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Soft Life in a Digital Wallet
Recorded: Jan. 31, 2026 Duration: 1:06:01Space Recording
Short Summary
In a recent Twitter Space, the team behind Do discussed the app's innovative approach to spending crypto like cash, highlighting partnerships with local vendors and the growing trend of digital wallets. They emphasized the potential for instant spendable crypto, showcasing how the app aims to bridge the gap for both crypto enthusiasts and newcomers, ultimately driving growth in the digital asset space.
Full Transcription
Music Thank you. Thank you. Hello everyone, good evening. you
Hello everyone good evening
It's cancer. Call me or confirm that we can hear me play
To be sure that
Any reaction
Okay Good evening everybody
Welcome welcome. this our official second Twitter space how we all doing today oh my god so okay I can see our speaker here already but let's just get the energy up here if it's let
me see some more reactions to be sure that people are following so my name is
Ebu I guess I should have led with that hi everyone my name is Ebu from Du and if you're just hearing about Do for the first time, Do is an app that helps you spend crypto like cash.
So if you've never heard about Do before, feel free to check us out at DoWallets everywhere.
DoFinance is our website, so feel free to check us out.
So while we're here today, let's get right into it.
I'm sure you've seen our topic,
Soft Life in Digital Wallet.
And I have a not so new
here. Thank you. you
Hello everyone this can I say some reactions you can hear me I think I got muted at some
points because I was in a whole introduction okay so let me just take
it again I'm not sure where everybody stopped hearing me but I thought I was
doing an introduction in my mind so hi everyone my name is everyone did you guys get that part okay you know what let me just start again so hi everyone my name is
from do and if you do not know what do is check us out at do wallet everywhere
our website is do.finance we're an app that helps you spend crypto like cash
and um our time is
gone already like we have six minutes of the clock I want to keep it says
running so I can see our speaker here easy he was here for our first space
this is our second space and anyone that knows him and but I followed him knows
easy crypto and just leaves with leaves crypto speaks crypto and before we begin plus that like with questions please
share this Facebook with your friends share it everywhere to make sure that
your friends get to like ask their questions life I mean that's way better
than listening to the recording so um let's get started
hi easy can you hear me you cannot mute
hi good evening yeah i can hear you good evening okay so like let's let's just start with some
more questions um like uh you've been into crypto for
like how long now uh i've been in crypto since um 2018 2019 um yeah so i've seen quite a long time
yeah so i'll say quite a long time
well that's that's a long time i can remember like that's probably when i started uni so
so um like speaking of how long you've been in there uh would you say like using digital assets
digital assets has changed the way you manage your money, like the way you manage your finances
has changed the way you manage your money like the way you manage your finances
day to day.
I feel like I'm just really happy with like how much things have grown since like the early days
since the early days when we had to, it was very hard to control
i think it's just is it just me or can we hear easy easy seems to hear me
oh sorry i didn't know i was native Easy, easy, easy. You're muted. Oh, sorry.
I didn't know I was muted.
Can you hear me now?
Yes.
Oh, I was saying that I'm just really impressed with how much things have grown from back then
when things used to be really hard to go between like the fiat and crypto world so
it's just like really nice to see these um improvements that have happened in recent years
all right so um on to my next question for you
i'll say we're talking soft life in a digital wallet we know that uh suddenly we are like
pushing ourselves to the digital wallet side but let's talk about soft life what does soft
life mean to you in like a financial sense the convenience the flexibility is you being
able to move money like what does it mean to you, like, personally?
I would say, like, self-life is just being able to, you know, do the things that you have to do.
As a person in, like, different, like, areas of life. So it's not necessarily about, it's not necessarily about, oh yeah, I'm doing
this or I'm doing that or I'm earning a certain amount. It's more like just being able to
carry out your responsibilities. Like if you are able to carry out responsibilities without
stress and move along your day to day then i'll
still like you know having like a soft life yeah i i definitely agree with you like what's money
if you cannot spend it and if you cannot like give you ease so um if you don't mind please
can you make a conversation for all of us if you don't mind please can you make a conversation for all of us if you don't mind please
hi precious please can you come again i said can i also answer questions can you make can
i also ask questions not just easy please yes yes sure i mean the more the merrier
okay all right um so are you going to ask me to about my
view on soft life yes okay let's start with that soon what's your own view of soft life
that's like just being a chill guy literally man um typically just being a a a soft boy, just living your life, sweet, kind, chill out there, making it really, and
then just being on your own mind, your business, making your money, spending, when I mean spending,
spending your money and just trying to just enjoy your life.
You only live once literally.
