Vadim Telyatnikov on AlphaPoint exchange platform

0:07it's a j Addison live in Las Vegas at inside Bitcoins we're here with Vadim tat nikov the CEO of alpha point.com a wh label exchange give us a little bit of an overview of your company sure so we have a software platform that powers exchanges and what that means is if you're a startup or an existing exchange you can use our technology as kind of the back end while you focus on the

0:30regulatory kind of marketing issues so for startups it's great because it helps them get to Market faster they don't have to worry about building kind of intensive Tech infrastructure and for existing exchanges it's great because we buil built an Institutional and great platform the platform can process nearly a million transactions a second

0:50which is actually huge volumes even for traditional exchanges so we help those businesses the large existing ex exchanges scale that's fantastic do you have a set Fe structure or can operators set their own fees we don't have a fee structure it's totally up to the operators and we have different types of exchanges so we have folks that focus on high transaction volume for

1:11institutions obviously their fees lot lower there's other folks that focus more of a retail exchange where they want just to give kind of consumers easy access to digital currency and their fees might be a little higher depending but it's totally up to them okay can your exchanges only do Bitcoin or is a possibility for other coins like Doge in the future so we don't care

1:33we can do them all oh you can that's we can do all the coins we actually technically can do any commodity pair like the system totally doesn't care so meaning if you want to trade any commodity if you want to trade actual effects our Focus obviously is digital currency but the system is flexible enough to let you trade anything you want that's fantastic how

1:53many countries currently have exchanges Running With Your Service I don't know off top Mye we have 16 customers I think a few of them were black countries so I want to say guessing about dozen countries not all of them are alive but that's kind of a really good starting point for us now do you do you help your customers at all navigate through the regulation

2:15of any of these countries or is that up to them it's up to them primarily now we obviously view our relationship as a partnership so we try to provide either advice or guidance and kind of help connect folks with kind of law firms that we think are capable of giving good advice but the regulatory requirements are full responsibility on The Operators and we

2:35just provide the software platform and what's the biggest advantage of someone using your service to open up their own exchange you get to launch an exchange really fast right to build a professional exchange that is secure could take a very long time right we spent over a year developing it and a lot of the technology was built upon things

3:01are two Founders there's actually two of the founders built at institutions one Joe Ventura one of the founders worked for a company called Mana which later got acquired by deut bank and is used to power a good portion of their equities book on the high frequency trading site so it takes a long time to develop that type of infrastructure so the startups don't have to worry

3:25about that and again for institutions who are already might be power in exchange there's a number of exchanges out there that having scaling challenges and then they can come to us to help them make sure that the kind of platform scales as they grow would there be any disadvantage someone using your system instead of starting up their own exchange of course not that makes sense

3:48although that there is a big advantage in that as you said I mean they get it up really quickly yeah exactly I think the besides the speed to Market you also don't have to manage development some of our customers don't even have that expertise but and you can kind of focus on marketing and dealing on the local kind of challenges of the countries instead of trying to build a software

4:11platform at the same time the other benefit that we have is we are planning to interconnect The Exchange all platform so we have Exchange in Norway we exchange in Mexico the Caribbean one working on launching Exchange in Africa when working on launching Exchange in the US we can connect all them so they can share liquidity that provides a little bit more volume

4:33exactly when you start up exchange you let's say you spend the time and develop some on yourself and you turn it on and you have a customer that's really excited to buy a Bitcoin well there might not be anybody that wants to sell a Bitcoin so we can Interlink all the exchanges to kind of avoid that problem and get these guys up to speed really

4:52quickly so in other words somebody get in there start buying Bitcoins on a new exchange instantly because you're going to patching with these other exchanges that they can pull from yeah exactly fantastic let me ask you the question that we're asking everybody January 1st 2015 what do you think the price of Bitcoin is going to be this is just a random question because there's I don't

5:06know if there's any basis for the number that we're going to be guessing on sure so obviously want to make sure it keeps growing going up I'm trying to think if I actually want to make a prediction what were some of the others well the others have gone from anywhere from $200 to $1,500 probably are in the thousands yeah I think you know based on the fact that over this

5:28time we saw kind of increase last year obviously I feel it's going to go up I feel like, 1500 is maybe a little bit optimistic so I will guess 500 okay so Bim if somebody wants to get a hold of you guys and get more information on your platform sign up to the platform just contact you how do they do that sure so they can either reach out to myself Vadim at alphapoint

5:49or we have kind of more General email sales alo.com so it's alphap point.com is the website that's right bem thanks kindly for joining us today all right thank you this is Jay Addison from Crypt Biz magazine live from meckler media's inside Bitcoin conference in Las Vegas remember to subscribe to Crypt Biz magazine at Crypts mag.com follow us on Twitter at cryptz magag thanks for

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