Hello, Arvina. Hello, Kudam. How are you doing guys?
I'm good, I'm good. How are things at Aurora? There is busy. We are getting ready for e-dampers. There is going to be a lot of announcements happening. So yeah, exciting. Awesome, awesome.
What about mere week? I Yeah, no, we're just building something something used to and we can't wait to announce Okay, look like we're all here. Yeah, everybody so hey
Patrick. So welcome everyone to our to the space today. We are very lucky to have Ariana from Aurora to go host with us this time. I am Kudam. You guys might know me as Kudam 321 on Twitter or across
was every like or near related television channels. So, Arana, how about you introduce yourself? Hi everyone, I'm Arana and I work as the content manager for Aurora. I guess that everyone is familiar with it, but
It's an EVM based on near and basically it provides a solution for developers to build their apps on an Ethereum compatible environment but with not the same issues. So it offers high speeds, colorability and low transaction costs among many other things.
also awesome and our main guest today will be Patrick from C14 an on-gram platform that have recently integrated with Aurora so Patrick why don't you give us here a little background of
What is C14 and what's your role at the project? Yeah, of course happy to be here. I had a BD at C14 or a small team, so a lot of us do a lot of things, but I pretty much do anything that on the tech side. We have a talented dev team who handles all that.
We essentially see ourselves as the next generation of Fiat ramps. We came into the space and our founder has a lot of experience working in the ramp space specifically. And we kind of saw that a lot of the legacy providers were doing the same things. It was kind of the same user interface, the same experience.
same KYC flow, the same kind of focus on credit and debit cards in established markets. And so we're doing things a little bit differently on the asset side. We like to list ecosystems early on, which our our integration kind of speaks to that. We want to get here early and we think our our will be
a big growing ecosystem, especially going into the next cycle. We also can list a lot of longer tail assets. So if there are project tokens that want to list their native tokens, we can get those up and running very quickly, whereas other ramps can't. We have our regulatory and processing infrastructure all in-house, so we could
make those decisions, whereas most of the legacy ramps have are sort of beholden to their banking partners there. So that's sort of an advantage on the listing side. And then like I said, on the coverage side, we're very focused on emerging global markets. So we launched in October with US coverage. We added
Canada and the European Union shortly after that. So we had credit and debit cards around the world in those markets. And that was sort of our table stakes, our let's get the top of the ground. And then our first sort of voyage into or venture rather into our focus on emerging markets was Brazil with a picks integration.
And we'll add Mexico with a space integration and those are both very widely adopted payment methods in those markets and payment methods that people really use on a day-to-day basis and would expect to use with something like this. So that's sort of our next focus coverage wise and really one of our big values.
propositions is we want to add a lot of these very well adopted non-card payment methods around the world and really allow meaningful access directly to digital assets. So people don't have to go through central exchanges. They can buy directly and participate directly in the ecosystem from there.
Okay, awesome. So firstly I want to warm up the spree by some these other questions, but you already wound it up by some really cool introduction, but I guess we're gonna do it anyway. So
I typically tell too much information, so I think that's a better problem than not enough. Thanks, thanks, thanks. So are you familiar with the forefront? Patrick. Yeah.
Okay, okay, so let's jump right into it. Okay, so basically we will ask the guests some two option questions and Patrick here will choose his preferred options. So Bitcoin or Ethereum?
I mean, I don't want to make anybody mad, but I'm an eat-matchy. Okay. So, so Ethereum or Outscoring?
on the space I'm going altcoin because I'm directing my I'm going toward Aurora here with these questions. Okay. Hot wallet or co wallet?
No one hacked me, but I prefer how well it's made to so centralizing or decentralized issue. Definitely defend.
I think you know, I see a world where they flip caches and volume in the future Go go prove of work or prove of state
Probably stakes for me, but I can see our givements for both. Okay, on of rams or P2P.
Well, I'm definitely a fan of ranch. Thanks, sir, too. Volatine currencies are stablecoin.
I'm all four volatility. That's what got me in the crypto. We all need the generates. Who are they trading?
I think I'm somewhere in the middle. I don't do a lot of flipping day to day. You know, I tend to have, you know, short-term intern positions. I see, I see. Except for ETH. Okay, so the last one is NFT or define.
