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Why Privacy Matters? (ft. Dash, HoudiniSwap, Cryptic & Quai Network)
Recorded: Jan. 27, 2026 Duration: 0:41:10Space Recording
Short Summary
In a recent discussion, industry leaders highlighted the growing importance of privacy in finance, with Zebek announcing strategic partnerships and innovations aimed at enhancing user privacy and compliance. The integration of privacy solutions is set to drive significant growth in the crypto space, particularly with the rise of stablecoins and user-centric financial products.
Full Transcription
Thank you. Good morning, everyone.
Good morning, good morning.
Hello there.
Loud and clear, Ben.
Good stuff.
We're just going to wait for some of our guests to come up and we'll be with you very soon.
So thanks everyone for joining in.
Please make sure you go and give this space a repost.
Hit that purple pill in the bottom right hand corner of your listening device.
And yeah, give it a like, give it a repost, drop us a comment, we'll say hello, and we'll be with you in a few moments. Thank you. Okay, we're about ready to get going.
So I will, I'll give us a little intro and a little launch in before we do get going.
Just also waiting to add a couple of other speakers.
We've got a packed house today.
Really, really exciting.
We've got four great guests.
So I will get us going in a moment,
and JJ in the background will be adding people as we go.
Let's have a very quick mic check.
Hi, Simon.
How are you?
Hey, Ben. Doing very, very well. Good, good. Great to see so many folks from the community
in today's spaces. Yeah, absolutely. Here comes Houdini. We're bringing up Dash also,
which is great. I'm just going to add them now. Whereabouts in the world are you this time, Simon?
Where are you calling in from?
Oh, it's been a whirlwind of a month, to be honest with you
Yeah, we'll get to that in a second, actually
Well, why don't we, I mean, we've got quite a few people in the house
We've got people up as speakers
I'll do some mic checks in a moment and get everyone speaking
In the meantime.
Look, welcome everyone to another Zebex Spaces.
We do love hosting these.
It's been a week or so now since the last one.
Really excited to jump into this one.
We're always talking about the future of finance,
and this time we're talking about privacy,
and privacy is like a mega trend of 2026.
Joining me as ever is CEO at Zebek, Simon. Simon, how are you? And maybe just give us a very quick kind of review.
What have the last two weeks been like at your end?
It's been a very busy start to the year. As I'm sure everyone who follows Zabek on Twitter knows, we've been around the world as usual, spent a lot of time in the Swiss Alps, one of my favorite places of the world, attended the CFC conference in St. Moritz, followed by the World Economic Forum in Davos.
And it was great to see payments, stable coins, and the importance of on-chain privacy, which is
what we're going to talk about on today's spaces, being front and center in all of these discussions. So a lot of great things to come out of these conferences.
You're going to see a number of partnerships and integrations from the different companies
that we've met. And I'm really excited to see how the next few months play out.
Amazing. Before we get into that a little bit more, I also saw some news with World
Liberty Financial. What's happening
there? Yes, that was really exciting news for all of us. We've been in talks with World Liberty
Financial for a while now, and they went ahead and selected Zbeck Network as their preferred
stablecoin payroll provider for their USD1 stablecoin. So this is an enormous validation
for us and our technology and everything that we've
built in the markets you're going to see usd one coming to zebek cards very soon followed by
payroll streaming with usd one and eventually a full white label payroll app for the world liberty
ecosystem um so we're super excited
c1 has been one of the fastest sorry did i cut out there only very very quickly you said we're
super excited and that was about 10 seconds two seconds ago so go from there we're super excited
to grow alongside um the great guys at world liberty financial it really opens a lot of doors
for zebek and of course usd1 has been one of the fastest growing stable coins in the market this
year i think they're just on the cusp of about 5 billion in current
circulation. So you're going to see a lot more of these large regulated stable coins coming to
Zbeck network in the coming months. Amazing. That's incredible news. Can't wait to get more
detail on that when the time is right. But congrats because that's a huge milestone um and i think we've got everybody with us now so we're also
going to uh we're going to get going on the show today so i i penned a little intro because i was
doing some research on kind of privacy and the uh the infrastructure being built around that and so
i wanted to kind of set us off like I did in the last show that we did,
because for years, crypto has treated privacy as kind of like a binary, either everything was
fully transparent, or it was fully hidden. And that framing really no longer works. What we're
seeing now is privacy evolving into a spectrum from selected confidentiality to zero knowledge proofs
to and those obviously allow verification without exposure. The question is no longer whether
privacy survives regulation, it's how it matures inside regulation and frameworks like MICA
and emerging US legislation obviously that we're keeping our finger on the pulse of, those things are forcing clarity.