So just have to actually you know be soft and everything so yeah
all right okay so moving on let's let's now move to digital wallet aspect of the topic so
um which parts of using crypto or digital wallets do you still think are very very like
unnecessarily complicated for the average user
i think i'm going to pass this one to easy because that it has been encrypted since 20 years
and so you should have a lot to say about that
hi easy did you get that okay I think he probably didn't get that so precious
hi easy did you get that
you don't think nice it
hello am i am i audible can people hear me
please make a reaction or like an mod if you can hear me i want to be sure that I'm not talking to myself. Okay.
So, precious, easy.
Okay, you can't hear me.
All right.
So, the question is for you, easy. What parts of using crypto or digital wallets do you think are very, very unnecessarily complicated for the average person?
Do you want to go precious
i think like over time crypto wallets have just become much easier and easier to use
like i won't really say like there's that many like the last remaining parts that i would
say were complicated are like the part that are now being so in like this age and time like you
know now we are getting the ability to just spend our crypto through like like that was like one of
like the biggest barriers like i've even heard about like um merchants being able to
accept wallet connected to scan crypto to pay so also like we've had really hard times for wallets
and crypto like on ramp and off ramp like solutions but over time it's just become
smarter and smarter like yeah maybe there's like still like a little bit but i would say like there's anything that like that bigger pain like the last big things that
we've had is really what has been solved like in today's like emerging markets
okay i would like to say big ups to like tech startups that definitely taking all of these issues
taking all of these issues and um you know like giving solutions to this
so um moving on to like crypto digital wallet for someone that's just starting out in crypto like
what are the biggest hurdles you've seen you've probably seen a lot of people who come into
crypto and then they just give up their like're like, you know, this is not for me. What are some hurdles you've seen so far?
Okay, let me throw this to Precious.
Ah, I want to throw me under the bus, this one.
Different people with different fuel of crypto, man.
Crypto, crypto. I'm out of crypto when I started crypto, man. Crypto, crypto.
I remember crypto when I started crypto, man.
Crypto nearly ruined my life.
Crypto nearly ruined my life until, you know, I had to take different directions, you know,
I had to be more strategic, unemotional, and stuff like that.
I mean, it's not just me, me please is it just me that said crypto
on the wrong path um i don't think it's just can i can i add them to my own two pieces um
i'm really one and i'm the cto of dualet uh to give an answer was like just my point of view on this question is for like the actual
crypto natives one thing I feel usually puts me off was having to KYC and not being sure
if my conversions because like it's one thing to to make money on chains another thing
to like get the money into fiat and then p2p was always was always funny because every vendor we
we get our own rates and it took a while for me to actually like get a proper vendor of like the
prop um the top exchanges like binance and bigit and i don't think that like that is
not convenient personally and that that still puts everyone off so that's that's just like my own
i can imagine how that could have been so easy do you want to add to that
could have been so easy do you want to add to that
no i know what i said was like not being able to um easily spend my crypto like the fact that
whenever i wanted to like spend some of my profits in real life maybe like book a hotel
reservation or like pay some pay for some it out i had to like go through the stress of like going through a CX
and converting the thing to like whatever local currency of the country I mean
and then having to wait, have it to a bag.
Like that was very like stressful and very, very like I hated it.
And this is like one of the biggest like problem i had with like wallets all right thank
you for like thankfully we're getting solutions to that already so um moving on let's talk solutions now. Many people struggle with holding crypto and spending it. How would instant spendable crypto change the way it transacts or change the way other people transact?
What do you think is that you're not sure?
Okay, you're on me there, so I mean you can't take it
what did you say again what did you say again let me hear you
i should take the question again yeah i didn't hear the question
sorry i didn't get that i didn't hear the question okay i said many people struggle
with holding crypto and spending it like how would instant spendable crypto change the way
you or like other people transact daily ah instant spending of crypto really right
instant spending of crypto you know it right? Instant spending of crypto, you know,
it just changed life balance, really,
because typically it's like life is just stressful,
like holding your money on chain.
And then you see, there's this thing,
like any money that is still on chain is not your own yet.
Until you take it off chain, really.
So like being able to just spend it like that just you know without
you you know calculating this one that one how you're going to you know move it from here to
the airport a to point b and let's say you're about to just you know book a hotel or just you
know go out and stuff like that you just things would just be so easy for you you know you will
know that yeah your money on chain too is still your money on chain. So whether you're still gambling it or whether you're still putting it somewhere,
you're still able to spend it directly straight up like that.
You know, without P2P, you probably can just swipe your card somewhere.
You know, when you travel, you probably can just, you know,
change the local currency, do local transfers.
You probably can just, you know, do things that you know you want to do with your money on chain, really.
That's just the vibe of just liking about the whole thing.
All right. Thank you.