Definitely on the D5 side of that. Yeah. Okay, I feel like we have a lot of similar stuff. Yeah. Yeah. Okay, so feel like we we know each other a bit better. So that's what the WOMAP like an intuit our main show today.
Are you on? Why don't you go ahead with our first questions? Sure. So maybe to understand a bit better what C14 offers, could you perhaps paint a little the current state of WebTree on
And like what are the most common problems that people encounter when they want to buy tokens? Yeah, I guess it's sort of a two-pronged set of problems. It kind of depends on the user and their geography. If you're in a place with good central exchange,
For example, if you're in the US, it's really not that hard to set up a Coinbase account and buy assets. The problem is that I think the last cycle, there was a lot of volume around buying cryptocurrencies. There wasn't a lot of reciprocal volume on people actually going on to
chains and taking on chain actions and participating in the ecosystem. So there's a lot of people that held a lot of crypto for the first time on central exchanges and all they really knew it as was sort of a financial investment, right? Coinbase was no different than Robinhood to them. And I think we definitely
saw this last year sort of the dangers and that being how people understand crypto and digital assets and custody. A lot of people got burned for sort of falling into that trap of trusting these central institutions to take care of their funds and take care of their coins and then
only seeing the most financial investments. So when you have that situation where they're just buying things on texas and leaving things on texas, it doesn't really help adoption that much. It just kind of helps the price. And to further that, I do
It becomes very difficult for people to get from a Cax to the actual ecosystem. It's easy to sign up for a Cax account and buy things because it's an interface that people are used to. They click purchase on the asset name. It's a whole other onboarding experience to figure out how to set up a hot wallet and send to it and connect it.
things and it's very scary and intimidating. You know, it was like so long ago for all of us that we did those actions and those actions were kind of like connecting to sites and approving swaps and you know, these things were like new for us when they were new for everybody. So we aren't as intimidated by it, I think, because we kind of saw
the birth of it and got to get a custom. But for people that are coming into the space, it's really intimidating to do these things and everything feels kind of unsafe and risky. So kind of allowing people to bypass the difficulty of transferring assets, doing the tutorial stage at the stage where people set up the wallet
and allowing them to purchase assets directly and send them to that wallet, I think is really important. So if we had a situation where the wave of retail is not going through taxes but going through something like C14 or whatever ramps are available in their area, they're actually getting the assets on their own wallet. And I think because they'll have that extra responsibility.
responsibility, they'll take the time and effort to learn a little bit more about how this works and what they can do with these assets aside from just sort of hold them and somebody else's wallet. So that's sort of a really interesting idea that I think there's a lot of value in building something like what we're building because people are directly
accessing these assets and they'll then get to use them on the networks and when we integrate with a chain we're really supporting sort of retail inflow into that chain and that's why I like to get integrated early before everybody comes. So that's sort of one aspect. The other aspect is that in a lot of countries so if you're outside of the US
It's a lot of sort of card access. You'll go on a lot of these legacy ramp sites and they'll say, you know, we support 180 plus countries. There's a reason they all use the same number because they're all flipping the same switches for credit debit card coverage around the world.
And that's great for people with credit cards and debit cards, but for the bulk of the world, you know, the majority of these countries' populations don't use credit their debit cards. It's very difficult to go one by one in these markets and figure out how to integrate the most adopted payment methods.
And that's what we're doing so we can't flip on 180 countries. I mean we could with good cards, but like I said, it would that relevant, but we can't flip on 180 countries in a way that would be meaningful. So that's all we're going one by one, preserving the first one, Mexico being the next one.
on, we're turning on about 15 more in a batch after that. And so kind of just solving both of those problems, one, allowing people to get assets directly and hold them in their own wallet and use them on the ecosystem. And two, allowing people who
don't really have meaningful coverage right now to actually access these assets with a payment method that they're used to using, whether that be Pics in Brazil or Spain, Mexico or Mobile Money in Kenya, you know, the whole range of alternative payment methods.