And that clarity is actually accelerating adoption, but at a cost, obviously.
And as pseudonymity gets thinner, the tradeoff is very, very obvious.
Build systems that are private yet auditable or stay niche and get
sidelined. We can see that is the case. Institutional capital no longer fears crypto.
It clearly fears uncontrolled transparency. So if you look at those points and then at the same time,
you know, you don't consider this just regulatory or institutional conversation. It's a human one. Privacy isn't a crime. It's a human right.
In an AI-driven, data-hungry world, financial privacy kind of becomes a form of autonomy.
And users want protection from surveillance without enabling abuse.
And goodness, that's where design matters and app level compliance and you know
zero knowledge kyc and controlled disclosure and all of these different things it kind of
flips this narrative now where we start saying privacy becomes the enabler of compliance not
the enemy of it and i know that's quite a lot of information to go through there, but as we move forward to kind of RWA's private stable coins, global payroll, you know, the demands of HR departments.
We were laughing about this yesterday, Simon, remittances, settlement rails, privacy stops being a feature for tokens and for infrastructure.
And it actually becomes the infrastructure for every chain, private by default, visible by exception.
And that is the shift that we've invited our guests on to kind of unpack today.
So before we do bring them on, and I'm sorry I monologued a bit there, but I'm actually quite excited by this show and the potential of it.
Simon, why do you think privacy is a 2026 megatrend?
What broke in Web2 and TradFi that forced this shift?
And, you know, why payroll payments and cards are where the battle actually kind of like plays out for this megatrend this year?
Well, as our customers at Zabek know and anyone else who follows us, privacy has really been core to our evolution and growth over the past year.
We brought on a number of privacy partners who will be joining us on today's spaces.
And as our community knows very well, as I've mentioned on many spaces now, the blockchain industry is really on the cusp of what we're calling mass adoption.
And that's driven primarily by institutions and enterprise using stablecoin
based solutions for payroll. And payments has clearly emerged as one of the core use cases
of crypto adoption, both domestically and internationally. However, as you mentioned,
Ben, the transparent nature of blockchains has been a limiting factor or let's say a deterrent
to true institutional adoption of stablecoin-based
solutions. So as a result, you've seen the rise of private blockchains and other privacy solutions
in the space. Now, if you look at payroll, it's really a prime example of all of this, right?
Salary transparency sounds nice until it really destroys teams and morale. And HR groups now
expect privacy by default in any sort of crypto solution that they
that they adopt so this is why privacy has been core to what we're building as a beck
and why we bring on tier one privacy partners to integrate into our tech and also for us to launch
white label products for their ecosystems
awesome thank you for that.
I appreciate it. Makes total sense. I think
probably a good opportunity here
game show style.
I should probably introduce the guests.
But we have the teams on today
from, and I'll ask you, I'll say the name
and then I'll ask you to just do a quick mic check, make sure
we've got everyone here okay.
So we've got teams from Dash.
Hello, Dash.
How are you?
Doing fantastic.
Thanks again for having me.
No problem.
Yeah, absolutely sounds great.
Who have I got there from Dash so I can refer to the right person when we start asking some questions?
This is Joel.
I run business development marketing.
Great.
I'm listening to my personal account here somewhere as well.
Okay, lovely stuff. Thank you for that um and hello to houdini how you doing guys hey guys gmgm thanks uh thanks so much for having us on it's uh aaron here from the uh
the exact team at houdini pleasure yes great to have you looking forward to getting into it and
uh we've got cryptic up i met the uh the team here is to getting into it. And we've got Cryptic up. I met the team here.
Is that Connor from Cryptic we've got there?
It is.
Hey, Matt.
Hello.
Good to speak with you again. How are you doing?
Good, good. Excited to be on The Space today.
Awesome. And then from Kwai, a returning guest.
We've met Alan before. Hey, how are you doing, Alan?
What's going on, everyone?
