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Anson Zeall, CEO & Co-Founder, CoinPip, (Singapore) - Bitcoin Payments 2.0
Anson Zeall, CEO & Co-Founder, CoinPip, (Singapore) - Bitcoin Payments 2.0
Anson Zeall, CEO & Co-Founder, CoinPip, (Singapore) - Bitcoin Payments 2.0
Anson Zeall, CEO & Co-Founder, CoinPip, (Singapore) - Bitcoin Payments 2.0
Anson Zeall, CEO & Co-Founder, CoinPip, (Singapore) - Bitcoin Payments 2.0
Anson Zeall, CEO & Co-Founder, CoinPip, (Singapore) - Bitcoin Payments 2.0
Anson Zeall, CEO & Co-Founder, CoinPip, (Singapore) - Bitcoin Payments 2.0
Anson Zeall, CEO & Co-Founder, CoinPip, (Singapore) - Bitcoin Payments 2.0
Anson Zeall, CEO & Co-Founder, CoinPip, (Singapore) - Bitcoin Payments 2.0
Anson Zeall, CEO & Co-Founder, CoinPip, (Singapore) - Bitcoin Payments 2.0
Anson Zeall, CEO & Co-Founder, CoinPip, (Singapore) - Bitcoin Payments 2.0
Anson Zeall, CEO & Co-Founder, CoinPip, (Singapore) - Bitcoin Payments 2.0
Anson Zeall, CEO & Co-Founder, CoinPip, (Singapore) - Bitcoin Payments 2.0
Anson Zeall, CEO & Co-Founder, CoinPip, (Singapore) - Bitcoin Payments 2.0
Anson Zeall, CEO & Co-Founder, CoinPip, (Singapore) - Bitcoin Payments 2.0
Anson Zeall, CEO & Co-Founder, CoinPip, (Singapore) - Bitcoin Payments 2.0
Anson Zeall, CEO & Co-Founder, CoinPip, (Singapore) - Bitcoin Payments 2.0
Anson Zeall, CEO & Co-Founder, CoinPip, (Singapore) - Bitcoin Payments 2.0
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Anson Zeall, CEO & Co-Founder, CoinPip, (Singapore) - Bitcoin Payments 2.0

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Anson Zeall, CEO & Co-Founder, CoinPip, (Singapore) delivered the presentation at the 2014 Cryptocon Summit and Barcamp in Sydney. …

Anson Zeall, CEO & Co-Founder, CoinPip, (Singapore) delivered the presentation at the 2014 Cryptocon Summit and Barcamp in Sydney.

The 2014 Cryptocon Summit and Barcamp focused opportunities stemming from Bitcoins core innovation – the blockchain - a decentralised ledger system that allows seamless and efficient exchanges of virtual currency between users and opens up a wealth of opportunities not only for financial products and retail, but literally for any business, enabling them to conduct business more cheaply and more efficiently than ever before. .

For more information about the event, please visit: http://bit.ly/cryptoconsydney14

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Transcript

  • 1. Anson Zeall, Co-founder/CEO
  • 2. •  Singapore-based Cryptocurrency Payment Solution Provider – Wallets and Payment Processing •  Operations and Merchants in Hong Kong, Singapore and Malaysia and United States •  Expanding into South East Asia www.coinpip.com COINPIP COMPANIES & BRANDS •  Bring bitcoin awareness to both customers and merchants •  Users can buy and spend bitcoins at the same location •  Bitcoin community driven events, facilitated and sponsored by CoinPip www.coinpip.com/boost •  Sells bitcoin prepaid “scratchy” cards www.cardtocoin.com
  • 3. ASSOCIATION OF CRYPTOCURRENCY ENTERPRISES AND STARTUPS, SINGAPORE
  • 4. TWO MAIN METHODS P O I N T O F S A L E S A P P O N L I N E P A Y M E N T S BUT THERE IS A PROBLEM
  • 5. PROBLEM HIGHLIGHTS P O I N T O F S A L E S A P P 1.  Not all merchants happy with Standalone payment processors 2.  Customers not happy with QR code scanning 3.  Require both parties to be online O N L I N E P A Y M E N T S 1.  10min – 60min confirmation is too long 2.  Same as (2) 3.  Same as (3) How do we fix these problems?
  • 6. POSSIBLE SOLUTIONS W O R K W I T H T R A D I T I O N A L / S T A R T U P P O S P R O V I D E R S A S S U M E “ S A F E T Y ” O F B I T C O I N “Making you wait for confirmations would virtually eliminate our risk,” Skelton writes, “but we’re confident that with digital products like ours the risk is already acceptably low.”
  • 7. 1ST WORLD VS 3RD WORLD MINDSET 1 S T W O R L D “Bitcoin is a new technology that disrupt current payment methods” 3 R D W O R L D “Bitcoin is a new technology that can connect the unbanked to the banking system” SO WHAT DOES THIS MEAN?
  • 8. PROBLEM: DIFFICULT BRINGING BITCOIN TO THE 3RD WORLD...WHY? •  Just in South East Asia alone, only 1 in 3 people have 3G phones / Smartphones. •  Most payment startups focus on scaling due to vested interests. •  Funding is needed for payment startups to scale, yet majority of the funding is in Silicon Valley
  • 9. SOME SOLUTIONS & SOLUTION PROVIDERS •  CoinPip partner 37coins, an SMS bitcoin wallet providers, hopes to bring Bitcoin to the 3rd world. CoinPip makes SMS payments possible •  Airtime to bitcoin •  Bitcoin prepaid cards
  • 10. TECHNOLOGY •  Know your customer then build the technology, not the other way round. •  Security is as important as usability •  Build MVPs to test the market
  • 11. MINDSET •  Understand what bitcoin is originally built for •  Understand the mission of your bitcoin startup •  Understand your own mission
  • 12. FUNDING •  Incorrect funding structure can kill your startup •  Bitcoin space is still very small, so the one with the funds, can last longer than others e.g. Amazon in the 90s. •  Payment startups require critical mass, and it takes time. •  Network, network and network!
  • 13. Thank You anson@coinpip.com ansonzeall coinpip CoinPip #boostbtc Cryptocon Singapore – Nov 2014!

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