Hello Swift, can you hear me? I just invited you to speak so you should be able to see that invitation. I can see your speaker now. Yes, I can hear you loud and clear. How are you doing? I'm doing good. How are you doing?
Very good, very good. Excited to hear more about e-commerce. Should I say decomers tonight? Yeah. We're really excited to talk about it. Definitely. While people are just tuning in, I'm sure, where are you sitting tonight or today? It's night for me.
9pm here in Copenhagen. 3 o'clock for me I'm in my bedroom right now my desk. So your US based I assume East Coast. East Coast, yeah Canada. I see, I see. Yep I think that's also why we mainly arranged these bases at
My time at least 9 p.m. Because we got Europe still awake and the US and Canada either not waking up of course at 3 p.m. But oh yeah Definitely definitely live so yeah, I guess we can just a
dive in as you probably know already. We record this so we distribute it across various different platforms on Spotify, YouTube, etc. But let me just do the intro and then we will dive right in. So welcome everyone to the Cosmos Club where we talk all things Cosmos. We summarize what's going on in the Cosmos ecosystem.
system on a weekly Twitter threat. And then we invite interesting, fascinating, hardworking builders to spaces like these who is building the Cosmos ecosystem. And today we got you guys from Swift Protocol. Welcome guys. >> All right. Thanks, Robin. >> So perhaps we could just kick it off.
I'd like to do this more and more actually talking about how you got involved with Swift Protocol and how it all began really. And just so people know this is a Swift Protocol as the blockchain Juno project, not the Swift Protocol as it
the whole banking Treadfi protocol. I guess... I'm a little confused sometimes. Yeah. We've had that comment come up. It's quite funny. Like the first of my heard it I was like, "Huh? What's that?" And then I did more research and I'm like, "Oh shit, okay. We got the same name." But no, it's an interesting story on
how Swift began because I come from e-commerce background. I mean I've been doing like eBay for like the last eight years of my life and I started like getting in the minds of like trying to flip items for profit and I started off with collectible cards and moved into comic books and and sports cards and Pokemon cards
and one night I was just listing a bunch of products up and then the thought of like I was like how can there is an idea like this with crypto listing items or having at least having an auction or bids or even just directly just buying the item with crypto so I had that thought
then I came across my co-founder Joseph. We were in the same program at school in computer science and I shared my idea and he really loved it and he came, you know, he was already at Stargate as the front end engineer over there and he somewhat introduced me to Cosmos which is
is really cool because I really love what Cosmos does with Tendermitt and IBC. Everything's open source. The community is really great. And what I like about the community is it's very developer centric. With Swift at least as we've expanded research development for like, cross six months before we even started writing
code, it brings in a new wave of entrepreneurial people onto a blockchain, people who are who like the technology, who like crypto and want to just get in the habit of buying and selling items or at least growing your business in a blockchain community and having you know, SWIP provides that infrastructure.
And it's been quite a journey for us, you know, where we're going to be launching by quarter to this year, but we're going to soon we're going to be having active stores, especially with the newest announcement with Noble, which is very exciting. So yeah, that's
basically go eight hours with came to be. Yeah. Noble is quite the partner these days. Yeah. She will get more into that. But just out of curiosity, what really captured your attention around Cosmos? I'm just curious. Obviously, our community is very Cosmos focused and
I don't think you would get any haters from saying how much you love and how much it captured your imagination when you first heard about customers. But what got you interested? Mostly Joseph, my other co-founder, he just kept on feeding me information about it and just I saw the upside in the benefit
shit. And I haven't been non-bulb within the community. I've only been involved for honestly less than a year. It's gonna be a year in May, but Joseph's had that extra reach, like that extra expansion on them within Cosmos. So yeah, who's just mostly
learning and adapting to it.
Yep, make sense. Make sense. So yeah, tell us for the uninitiated tell us more about what the Swift protocol is doing. Again, it's not about the track five banking system, how they clear transactions between banks. This is a whole different ballgame.
So what is with protocol for the uninitiated? So, so we protocol is decentralized e-commerce where we allow merchants to create storefronts with zero code. We would obviously be providing templates and they'd be having
and they create a freedom to customize their site the way they please. But it's more to that, you know, we're able to list items and manage your inventory and being able to buy and sell physical goods or services in exchange with cryptocurrency.