Happy Tuesday here. Glad to be on The Space. Looking forward to jumping into this chat. guest we've met alan before hey how you doing alan what's going on everyone happy tuesday here
glad to be on the space looking forward to jumping into this chat thank you so much really appreciate
having you on and now i've got everyone's name i can address you all correctly um i uh i have uh
i guess a number of questions lined up for you all today i did want to start with joel from uh from
dash if that's okay joel dash has been around since 2016 right um most
projects from that era 2014 my goodness me most projects those are 12th birthday that's incredible
actually like uh credit where it's due you know most projects from that era fully disappeared so
as one of the oldest projects in crypto why are we still talking about Dash in 2026?
Give us a bit of a TLDR on what you guys are up to.
Yeah, the reason why people are still talking about it is because we've never stopped building.
One of the main purpose of Dash, of course, the first function was privacy.
But the main purpose is to make a
digital cache system that actually works. And this hasn't really been achieved to date. Like I think
we, the Dash is the closest that makes something that you can actually use with instant transactions,
privacy, high scalability, low fees, and usernames and contact lists at the protocol level. Just a
whole thing that actually works. And we've finally started to make some pretty big inroads into
adoption these last couple of years. I think the world is ready for digital cash. I think that a
lot of things were sort of experimental in the past. And now we've finally got a system where
I think that the entire world could start living on digital cash within
the next couple of years and not actually hate the experience of it yeah a user experience right
it's absolutely critical to this kind of stuff I'd love to know a little bit more about how you are
how you're taking that on and and while you're actually, maybe give us some context about the last 12 months.
You've obviously now got a lot of data and a lot of building behind you.
What do you think in the last 12 months has made privacy kind of suddenly very, very relevant again to the space?
I think it's a combination of a groundswell of activity and building. I have kind of noticed the privacy meta
amongst influencers and people of basically all the, everyone who matters in the space kind of
underground has been talking about this for several years now. And so it takes a while to
build to a trend to actually happen. So that's one. Two, I would say,
despite the fact that crypto and especially privacy allows us to access these functionalities,
despite whatever a government may say, it does help from the actual capitalization of these
projects if you have some sort of regulatory clarity around crypto.
And I think that sort of the resolution of a lot of these attacks on privacy from Tornado Cash, et cetera, mostly from the US angle, I think has kind of added a bullish signal.
The fact that all these privacy projects are still here, the fact that there have been
exchange delistings and things like that, and that hasn't really affected them.
The fact that we got DEXs that are now really starting to pick up a whole lot of extra volume.
I think that now you see some headlines such as Dubai and India and the EU and other places like
that renewing their sort of tax on privacy. And you don't really see a market reaction to that.
It just seems like, well, we already know we're here to stay.
I just think privacy has proven itself now
and it's kind of here to stay.
Yeah, absolutely.
And so is Dash by the sounds of things.
So we love to see that.
I think, Simon, I'd love to bring you in at this point too.
And I guess, you know, Joel, I'll ask you the question but simon would be great to
get your take on it what part of the zebec stack then are you guys actually using and and why what
why have you chosen zebec to partner with for that well our partnership i'm sorry go ahead no no
joel you go first and then simon follow Yeah, I'll go from my perspective first.
Obviously, I'm in a position where I talk to everyone and anyone, any opportunities that are on the table.
And one of the big things that we were missing was the ability to kind of fill in the gaps of living entirely on Thash, which is something that I personally have done for almost 10 years at this point.
But it's not necessarily as easy to do for everyone in the world. And so accessing the Zebek cards has really opened up a lot of opportunity for those little, those missing
pieces. Again, Dash was already widely usable as a currency, but not universally. And now with the cards, I think that we are universal.
And beyond that, something that has really prompted my own journey into crypto over the
last 10 years of using it has been the ability to earn it to when that is your money that you earn,
you have a circular economy, you're wanting to spend what you earn. And so we've been very interested in working with Zbeck for payroll
because we're trying to create a system where the average Dash user
can earn partially or entirely their salary in Dash,
spend it on every single one of their expenses,
and just completely extricate themselves from the system
where they can
live entirely on non-custodial decentralized private crypto and they don't really have to
make any compromises there and this has again been the vision the big picture sort of vision
for 12 years now for dash and uh we're finally putting those missing pieces as i like to call
them the infinity stones in the gauntlet. We're finally putting them together.
And ZipBec is one of the, frankly,
one of the very biggest of these pieces
that's enabled a lot of things.
I love that.