Yeah, that sounds really important and really great that you're trying to build such an option because indeed it's going to be very necessary if we want to make it more accessible and reach mass adoption of Web 3. And yeah, I'm
What is your approach to the KYC? Because in many on ramps or before you mentioned coinbase, there is a lot of things that are requested and I wonder what's different on C14? Yeah, it's kind of a similar answer. We tailor it to
the geography. It's not sort of one blanket approach. KYC is sort of, it's a double-edged sword. In some places, there are a ton of requirements for, you know, us to KYC users, but it's the number one attack vector against a business like us.
is organized crime and fraudulent credit cards and chargebacks and things like that. So in order for us to operate, we have to KYC people to an extent that we can say with a very high likelihood this person is not a fraudster and that's really the rationale behind why we KYC. So most people will just do the same KYC
flow for people no matter where they are. Kind of just do a turn it on button and you know whoever falls off on that page falls off and whoever makes it through makes it through. Our KYC when we launched looked very similar to our competitors because we had to start somewhere and now we've been working to sort of refine it based on
on special circumstances, there's not really one size fits all where we can reduce the burden for everyone. But if people have certain characteristics or, you know, without giving away too much to anybody who might be listening and trying to defraud us, there are certain
characteristics of somebody that visits your site where you can say with much higher certainty that this person is probably not fraudulent. And we're starting the process of working that in for various geographies where, you know, maybe if you have these certain characteristics, you don't have to give this
information. And maybe if you have these characteristics, you don't have to give this information so that for each user we're verifying what we need to verify, but as much as possible, reducing that burden. And we've done that with some certain, you know, there are certain partners
where they use our widget and they already KYC their users. So we turn it off for those people. And there are things like that that we'll keep doing to reduce the burden as much as possible. But unfortunately, if it's not really a here's the solution for everybody answer here, it's really
just a lot of work and figuring out sort of what we can do for various cases to reduce the KYC. But yeah, you know, as far as a technical thing, it's as easy as it gets. I think it takes two to three minutes to go through
our flow the first time and you'll store a payment method and from there on out you can log in with your phone number and complete a transaction and you know I've done it as fast as 10-15 seconds. So you know there is the KYC but once you've done with that you can use it forever really easily wherever it is.
Okay, that's nice. Yeah, KWC sounds like a hard one to manage.
Yeah. Okay, so before I pass on the mic to Kudam again, I'd like to ask you what differentiates a C14 from other on-grams? What are the things that are setting it apart? Yeah, I guess there's sort of
I mean, there's there's there's a few things I can kind of just run through them. The first is we built it as an embeddable widget. So our idea is not to be like the current setup where you typically are redirected to another site. We think, you know, we we have some ecommerce background on our team and every time you redirect
somebody to another site to purchase something. It's a pretty confusing and poor user experience. So ours is invelible and we're happy to help people embed it really easily on their website so that there's actually a cool example if you go to Endemic, which is an NFT marketplace on Aurora. You can see a really cool example of how they embedded it.
And I think that just makes it really easy where you can top up your balance and we see it as kind of like a shop pay for Shopify for the different ecosystems that we integrate with. So that's sort of the first reason just from user experience. Another thing on the UI side, we're always testing things and improving things. If you used our ramp the day we went live and you used our
our ramp today, it's probably a 10X better experience. And that sort of just speaks to us being a young, hungry sort of next-gen ramp company. It's my opinion that the legacy providers were not very incentivized to optimize their user experience. They were making some
much money during the bull run with what they had that it wasn't really, you know, not necessarily a fault. There wasn't really an incentive there to make things optimal from user experience. But for us, like, we're going to fight for every piece of market share we can get. And that means making the best user experience we can
so we're constantly taking feedback and changing things. So that's, I guess, on the UI side, some different shading factors. On the asset side, like I said, we do have a lot of flexibility in what we list. We can list on-chain projects, like I said,
If there's a DEX on Aurora that wants to list their native DEX token, we can do that. And we've moved very fast. We launched an October with one chain. I think we're up to seven or eight chains now with a few assets on each one. So we can move very quickly. I think we'll onboard three chains this month.
much faster if you've ever tried to get a ramp to integrate with your chain, than our competitors there and much more flexible in terms of what we can list. On the coverage side, like I said, we are very focused on new payment grants that don't exist yet that can provide a lot of value for people using these well adopted alternative payment methods.