And us as a company with Swift, we have more of a utility as a token within our consumer score or our trust score. We're still having this added our name, honestly, but it's between those two and also our dispute systems between. So if there was a dispute amongst a buyer
in a stellar battle, they would be incentivized to see who would be in the right and who's in the wrong. So essentially it's Shopify, but I was about to say, like, how would you compare yourself to
the big e-commerce platforms that we all know. So Shopify you mentioned. So is it as easy as that the catchphrase? Is it Shopify but on blockchain basically? Is that the catchphrase? >> I'm blocking with cheaper fees. >> Yeah. Okay. >> The reason why it's cheaper fees is because
You know, an essentialized world and essentialized authority whenever you pay something online with your credit card as a merchant you don't receive the full transaction right away. It stops in the middle to the middle man, which is the credit card processing system and they take on average around the read of four percent
So once you remove that out of the equation and focus on transactions solely on peer to peer, small businesses with each transaction, I mean the scalability with how many transactions you do, the larger it is, the better. You can be saving a ton and that effort can be putting more into a shipping cost or even marketing
to scale up your business. So it's really beneficial not only about removing the middleman but us as a company we take cheaper fees we only take one or two percent of every transaction and even transaction costs between I mean beneficial between the seller and also the buyer.
beautiful. I mean it's a huge market that you are dressing. I don't think there's any doubt about that. I mean e-commerce is already very very very big and it's only going to grow from here. So perhaps talk to us about the I guess two two sides. So obviously e-commerce there's a buyer and then there's the
and the owner of the shop. So talk to us, I guess, first about how the owner would set up a e-commerce store with with protocol compared to, yeah, this is a Shopify that I think most people would be familiar with when setting up an e-commerce store. Sure thing. So,
up a store, it's as easy you can set it up honestly in a couple minutes. So once you sign up as a merchant, you can list your items up, have them in your inventory, and we're also developing one click deployments on a cauch. So essentially the easy way around is basically allowing
the swap our Swift tokens for AKT tokens and having your e-commerce store deployed on a Cush. There's more, you know, so with the help with interchained accounts, with creates a Cush account on behalf of the other users and signs up for new lease, this simplifies the onboarding process for users who may be unfamiliar with a Cush.
We don't want them to go on their platform, we're trying to figure out a simple way to one click once you just get it done and it's up and running. So Swift leverages, drill swaps to convert the Swift tokens into AKT tokens and transfers them into the Acoshton network in a single transaction. So this seamless process eliminates the need
for the users to handle multiple transactions manually. And, you know, the new next JS site on a cache, and this enables the user to have the e-commerce store up and running within minutes. Also, the deployments and process takes place in
the user can still configure their new site and add products to display. And that, you know, it ensures users can continue working on the e-commerce store without any downtime. And on Shopify, like I've done drop shipping and I've been around the Shopify space
you have to go really deep down in the settings and even try to even customize it. For us at the moment, I mean, we're Shopify is a subscription based service, we do not at the time at the moment, but there are conversations for that to happen later on. But for now, it's free to use
Beautiful. I love that you are deploying on the cash. That's just the true to the whole decentralized narrative here. Another reason why we also love Cosmos and IBC. It's because without IBC we wouldn't be able to do that. Yeah. Yeah, I guess you leverage IBC
see quite a bit there. And I'll ask that in the middle, also how you leverage the different customer stack technologies. But so that's the owner. So I go on some interface and click a few buttons and then boom, I set up a shop on a cache, basically, deployed on a cache. And then
I can start selling products as I can do with the Shopify. So what's the experience from the users perspective? So I go on this shop, I find a product that I'm interested in, and then how do I pay? I guess it's a million dollar question here. So there's two ways. If you're from a web3,
If you're from a web 3 user, just go on either June or swap or as most as swap your tokens. Because essentially Swift isn't going to be the only token I'm going to be able to buy with. There's more utility with the token like I mentioned with the Sprues app.
and also the the the trust score. But if someone wants to pay with USDC or any other native token or CW token, they really can. It's all depending on on what the merchant wants. And that creates more so there won't be more volatility with the token, but essentially as a buyer,
If you like a product and you see your comfortable paying with the cryptocurrency that the merchant is offering, you add the product to your cart, proceed with the checkout, choose the shipping method that you'd like, the payment method, and just review the order and just wait until the, you know, confirm the purchase once the merchant has
Shipped and fulfilled the order and all you have to do is just say that you received it I believe like we've had a lot of questions with people asking us about if a buyer and wants to maliciously like received it, but just lies saying that they
I believe that there are just good people who want to have this type of new technology into the world. So I don't feel like there will be a lot of malicious attacks. Even though there is, we do have those precautions there.
