Interlapse Technologies becomes a leading virtual currency platform in Canada

0:20what is coin curve and how are you accelerating the adoption of virtual currencies through the platform for sure inter laps Technologies Corp is a public company we're listed on the TSX Venture Exchange essentially we are really focused on the adoption of mass adoption virtual currencies particularly Bitcoin and you know we believe that it's a new generation of wealth and technology that

0:41people should embrace and we acquired a product called and business called coin curve which is our primary goal right now in our primary product and it's it's focused on driving mass adoption for people to buy bitcoins really really easily and you know hopefully you know with this and with this product going forward we allow a lot of people to easily be able to adopt into this kind

1:02of technology and new currency as well a little more interesting and it's interesting that inter laps is a public company can you talk a little bit about the public structure and how inter laps operates with virtual currencies and if that makes a difference yeah inter lap so essentially we are a public traded company as I mentioned we've been kind of you know we

1:24essentially did a change of business coming out of the gate which first last time bucks me and so it's been about oh hello sorry I kind of went out okay it's been about you know you're a little bit year now and what happened was essentially you're quite a park this is called clinker and you know when you run a store a really tight ship we're a

1:45small company we run a like a start-up and our goal is really just to kind of drive that mass adoption and eventually made me focused on other technology sectors I help them you know you know screen board virtual currencies and watching tech into you know newer horizons or right now we're perfectly focused on that so you know we have point of a million 25 million shows out

2:04so it's really really tightly control and we're really I'm running it like a startup and then slowly that credibility in the markets it sounds great I'd like to dive a little bit deeper into coin curve and its business can you talk about it exactly about what is the process in allowing more people to adopt virtual currencies and you know is there a unique proposition with a coin curve

2:28as opposed to other competitors doing similar things yeah I think the biggest thing – I'm glad you asked the question biggest thing that coin curve has that differentiates from what's in the market is there's obviously a lot of exchanges out there right and I mean small about trading or whatnot coins the coins for coins yeah we're not focused on it we're

2:44actually focused on just a simple way to buy so a couple of big things that were different one is you don't need to sign up so essentially you know people can really visit a site quicker calm and buy the first Bitcoin without needing to create an account or anything like that and second is we're non-custodial and we can't like to call a self custody now

3:00and what that means is I think that's the right way to actually own Bitcoin and safety for security as well essentially beyond Bank right and I think you know with a lot of these kind of exchanges with you know negative press in the past and we talked we had record RICO case and whatnot and many more in not even outside cannas well you know coins in lost or stolen or

3:20exchanges being hacked we essentially want our customers essentially when they buy Bitcoin that they own their own bitcoins and I think that's really really important in a space today and you know they feel they can feel that they're empowered that you know the coins more plus and how they control is up to their you know after this decision right so I think that's a big

3:38educational piece that you know as we attract more people into the market and they want to you know try by the first Bitcoin you know they do it the right way and I think one curve provides that small amounts we're talking finer dollars per transactions that we can find a thousand per day so we're done small amounts no sign up quick and easy self custody and I think

3:56that's the first step to getting into the Bitcoin space for any new users I wonder you know look at this technology in this currency that is quite a unique perspective and you're right about the custodial you know the situations that have gone on before where there's been hacks and but on this at the same time if you have a noncustodial platform and the users get

4:17to be their own bank and you know it's their own control of their funds and if they make steak it's it's on their own you know fault as well and there is that education aspect to it you know do you see coin curve or interrupts needing to play a role in the education or just grow the company along side you know the public education as virtual currencies become you know more

4:38well known in mainstream yeah that's a good question actually a lot of people always asked us you know what do I get my first Walden right as they get to the checkout flow and obviously we recommend you know certain wallets we want to be careful with that as well because you know we're not associated with these wallets but obviously you know hardware

4:54wallets on the other right way in the safest ago we're talking treasures a ledger there's no endorsement ever but that's kind of the factor that people use you know the educational question I answered yeah definitely we want to you know obviously be you know leader in the public space in the crypto space to educate people on why that's an important part of owning and storing and

