Christophe Lassuyt on Managing All Crypto Transactions with Request Finance (Episode 230)
Christophe Lassuyt joins us to discuss managing all you crypto transactions with Request Finance.
Builder in the crypto industry since 2014. Co-founder at Request Network. YCombinator alumni.
The following transcript was created using artificial intelligence. There will be some grammatical errors below.
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Richard Carthon: Hello, everyone, welcome to another episode of Crypto Current, your host here, Richard Carthon. And today I have a special guest all the way out in Singapore working on a project that you definitely need to keep your eyes on. We have Christoph with request finance. How are you doing today?
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Christophe Lassuyt: Oh, I’m fine, thank you. Thank you for having me today.
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Richard Carthon: Of course, we’ll all learn more
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Richard Carthon: about you first before we
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Richard Carthon: dive in. Can you give us some
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Richard Carthon: background on yourself?
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Christophe Lassuyt: I’m yes, I’m an
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Richard Carthon: entrepreneur with a finance background.
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Richard Carthon: As for Y Combinator, Renee, I think I’ve been traveling quite a lot in Europe, China, the US and now I live in Singapore and I’ve been living here for four years and especially where I’ve got some expertise in India is in the crypto
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Richard Carthon: industry because I’ve
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Richard Carthon: been building products there for seven years now.
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Richard Carthon: Wow.
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Richard Carthon: So you’ve got in seven years ago, so that puts
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Richard Carthon: you right around
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Richard Carthon: on twenty fourteen. How did you first hear about it and what made you like this? I like, Wow, this is an
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Richard Carthon: industry I need. I need to go ahead and
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Richard Carthon: pay more attention to.
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Christophe Lassuyt: That’s a good question. Actually, I first heard about crypto in 2012 with bitcoin, and I was thinking, Oh, interesting. But then this time I had the I had a big job as a CFO in Switzerland, and it’s only in 2014
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Christophe Lassuyt: when I
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Christophe Lassuyt: decided to leave my
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Christophe Lassuyt: leave my job and
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Christophe Lassuyt: decided to create a company in the international money transfer industry.
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Christophe Lassuyt: But I thought, Oh, actually,
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Christophe Lassuyt: this
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Christophe Lassuyt: technology bitcoin
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Christophe Lassuyt: is something that we could use as a backbone to
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Christophe Lassuyt: power international money
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Christophe Lassuyt: transfers.
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Christophe Lassuyt: So we actually did it.
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Christophe Lassuyt: We, uh, we managed to transfer money from
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Christophe Lassuyt: Chinese yuan in
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Christophe Lassuyt: China
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Christophe Lassuyt: to France, for
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Christophe Lassuyt: example, in Europe, uh, with bitcoin as a backbone, without the transfer risk to know that there was bitcoin being used. And it costs like one percent instead of 10 to 12 percent. So that was a great use case. Unfortunately, not very. Not very legal. So that’s that’s what we focused on. But really, you could see the magic of bitcoin and the and the ecosystem that keeps the ecosystem through so much.
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Christophe Lassuyt: And now you’ve got the stablecoins, it’s much more efficient for international agencies,
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Christophe Lassuyt: which is amazing and real quick, just because you’re speaking to my entrepreneurial soul for a quick second. You left from being a CFO in Switzerland Bank two, going all in order to go into the crypto space.
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Christophe Lassuyt: There are a lot of
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Christophe Lassuyt: people with nice cushy jobs in the corporate
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Christophe Lassuyt: world or just in other
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Christophe Lassuyt: facets of their life
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Christophe Lassuyt: that have
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Christophe Lassuyt: are having some success in crypto or even trying to find ways to like start to work more in this space. What would you be like? What would you tell that person who was like, conflicted about, like whether or not to make the jump?
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Christophe Lassuyt: I would tell them to
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Christophe Lassuyt: learn to read the books.