I think we were the second ramp to create a tax integration in Brazil and we'll be the first to do the SPA integration in Mexico. And SPA is the most widely adopted payment method in Mexico. So yeah, we'll just continue sort of a breaking new ground on the payment rail side as well.
And that sort of sums it up. There's sort of a fourth component that's more of a B2B aspect. I don't know if it's as relevant for this space since this is more about users and what makes it better for users, but we also have some. Oh, for sure. For sure. Yeah. Yeah. Yeah.
We have some cool tooling on the backend for our partners, whereas most people, when they give you a ramp, if somebody else builds your ramp for Aurora, they'll kind of just deliver it to you and that'll be the end and they'll move on. We have some cool tooling on the backend that allows us to optimize things on a per partner basis.
Awesome awesome So as we are already speaking about like product So I kind of want to ask like what is the hard part about the hardest part about building an on-wraps like is it the 10-core part harder or is it the the regulation part harder?
I mean, this is especially true given we launch this at sort of the pico bottom of the market. So it's been it's been interesting. I think the KYC aspect has been
I mean, it's the same problem that everybody faces. It's not unique to us. But I think because we're actually trying to be proactive and solve that problem and there's not an easy answer, that has been the hardest part, but not hard in the sense that we're not going to do it. Just hard in that it's going to take some time and effort.
It will always be sort of a thing we're working to improve. I don't think they'll ever be really in end state there. It'll be just something we'll keep trying to make better in sort of on a per jurisdiction basis. Yeah, I would say that that's been the most challenging thing from a partner and
and sort of finding partners and projects standpoint. We've had some really great feedback, I think, due to a lot of the differentiators that we've discussed. If there's any projects that are listening, building on Aurora, they want to embed the widget. Please hit me up here on our website. We can get them embedded in a day.
if you'd like it. So there's not a lot of friction when it comes to onboarding, so that hasn't been too challenging. But really sort of solving a lot of the problems that the legacy ramps never bothered to solve has been our challenge. Since there's not a clear road map there, we're kind of the first to do a lot of these things.
Okay, so the next one is a bit personal based on my personal experience, but so me and myself are living in Asia, so I rarely use on or off-ram services because the reason is not
many services support Asia countries. Like today before our conversations, I want to try our C14. But I saw you guys haven't support Asia country yet. I know it is a regulatory related issue, so no
So then what I what I usually use is to convert between free and crypto is it's p2p you know like sex always have a p2p market so people can buy and sell stable there so so I kind of want to ask
like from your perspective as someone who is developing an online service like what is your opinion on PTP market services and how do it compare to online offerings? Yeah I think they both have a place in the world.
So our sort of philosophy here is not that we want to be the be all and all solution for everybody. I think it's impossible for one organization to do that. Our goal is kind of to look at the current landscape and fill in the gaps. Right. So just like you said, there's there's not a lot of ramp coverage in Asia. And if there is, it's usually
people turning on card resentment, right, which isn't that relevant. We actually Asia is a focus for ours this year. Obviously, there's some challenges, so we didn't launch with it or we would have taken a while to launch. We're kind of finishing up a lot of Latin American integrations right now.
And then we have some interesting integrations in both Africa and Asia that we want to work towards and do a few countries there this year just to sort of make inroads and kind of be the first examples of us moving on to those continents. So yeah, we do have a
a Southeast Asian integration that should be live fairly soon. I don't want to give any dates or anything, but that'll be sort of our first example of an APM integration in those parts of the world. So yeah, it's definitely a focus. My apologies. It's not live now, but we will make that happen for you.