Just in case. Right. Right. Makes sense. Yeah. So I have to, if I understand you correctly, I have to have, if I'm a web 3 user, for example, I have to have a Kepler wallet or the wallet or whatever to be able to.
So to be able to check out if I'm a web 2 user I have no capital wallet or whatsoever I have no idea what it is. Is it possible for me to check out? Yes, so what we want to do is try to integrate with Kato.
And I find you can put in information, get your, put in credit card information and just receive your cryptocurrency right away. That's the easiest way to do it for new users and you can get your crypto within minutes and it'll be in your capital wallet right away.
So that's because what we wanted to do to bring in those Web 2 Normies. But I find the way the route that we're trying to go is getting people who use it to the idea to bind cell with crypto.
and focus on Web 3 communities and protocols and influencers since the foundation is already there. Once the idea on society gets used to, I mean certain money transmission laws can change within the next couple years, we don't really know, but once that happens and the regular people of the
world who started using it, then I guess that's when Kade integration can be met or said even before then, but it takes time to get normal people adapted to this type of new digital currency. Yeah, that makes sense. Yeah, I guess it's hard to cater to both
from the beginning at least, especially as on-ramps are still being built very much. I think it's been many years, but I think there's still a lot of work to do to build nice on-ramps that are easy for non-cryptonative users to understand and wrap their head around. And I guess that's not
really a problem that you're solving. Obviously, you are affected by the problem or the lack of a solution. But I think Kato, as you mentioned, is definitely doing a well done job compared to the other solutions out there. So it makes sense to integrate with Kato.
Definitely. So, talk to us a bit about the different shops perhaps that you are already starting to set up. You talked about different partnerships also, but yeah, talk about the shops first and then how you leverage the different IPC technologies as you also alluded to earlier.
Yep, sure. So first is going to be a noble and they're essentially just going to be selling friendship bracelets to the community. They have it attached to their NFT, if I believe. So essentially,
they would buy it with the French token. And so what we're doing is we're doing the self-guard and Swift guard partnership. And essentially, self-guards is in a theorem platform. They're not opening up their own e-commerce store, but essentially
So what we do is we do a lot of work on the app. So what we do is we do a lot of work on the app. So what we do is we do a lot of work on the app. So what we do is we do a lot of work on the app. So what we do is we do a lot of work on the app. So what we do is we do a lot of work on the app. So what we do is we#
So having encrypted shipping information on chain and having keys for the merchant and the buyer to get access to those. Okay. And the other partnerships, I mean, we've had discussions with Krunkat and a few other stores that were vetting on, but
still like on the close but like a variety of items from actual merchandise of like t-shirts to bracelets to uh rugs like floor rugs carpets so those are gonna be like the early and we wanted like a diversity of certain niche products and then once people ain't
I find that the best products would be actual merchandise like community merchandise, like having a Cosmo Club hat or sweater and just play around with those because I find the fashion industry is one of the growing industries in the world, part of e-commerce. Definitely.
definitely. Sweet. And how do you leverage? So obviously you guys are using Juno network or deploy on Juno network if I'm not mistaken. So how do you use the broader ecosystem using IPC and all that? Perhaps talk to us about how you leverage the Cosmos Tech here.
So we're enabling communication and data transfers between different blockchains within the Cosmos ecosystem and leveraging IBC for Swift can expand its reach and improve the functionality to enhance the user experience. So we're using cross-chain token transfers.
using IBC Swift can, you know, see with token transfers between different blockchains in the cross-moves ecosystem. This allows the users to transfer their assets easily and quickly, enhancing the user experience and providing additional utility for the Swift token. Cross-chain swaps and liquidity pools.