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Christophe Lassuyt: There’s a great book about Coinbase and the one about Ethereum. I think it’s called the crypto machine. I read books earlier
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Christophe Lassuyt: and
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Christophe Lassuyt: don’t spend
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Christophe Lassuyt: too much time in the crypto
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Christophe Lassuyt: communities and try to learn. And once you feel like you really understand some parts of the ecosystem, which is like, it’s really unlikely that you’re going to have this, then the
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Christophe Lassuyt: whole path, the whole
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Christophe Lassuyt: ecosystem. So once you feel like you really understand it, then you can be something that you can then get more involved. You can even invest if if that’s what you’re into.
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Richard Carthon: Awesome. Yeah, no. I think that’s really good advice and I appreciate that answer. So again, so now you dive into crypto,
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Richard Carthon: you are sending money with bitcoin.
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Richard Carthon: Being the backbone didn’t turn out to be as illegal as you would like it to be. But now we have stablecoins, we have other
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Richard Carthon: means, and it looks like you’ve been able
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Richard Carthon: to package a lot of that together and ultimately create request finance. So tell us what is request finance and what are you ultimately trying to accomplish?
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Christophe Lassuyt: So actually, this project in the money transfer industry is something that evolved
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Richard Carthon: in the comparison service that went
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Christophe Lassuyt: through three accelerators, including the
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Richard Carthon: way communism, and that
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Christophe Lassuyt: the way we understood the few things that are life
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Richard Carthon: changing, such
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Richard Carthon: as the fact that all the money transfers
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Richard Carthon: happening through a
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Richard Carthon: platform that was thousands a month.
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Richard Carthon: Always happening because there was a need to pay an invoice in a different currency. And therefore the whole money transfer industry exists. Just because the banking system is inefficient and is not financially inclusive. And there’s a few industries like that. I think the bookkeeping industry is quite close to being a result of inefficiencies in the tax system. So we were like, obviously, it makes so much sense to create a technology for payment requests that could apply to the invoicing use case and also apply to the cross-currency and international money transfer use case.
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Richard Carthon: So that’s what we are
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Richard Carthon: building with a request finance that
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Richard Carthon: is a product for invoices and
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Richard Carthon: payments. And this product is relying on the technology and the technology is requested for.
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Richard Carthon: Got it. Wow. So a lot of different layers
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Richard Carthon: built on that,
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Richard Carthon: so walk me through each of them. So where would be like the starting point for someone listening? And then what are the different other tools
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Richard Carthon: that we can go to on top of it?
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Richard Carthon: So basically, there are two websites, and
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Richard Carthon: that’s a good way to start
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Richard Carthon: the first website in a request network.
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Richard Carthon: It’s the technology.
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Richard Carthon: The technology is doing payment requests
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Richard Carthon: on blockchain and connecting
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Richard Carthon: to other payment networks such as a
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Richard Carthon: polygon. If it’s a
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Richard Carthon: photo near
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Richard Carthon: shows, Binance Smart Chain
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Richard Carthon: and others.
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Richard Carthon: And the second website is, I think.
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Richard Carthon: That’s the main product. The one that is driving 90 percent of the growth of the technology today.
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Richard Carthon: And this one is an app that is useful
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Richard Carthon: to manage crypto transactions in a compliant way. So that’s basically companies sending each other invoices and paying them in the
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Richard Carthon: crypto can now
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Richard Carthon: have a compliance with proper documentation for their invoices.
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Richard Carthon: And this,
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Richard Carthon: uh, this request, finance is actually growing quite quite fast because it was created last year with one user in September and then now in November, we’ve got a bit more than nine hundred.
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Richard Carthon: So that’s nine hundred
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Richard Carthon: businesses who adopted
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Richard Carthon: the product.