Simon, do you want to follow up?
Yeah, I mean, the integration with Dash
was really a first for us,
given that Dash was our first privacy
network integrated into Zbeck.
So late last year, we announced the fully private Dash Zbeck card, which, as Joel said,
really was an industry first as it allowed for fully private spending from the point
of load all the way to the point of sale.
So it's truly end to end.
And then in the coming months,
we're going to be launching phase two of our partnership with Dash,
which is fully private streaming payroll
using Dash and other Dash-based tokens.
So this has been a key step for Zbeck in our evolution,
really from maybe more of a branded solution for cards
to truly an infrastructure
layer for other networks and ecosystems to build on top of. Great stuff. I appreciate that. And
Joel, thank you so much. Please hang around if there's any other parts of this that you think
are worth jumping in with, do that. But I want to jump over now to Houdini. So hey, Aaron,
how are you doing? You good? Yeah, oh good man, oh good,
good to see all my best friends on this call. I love that. I mean you guys, I find it interesting
that Joel spoke about user experience and you guys have been doing serious volume now without
kind of chasing attention. it feels like you've
been prioritizing that user experience why does privacy first swapping matter these days like
give us a bit of an update on what you've been working on and why you think it's important
yeah absolutely um you know the product's taken on multiple iterations over the past
three you know three and a half years since we've
really been operational. But yeah, user experience has kind of just been at the, you know, like core
underlying principles of everything we've decided to build. So, you know, what that actually looks
like in practice is, you know, supporting every asset, supporting every chain, supporting every
wallet, you know, so that the user doesn't have to jump through,
you know, leaps and valleys to achieve full sender and receiver anonymity.
And, you know, that's kind of that's been core and fundamental to our to our ethos since
the since the early, early days.
And I think it's just like, you know, for any newbies that are kind of on the call,
like, I just think it's really important to understand, like, what the options for privacy were, like, you know, three and a half years ago, because it's kind of still similar today, which is why I think we've been able to grow so much organically and just on, you know, basically shipping tech that solves real problems. problems but like on the one hand you had the decentralized exchanges right where you could
receive some degree of anonymity at the transactional layer but you know it's then you're
forking over a kyc which is subject to data breaches and you you know you're only able to
trade a limited amount of tokens and um you know you're sacrificing over your keys which post ftx
was not a viable solution so that was like not an option.
The other side was, you know, the on-chain protocols, which were incredible tech, like the tornadoes and the coin joins, but unfortunately, no compliance guardrails in place.
And so that wasn't really a viable solution.
And then I think, you know, as Joel mentioned, like, you know, what we're seeing a lot of today, and I think why privacy is kind of in the forefront, is the third category, which is like the store of value commoditized assets.
You know, like they encrypt your Bitcoin, the Zcash, the Moneros.
And that's getting a lot of the attention right now, you know, for better or for worse.
But like, you know, that call to action is very, very different. Right. That's like, you know, rotate from your existing crypto
assets into private store value tokens. And we're very much like the, you know, a transactional
layer. So we're solving for like trading and payments and payroll and all the things that
Simon mentioned, you know, treasury management, polymarket traders that aren't trying to dock their edge to every single one that's you know every single follower of their wallets uh you
know which is really really common so anyways that's uh that's what that's kind of what we
are and how we fit into the space and hope that gives some some good context yeah really useful
and i guess one of the things that i'm really interested to know, given that you're kind of more of a B2C application product, who do you see from your customer base that's actually using privacy and privacy tools today? Are you able to be specific about the kind of profiles of users that are using those tools?
profiles of users that are using those tools uh you know we are uh we are a privacy project so
that is a little i guess so just you know we don't we don't take uh we don't we don't capture
a lot of a lot of user data but but here's what i do you know what i've just realized what you
mean sorry yeah no no look i i hear you i hear you i can speak in uh i can speak in archetypes
which i which i think you know that's exactly what I was looking for.
I don't need specifics. Absolutely. Right.
So I think like, you know, one of the things to to note is like, you know, who resonates with privacy.
Right. Like I don't you know, it's like so we can maybe start off with who it's not.
Right. It's not my mom and dad buying, you know, Bitcoin for the first time.