As a popular billionaire said, the same money that you cannot spend is not for you.
to just spending our crypto instantly so now um imagine having one app where you can receive
So, cheers to spending our crypto instantly.
crypto convert it automatically and spend it anywhere like how would that change how let me let me throw this too easy sorry can you come again i didn't hear that part about okay i said imagine having one app where
you can receive crypto convert it automatically and spend like how would that change things financially like i think like that would be
like a good direction in like um development i think to be a good direction like innovation
generally for like the crypto wallet space and like almost like that's that's going to be the
future of like crypto wallets so like it changes a whole lot changes everything really
okay great uh so let's this is where like a little promotion um
dude definitely allows you to do that so like if you have not downloaded i want you to go to the
app store and start to do it and download the tool app and if you have any questions just keep writing them down we'll come to that shortly.
So now let's go back to crypto and let's talk about people that move, people that move, people that travel, people that are very very fast faced how do you see crypto enabling freedom and
convenience for these kind of people i'm going to throw this question to precious because
is it car example why me please
how do you see crypto enabling financial freedom and convenience for people who live fast-paced
international lifestyles
First piece international life trip to
Yeah, could always travel in from one country to another
Can I build Precious out?
Yes, please
Okay, the simple answer I guess would be like
it makes the global market one in the sense that I don't have to worry about whatever is going on in the country I'm going to. citizen because now i have an app that it would i can walk into any store and i can pick what i
want and i can pay with the card provided or the bank transfer feature whatever it is and
that right there is a big game game changer because as someone who travels if you're traveling and
you're like a crypto native it tends to subconsciously budget even when you don't want to because you need to be like um i'm getting this much fiat and like
i have to be within this limit or i have to figure out the way to get extra fiat in that country and
that right there's just so many unnecessary headache that i think almost everybody has
had to go through at some point and like i said just having one
app to do that would really make life easier because now i can i can't just keep my usdc and
go anywhere read one read one before you go right i like i like the answer but i want to double click
on it because it's it's it's getting a little confusing now we we have an infrastructure
we do that allows you to convert crypto to fiat we don't need to really convert your money stays
in fiat anyway but people want to stay for me i want to have legs on both sides i don't want all
my money in a certain fiat i don't want my money in crypto so i want to be able to move
in crypto so i want to be able to move between currencies between money types easily so for
example now um that what your answer is good for when you're in europe right because you can tap
your apple pay card um you can you can do you can you can use your card right you have a card that
you can use to pay in any store it's easy and in dubai you can use you can use your card, right? You have a card that you can use to pay in any store. It's easy. In Dubai, you can use your card.
But it's not the same when I'm in Nairobi, when I'm in Lagos,
because you can't use those cards to pay on any POS.
Of course, the Naira card works.
But people prefer to accept crypto directly in Lagos
than to have it in Naira or even in USD.
They have no means to hold it in USD.
Most people don't have a domiciliac account.
So what's the use case really for do here?
If I want to be able to stay on chain and off chain within the same app,
I want to be able to respond to payments whether it's by card or by tapping a card or by
sending to someone else's wallet directly?
I know the answer. I just want you to tell
the audience what it looks like,
what the experience looks like on the app.
Okay. Basically, I believe
everybody in the world to some degree,
like everything is backed by the dollar.
So and USDC, USDT happens to be the digital equivalent of the dollar and just some other stable coins.
But like there's like popular ones for one.
What it does for you is we keep your money in like there's a USD account,
which you would actually get the usd equivalent
of whatever you're depositing and then there's an account for local payments and whatnot so
if you deposit it if you send your money to the app yeah the money is held on the app and
you can always withdraw crypto outs from that same usd balance so let me give you an example
i have um let's assume i have a thousand usd c on chain and i send it into doom into my usd
balance on doom and then it reflects i have a thousand on there if i i see that like i'm going somewhere i'm out now i'm out i need to spend i send it to my card word but that's
right and while i'm out i get ping on telegram or discord that you there's a token launching in like
10 15 minutes and you need to get so on or you need to get a dream or peace just you need to get
this currency and just get ready now i'm also a little bit like it's easy for me while out to also
just like okay what wallet am I going to
use get my wallet address then withdraw from to up I withdraw like 500 600 any amount I know I
want to go risk on chain and then I'll put it on there and I can still transact on chain and for
the businesses that do not accept um the USD card depending on where you are at because right now we're still expanding but like
if you are in Nigeria and in Ghana you would still be able to like accept local current local payments
but we are also hoping to get companies and vendors on board because we also had a partnership with
one of the lounges around and it's just so that we would because it's one
thing to have cryptos i think it's like it's one thing for a vendor to be accepting crypto
and that's in for like a vendor to actually keep it because what most vendors that accept crypto
do right now is they give you their personal wallet and they can't really like keep track
of what is really going on with their business they just knew that okay i received this payment
from this guy and that's cool but like it's not really tied into their business day to day and we do they would
be able to like provide a wallet address to receive those payments and also invoice and whatnot so i
hope that answers it does it does so um um a question leading question what what what does
that look like what are the what's the implication in terms of fees?