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Richard Carthon: And what’s interesting is this is just the first, uh, website up on top of the technology, and there’s going to be a few others. So among the others which are today less
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Richard Carthon: successful but still
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Richard Carthon: promoting, there’s a creative that requires the network, for example. And there’s a few builders or entrepreneurs who are currently working on integrating request network
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Richard Carthon: technology more
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Richard Carthon: or less in the stealth mode at the moment. But it’s promising for the future
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Richard Carthon: because once one
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Richard Carthon: I’ve managed to get traction, then they’re the ones
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Richard Carthon: who are more likely to
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Richard Carthon: get traction as well.
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Richard Carthon: Right. It’s a you you’re building an ecosystem of tools that all feed each other, which is smart and you’re setting the foundation so that each one can kind of relate to one another and can help service each of the different components of a company. I mean, I was looking on request network on your website and you’re saying that you’re within seven or 50 plus companies in Dallas that use request
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Richard Carthon: network, which is awesome. So.
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Richard Carthon: For someone listening right now, they have a company and they want to be able to use your two resources right now, Siri requests network in request finance. Walk us through how that process will work.
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Richard Carthon: So there are two types of companies. For example, a company that wants to build invoice financing of our payments with effort for
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Richard Carthon: expenses or even
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Richard Carthon: payments with upfront salaries.
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Richard Carthon: Such a company need to connect
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Richard Carthon: directly to the protocol. So to request that network,
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Richard Carthon: while a company
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Richard Carthon: that has operations and is very invested in crypto every month and is spending 10 or 20 hours a
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Richard Carthon: month managing
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Richard Carthon: invoices and making the payments. This one is to use the requisite fans for their operations if they’re going to save 16 hours a month and more than that, it’s going to be
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Richard Carthon: compliance for them.
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Richard Carthon: So they have everything to win.
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Richard Carthon: That’s great. So when you
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Richard Carthon: talk about compliance wall,
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Richard Carthon: all are pretty much all
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Richard Carthon: countries compliant or is everything set up to where like, if you need to speed out a ledger to be able to give for tax purposes like it’s able to help cover all of that?
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Richard Carthon: Yeah. So if you.
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Richard Carthon: To make it simple, we’ve got a finance department in a company that needs to prepare the accounts, then something most of the time. There is an external content that needs to understand what has been done for the preparation and build the financial statements.
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Richard Carthon: Then an auditor
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Richard Carthon: is going to verify those financial statements and then the tax authorities might do
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Richard Carthon: an audit as well.
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Richard Carthon: So in our case,
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Richard Carthon: medically, the
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Richard Carthon: Defense Department of the crypto friendly company
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Richard Carthon: is going
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Richard Carthon: to
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Richard Carthon: show proper documentation
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Richard Carthon: to the extent that a conservative is going to be super happy because it’s like, Oh my God, that’s as usual. That’s business as usual. I’ve got an invoice and there’s a payment.
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Richard Carthon: And it’s really
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Richard Carthon: easy to two
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Richard Carthon: minutes, and
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Richard Carthon: then the auditor is going to make a good job and it’s going to be quite faster than with other ad hoc crypto
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Richard Carthon: transactions. And the and so on and so on. So that’s that’s something that is of helping the
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Richard Carthon: processes of four companies.
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Richard Carthon: That’s great and it’s needed. And companies especially do a ton of transactions all the time. Or even if they’re being paid in crypto, it’s
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Richard Carthon: very easy to get overwhelmed,
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Richard Carthon: but trying to keep track of all of it. So this sounds like a very helpful tool to accomplish that.
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Richard Carthon: And even just if if you’re a freelancer,
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Richard Carthon: if you
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Richard Carthon: are sending three invoices a month and you want to get the crypto, that’s the most compliant way. So basically,
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Richard Carthon: to me,
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Richard Carthon: if I was a freelancer, what
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Richard Carthon: I would do is I would have a
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Richard Carthon: freelance
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Richard Carthon: company
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Richard Carthon: and an external content. I would use request finance for sending invoices to my three clients
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Richard Carthon: every month, and then
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Richard Carthon: I would, uh, download the the report or download the invoices and give them
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Richard Carthon: to the accountant. And the accountant
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Richard Carthon: is not going to ask any question.