So IBC, SwiftKend, facilitate cross-chain swaps and create liquidity pools that interchange with other blockchains in the ecosystem. This can increase, for example, the availability of trading pairs and reduce slippage and improve overall liquidity for the users.
Another one we're trying to figure out a way for like NFT marketplaces. So we can use IBC to create interoperable NFT marketplace that allow users to trade and manage NFTs across different blockchains. And this would enable more diverse NFT offerings and increase the overall utility.
ability of the platform. I see. Sweet. Also, you know, biggest thing also governance. So we can use IBC. Allowing token holders on different cause most based chains to participate in decision making process.
us and I would also more of a decentralized and democratic environment for the platforms development and management. Yeah. Makes sense. And I'm just curious, there's nobody else doing this. Like it just seems like such a big market. I know we're first to mark the way
We're doing it like how we're doing it the Shopify way we are for like I haven't heard any other Protocol doing it the way we are there are obviously payment methods that you can't do with crypto But they don't have the security Like how we do I find I mean we're really trying
trying to take care of the users on the platform because there's things that you can do in a centralized world that if you wanted a refund, you can easily get your refund. But in crypto, you can't really do it. So that's why we implemented a dispute system where validators on the network are incentivized
to um sorry join me I'll give it a second no worries that happens to all of us yeah including myself I'm sitting here with my night cup of tea so back to what I was saying validators plate
key role in resolving disputes, the same validators that verify the blocks on the Juno network are incentivized with a portion of the transaction fee to resolve disputes. So let's say a set of nine Juno network validators must deposit an amount before gaining access to the dispute data and then the majority
the validators will split the prize while the losing side will have their deposits burned for example. And then once the dispute is resolved, the winning side will recover the funds. The seller was in the wrong, the buyer will recover their payment, and if the buyer submitted a fake report because that can't happen, you
can receive the proper item and just say I want my money back, then by submit the paper, the funds will continue to the seller and you just have to submit proof. So disputes will also impact the user's trust score, losing a dispute counts as five thumbs down, significantly like affecting your trust score.
picture your trust scores, your credit score, it's essentially everything. It's your credibility. And this proves your credibility on blockchain. I think that's a clever one. Yeah, thank you. If you win a dispute, you don't yield any extra points, you just get your funds. Yeah. Have you just out of curiosity because
Because when it comes to trust and online identity and all these different things, there's pretty cool projects happening in Cosmos already. Checked you might have heard about, they do a lot within online identities, it's a Cosmos project as well.
So if you're curious and if there's a potential partnership that could happen there, just feel free to let us know. We are quite close to the checked guys. So if it makes sense for you guys also. But talk to us about the noble partnership. I mean, noble is most known, I guess, for
bringing native USDC to Cosmos and I can already imagine that's the number one priority also for you guys having people easily being able to spend USDC or stablecoins in general in Cosmos. But is that the main goal or is it yeah talk to us about the partnership basically?
The main gold for having USDC.
or the main goal with the partnership. Yeah, yeah. For us, honestly, it's a way to show off our technology and giving it giving it to an active seller and it's good marketing for us. Like it's not a paid partnership. It's nothing that it's just they wanted certain infrastructure that we can
provide and it's just conversations that we had like that. So for us it's more of a marketing, getting natural growth from the community, good feedback as we're looking all over Twitter. I mean the people really like what Noble's doing, reading news, DC assets, yeah, on cost most end, Swift can really benefit from that. Definitely.
definitely. I think everybody in Cosmos is anticipating the day when we have a native USDCO, native stablecoins in general. I mean, Axelor, I think Axelor is doing a noble, but not a noble job, but obviously having this sort
bridge solution is risky, right? I mean we've seen it. I think Axler has some pretty stellar technology and security mechanisms to prevent any hacks from happening, but it is still an attack vector. And if Axler gets compromised, I mean that will be detrimental to
to Cosmos in general. So having native stablecoins like USDC via Noble is definitely something that can remove at least that attack vector for anyone who wants to do harm to the Cosmos ecosystem. Yeah, so I think very exciting partnership.