So if I'm moving all of that money, am I losing money as I'm moving it?
Because that's the greatest fear for most people.
Or it's just regular, you know, exchange rates and stuff.
Okay.
So aside the exchange rates, of all i can guarantee like
the do provides one of the best exchange rates you can get because
we're just giving you live rates we're not really fucking with that i'm sorry
messing with that on my back but um for fees also we have uh a deposit fee of like one percent and
that's just for like to keep operations running on wetlands and
then you can also like fund your cards and spend what puts and the card funding there's a fee of
like 2.5 but that doesn't like that's not with the business because that's with our card providers
and what we've back reached but that's for if you want to like, you're going to feel anybody that has used Binance,
that has used, I don't know, Coinbase,
any like any proper sex,
you always know like there's an exchange fee
and there's also what the P2P guy gives you
as his rate at that point in time.
But we happen to like give one of the best rates
and that's
that's really it. You can also like get more information from the website do.finance if
I'm leaving anything out right now.
Yeah, I think the lack of transparency, thanks so much everyone around crypto is why most
Thanks so much for going around crypto is why most.
Hello.
Hello.
I can't hear that.
I think his mic is up or something.
I think it's you.
Emote or something.
This X glitch, really. Okay, can we keep it moving though? um
sorry for you um everyone can you see so are you there Can anyone hear me now?
Yes.
Yeah, yeah.
I think X is glitching.
Thanks, thanks, Ridwan.
I heard everything you said.
I was saying that the lack of trust is why most people stay off these things because you never know what happens really.
Trust around whether or not your money will come or even if it comes, is it going to come correct?
Because you don't want to lose money as much as, of course, there's basic transaction fee.
And that happens even with regular banking.
You pay a token, a fraction of the transaction for fees.
There's also lack of transparency around maintaining the account.
Because I'm going to touch on that.
One of the reasons why Nigerians really suffered until
the central bank said to make our cards work for us, the USD transactions.
In the world of a certain startup, they would charge us every other day.
If your card declines, you get a charge.
If your card, there's a maintenance fee every month.
It's just a cluster of costs that you'd never understand.
And then when you want to go back to renew that subscription at the end of the month,
you put in money, they also remove everything.
And they tell you it's maintenance fee or something.
Does that also happen with Doom?
Or is there any kind of transparency around how things are...
how money gets debited and credited, things like that?
What's the thinking around that? I think that's the question for each one.
Okay.
Sir, one second. yeah about transaction fees on your card um there's full disclaimer and transparency just
before you create card because some things we can't control and some things we can't control
and the things we can control i try to make it as easy as possible for everyone
because I myself, I'm also a user.
Like, I'm really a crypto native and a developer
in the sense that, like, I just keep,
I build a bunch of tools and stuff for myself
and I use personally,
and that's how I've been trading most of my life.
And for me now doing this is like,
I'm trying to really make life comfortable
for a crypto native that wants to just like do
in the immediate.
What that means is like, do it so quick.
And so if you send your money in to do,
the minute there is like the first on chain
confirmation on whatever block it is we notify you and let you know that yeah okay we've gotten
this we're just waiting for a couple more confirmations and whatnot and like that part
is sorted out now the part of the transaction fees and whatnot when you're about to create a
card there's literally a page explaining that there is, I think, a four cents on every decline transaction.
And that doesn't go to the business.
That's for the card providers.
Those are like statutory.
And I don't know what other startups or other companies charge for that.
But we made it pretty clear and obvious.
And we are not really trying to like
that's not part of the way i see the business growing because i do it in business is really
going to grow is by being very easy and convenient for everybody so we don't we don't hide that if
that answers your question and there is a page literally before you create the card showing you all the fees.
Like there's the transaction fees and there is the, sorry, there's the client transaction fee.
And there is the cross-border or that is if you use your card outside the US.
But yeah, because it's a dollar card.
I think that answers the question because my own fear, like most people's fear is,
bro, I don't want to come back at the end of the month.
I mean, there's people who are crypto natives who use the app,
and there's also people who would want to use us for specific reasons.
What we want for now and the future is that it becomes like a day-to-day use case for everyone, really,
and that people are no longer able to really tell the difference between
whether you're going to receive money in crypto whether it's fiat it won't really matter
as long as you get your money you're able to do whatever you want to do with it
let's go back to the the reason why we're really here i'm going to go back to easy very quickly um
what does i mean i don't know the difference what the difference like in terms of
spending spending money let's not even go crypto um outside nigeria now and within nigeria personally
um last 30 december i think that the financial system in the country has really changed. I'm going to compare two things.
In the previous one, before the last one,
there was a lot of, I mean, a couple of people came from outside the country now,
bought things with their cards,
and then they would go back to wherever they came from to do chargebacks on that card.
Businesses lost money.