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Richard Carthon: It’s very simple. Is used to
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Richard Carthon: invoices is used to proper documentation,
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Richard Carthon: right? No, that’s great.
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Richard Carthon: That’s a really good way to say it because there are definitely a crypto versus a lot more freelancers want to get paid in crypto and don’t necessarily have the cleanest way to do it. Just trying to do like a person, personal person,
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Richard Carthon: type of
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Richard Carthon: transfer, and those aren’t necessarily the easiest to stay compliant with. So this sounds like a very good solution for a lot of those freelancers.
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Richard Carthon: So everyone listening,
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Richard Carthon: if you’re a freelancer and you’re thinking about how I can now get paid in crypto and do it in a compliant way. Of course, finance sounds like a great first start. When you were creating this, and I just want to take a quick step back again, you went to three different accelerators, including Y Combinator.
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Richard Carthon: So you did a lot of refining. You’ve done a lot to
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Richard Carthon: create a product that the users want that users are using. And you’ve had to probably pivot quite a few times. Can you just walk us through like how important it is to one, stay resilient in to that it’s OK to pivot make changes so that you ultimately create something that the end users will actually use.
00:13:26:23 – 00:13:54:19
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00:13:58:09 – 00:14:31:11
Christophe Lassuyt: It’s a search of truth. Seriously, that’s a very, very good question. I’m lucky that I thought about it before. If you really look for the truth in your life, if you’ve got a good mindset, that’s a great book. By the way, this could mean that every day you want to search for the truth, even if it’s vengeful. So that’s something that applies to people, not only to companies, but when you do it for startups, you need to have this humble ness to try to understand, even if you are wrong, that you are wrong and change.
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Christophe Lassuyt: And as a person, if you really want to know the truth or get closer,
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Richard Carthon: you also need
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Christophe Lassuyt: to apply the same principles. So, yeah, we say that it’s OK to pivot as long as
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Richard Carthon: you feel
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Christophe Lassuyt: good pivoting because you get further to the truth, to something that you really want
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Richard Carthon: to really helping
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Christophe Lassuyt: people to helping medically. What we do is we have the adoption of the banking alternative, and the banking alternative is decentralized
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Christophe Lassuyt: fare
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Christophe Lassuyt: is probably good enough power the finance of tomorrow. So we are super proud of what we are doing and as long as we
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Christophe Lassuyt: feel useful, we have
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Christophe Lassuyt: a sense of achievement
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Christophe Lassuyt: and we will get
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Christophe Lassuyt: further to the truth.
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Christophe Lassuyt: So we we feel good now.
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Richard Carthon: That’s great. I think that’s an awesome answer.
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Richard Carthon: I appreciate that. So find your truth.
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Richard Carthon: It’s OK to be wrong.
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Richard Carthon: Be humble.
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Richard Carthon: Accept it and keep pushing. So you create something that’s going to
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Richard Carthon: ultimately help
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Richard Carthon: others in the in the people that you’re trying to serve. So a great answer. Just going back to request finance because I just thought of a use case that I think would be very unique. So one of the buzzwords out there right now, our metaverse is an NFT and everything else like that. And as these different metaverse is are being created, they’re going to have to have ways to do transactions as request finance, something that could potentially help service that.
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Christophe Lassuyt: It could so to be among
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Richard Carthon: the users, a fair question. There are
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Christophe Lassuyt: already some metaverse
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Richard Carthon: companies.
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Christophe Lassuyt: But that’s just one case. If we look at the
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Richard Carthon: technology that’s behind
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Christophe Lassuyt: it, it’s a payment requests without a third party.
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Richard Carthon: So those
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Christophe Lassuyt: payments with the third
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Richard Carthon: party could power the different
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Christophe Lassuyt: exchanges that are happening in the Midwest.
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Richard Carthon: So if we
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Christophe Lassuyt: were together in the metaverse right now and they want you to buy your, I don’t know how to buy something from
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Richard Carthon: you, then
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Richard Carthon: then I would just exchange directly without an intermediary, without a platform that is taking a fee in exchange for an experience.