and in general, very excited about native USUSC coming to us. - As we're, thank you. (laughs) - It's a strategic partnership that we have. We're looking forward, like, even conversations that we've had with Cronkats, Cronkats has a great community and leveraging, let's say, auto renewal
payments that can use as like subscription services, right? As I mentioned, like we don't have that and that idea can be fostered into it later on into the year, even next year. Right now we want to give the product out for free, get as much users onto the platform
And like even with our air job, we don't want to do like a traditional air job, but we just give out a bunch of tokens. And then people just sell them. What we want to do is bring in at least
Early on users onto the platform merchants give them let's say $500 worth of Swift tokens that can cover let's say their own shipping cost and Force buyers provide them with a hundred dollars with a Swift tokens to shop around the market Once we go live we're expected to have anywhere between
5 to 10 active stores, which is a good amount and we're excited to move forward and see how that summer goes. Joseph and I are expected to be going to Osmoism in Berlin and also the Nebler Paris right after that.
So those are two big events for that summer. That's going to be really crucial for networking and marketing, getting people on board it onto the platform. And also we're really excited. I mean, the announcement was yesterday for the dates for Istanbul for Cosmophers. So we're also looking forward for that.
beautiful, beautiful. Talk to us a bit about the sort of broader decommers movement or ecosystem. You say that there's nobody who is doing exactly what you're doing, but there must be somebody out there beyond also customers for that matter who has been considering at least bringing e-commerce
on chain. I know for example, Kudgera is a Kudgera network, you might know. They're doing at least some, they're trying to do some partnerships with various different traditional finance institutions. I wouldn't say that they're e-commerce focused, but I know from the founder of
of Kujira we had on multiple times actually. They're very much looking to partner up and get e-commerce going because they have this Sona wallet that they are launching, I think at the end of this month so it's just around the corner I guess. And what they want to do is to create a wallet that can actually be used
used for real use cases that actually purchasing stuff in the real world, not having to use a crypto.com card or finance card or whatever, but an actual wallet that you hold on your phone. I guess what you would have to match at least having real-life stores like the brick and mortar online.
to have that payment process, right? That or a partnership with you guys. So that's sort of a question that I have, I kind of swooped in there if you are working with Couture because that's something also I know the whole Couture team is exploring these different options. I don't know the details, but I just know that they're looking into this a lot.
Yeah, I mean, we haven't heard much from Kadura. We did hear from, I think they're called O NFT. They're working on something with e-commerce, but they're really not that in development.
So like for us where I had at the game and from everyone else, which is a good thing to be first to market definitely, definitely. But talk to us about the broader like what do you see in this D.Commerce movement? Because I'm sure it's going to happen, right? I mean, it has to if a blockchain
the retail industry because since COVID-19, since the pandemic started, online shopping has grown close to, if not, past 300%. So people are seeking alternatives to centralized platforms, which are often criticized for their lack of transparency and data privacy concerns
and unfair practices that favor large corporations, over small businesses and individuals. So decomers movement aims to address these concerns by leveraging blockchain and decentralized principles and you know there are like a few elevators
We have peer-to-peer transactions, transparent and secure transactions, and censorship resistant. We're only taking a percentage of verified sellers.
and Swift Protocol, like we mentioned with the cost before, we're not hosting the site. We're just a tool that provides the infrastructure to create and list your products. So your site on the cost can be taken down. If there were, let's say, illegal goods listed up. - Yeah.
Yeah, that makes sense. There has to be some mechanism there, right? Because people put all kinds of shit up on the internet, so yeah, they have to make it. That's what the biggest worry was. Like we had really on questions.
concerns also about the Swiss one company that they shut down I think 2019 or 2020 but it was basically decentralized technology and just paying
It was like the black market of crypto essentially forget what their name was
it's up the top of my head, but they got to take it down because there were certain securities that didn't get matched, and people were just buying drugs and guns, and we don't really want that. Yeah, so the growth, I think you're referring to. If that's the... Yeah, yeah, yeah. You're still in jail.