There was no body to report to. There's no dashboard they're looking at. Precious mentioned something that I think was a read one that businesses in
the future, they don't really... I mean, that's what we're building to the product, like a system
of transparency that allows them track each transaction as though they would track any other transaction. Think of it like a business dashboard or like a NIPs for crypto.
So you're able to have a do-business account.
You track all your inflows and outflows.
But that's on the business side.
On the customer-facing side, for everyone, what does it look like right now?
If you compare the financial system in the country,
in our country, Nigeria versus what you have outside the country? Which one is easier? Which one is more transparent in terms of raising issues with flagging transactions and customer
supports? Where do you get the most out of your spending really?
Our question is for EZ.
Any question EZ can't answer, it goes to pressures directly.
So, yeah, what does it look like?
Okay, personally, if you're asking the question directly that, okay, where, what industry
really do I actually spend most of my money? Is that really the context to it? I mean,
you know, I answer clearly.
Are you there?
Yeah, yeah.
Okay. Me personally, man.
It's sports, right?
Sports, living well and yeah, and gym and stuff like that.
You know, I'm a tennis player. So literally every other day, if I'm not working, I'm literally, you know, going to play tennis and, you know, trying to do one or two things.
do one or two things and you know this sports is never on you know cheap and all that and apart
And, you know, this sport is never, you know, cheap and all that.
from that you know another thing that really um i really invest in or you know try to invest in
personally from my own personal well-being and growth is traveling you know i like to see different
cultures and stuff like that so really i like to experience things in different places right
so typically like the the the industry that you know makes me actually
want to you know put all my money in is really is really sports then um apart from that right
i'm one of the tech lover i like to actually test different texts I'm going to go ahead and do a few questions.
I'm going to go ahead and do a few questions.
I'm going to go ahead and do a few questions.
I'm going to go ahead and do a few questions.
I'm going to go ahead and do a few questions. We bring him back. If you have questions, please anyone in the audience with questions, please raise your hand. Follow us.
Follow to download the app as we're speaking.
Send us a message, a DM if you have any issues doing
anything at all on the app.
If you have any friction. Can anyone hear me?
If you can hear me, please drop an emoji.
I'm seeing.
So download the app.
Precious is going to continue very shortly.
Let us know if you have any issue doing anything at all.
The edge we do is that everything stays in one one place for you really uh you don't wake
up in the morning and your money has gone from 1000 euro to 850 is that is that confidence that
confidence i have in your op wallet that your money is not going to lose value is also what you I think this X new update, I don't even understand what's going on.
Okay. So typically, how I like to move on the go and stuff like that.
I mean, as a Nigerian, I don't want to actually be going here and there and trying to open back accounts here.
And obviously I'm a crypto native.
And when I'm moving to one or two places, I just want to just be paying anything I want to pay on the go.
So I just use my crypto, pay for whatever it is that I want to pay quickly, probably tap on pay.
Most of all is European. Not just European places. you know pay for where it is that i want to pay quickly you know probably tap on pay you know at
most of all these european not just european places even there are a lot of african places that you from countries that you go to and you know everyone's doing contactless payment that's
even another innovation that you know is looking to bring into nigeria for businesses right you
know contactless payment but before we get there let's just be so you know um just you know, contactless payment, but before we get there, let's just be, so, you know, just, you know, moving, spending easily your crypto,
moving with you like cash, you know, you don't have to, let's say you land in,
you land in, let's say South Africa today, you're looking to actually get rams and stuff like that,
because you're actually looking at...
Hello? Hello? like that because
anyone hear me i can hear you E aí E aí
E aí
E aí
E aí Does this sound complimentary or what? I don't understand.
Can't it be turned off. Thank you. I'm going to go to the next one. . Okay, so can I carry on now? Can anyone hear me? Please, if you can hear me, you can just
raise your hand or something like that. It's precious, I can hear you. Oh okay, thanks. So let's say I land in South Africa now, I'm trying to check in successfully,
taking a ride from the airport to... Even from London, let's say I want to take an Uber,
I probably do not have to start looking for how to get around or something like that.
You do not have to start looking for how to get around or something like that.
I just need to just, you know, get my do-can, put it to my Uber or something like that.
And, or, you know, it's already on my Apple Pay app already.
It's easy to, you know, go book my Uber and stuff like that.
And I want to go to the supermarket.
After I've checked in, I want to get one or two things and stuff like that.
Still, like, why am I trying to start looking for rent
when I have a central currency?
You know, I already have USD on my new account.
I probably go to the supermarket, you know,
pay with whatever it is I have to do,
leave my daily life and stuff like that.
You know, go back home.
I want to go out to a restaurant, you know, to eat,
to have something to eat and stuff like that.
I come down from my room, take an Uber to a restaurant.
I don't have to actually now hold their local currency
because I'm in their country, right?
I'm a crypto native.
Why?