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Richard Carthon: So that would be
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Richard Carthon: much more
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Richard Carthon: direct and the
00:16:46:02 – 00:17:05:23
Richard Carthon: internet would be efficient. But there are a few reasons for this to happen, and among the privileges, there’s a scalability. But as long as we keep growing in the space and the the blockchains keep being more and more scalable, then we’re going to be just where we need to be.
00:17:06:28 – 00:17:07:20
Richard Carthon: Absolutely.
00:17:08:05 – 00:17:09:13
Richard Carthon: And do you talk you
00:17:09:15 – 00:17:17:06
Richard Carthon: brought up scalability. Scalability is a challenge in a lot of different ways. I mean, we can see that with the theorem and the gas prices that they’re having and.
00:17:18:24 – 00:17:35:11
Richard Carthon: What’s? Would the way that I want to phrase this is as you look at where we’re going in the future, so again, a year ago, you talked about how you had one user last September to over 900 companies now using a product. And I think a lot of that speaks to
00:17:35:21 – 00:17:36:21
Richard Carthon: more companies
00:17:37:02 – 00:18:07:07
Richard Carthon: wanting to move towards crypto, more adoption of crypto and these institutions and these larger companies that are trying to find a way to get in this space earlier. Because I think a lot of them are going to realize that cryptos here is here to stay and the future of finance is going in this direction. How do you think as you look into the, let’s call it, the next one or two years, what do you think a major focus is going to continue to be like? I think like what you’re doing with transactions is going to be a huge topic. I think NFTs are going to continue to be like a large play.
00:18:07:09 – 00:18:13:02
Richard Carthon: Metaverse is continue to grow. But what do you what what’s what’s top of your mind that you think people need to be paying attention to?
00:18:16:15 – 00:18:18:07
Richard Carthon: There are many answers to this question,
00:18:18:09 – 00:18:19:16
Richard Carthon: but I
00:18:19:18 – 00:18:20:13
Richard Carthon: think it’s really
00:18:20:15 – 00:18:22:12
Richard Carthon: important to pay attention
00:18:22:14 – 00:18:22:29
Richard Carthon: to
00:18:24:02 – 00:18:25:14
Richard Carthon: your own knowledge about
00:18:26:02 – 00:18:28:12
Richard Carthon: the projects you deal with, so.
00:18:30:05 – 00:18:32:04
Richard Carthon: The moral the
00:18:32:26 – 00:18:37:20
Richard Carthon: excitement increases, the more bad projects gets
00:18:37:22 – 00:18:38:07
Richard Carthon: the
00:18:38:25 – 00:18:43:07
Richard Carthon: exposure and the more dangerous it becomes to be in that space.
00:18:44:11 – 00:18:45:01
Richard Carthon: So there are a
00:18:45:03 – 00:18:45:29
Richard Carthon: few things to
00:18:46:01 – 00:18:47:06
Richard Carthon: keep in mind is
00:18:47:18 – 00:18:49:06
Richard Carthon: do your own research research
00:18:50:28 – 00:18:58:04
Richard Carthon: and don’t encourage the bad projects to have a good awareness. So basically, we should not support those ones.
00:18:59:18 – 00:19:00:03
Richard Carthon: Most of the
00:19:00:05 – 00:19:06:27
Richard Carthon: projects are good today, and I’m super excited about the one that that it’s it’s
00:19:06:29 – 00:19:07:20
Richard Carthon: really interesting.
00:19:09:06 – 00:19:14:01
Richard Carthon: I think we just need to let more maturity in the space and avoid
00:19:15:27 – 00:19:22:07
Richard Carthon: something like an internet bubble with a crypto and then with the investments coming from different institutions.