It's you know, it's not for for for newbies entering
the crypto space and you know potentially it's not for you know the users with a with a couple
hundred dollars in their in their phantom or rabbi wallets right it's for experienced defy
you know like like tenured crypto users um that have accumulated a significant amount of wealth and are now you know facing a
different set of security and privacy consequences really by transacting publicly on chain and
you know like so just to maybe get a bit more specific like the most common requests I guess
that we get or like the most common use cases that we're solving for
are for things like like, you know, trading. Right. And like on on ramping and off ramping out of,
you know, terminals. It's for treasury management and companies that don't want to dox their,
you know, their treasury wallets to, you know, whatever protocols they're interacting with.
you know, their treasury wallets to, you know, whatever protocols they're interacting with.
It's for it's for payroll. It's for payments. But even, you know, myself, like just sending
friends, you know, Christmas gifts or wedding gifts, like I just I don't want to dox my entire
financial data set to every single counterparty that I transact with. So it doesn't always need
to be this, you know, like this, it's really
as simple as that. And like, we just, you know, we know that in web two, if I, you know, send a
Venmo or an interact or Zell pay and, you know, request a payment from a, from a friend, like I'm
not forking over what's in my checking account, in investment account in my brokerage account and that's that's just currently how web3 operates when when when transacting on public rails and so
the reason why it's just taken so long for people to wake up to this is just because a we're you
know we're operating in a nascent industry which is crypto crypto. And then we're mass, all these projects and teams here are like on the cutting edge of
disruptive technology in a nascent industry.
So it's like I can imagine Polymarket going through the same, you know, kind of challenges
five years ago saying, hey, we're crypto plus we're, you know, most people would probably
just call it gambling or sports betting or whatever, like prediction market is the fancier term.
But I mean, like, I'm sure they went through the same hurdles and same with, you know, PumpFun and same with Hyperliquid, like true category leaders.
And so it just it just takes time and it takes people accumulating more and more wealth to the point where it's like okay i have a couple hundred thousand maybe a
couple million dollars across multiple wallets like now i'm a target right and and i need to
transact privately because that is just analogous to security so um that's uh you know it's so
obvious to people like us on this call but it just it just takes time it really just takes time absolutely of an industry yeah yeah
and and often where there's like an intersect of like crypto and cryptography etc and a you know
like like you say like a a leading user application that is capable of like transcending you know like
i would go as far as to say pump fund and Polymarket have been able to transcend the space despite being crypto native products because people are now more aware of them.
And when they become aware of them, they start to think, OK, well, how does this thing work like in line with Gmail and the other things that I use that are kind of like category leaders?
Absolutely agree with you. It's pretty interesting.
Yeah, like I just like anecdotally like two seconds
i'll say and then i'll turn it over like i just like i spoke to an institution last week or like
a asset manager more specifically and you know i was telling them about our business and you know
how we did you know we just crossed three billion dollars and basically have just been like built a
a whole you know like like startup on on the private on private transactions alone and they're just
they were in shock like they just had no idea that that was you know that that was possible
and and because to them it's like it's just table stakes right like they're like obviously i'm not
going to invest 20 million dollars into an asset publicly right and just have all this signal and
you know like get yeah like it's just it's just entrenched into every you know like privacy it's not like a it's not like a parceled out
meta or like feature or like you know technical component it's just like transacting in privacy
like those those are one in the same and so yeah absolutely they're just like what they were in
shock and and so anyways it's just funny to hear
that from there no i love it and i appreciate i appreciate your take on it and uh be great to uh
to carry on with this one i i do really enjoy it but i do need to keep the keep the floor moving
so thank you so much uh and i really appreciate that simon i don't want to get anyone in trouble
here so i guess without saying what you can't say what can Zebek provide to a platform like Houdini?
Is there something big coming up?
The Houdini team might kill me
if I get into too much specifics here.
But the teams have been in talks for months.
There's a first to market product
that we're working on together behind the scenes.
It's super exciting.
We're not going to get into too many details today
until the official announcement,
but it's something that I'd see myself using every day.
And I'm sure most of the Zabek and Houdini communities would as well.
So stay tuned for that.
Absolutely love that.
And yeah, I didn't want to.
You know, it's my obligation to extract Alpha from you.
But I know I can't really do it.
So I totally understand.
Okay, right. Let's bring in the team from
Cryptic. So hey Connor how you doing all right you've been hanging around here everything okay?