I feel like, yeah, I'm in charge of my money.
Why do I not have to, you know,
when I go here, I have to look for their money, probably.
Plus, they exchange data at the airport. Those are going to kill you, I have to look for their money. Plus, they exchanged it at the airport.
Those are going to kill you, I swear.
Really crazy.
I don't have to start looking for their currency and stuff.
I just need to be able to feel like Jagabank spending my money anywhere I want to spend it.
Because they're crypto, right?
It's like we came on chin, really, because we wanted to be free.
So why are we now trying to stay at the airport looking for
how to change our money anyway tell me chris where are you going to see who is going to change crypto
for its local currency in any new country you're probably going to so all those kind of things just
help like you know make things easier for my movements and stuff like that yeah that makes sense
so really i was talking about 2.5 and stuff like that if you go and check it right these things are
really nothing compared to you know when you're trying to probably change your money to a local currency through crypto when you're a new Bissomware.
But you're probably gonna, you know, mess with you wherever you think you are or you're gonna have a hard time, you know, when you have things that can actually help you, you know, when you're moving in here, it's actually better for you. You know, I saw this thing one time, I think last year,
there was this thing about an e-sim that probably works everywhere in the world.
Yeah, yeah, yeah, yeah.
Yeah, this kind of thing, an e-sim that works everywhere in the world.
Yeah, so like you probably have the e-sim anywhere you're traveling,
so you don't need to buy a new sim.
That's typically what it is for us right or something like i don't know if uh people are familiar with uh
uh what do they call this um financial app um here sorry um uh revenue yeah
typically like revenue anywhere you are like you can just use it to do whatever you want to do and stuff like that.
But, yeah, we're like the new bank for, like, cryptocurrency users.
You know, do whatever you want to do. Feel free, borderless, and do whatever it is you need to do just from one app,
not trying to, you know, juggle this and that, you know, stressing yourself out here and there.
And that makes complete sense to me.
The exchange rate will more than anybody.
It's also, if you're a Nigerian and you live in Nigeria,
the worst thing you can do to yourself when you're a crypto native
is have your money in Nigeria and then be in a country like South Africa.
You will suffer because all the money is in Nigeria.
By the time you change you change to rand at the airport
and you now look at the value of that money versus what you had in naira if you need to
convert to naira again yeah in south africa right i don't know how to do last time in south africa
or rather they would not seem like do right the last time jesus
christ jesus christ i know i had to go through it like i really know i had to go
i had to call my south african buddy like yo bro please i need certain amount of brands please just
come i'll probably will set to you later and stuff like that even at the point i wanted to
see he wasn't even a crypto native about that but oh what's up do you accept no ah he's like no no no no i probably
would have to look for someone to change the crypto for me next thing another juggle okay who
is going to change crypto for me from uh what is it from usdt or whatever solana to to runs for him
we're looking for niggers out there we're looking for guys to change this thing for us.
It was so hard.
And then I won't speak on a personal experience.
Well, the personal experience that happened to me
some time, yeah.
So I was out of the,
I was out, this is a funny thing and very relatable.
Like I don't know what happened.
I'll just say, I a lot of the uk and
i wanted to make a local uh payment there right for a while so i wanted to make a local payment
stuff like that you know and uh i i i got there and i wanted to i wanted to spend some things
and stuff and i was looking for how far I was like,
three people, how far I need your crypto vendor,
I need your crypto vendor, I need your crypto vendor.
Everyone is scared to actually touch crypto.
Like it was so sickening that I bought three guys.
They're asking me, what is the source of your crypto?
I'm like, what is the source of your crypto?
What's the source of your crypto? I'm like, this is money in your chain.
Why are you asking me? Why are you trying to interrogate me?
Like, just change this money for me.
They're like, oh no, they're scared that UK laws, yada yada, blah, blah, blah.
It was so, it was so, so, so so so so stressful like i'm like nah nah nah nah life is not this hard
typically like why would i be holding crypto and and real life i'm going through i'm still
crying on how to actually communicate with the real world yeah when i'm lost on chain when i'm
trying to get money on chain and investing and stuff like that yeah when i'm back into real life i'm not supposed to be feeling that impact that yeah these two
places are different there is a difference between crypto and now there's still a difference between
you know my money in real life it's not supposed to be like that
and you're right it's not it's not supposed to be like that at all, but different countries with different relations,
right?
And I mean, having an app that centralizes everything, you can speak the same language
or you can speak anybody's language wherever you are.
You're in South Africa, you're doing transactions like South Africa and you're in Rwanda, it's
the same, right?
You don't need to scare them that all you have is crypto.
I mean, there's a central currency already,
which is the USD and you can use that.
And as the product grows, actually,
our idea for this product is to grow locally, to be honest.
It means there'll be a time where, of course,
you can actually transact in RANs,
just as we can now do it in Naira,
where you can transact in local currency.