00:19:22:21 – 00:19:23:06
Richard Carthon: If we can
00:19:23:08 – 00:19:26:09
Richard Carthon: just avoid this by being responsible. That would be really
00:19:26:11 – 00:19:27:15
Richard Carthon: nice because
00:19:27:25 – 00:19:37:07
Richard Carthon: we know that this space is going to grow 10x 100x bigger and we wanted to grow as healthy as possible, so I would
00:19:37:14 – 00:19:38:16
Richard Carthon: focus a lot
00:19:39:04 – 00:19:40:06
Richard Carthon: of energy on this.
00:19:41:08 – 00:19:59:22
Richard Carthon: Definitely. Really, get Jim’s continue, do your own research, find out what is going on before you just go throw money on it. Prime example, unfortunately, of a scam coin that happened and got rug pulled squid games, the popular show that’s up on Netflix that came in, someone created a coin and I think to over two million dollars was stolen.
00:20:00:18 – 00:20:02:22
Richard Carthon: Unfortunately, that, of course, that becomes a buzz word
00:20:02:24 – 00:20:03:15
Richard Carthon: that gives
00:20:03:24 – 00:20:05:03
Richard Carthon: the media fuel to say
00:20:05:05 – 00:20:05:20
Richard Carthon: that all
00:20:05:22 – 00:20:06:24
Richard Carthon: crypto is still a scam,
00:20:06:26 – 00:20:19:12
Richard Carthon: et cetera. A lot of people that I think are in the space can see through that and say that like scams happen every day, not just in crypto, but everywhere, and it just has more exposure. But to your point, do your research, make sure you’re getting into a quality project.
00:20:19:14 – 00:20:22:19
Richard Carthon: Don’t highlight these negative ones, or that
00:20:22:21 – 00:20:30:18
Richard Carthon: could be a scam. And again, whatever you are willing to invest, you got to also have some risk tolerance to understand that you
00:20:30:24 – 00:20:31:11
Richard Carthon: could lose it.
00:20:31:13 – 00:20:43:10
Richard Carthon: So be careful with all that. Keep doing your research. Everything’s going to turn out OK. But real quick, quick, Christoff. Like, as we kind of wrap up here, I always like to finish with two fun questions, one of them being with all the information and knowledge that you’ve
00:20:43:12 – 00:20:44:27
Richard Carthon: been able to gain over the last seven
00:20:44:29 – 00:20:49:29
Richard Carthon: years in being in crypto, what wisdom would you impart to yourself when you first got started in this?
00:20:54:26 – 00:20:57:03
Richard Carthon: Can you reformulate the question?
00:20:57:24 – 00:20:59:11
Richard Carthon: Yeah. So if.
00:21:02:07 – 00:21:11:01
Richard Carthon: You’ve been in this space for multiple years, you’ve learned a lot of lessons, core lessons as being both an entrepreneur in the space as being an investor in the space
00:21:11:10 – 00:21:13:12
Richard Carthon: and just seeing different market trends.
00:21:13:21 – 00:21:16:03
Richard Carthon: A lot of times when people first get into crypto,
00:21:17:20 – 00:21:24:13
Richard Carthon: it’s like drinking from a fire hydrant. It’s just a lot of information. It’s a lot going on. People make a lot of mistakes because they just don’t know better.
00:21:24:17 – 00:21:25:03
Richard Carthon: Some people
00:21:25:05 – 00:21:27:29
Richard Carthon: are moving too fast because they don’t know which way they should
00:21:28:02 – 00:21:29:17
Richard Carthon: even be going. So like when you
00:21:29:19 – 00:21:45:21
Richard Carthon: first got started and you were in, you didn’t really know which direction to go or what you were trying to figure out. If you could like meet yourself in the future and you have all this knowledge that you have the day, like what are some like two, two or three lessons you would tell yourself just so you could have a better start into the crypto space?