Okay, okay, I'm looking forward. Okay, so speaking of expanding like so, so what is the what is the protein plan to to expand more like on
on two sides specifically. So as we said before, like expanding to more countries and I also want to touch about expanding to more pavement
and I'm expanding to more networks, blockchains and protocol. So for now, how many protocols have been integrated C14 with your
Yeah, I'd have to look and see the exact number. We started with one chain in October. We have about seven or eight chains now. And there were sort of two sides to that. Like you said, there's us building the integration to where assets on that chain can be made available. There's us pushing the assets live and that could be
the sort of the native chain token like honorora or it can be sort of project tokens as well in addition and we've done some of those integrations to date. If you check our Twitter you can see some of the more notable integrations in terms of projects and betting the widget. We were very new so it was a
little slow and hard to convince people like no we're a real project this is real and also people just you know again it was the bear market. A few out ramps weren't their primary focus. Their primary focus was how do we survive and you know as a product that has a lot of retail user flow it
it was not a top priority. It took a while for a lot of these conversations to come to fruition. I think there's a lot more optimism in the market right now. Something like our tooling is more attractive now and a lot of these conversations have been a lot easier. If you check out our Twitter, you can see some of
our embeds that we've just done. We've announced some chain listings the last couple of weeks. We just announced that Pangolin now has our widget embedded. So we're starting to see a lot more good embeds. We have some unique project integrations coming up as well.
really proud to talk about, but probably another week or two before we can announce those. But yeah, we are more than happy to work with anybody who wants to embed the widget. We have a roar on there. We'll probably add ETH on a roar there pretty soon as well, so you'll have the native and the gas token available.
And anybody that wants to embed that is building on Aurora feel free. And that's the same value proposition we have for any chain that we integrate. So yeah, I guess the short answer is was a little slow at first, but it's definitely picking up now. We've had some pretty notable ones as a blade, especially Pangolin, which is a pretty large project.
Awesome awesome awesome stuff So so how about payment methods like you guys you you mentioned earlier that you guys don't want to focus only on on on a ramp with debit or or Yeah, like Bp is a car in overall suit
What kind of payment method have you guys integrated and what was in the future? Yeah, so we started with credit debit cards in US Canada EU. Like I said, that was sort of our like let's get this up and running with the same things that WBLS has because these are easy to turn on for us.
We flipped on Pix payments in Brazil. Pix is very well adopted in Brazil. It's sort of like Menmo meets bank transfer. And that's been really cool to see. We have a lot of Brazilian users now, which is fun, because I get to practice my Portuguese sometimes. And then we're turning on Mexican
Mexico with space, space actually the most well adopted payment method in Mexico. It's a bank transfer system from the central bank there. And that'll be sort of our second one and that'll be the first, the first of its kind. Like I said, I think there's one other ramp that has picks in Brazil, but nobody has spain Mexico. For whatever reason, I don't know why it's a great payment method.
It's a giant market, but yeah, that kind of speaks to the inertia of legacy providers. We'll turn on some more card-presentment in different countries in the meantime just to give some people there that have cards the option to buy. And then, like I said, we have another alternative payment method in a great
coming in Southeast Asia fairly soon, depending on a few factors. But again, we'll always just look at what is the, you know, what is a well-adapted payment method in this country that we can integrate and we'll add it there. You know, the transactions are separate by us accepting Fiat as one transaction, ascending the crypto
to the purchaser is another transaction. So because we only integrated on one side in terms of the odd payment, it makes it a little easier because there's nothing on chain there. So it's sort of just creating a mesh of back end payment providers for accepting the odd. Yeah, and that's sort of our goal moving forward.
So moving forward just out of curiosity I was wondering like how do you on our or RAM services make their like the pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro pro#
or like because I see you guys put in a lot of works but like how do you guys own some profit out of it? Yeah, it's really a volume game. You know, we're preparing for bull run volume, which is where we'll make the bulk of our profit right now.
We're VC backed. We're happy to build and do what we can to get the option and sort of prepare for a high volume market condition. But yeah, it's exactly that. We have a very reasonable fee structure. It's 2.99% on credit debit cards. I think it's 3.99 for most of us.