So it brings the local context very close to you, right?
And it's not just that.
It's also that whatever the payment system looks like in that country
are probably going to beat the speed
because crypto is just faster than everything else in terms of payments. Solana for one
is the fastest form of payments
ever anywhere in the world.
That's what the future looks like. It's not
currencies. It's a
single wallet.
Let me try to
tickle some fancy. The nearest
future is not just
Naira, USD. It's probably
let me just mention something. It's going to be Naira usd it's probably let me just mention some things
it's gonna be naira usd gbp um canadian dollars um mexican dollars cds brands and uh euro
so these these are the like you know six currencies we're trying to actually
on board to typically see wherever you are in Europe, obviously,
it has these countries, right?
You know, you can just feel free to be doing separate transfers there.
Then for GBP, obviously, our UK buddies, then USD, YR, ACH,
wherever, locally.
So it's going to be like a local transfer,
just like doing like an op to whoever bank you're
trying to do it to and then see these two all these things are just going to be local transfer
so you can hold it on different wallets i can't hear him anymore can anyone hear him
can you can hear me please drop an emoji i can you guys can't hear me? Jesus Christ. Hello? Can anyone hear me? Hello?
Yes, we can hear you.
Oh, okay, okay, okay, okay. I think Dara is your, you want to change your speaker.
So yeah, so we're just trying to, you know, integrate different rails, you know,
off-ramp rails for people to actually be comfortable whether they're in Europe, you know, whether they are in the U.S. and stuff.
You know, it's going to be really local, you know, transfers to local banks and stuff like that.
So, it's not stopping in just Nigeria.
We're happy to just, you know, take it borderless.
And then, hello, Dara?
Okay.
Yeah, so Penny when Dara comes back here. So so we're trying to just take the border letters
I'm not trying to just tickle Nigerian um and just stay local here in Nigeria we're trying to you
know actually make it a thing you know there's and I'm seeing this news about people actually
coming back to Nigeria and saying Nigeria should actually give them the flow, really, that they're sorry
for leaving and blocking people's accounts with about one, five, this and that, without
even returning anything.
And they're coming in, you know, with partnership and saying, you know, they're here, bigger
and better.
Nigeria has actually grown tech savvy.
So that's why they're coming back now.
And whenever I look at that thing, I've seen that, you know, I came across the news like about three months ago
before it actually got published
and I'm like,
why are these, you know,
white guys or, you know,
these foreign, you know,
tech companies actually using Nigerians
to actually play games, right?
You know, like it's looking like
we by ourselves,
we can't build things
that actually function for us, right? We know, like it's looking like we, by ourselves, we can't build things that actually function for us, right?
We can't build things function for us.
Apart from the fact that our government is very rigid,
I think that is one of the reasons
why these foreign companies actually run with the Pumbo,
because at the point they start,
they start,
transacting and start doing business in Nigeria,
next thing, government is coming from them.
Government is telling them you have to do this,
pay this fine. Yeah, I'm suing you for this. People are using you for money, laundry, people are, government is coming from them. Government is telling them, you have to do this, pay this, fine.
I'm suing you for this.
People are using you for money laundering.
People are using you for this and that.
Apart from that, they are always scared to actually come and service Nigeria,
though even if they come to service Nigeria,
probably they're packing up within the next one to two years.
It's not making any sense.
That's what they're doing now.
I'm like, why is PayPal coming back after
like four years or something like that? After taking people's money, freezing accounts,
and you're coming back, and the government actually lets you come back. No, nah. We've
actually grown to this stage. You know, we have to build our own infrastructure by ourselves
and use our infrastructure. I checked the contribution to GBP the other day.
The news came out last week or just day before yesterday, right? And I'm seeing that Nigerians,
right? As much as we are thinking, yeah, giant of Africa, this, yeah, we embody all those
things, right? Nigeria is adding about up to 10% of global GBP contribution. If you guys don't know that,
like we are real big spenders here in Nigeria.
Apart from, okay, yeah,
investors are not coming and stuff like that.
Nigerians actually go abroad, right?
And that scale is actually coming from,
you know, settlements.
Financially speaking,
it's coming from settlement
that comes out of Nigeria
to actually settle, you know, internationally.
And we can now look at this thing is coming from Nigeria to actually settle internationally.
And we can now look at this thing is coming from Nigeria that actually travel and try to actually spend
their Naira settlement.
This is not just even coming from people
that are actually now spending crypto.
This is just people, Nigeria trying to spend their Naira
that they have locally abroad.
And we are scaling up to 10%.
No African country was in the top 10,
and Nigeria was about number five.
Do you understand?
So we know that, yes, we have need for these things, right?
But the infrastructure, it probably has to be,
it doesn't have to be these foreign guys coming to give us
some policies that, yeah, this way you can use us,
this is no way you can use us.
