Steve Beauregard, GoCoin Founder and CEO Virtual Currency Today Summit Boston - Keynote Speech Slides

1. The Transformation of Global Commerce
Steve Beauregard @GoCoinCEO
Steve@gocoin.com | +1-424-234-1640 | GoCoin.com
Digital Currencies

2. Evolution: Future of Money is Digital
Internet Revolutions Smartphones Revolution
Blockchain Revolution
1990’s
2000’s
Today

3. 33% Millenials: Banks Phasing Out …
50% believe tech startups will overhaul
banks in 5 years
Source: Goldman Sachs Global Investment Research

4. Future of Money: Lies in it’s PAST

5. Token Economy: Familiar Territory

6. Generational Trends: Millennials
Distrust Financial Institutions
$41 Trillion from Boomers --> Millennials
Invest in “themselves” not S&P 500

7. Bitcoin Ecosystem: 6 Categories
“Wallets, Exchanges, Payment Processors,
Financial services, Mining, Universal
Source: Coindesk
Universal
Payment
Processing
Wallets
Mining
Financial
Services
Exchanges

8. Founded: June 2012
Overall Funding
$106M
$490M Post Money
Jan 2015
Merchant Processing
Market Share
35%
2014 Q4 Mkt Share
Growth
27%
Founded: May 2011
Overall Funding
$33M
$160M Post Money
May 2014
Merchant Processing
Market Share
50%
2014 Q4 Mkt Share
Growth
29%
Founded: July 2013
Overall Funding
$2.2M
$12.3M Post Money
March 2014
Merchant Processing
Market share
8%
2014 Q4 Mkt Share
Growth
37%
“Smart money” from venture capital,
banking, finance, mobile, telecom, gaming,
super angels
Selected: Three Leaders

9. GoCoin Signing up about
150 Merchants / week

10. Merchants: Top Tier Brands
Merchant adoption steady
Users need encouragement

11. User Adoption is the Long Pole in the Tent

12. Merchants need to be strategic to
entice consumers
• Card Not Present Fraud $10.3B / year
• Identity Theft rampant
• Digital currency payments < 1%
Problems
• Cards designed in pre-Internet age
• Bitcoin plagued with reputational &
Security challenges Silk Road, Mt. Gox,
BIPS, Bitstamp,
• Silos of innovation among startups
Proposed Solutions
• Regulations
• Bitcoin Foundation
• Conferences, Meetups, Hack-a-thons
2015 Payment Challenges

13. State of Merchant Adoption: Mixed
Challenges:
• “Build-it They Will Come” – Not happening!
• Less than 10% consistently transact
• Only 25% of invoices created at checkout are paid
• No analytics to understand behavior (no merchant investment)
• Bitcoin price directly impacts volumes
• Consumer on-ramp
Bright Spots
• Select merchants consistently transact regardless of price
• 80% checkout completion for top merchants
• Merchants get the value proposition
• Might a future Alt-coin(s) be better transactional coin(s)?
Merchants need to be strategic to
entice comsumers

14. Altcoin 2.0 Era: The Door is Opened
Bitcoin Challenges:
• 10 Minute average block time – transactional challenges
• High Volatility – discourages use where needed most
• 7 transactions per second – Scalability questions
• Deflationary by design – encourages hoarding
• High Power Consumption – resulting in centralized mining
• Dark Web Roots - reputational concerns
Altcoins Coming
• Tether – Pegged to fiat USD, EUR, etc
• Etherium – Smart contracts, faster transaction
• More to come
Future Altcoins are far more compelling
than any released to date

15. Experience: Mobile Checkout

16. Add Bitcoin
Wallet
erator Brand
Experience: Mobile Checkout

17. Mission: Leveraging Emerging Trends …
Use emerging blockchain technologies
& payment trends to disrupt
intermediaries in global transactions
Big Data
Analytics
Blockchain Loyalty
Coins
Wearable Biometric
Devices & NFC
Blockchain Based
Smart Contracts
Gesture Based Consent Gov’t Issued Tokens
(NFC Cash)

18. Inevitable: Payments Revolution
• Blockchain trustless escrow API’s for fraud reduction
• Loyalty Coins verified on Blockchain encourage coin use
• Vendor / supplier-chain payment tools for low-cost blockchain settlements
outside of the banking system.
• Payment wallet with recurring payments, reminders and simple mobile top-up
features
• Combine biometric and gesture based payment consent
The relationship between website
merchants and customers will be
enhanced reducing costs and friction

19. Cashier no longer needs to handle funds
Future Payment Experience Example
It’s 7:30 on an ordinary Tuesday
Starbucks App has learned I typically pickup a Grande triple cappuccino
at one of two store locations
App prompts to confirms your “usual” and the barrister is given the order
as you parking your car.
Coins are moved to a blockchain address pending pickup
As you walk in the store your drink has just arrived at the pickup counter.
You receive a prompt to consent to payment
You give consent with your unique gesture and the payment is released

20. GoCoin: Global Leader in Cross-border
Blockchain Payments & Innovation
Thank you!
Steve Beauregard
Founder & CEO
Steve@GoCoin.com
+1-310-980-9677
Linkedin.com/in/sbeau
Twitter: @GoCoin @GoCoinCEO