5:12securing your Bitcoin and richer currency and I think you know given the size a team that we are at right now and you know earlier phase in our in our business you know I mean we are obviously you know there's more to focus on right now to grow it the business outside of Canada as well so we're talkin a sec obviously but I think the educational piece is more fed indirectly

5:32rather than directly like you know through is a lot of you know educational pieces or videos we know we haven't been done doing a lot of that to be honest but I think that's something that's definitely on the pipes and we definitely want to be more and more pretty more awareness in this as well and hopefully the users when they do that you know we may lose some users or

5:50you know dropping off you're gonna have a wallet but that's our opportunity to basically educate them as well and tell them why that's important and some people may still prefer you don't have like a banking system where it still is a big point for them like an exchange and that's fine but overall at least we have a given opportunity and a platform for them to

6:06be able to come back eventually and learn about this as well so everybody's at different phases and you know there's not a lot of people that focus on really really the early adopters of Bitcoin at the right way right so people just jump right in exchange you know put bids and ask orders and a lot of people don't know a lot of trade or whatever and they're buying Bitcoin the shot to sign

6:23up wait for like three four days you know we really want to we don't want to focus on that we just want to make it simple that's it yeah you're definitely making it simple on one of the ways that it looks like you're making it even simpler is that you've recently acquired by Bitcoin Canada you know can you talk about what you saw in this transaction how it

6:41incorporates into inter laps and what are the synergies of that moving forward yeah so we purchased basically bought by Bitcoin calm essentially it's it's similar service like like a coin curve no so we thought that had very similar kind of technology and similar type of direction in terms of the doctrine of virtual currencies right they were focused on easy to buy as well

7:05so it falls in the same kind of narrative so really the answer that question really the biggest thing right now for inter labs is to a consolidation of companies or crippled companies in the space at least in Canada right there's a lot of exchanges as I mentioned a lot of brokerages and whatnot I think maybe there's too many maybe you know that's good that's a good

7:23thing right but I feel that you know a lot of people always gone you know whatever online and go how do i buy bitcoin what do i buy bitcoin right there's all these services and whatnot which one's good which ones back I don't think is any good or bad it's matter of preference right and what they're trying to do with it some people just want a small nut some people want to do

7:38large trades some people want to do all coins so they have the freedom to do that but at least what in elapsed that transaction was trying to do when we purchased on by Bitcoin candle calm was the consolidate our efforts if of similar services that are focused on the rudimentary users getting the Bitcoin space and there are many more but I think that's start of our consolidation

7:59strategy and hopefully when in the future we you know can acquire more hopefully and that's you know our pleasure and you know when they search by Bitcoin you know for new users they can easily come to coin curve and be the de facto service yeah and there are so many options when you're just out there googling and it's good to have that consolidation and it looks like inter

8:20laps is building that a nice tree that sort of has these different services and one of the other services that you're also working on is the merchant solutions with coins we've direct now can you talk a little bit about how that also helps and expands inter laps yeah we recently launched a new product called clink of Direct essentially it's a turnkey solution that what coin

8:41curved experiences it's basically allows merchants to sell bitcoins through their company and their branding and everything right and we essentially do all the processing and the heavy lifting behind the scenes right we process we carry I see the customers we have our banking set up and whatnot right other payment channels and whatnot so I think it

8:59allows a lot of people that are kind of in a crypto space that may not have full licenses or whichever where they don't want to take on a big team or you know operate a big kind of you know service for people to your brokerage service for people to buy but they want again again this space right so it's our b2b solution that allows kind of any you

9:16know businesses really particularly in crypto that want to sell Bitcoin and they want to do that easily and quickly all right I want to say overnight because it's actually quite it's almost that fast but essentially what realistically we can set up any merchant within two three days and then they can be selling Bitcoin so we made up some big partnerships with our launch as well

9:36and you know we partnered with a local coin ATM one of the biggest PPM's Bitcoin ATMs in Canada right and a couple more as well that you can see on that press release that we released released earlier this year so that obviously drives more volume more momentum and more adoption versus us doing all marketing ourselves they may have their customers from different