Yeah really enjoying the space so far. Excellent. I've got a question for you. How is privacy in
Web3 slash crypto informing what you guys are doing in the space and and what do you make of like this
conversation up until this point i'm curious to to understand where you kind of fit into that
yeah so when we started building cryptic privacy was not very much of a narrative in in crypto
um which i always found very funny because you know i've been here a while i've wanted privacy
solutions like kind of anyone that's been here here a while. I've wanted privacy solutions
like kind of anyone that's been here for a while, but no one was really talking about it. So we just
went with passion and just started building anyway, going, I bet people are going to want this.
It's been really amazing the past year, seeing a lot of companies that I personally love. There's
a couple right here in the chat that are getting the attention they deserve because privacy has become a very core focus of especially this year.
So that's what I've absolutely loved. And with the other companies here, I've had conversations
with Houdini, with you guys at Sebek. What really warms my heart is we are developing on the same narratives and concepts,
and we want to see the same thing from the space. Like, you know, Joel mentioned from Dash,
saying, you know, what we want is a payroll solution where we can pay in Dash,
and our, you know, employees can cash that out on the card, a full system.
And that's exactly what we've wanted to
see from our application cryptic as well. And I remember connecting with Houdini as well about
usability saying, you know, privacy solutions are good in their current form, but they lack this
usability. And I remember me and Aaron originally connecting on that going that was our kind of core focus in
building Houdini as well so it's been incredibly rewarding just to have the space pushing in our
direction and to see all these other companies that have the same guiding light that we built
our application with and and what we wanted to see from the space love that and and where does or how does should i say zebek fit into what you're building um and
and how that will translate like push out into your community and user base yeah so you know for
a short just about what is cryptic uh we're a post-quantum cryptographic data layer that operates
primarily on the solana blockchain, but we are expanding
multi-chain. So we like to really have core focuses of security and data integrity.
And the cryptic application is our, you know, B2C offering. But really, we use that as a
playground for our enterprise offering to bring post-quantum security into crypto and not just allow data integrity, but also a financial rail as our backbone.
So when you operate on the cryptic application, you know that your message data and all that data that you send is fully encrypted with state-of-the-art cryptography.
data that you send is fully encrypted with state-of-the-art cryptography, but we want to
have a full deal flow, a way to manage your life on an application. And that's exactly what Zbeck
gives Cryptic is our financial rails so that you can use Cryptic to talk and message and do voice
over IP calls privately, but you can also a transact right on a card
through Zbeck, which is really, really awesome. It was one of those guiding things that, you know,
when I started building the application with my team, we always wanted to have a card program
like this. So we're really excited to have, you know, a reputable company like Zbeck backing up our B2C offering as we continue
to explore that enterprise offering. Awesome. Thank you so much. And I really appreciate that.
I mean, that could have been a show in itself. So I'm very grateful for you keeping it succinct
because I am going to move us straight on to Kwei now. Hi, Alan. How's it going?
Hello, hello. How are you?
Hello, hello, hello. How are you doing?
Doing good, doing good.
A lot of great speakers up already.
And yeah, this is...
I know. It's good, right?
I love being in spaces where you can see like Dash, Kwai, Houdini, Kripik,
like all in a row, all with their gold badges.
Like it does feel like a special space to be a part of.
So I appreciate you all for joining.
The future money is here, right?
Exactly.
And that is what we're talking about.
You guys are building high throughput,
multi-chain architecture from first principles.
When you design a system like that,
how do you think about privacy at scale?
Yeah, I think privacy is critical. And when we look at this emergence, and really the reckoning
of privacy, we live in the world where all of these behemoths and conglomerates have our data,
they are using that to surveil and train systems on user behavior. And they're doing that without
actually paying anybody, right?
If you look at all these systems, you're not paying for it.
Well, then you are the product and you're the product through the consumption of you
and your data.
And I think that's fundamentally wrong.
And the future that we want to live in is going to be driven, I think, with privacy
at the forefront, privacy in terms of money, privacy in terms of data, privacy in terms
of communication and who you're talking to. And so with Kawhi, we've thought very deeply about
not only privacy, but in terms of a system that can scale and accommodate this global adoption
for people that are seeking privacy. Because privacy, as other speakers have said, is a hard
thing to scale. There's nuance, complexity, hardware limitations, software limitations, and
things that really make it hard to actually get to people's hands.
And so with QI, you know, we've started with the base layer.