I'll turn the payment methods. Sometimes that can be a little different depending on those and that's even lower margin because those are pretty expensive to integrate. But yeah, there's a lot of cost upfront for us to onboard somebody. We have to pay to KYC. We have to pay for the credit card transaction. We pay the network fee as well, which doesn't
matter or the user pays a network fee, but we have to incorporate the network fee. Which doesn't matter on a roll, it's a penny or less, but it does matter for e-bass sets. That's really the only case where it matters. But all this is to say, there's a lot that goes into allowing somebody to trade
for crypto, it's a complicated structure and there's a lot of little expenses along the way that people might not see because it's in the background. So our business model really is built on returning users and sort of building a user base that
that trusts us and uses us to onboard into new assets. So that's really what our model is focused on. It is getting the widget wherever we can, making that orange little rocket, white rocket outline source of trust for people and something people are comfortable using to get a variety of assets.
and building a loyal user base because typically on a first transaction we'll lose money. We pay a lot to a lot of people to do it easily the first time. And really where we have our revenue model is on repeat transactions. So a little behind the scenes info on how ramps work.
I see I see interesting So I think we should move on to another aspect of the space today is the the relationship between C14 and our role
Maybe Ariana can come up with some questions on this. Yeah, sure. Well, first I'd like to ask why did you choose Aurora or what attracted you to Twitter?
You know, I traded on Aurora last year. I had a great experience and I had sort of, you know, I'm a believer in what Aurora is building. And I think in EVM on the air is a very bullish narrative moving into the next cycle. When I, you know,
sort of interacted with the team. These feelings were even more emphasized because I've had great conversations with everybody there. We've had a great sort of telegram group to move this forward. When we launched Aurora was one of the first projects that we started talking to as well just because
it's one that was sort of on the top of my list. So yeah, it's been a great experience all the time and we've been happy to build here. I think it's a really cool place to be right now. There's a lot of new stuff coming online and we can get embedded there and sort of be present throughout the ecosystem when retail and flow starts ramping up.
And do you have any partnerships with Aurora Projects?
Yeah, we've had a lot of conversations so we should have some more integrations coming soon. The one that I really like so far is Endemic and FT Marketplace. So if you go on Endemic, I think I have a tweet actually where I posted sort of a screen share.
me going through the widget and buying some Aurora on endemic, but they did a really cool embed where you can go into the sidebar and click by Aurora and it pops like a little embedded version of our widget there. So super easy to top up balances and use that to get NFTs on endemic. And let's sort of move.
An example I use a lot because I think that's the best way to embed our widget. It's sort of put it right on the site and make it really easy. You treat it like a top up button, which is when you have a repeat transaction. And in like 10 seconds, if they don't have enough gas, if they don't have enough Aurora, they can just top up their balance really quickly and get whatever they want.
Cool. And in the near ecosystem, what has been your experience and in general the reception of your project?
in the near ecosystem in general. Yes. Yeah, we've had a lot of good feedback. I think there are certain geographies that once we turn on, it'll be even better. We've had a lot of users from India and Asia asking us about rank coverage and we don't have
that right now. So I'd like to get some of those coverage areas on board and then I think it'll be even more relevant of sort of a value add. But yeah, we've had a really good experience in the ecosystem so far. I think this is our fourth AMA, which is four more than we've done with
other chain integrations. And we've had a lot of sort of cool co-marking opportunities. We've done some giveaways. I mean a lot of chats with a lot of sort of community leaders and group mods. And yeah, it really is a thrive in ecosystem.
system in terms of community. And that's even at the stage sort of pre-next cycle. So I think, I think come, you know, 2024 or 2025, it'll be a pretty thriving ecosystem and just a ton of buzz in the community.
Nice nice to hear some positive thoughts about the future. So maybe maybe we can open up the floor to some questions if our audience would like to ask anything to you directly.
I see a lot of linear cases around. I'm just making a coffee now so I'll be even more energetic.
Let's go. We love an R-butt.
What's up? 99. How are you doing? I was wondering, does C14 do you already or are you going to plan to offer some cross 10 multi-chain shops as well as onboarding because they're sort of that
It's sort of that overlap in the area if you offer onboarding. I've seen some services already offered like smart off-boarding almost experiences, right? But then cross-chain multi-chain related.
That's a really interesting question. Yeah, that's not something that's on our roadmap right now, but I'm going to make a note of that. I just so I understand you correctly, you're saying like I could buy Aurora on the C14 widget and then within the widget I could swap that to native near, for example. Yeah, that's a really cool feature.
If you have a link to somebody doing that, I'd love to see it if you can DM it to our Twitter. But yeah, we'll look into that. Yeah, sure, dudes. I noticed a project doing its on R-Reve already and they do it then with R-Reve and Ethereum. So I'll find an in for you.