We are going and we are going gonna come back at this certain time, you know.
And we move past all this in this 2026,
we build our infrastructure by ourselves,
we don't want to be waiting for these guys to be,
you know, controlling us, controlling our funds
and stuff like that.
So if being Nigerian actually making this kind of,
you know, expense and stuff like that, man,
we don't need to now be finding it difficult
because after that 9.9 percent I can't beat my chest that's not really half of what Nigeria is actually
spending man we are too big for that and that's really not you know just what Nigeria is spending
here but yeah don't worry do is here for everyone we're here to actually you know make it as a mainstream of actually spending your crypto.
And we started looking for just crypto natives.
Trust me, we wanted to just make things convenient for crypto natives.
But along the line, we've gotten different people,
let's say normal individuals that are not crypto natives,
are like, oh, please please we want to actually onboard you because we we have a problem and we need to actually use your usd cards on our
contact x payments like apple pay and stuff like that you know there are actually demands for these
things they're not like you know we've been getting texts dm and stuff like that telling us oh we we
don't have crypto how are we going to use you? And honestly, the main idea of Hudu
was actually for crypto natives, right?
Well, we are going to make that, you know,
bridge for normal individuals to actually come on board,
you know, get, you know, use of our features,
suspend, you know, abroad, locally,
like, you know, transfer, SEPA,
probably GBP and wire ACH and stuff like that and to also use our cards, our centralized, transfer, SEPA, probably GBP and wire, ACH and stuff like that.
And to also use our cards and centralized GLED card that works for Google Pay and Apple Pay,
because it's not just crypto nets that actually need it.
As far as we wanted to just service just crypto nets, well, you know,
I'm sure even not everyone on this call actually, right?
Or sorry, on this space is actually crypto native.
So there are probably other people that are interested in the platform
or in the future of the platform that are also here and also need those things.
So Dara, are you back here with us?
Hey, I'm back. Can you hear me?
And I heard everything you said, actually.
That makes a lot of sense.
If we are doing that much volume, why should we be pandering to them to
yeah and then eventually when when when when someone wanted to go
you know to solve this problem thinking they can solve the problem they went back to pay
to that to those people to to come back and we're already we infrastructure that's solved the problem yeah yeah yeah
yeah i mean
i'm happy to take
questions if there are questions in the chat
please take one
or two questions before
before we leave
we're going to be on almost every other
week moving forward,
giving you product updates, sharing stories around how people are transforming
their financial experience in and out of Lagos. We do. I'm happy to announce to you
that most of the people who use these products really are women. So that will tell you how easy it is to use. It's not complex at all.
You're not going to know the difference from using, say, a regular financial app. It's just
a much more intelligent and elaborate infrastructure. That's what it is. No delays for payment. Everything happens almost instantly.
You get notified when all of these checks are happening. If there are questions, the last time
I could not see anyone's hand up. So if you have your hand up, please. Precious, if you see anyone raising their hand please let me know
I don't see any questions
nobody raising their hand man that means we're as
clear as possible
yeah
yeah
thanks to everyone for joining
this space like I said we're going to be here
every other week I want to
bring finance
close to you as close as possible transparency too you're going to know the people you should know the
people who are behind these products right so it's not um it's not products with no face behind it
and the guys will be this product are not necessarily crypto people as much as they
think they are they are finance people really, who are just interested in crypto.
Someone's hand is up.
Tell me.
Let me try to bring you in and get you to ask your question.
Can you request to speak?
And then I'll approve. I think you should be able to speak now.
Timmy, are you there?
If you can hear me, drop an emoji, please.
Yeah, I don't think that person is coming.
Do you have a question?
Precious, can you hear me?
Yeah, I can hear you. I think people are raising up their hands,
but they're not requesting to speak.
Is that the problem?
So if you raise up your hand to
speaking to request to speak and then we approve,
and then you can ask your question.
I think you can request to speak from your mic,
you know, where you tap it and then you request a space. OK, we're not getting any requests.
We're always in the DMs.
I'm happy to respond to your questions.
You can reach out to us via the chat within the app.
Send us an email.
GM, GM, guys.
Can you hear us?
Hello. Can you hear us? Hello?
Hello? Dara, can you hear me? Yeah, I think there's a problem with mics, right?
Nobody can be hearing. Have you accepted people to speak with this?
Yeah, yeah, we've accepted a few persons, but they can't speak.
I think there is a glitch with the app.
Okay, let's try it.
Okay, yeah, yeah, yeah, we can hear you.
This is Dippler.
Hello, hey.
Y'all trade on chain like Solana?
Y'all use Action?
Y'all got any tips?
Like advice?
Okay, we don't like to give financial
advice here.
That's fine.
What are you talking about then?
Because there's a lot of roads.
I want to know what exactly I need to be looking
for because it's just roads.