I can't remember his name now, but there's a big documentary about it and all that stuff. So yeah, we don't want to go down that path again. Yeah, so that's why like we're vetting really on merchants on see what the products are and giving them that verified trust score and then that's how we make our business model. That's how we're
going to be taking one to two percent of their transactions. If it happens, let's say we're to take one from an unverified seller that you can get verified within honestly less than 24 hours. Values will go, someone will manually check what the shop is, what they're selling,
And if it's all good, then they become verified. But if they're not and if someone sold illegal goods and we profit it from it, then we get, I don't know if I'm allowed to swear. Can I say the effort? Can I say the F bomb? Probably not. Anyways, we can get screwed over if we're to profit from illegal goods sale. You can definitely draw some
bombs here. I've done that multiple times. So no problem for us. But yeah, the more I think about this problem, I'm sure you guys have thought about it way more than I have, but the more that I think about it, the more it becomes like a trust sort of review. Yeah. Probably
I've always said the core a swift isn't an e-commerce platform. It's a trust score. It's a trust protocol. Yeah, yeah, you're creating trust through trustless transactions and giving your sub credibility with a unknown identity. Yeah, yeah, it's
And in some cases or in a way, it's a bit contradictory to what blockchain and decentralization stands for, right? Like no barriers to entry, anyone can have a wallet, nobody has to verify themselves. Okay, I see themselves. So it's a bit of a, I wouldn't say gray area, but
It's a difficult problem to tackle. I'm sure. Maybe that's why nobody else is doing it. We didn't want to do KYC because no one really knows. The whole point of watching is having data secured. That's what we thought about these other ideas. The trust score disputes.
things resolved for us with our smart contracts and with the validators set in place. I mean our biggest thing that we're really excited for is our Swift Guard feature. Right now I mentioned having the integration with Kepler. How are we hoping about that? Nope.
You mentioned Kepler, but I don't think you mentioned this. Okay, so this is new alpha that we just announced not too long ago, but Swift Protocol is introducing a solution to secure user shipping information without exposing it on chain by integrating self-guard with a new feature called SwiftGuard.
and innovating the approach to ensure the seamless transactions of sensitive information between parties while maintaining privacy and security. Would you like me to go like how it works? Yeah, please do. So essentially first it's integrating yourself with Kepler wallet.
Swift, we retooled self-guard to support encryption using cap-wear wallet. This allows users on the Juno network and other Cosmos blockchains to easily encrypt sensitive information and grant authority to users smart contracts and applications to use their data.
SwiftGuard is also a new data encryption API developed by us. Users can utilize SwiftGuard to allow specific users or applications to access their data. For instance, a user can authorize a Dow to access their email address and
and to send notifications. That's another good thing. Now, receiving, knowing the information whether you received an item, got an order, your order has been fulfilled, it's in tracking, you can get notifications to either phone or email.
Also, the third thing would be sharing information securely. So leveraging this new tech to enable buyers to quickly share their shipping information with sellers in a secure manner. The encrypted data ensures that sense of information is not exposed on chain, protecting the user's privacy.
every six, either one, your wall of the dress match with your shipping address, which has your first or last in any of your address. And then that's how you can get hacked essentially if it's one way. Yeah, I mean, man, this but that was in the detail, man. Yeah.
So this is so much to flesh out. When you hear about it, the first time e-commerce on-chain, I think most people are just like, duh, I mean, why hasn't that happened already? What's the issue here? What's the big barrier?
But now, the more I hear you speak about your solution and the different problems that you have to work through, it just becomes a behemoth of issues. It's a big challenge, really. Yeah. And the last thing I forgot to mention for SwiftGuard is the automatic
So once an order item has been shipped to access, you know, the authority to access the virus shipping information is automatically revoked. This ensures that sellers no longer have access to the virus sensitive data for their enhancing privacy and security. Yeah.
You can just see that the wallet bought it everything is good, there's no dispute and yeah there's no conjunction you know SwiftGuarded in conjunction with self-guard, SwiftGuard provides a secure and efficient way for users to share information and there's a lot of I mean other
other people can leverage this type of tech. Stargaze can use it for their NFTs, right? Getting the location when an item for creators, when an order has been bought and NFTs have been bought, or the floor price has changed.
