different laws for yes we talk about Europe but in a European market as well we know that each state has their own uh basically laws about capital gain about how you want you need to manage what's basically uh are like the uh how you you're going to just to store the value that you are receiving and this is the biggest uh challenge that we need to face of second biggest challenge as is about the difference of the currencies that we have. We know that at the moment we have a kind of like a sovereignity about like US dollar on the digital side because everybody using stable coins on peg basically pegged to US dollar right think about USDC, USD uh USDT, USDF, you know there there are so many out there and uh if you think about that we are in Europe.

So we even need to understand the different of the uh the difference that we have uh based on the currencies. So what we are building and what we believe guys next step is called bridging merchants. So we built a software where uh inside the allin-one we provide a solution that can be connected to the cashier directly of the merchant where when I go to pay a coffee or restaurant or whatever I can have the opportunity to have like a merchant dashboard with customer inside. So it's very easy for the merchant to track every product for example that uh they are selling. Let's say that is for example a tech store.

So uh I can just uh the the system can show for example uh which kind of products know like e-commerce side uh with a very good analysis and even more thanks to the AI generation AI agent that are inside. So you can create even like marketing campaigns and lots of things that they are like on the back. On the other side, we have as well the accounting that is super easy to manage inside the system because if I want my accountant can be connected with the API directly to the software and in an easy way can uh just uh download all the transactions and all the uh just I would say the reports of uh uh how much I receive in crypto and every transaction that I receive uh this month and uh how a bridge merchant works. It's very easy. I want to pay for example for a pizza $10 pizza.

I can pay directly with my bridge pay if I want or whatever is the wallet. I just do a transaction. The system will recognize the coin the token or whatever uh that can be instantly exchanged in fiat if the merchant wants or if not it can keep the coin like stable coin to remain in crypto. Then he can top up a business uh card. So he can go and spend with the bridge business card or if not they can just require a bank transfer uh to his bank account.

So it's a very easy way simple way to start guys to accept crypto on the merchant side. This will be ready after the summer and we're going to be ready as well with the crypto POSOS is a multipos uh where merchants they can start to accept crypto and even fiat money. So any kind of credit cards or debit cards uh and plus cryptocurrency. So I guess this uh will be a very good way we can help the crypto industry to grow uh on the transaction and everyday basic uses and uh what to say more that basically this system we have a few patents that we we did that we cannot talk today but you will see when uh they're going to be live. So we have the team working uh 247 uh to make this happen and we started 2023 with a with a project uh now the first app is live.

Second app will be released in uh uh probably August end of August where we're going to have the multi-chain uh with different uh chain and even like a more features on the user base. In Italy we're going to start as a testing area. So I'm happy to give to all the Italian merchants this uh test version and then we go live basically end of the year beginning of next year next year with the international markets. Our biggest goal for uh numbers for bridg will be to just to get guys into over 350,000 users within next three five years and how we can do that you know if you have a market you have a good product it's even important the system but you want to know just uh go to market is very important so for us not only participate and uh sponsor like uh event like nap eth uh but even just we have a huge community that we are building just empowering people to feel to be a part not only in the crypto industry but to something that is a movement that can uh be uh belonged to uh to something more and uh I'm happy even to announce that uh uh truly we are ending our uh uh road map with uh uh with bridge where we're going to launch in this Q4 of this year our native token on the bridge uh product. So it will be a token with the tokconomics that will be pretty interesting and uh for everyone that you know there are like many tokens out there related to uh business uh payment model businesses and we won't be the same one but we're going to do something different because not uh no one out there at the moment has a merchant sites as a business model but only user side.

So this will be one of the first token based on the business merchant side for crypto and we have like something even more that we're going to announce but we are happy to share uh not so many details uh on like this part because you will see live in the next few weeks uh from now. So I don't know if uh I want to just to give you the back the microphone and uh pretty we are done. I don't know if you have any questions we are happy to answer.

Yes. Do we have any questions? No. I think they will be happy to connect with you.

Hot here. So obviously why.

All right.

And I personally think it's really needed app as we previously also were speaking about user experience. So you're really closing the gap. So thank you very much and thank you. See you later.

All right. Thank you.