Yeah, that's great because we hold inventory of the assets so it wouldn't be impossible from that standpoint. It would really just be accepting one thing and sending another.
I was going to ask about the widget as well, just wondering about the roadmap. Sounds pretty cool.
Yeah, in terms of functionality or coverage or just generally. Just thinking about how you might do additional widgets for other platforms, just the general approach, any specific goals
Yeah, there's a lot going on. Like I said, we're very proactive in thinking about what can be cool and useful from a user standpoint, especially because every legacy widget is the same experience. So if you use DARS on the day we launched, it looked really similar to all of the other ones because
They're all essentially the same process on the same user interface. We actually just did a round of updates that might not be super noticeable to the user, but from a project embed standpoint, we added some parameters where, say we list on your project and your project is on a
most ramps you'll click the link to go to the ramp from the Aurora project and it'll just be US dollar going to Bitcoin as to the pre-selected options. We just added some parameters to where you can pre-select the tokens so if you're an Aurora project and you embed the widget you can pre-select it so it's it's actually automatically based on
the user's sort of geolocation, and it'll just change it to their native currency, which is really cool, and then it'll pre-select Aurora. So little changes like that, while they might not be super noticeable to the users that use it every day. It goes a long way because it just saved them a lot of clicks.
Same thing with the phone number login. We just tied that to geolocation. So instead of clicking the scroll down menu and having to find your area code amongst, you know, 40 country options, it just pre-selects the area code based on your geolocation. Again, just cutting down the time it takes to do a transaction to where, you know, I think a repeat transaction you
you could do it in 10 seconds or so. If you just went on, click the amount, I think it's like three to four clicks now with the mobile verification code entry as the login and then you'd have your assets. So a lot of things like that were thinking about in terms of optimization and addition
to obvious, sort of the obvious ones like more assets, more coverage, you know, those things are obvious. And then I think on the KYC side, I spoke a lot about that kind of vaguely because I don't want to sort of give away attack vectors, but there is a lot we can do on the KYC side to sort
sort of make that first time you see even a lot faster for a lot of users. It'll never be, you know, put your phone number and now you can buy for every user. You know, there was one ramp that tried that with sort of a low maximum and they're out of business now.
There's sort of clear reasons why you can't do that. People will probably still continue to try that because it gets user adoption really quickly. But I think it's a really good sentence that organized crime tends to look like user adoption. So that's sort of not a road we would ever want to go down.
Yeah, I think that's a fun little joke, but that's pretty much the extent. You know, all the obvious things, coverage, assets, obviously we'll do that. And then like I said, just there's a long list of little things we can do to improve the user experience and allow them to go through the widget quickly, which
which is our ultimate goal is get from the thought of I want to buy this coin to having it in your wallet very quickly. Cool. Yeah, sounds like you're bringing it to the user and also bringing the users to you. So that's awesome. Thanks. Appreciate it. Yep. Of course.
Thank you, Auroboc Gans for some really good questions. So we're gonna wait for a few minutes to see if anyone got any more questions.
Yeah, I have some questions. Yeah, I'll be right back. Yeah, all about 99 kind of to come up with questions away. So I'll just go to the next one which has to do with. You know, the countries or the locations where there's a lot of regulation, you know, maybe like
like say Asia or in my case, you know Africa and stuff like that, you know, how does that work behind the scenes like in terms of tackling these regulations and trying to make it easier for these regions to have
access to the ramps and stuff like that. And the beginning you mentioned, mobile money and Kenya, is that something that you address with the government or is that something that you address with the network provider?