Yeah, make sense make sense. Little things that you can implement and add to certain parameters to enhance this new technology. I find this is the start of it, but once people have better use cases for it for even their own, they can add it and expand on it and
it can be used without the cosmos. How are you considering NFTs in all this? I know you have multiple partnerships and bringing on multiple communities to your Swiss protocol basically using NFTs. But is that like the
the primary focus that you will have both now and in the future or is it just sort of an easy plug and play way of getting things going basically? I find it can be an easy way to just play around. I mean NFT creators can create merchandise, have their store up.
more utility to your customers who hold your NFT, right? You can perhaps maybe buy with an NFT but it gets where she will share around that type of world. So I guess right now
like for creators having e-commerce like NFT creators can have more utility using e-commerce. Yeah, true. Super. So how does the roadmap look like from
from you guys. You're shipping a lot. I mean, just a quick glance on the Twitter that anyone listening to this open, if they fire up your Twitter, there's a lot going on. So yeah, maybe it talked to us about the way you are now and then where you're heading in the short term because I think the long term is going to
be very difficult to say. Yeah, the long term is hard to say. Short term okay, so protocol would be launching end of quarter two of this year and that focuses on peer to peer transaction, business to
consumer transactions, we do have, we want to create Swift services, which essentially is like fiber, getting freelance workers to post up listings and getting paid with cryptocurrency, having contracts already set in place.
And that focuses on business to business transactions and once you build that ecosystem and connect those two Infrastructures together if you're an e-commerce store that has a manufacturer that wants to get paid in crypto whether it's a print on demand server
for your merchandise, let's say drop shipping. So you order on my site for shipping or for a shirt. I get it print on demand by let's say space merch style, which we've had conversations with.
And they can ship the item to you and I'm like that middleman. That's how you can create that drop shipping aspect and I get paid in crypto and I get paid for the item that I marketed out to the user. So it's creating that world of
bartering and using with crypto. Makes sense. Makes sense. Any other things you want to spill on the roadmap? I want to give you the chance because I know a lot of things going on.
We want to do our own app chain launch because we do want to do that. We just want to get the June community up and running and I find once we launch we figure maybe 12 to 18 months later we'd have our app chain launch. So let's see.
We're to launch by June of this year 18 months later would be December of 2024 Yeah, I see Just out of curiosity, I forgot to ask earlier sorry about that, but why did you guys decide?
I know of course your co-founder was very fond of Cosmos, but there's a lot of ecosystems and chains in Cosmos. So why do you know in the first place?
Very determined so like the link Swift on Juneau has Many advantages that can contribute to the success of decentralized ecommerce platforms, you know the smart contracts the smart contract platform, you know Juneau's powerful smart contract platform built on the cosmos SDK provides more robust
and flexible environment for developing and deploying smart contracts. Interoperability, so the key features of the Cosmos ecosystem, which you know is a part of, it's interoperability through IBC. And it's enabled seamless communication and transfer its assets between different block
and networks. And the scalability of Juno's infrastructure is designed to handle large numbers of transactions efficiently and thanks to its modular architecture design, I guess you can call it like the scalability is crucial for Swift. We will accommodate the growth of its users and the
action volume over time. Makes sense. Yeah, I mean, heads off to Juno in general and what they're building. I think the price action of the token is not doing just to all the effort that the team is doing. But yeah, Juno is awesome. We love the guys.
And very humble people. I mean, Jake and the team are very, very good. Yeah. So, let's give Juno some love. I know people have been at least if you look at the price of Juno, the token, people have been
almost losing faith. But what I see at least from my chair is just a bunch of people, the community just keep building, ignoring any negative connotations or any negative price action. And that's I think whether winners, the true winners.
going to be come up in the next slide. I'm really excited for this next cycle. Yeah. And it's good even for Swift. I mean, we're building in a bear market. Yeah. Which is like that we want to get the product out. So then once the next cycle happens, we're just yeah, we want to see. I don't know what to expect. Honestly, because Cosmo to solve hasn't reached that
mainstream attention. I mean the whole ecosystem hasn't reached that mainstream attention like how other blockchains have Ethereum, Bitcoin, Solana, Polkadot. There's really really good ups. I mean, hospitals right now is in the top 20 token assets. It could be a top 10 within this next cycle.