We've built a scalable proof work layer one, fast block times, high
throughput overall with horizontal sharding.
We've done so with a two-token system,
a token that is meant to be a store of value in this digital age called QI, and a new flat coin
that is completely decentralized and private called QI. It is what we consider an energy dollar,
and this energy dollar is something that is roughly stable without tying it to fiat.
So that dirty government fiat money that we don't want to take part in anymore,
where we're trying to fix the money and fix the world here,
we've created a new alternative to that.
And our aim is to replace stable coins,
replace the systems that are centralizing,
our decentralized blockchains,
and these things that are so pure and private and progressively
more private i would probably say and yeah so we've done all that we have some unique things
that we've done in terms of proof of work as well that you know we can kind of love that time but
yeah a lot of cool things going on quiet at the moment yeah and i've seen that's been reflected
in price action too you guys are going on a really good run how's that been for you been great i mean
obviously quite good yeah but what's been the catalyst you? It's been great. I mean, obviously quite good.
Yeah.
But what's been the catalyst of that, I guess?
I think Joel said it well, right?
Crypto has kind of gone through different cycles
and you're talking to a bunch of projects here
that I think are ready to have their time.
And the market is waking up to that.
We have had a unique catalyst
that has sort of propelled Kwai
probably to the forefront of people's minds and thoughts just from a more urgent standpoint through a
process called SOAP. And SOAP is a protocol upgrade where we are using proof of work for
token buybacks. So adding in revenue and sort of fixing the token emissions in a sense, because
proof of work can be a way that adds constant sell pressure.
And so we've sort of changed that constant sell pressure to a consistent TWOP
and buy pressure with subsidizing the actual chain operations by merge mining
with tokens like Bitcoin Cash, Litecoin, Dogecoin, and Ravencoin.
We've seen great success from that.
The network security is up.
The token price is doing well.
And the network is becoming more robust, secure, and distributed.
Amazing.
Well, look, may it continue.
And thank you for, one, being patient as I got to you last,
and two, for being so succinct with your answer.
I really, really do appreciate it.
And we would be excited to get you back on to talk a bit more about how you're doing that as well um i uh i just want to take a moment here before i invite
simon to kind of give me a few final words on the subject just to say that uh none of what has been
discussed today uh should be taken as financial advice and the opinions of those of the speakers
are not necessarily the companies represented it's something that's really important to say
because we're here having conversations
about the future of money, about privacy in the space.
And there are lots and lots of ways this can go
and it can be quite contentious.
And it's important that everybody who's listening
and who is considering investing in any of this stuff
does a lot of their own research
and makes these decisions with a kind of a well-rounded view.
So I just wanted to say that and then invite Simon to with a kind of a well-rounded view so i just
wanted to to say that and then invite simon to say heck of a space man like four incredible guests
from amazing amazing projects um any final words from you before we close things out
yeah absolutely was a great one and we thank all of our guests for being on today i mean
four really great partners um of zbeck with four vastly different products and go to
markets. And at the end of the day, all powered by the same backend rails built on Zbeck in the US,
payments powered by the Zbeck token, and all done in a fully compliant manner. That's where crypto
is heading. And we were very early to recognize that at Zbeck alongside our great partners here.
So I guess to sum it up,
no matter how privacy shows up, whether it's across our card products, our payroll system,
or broadly across payments, Zbeck is the infrastructure layer underneath it. And
that's how we will continue to scale and grow across different chains and ecosystems.
Yes, absolutely. Well, leads me to just say thank you so much to you simon for giving up your time
and joining us i hope the uh the events that you're attending this week next week etc go
really well and um and we can't wait to hear all about your adventures and the discussions that you
have along the way um and uh and thank you to uh alan connor Aaron, and Joel from your respective companies.
Really, really value you coming up.
Would love to have you back as often as you like, really, because it's great to see what you're doing.
And we obviously, we always want to support the companies that are building with Zebex.
So thank you for your time, guys.
Really appreciate it.
JJ, when you're ready, my friend, close us out.
No, thank you, Ben, for hosting.
Thanks, everybody, for joining.
Dash, Quai, Houdini, Cryptic, and yeah,
we'll see you guys on the next one.
We got a few more plans, so it's about to get spicy in 2026.
So appreciate everybody joining,
and we'll see you guys on the next one, guys.
Peace. everybody joining and we'll see you guys on the next one guys peace
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