So the service provide us because yeah, yeah, yeah, you're you're exactly right. We would go through I mean regulation wise it's really just about being in compliance It's kind of ironic sometimes when there's more regulation It's a bit easier because at least the rules are clear and
There's a lot of places where the rules are fairly vague, even in the US, in terms of acquiring money, transmitter licenses and things like that. To get those things you have to justify why you need one. And it's sort of an outdated system that was made for liquor stores and things, but it exists so you need them.
for enterprise businesses as well. It's sort of a strange system. And in many ways a lot of more emerging markets are better in terms of infrastructure and sort of clear regulation. For example, like you mentioned, I use mobile money in Kenya as an example because it's a really cool
system like I wish we had it here. And there are a lot of emerging markets alternative payment methods that I think is sort of a late mover advantage because we have so much legacy infrastructure in the US and Europe that it's hard to tear those things down and build new things, especially when there's a lot of vested financial interest in
the old system running. So that's why I really love sort of emerging markets and alternative payment methods because it's sort of the cutting edge of technology and it's usually much easier for all the users. So like we can use mobile money as an example, we would integrate with a service provider.
sure everything is in compliance with regulations in each country or region. But we would typically embed the service provider in the backend as a way for us to accept whatever the local payment method is there. And then the crypto side is easy. It's decentralized globally and we descend
asset from our wallet to the users while it wants their Fiat has cleared. So that's sort of the difficulty in terms of like there's the tech integration side and then there's just getting all these people to talk to you and agree that they want to work with you. Sort of just general business thing as they call it.
But yeah, yeah, that's sort of the time and effort it takes to integrate these on a one by one basis because, you know, say we want to add coverage in Kenya, we'll have to find a provider in Kenya to allow us to accept Fiat in whatever payment method is well adopted there, right? And then once we do that,
We move to the next country, say we want to add Nigeria, now we have to do the same thing there. For some of these regions, there's service providers that cover multiple countries and that helps us a lot. And that's sort of always the ideal situation, but sometimes you really have to do it on a country by country basis. But yeah, that's how we do it.
Thank you very much for answering. Also, second question, one we look at the way on RAM work and from what over.
99 just acts between about causing activity and stuff like that. Can we safely say that C14 is looking at
composability as something that they are contributing to actively or just by a product of what you're doing.
In terms of cross-chain swapping, I think it's not going to be a huge priority for us in the short term, but I think it's really interesting. And something that we can definitely look into adding in the future. I think in the short term, our goal is really a lot of
So opening up coverage for people to buy native assets. It's really difficult for people to, you know, sort of the normal user who's never used crypto before. It's going to be really hard for them to get native Aurora on Aurora network. Right. So I think like first focus on the network.
We still have a lot we need to do on the coverage side. And then on the asset side we'll keep integrating new chains adding native assets, everything like that. So that's sort of our first priority because we're so young. But down the line I think it would make sense to do some sort of cross-transwapping and that could be
interesting or we can direct people to bridges but bridges typically are pretty expensive so I'd rather do it in house through the widget I think that's a nice value ad but you know the short shorter term version of this is like we have native Aurora
we have native near you can buy either asset and then in the future you have naver or you want native near you can swap to it. I think that's an interesting feature. No promises but I did make a note in my circle at several times so we should be should be added to the roadmap at some point.
All right, thank you very much. Thank you for answering. Of course, thanks for the great questions.
Okay, thank you, Pete. Thank you, Pete, for the questions. Yes, you know, Pete is a really good writer. He writes some block for New York and we really overall we love it. So thank you, Pete.
Okay, so we're gonna wait for another few minutes. So if nobody have any more questions, then we will call it early.
Okay, it's like no one has any more questions. So there's any final words you want to say, "Pratury".
a great discussion. I'm always down to do these kind of things. It's a complex business, but it's an important one, and I'm always happy to kind of talk to you what the goals are. And thanks for everybody for hanging out. This was a great attendance. Really good questions.
If anybody is building on Aurora and wants to embed the widget, please feel free to DM me or hit the website, do a contact there. But yeah, or you can DM me, always available to talk. And yeah, excited to keep building and thanks for having me again.
Awesome, awesome. Thank you, Patrick. Thank you, Ariana. And I hope C-14 in the future will... I just wish you guys the best for the future. I appreciate that. Same to you guys. We'll be building together soon.
Let's go. Okay. Thank you. Okay. Are we on any final words? Yeah. No, just was a great space. So thanks for inviting me to cohost it. And yeah, it's great to hear more about C14 and I'm very bullish on it.
Awesome. Likewise, I honorora.
nice. Okay guys then have a great day and see you around!
Perfect. All right, take care everyone. See you everyone. Bye bye.