Amen to that. Amen to that. And it should be. I mean, we keep joking sometimes on our channel and our Twitter that we're still early. I know we're number 22 or something like that on CoinMarketCap in terms of market capitalization, but I mean, those
And so all kinds of ridiculous projects if you ask us are still like way up there compared to Adam so hopefully the next cycle will solve that yeah, yeah Yeah, so the next cycle hopefully we will see Adam really
reaching their true potential in terms of price action, getting at least in the top 10. I think that's, I mean, looking at the Bitcoin price the other day, personally, the price should not be at $28,000. It makes no sense. For me,
I think Bitcoin right now should be at $21,000, $22,000. And I find it's going to drop all the way down to like $14.00. Yeah, it's very, I mean, I can't wait to buy at that price. I think a lot of people are anticipating this. Maybe that's why the price is as it is.
It's just I find right now to fake out especially I mean XRP the hype's doing good But we still have to see what's gonna happen. Yeah, definitely a lot of you know decisions like that that we hope for aren't really made by us made by banks institutions government
We'll see. We'll see what the future holds. But we're excited. Yeah, and that's what that's what it's complicated these days. I mean, the banking sector is just completely messed up. It seems we don't know exactly where we're going and at the same time, people are waking up more and more to the fact that
central banks and the whole system around sensor banking is just not working out for the masses. So we need something that is decentralized, something that is independent of any centralized institution. Bitcoin and crypto in general seems like a good alternative to that. But
And yeah, this is just a lot of turmoil. And yeah, maybe we'll see prices going plummeting like crazy or the other way, people will just pile into Bitcoin and crypto in general because they can see more and more that central bank is just not working out kicking the can down the road.
Well, let's see. Time will tell. What we know is that every four years we will get a new cycle, at least when we're in big current terms. So that has been programmed in. So we can all count on that at least.
So that's that's allow ourselves here at the end to dream a little bit. So assume that everything works out with protocol you execute beautifully all the different things on your roadmap. People are starting
to wake up just like the waking up to Bitcoin, they start to wake up to decommers, decentralized e-commerce. How does Swift protocol and decommers, I guess, in general look like, let's say, five years from now? That's a good question.
I mean, if Swift is protocol successful and executes its roadmap and continues to innovate, then I see that there is a widespread adoption as a platform for matures and gains recognition. It can see widespread adoption amongst merchants, buyers emerging from
prefer alternative to traditional sensualized e-commerce platforms. The diverse ecosystem from sort of protocol, or foster a rich environment that gets over like foster rich and diverse ecosystem of partners including payment process
supply chain solutions and if T platforms are the blockchain projects, it so on and so forth, creating new opportunities for users. Yeah. And I think that's the catchphrase really and what people should take away from this is that decramarists
is taking away, sorry, decommers are giving new opportunities to people all around the world. That's what e-commerce enabled originally, but now, just like anything on the internet in Web 2 right now, it's just been sort of centralized amongst a few.
handful of different typically American companies, which are just becoming more and more powerful if we just continue on this path. And the red pill to this, the alternative route is Web 3. And these are
Socializing all this not having these centralized institutions and that's where Swift protocol might play a very very key part I think yeah, like I find the biggest thing for us to achieve and it might be also one of the hardest things to achieve is the regulatory compliance right? Like Swift protocol
to actively work to comply with global regulations, ensuring its long term viability and fostering trust amongst users and authorities. That's the biggest thing we need in the future. Trust with authorities. Us seeing as a solution for e-commerce, not
bad for e-commerce. It's just something we'd have to prove.
time comes we'll be ready for sure. Amen to that. Amen to that. So is there anything you want to leave the community with tonight or today anything that we missed out that you want to spill before we close this thing off?
So you guys want to shop around using Swift Infrastructure wait till April 12th for Noble and that's when at least you can buy the first product using crypto It will be bracelets friendship bracelets because we're all friends in this community. We want the same future so
Yeah, I think that's good. Thank you for having me. Right on, man. Right on. You guys on your way and it will be very interesting to follow. I'm sure this is not the last time that we hear from you guys. So we'll be glad to join again.
Awesome, awesome. Crossing fingers, man. So thank you so much for coming on and being so generous with your time and looking forward to have you back, man. Perfect. Thank you very much. Take care. Bye.