9:56provinces or whichever or different types of businesses that may one again Bitcoin and we can use that channel to basically promote and all of ultimately benefits conquer and them as well obviously we Rev share and everything so that's obviously the details in terms of the business but really the goal there was to drive bigger adoption not for just us to everyone else yeah well it

10:17sounds like you're making some great Canadian partnerships and I know inter labs is doing well in Canada right now so congratulations to that so far and I'm interested in hearing about this international expansion plans you know ant because Canada is a great market but expanding out to North America or even internationally can be huge potential if done right so can you

10:39talk a little bit about is there a plan for inter lapse to expand internationally and what are the first steps towards that well sure I think that's a that's a big part of our agenda definitely I think you know obviously we've we've start in Canada and so it's our backyard so we have all the right no connections here in place and the right licenses and whatnot right and all due

10:58diligence so the big the next thing is to kind of take our simple clunker platform you know the reason why we made it so simple it's like seven screens were probably even less and then it allows people to buy simple simply is that we can allow it to expand and cookie-cut same business model everywhere else in the world right so particularly in places that are highly with higher dense

11:18intensity places that have c hyperinflation or currency erosion right and you know $5 for them may be small milk in North America but funded always you know overseas and you know and a new market may be you know a lot of money a lot of people being want to use coin curve that's Bitcoin easily and they want to be their own bank right they're more they want to do that even more than

11:41here because they may not have this you know the pleasure of you know a great banking system like us in Canada or not America right so you know these places on demand a new currency right you know they see inflation in their currency as well and they want to see a change so it gives us opportunity to own clunker so you know back your question their laps

11:59we are planning to expand globally right now particularly starting with Southeast Asia because we feel that's the market that really understands and embraces the technology as well and I think they need Bitcoin the most and they prefer Bitcoin as well right so adoption can start there a lot quicker and you know particularly Australia and New Zealand we're looking at those

12:16countries as well that's in the horizon too so you know once beginning these countries allows us to grow faster and allows us to go quicker make through partnerships or through new acquisitions and new signups and new essentially new users coming to the platform to use our system well that's great and Southeast Asia I've studied it myself and I know

12:36that there's a great adoption for virtual currencies there so that really makes sense and there's a huge numbers game as well so I'm issued to hear a little bit more about that as it comes to fruition and if investors or users or partners potentially are looking to learn more information about inter laps what's the best way for them to reach out and find out more yeah I think

13:00that's the best way is the obviously Santhome newsletter on your lap song we have a newsletter section we actually put up a lot of good content about you know the space in general and how we're trying to expand as well so there's a lot of good information there for you know new investors I wanna get into crypto space I may not know much or you know me know a little bit

13:17but one expand their clinical investments as well so through our newsletter I think that's the biggest we do a lot of work and we spent all time actually crafting or on newsletter so you know it's not just something that we put out it's a lot of work to put in so I want to emphasize on that and definitely obviously the website gives you information we have a deck there as

13:34well we also have pointer comm for you to even try and buy your first Bitcoin – as there as well so both inner labs are common pointer becomes the best way to kind of connect with us we also do a lot of you know a lot of such a media commentary through like clean desk and coin Telegram some of these akiko news is one product investors another one as

13:53well so I've been doing some interviews there and you know in the past year talking about this space not particularly just in cryptocurrency but even how like gold or you know these alternative assets or making a change as well in this world and how Bitcoin and crypto could be you know a new form of asset that you know complements that as well right so you don't follow our

14:12Twitter follow our LinkedIn foreigner laps it's it's lots of information in there we post great frequently at least you know one couple times a month and I think that's the best way to you know learn about company there are local space and hopefully you know you know race it technology and grow together as well great thank you so much Wayne I will leave all those links in the description

14:30box below for the viewers that's all the time that we have for the interview but I really appreciate you coming on to talk about inter laps and coin curve all the best in your growth and expansion and let's follow up in the near future fantastic thanks action you