00:21:48:27 – 00:21:49:19
Richard Carthon: I wish I
00:21:49:21 – 00:21:51:27
Richard Carthon: would have understood earlier
00:21:52:13 – 00:22:03:25
Richard Carthon: that the crypto space was initially something with, maybe I don’t know, in 2014, maybe 1000 bidders. So among them, a few exchanges, a few companies, and
00:22:05:06 – 00:22:07:06
Richard Carthon: I would have been
00:22:07:08 – 00:22:18:16
Richard Carthon: a bit more involved in the networking because almost everyone among the first 1000 people have made a really, really great
00:22:18:18 – 00:22:21:18
Richard Carthon: things. And the and the we
00:22:21:20 – 00:22:25:05
Richard Carthon: we we, uh, we can still get in touch.
00:22:25:07 – 00:22:27:02
Richard Carthon: But uh, that would
00:22:27:04 – 00:22:34:09
Richard Carthon: be that would have been even more useful to be, uh, a really good friends with that kind of builders and build things
00:22:34:16 – 00:22:35:01
Richard Carthon: together.
00:22:35:20 – 00:22:42:13
Richard Carthon: And another one is the fact that there’s a difference between the vision. And.
00:22:44:00 – 00:23:06:00
Richard Carthon: Adoption so you can have the best vision of a decentralized world. The best vision of a of a metaverse, but to build a more terrorists as fast as possible, what’s the best way in terms of growing adoption is the best way to build the metaverse from scratch. Like this sounds for the sandbox
00:23:06:09 – 00:23:06:26
Richard Carthon: helping with
00:23:07:15 – 00:23:10:19
Richard Carthon: is it to build Facebook and converted to a metaverse?
00:23:11:14 – 00:23:12:01
Richard Carthon: And I
00:23:12:03 – 00:23:13:04
Richard Carthon: think it’s obvious
00:23:13:06 – 00:23:14:19
Richard Carthon: that once
00:23:14:21 – 00:23:26:21
Richard Carthon: you have captured millions of people, it’s easier to do whatever you want with them. And so, so that’s a big challenge that I wish I would have understood a bit before
00:23:27:15 – 00:23:28:00
Richard Carthon: because
00:23:28:02 – 00:23:29:06
Richard Carthon: adoption is actually key.
00:23:30:28 – 00:23:33:14
Richard Carthon: And at the same time, we’ve got some
00:23:33:17 – 00:23:35:05
Richard Carthon: values and there
00:23:35:07 – 00:23:36:13
Richard Carthon: are things that Facebook
00:23:37:13 – 00:23:37:28
Richard Carthon: is
00:23:38:00 – 00:23:43:14
Richard Carthon: doing that we would never do so with some limits. We need to focus on the adoption
00:23:43:23 – 00:23:44:08
Richard Carthon: and we need
00:23:44:10 – 00:23:45:06
Richard Carthon: to encourage
00:23:45:08 – 00:23:48:09
Richard Carthon: the projects which have adoption in
00:23:48:11 – 00:23:52:02
Richard Carthon: the crypto space and the this for industry.
00:23:53:08 – 00:23:58:01
Richard Carthon: I agree, I think those are two great lessons. One, going back to it is networking.
00:23:58:09 – 00:23:59:16
Richard Carthon: So if you’re a first day and start
00:23:59:18 – 00:24:02:29
Richard Carthon: in the space, make sure you are connecting with a lot of
00:24:03:01 – 00:24:04:16
Richard Carthon: these different communities that
00:24:04:18 – 00:24:06:24
Richard Carthon: are out there and trying to go to some of the conferences
00:24:07:03 – 00:24:09:03
Richard Carthon: and just being involved
00:24:09:05 – 00:24:11:22
Richard Carthon: even in local crypto communities, because you can make some
00:24:11:24 – 00:24:13:00
Richard Carthon: really, really good friendships who
00:24:13:02 – 00:24:14:06
Richard Carthon: connect you to X Y
00:24:14:08 – 00:24:16:02
Richard Carthon: Z, and it can help expose you
00:24:16:04 – 00:24:17:00
Richard Carthon: and help you grow
00:24:17:08 – 00:24:19:11
Richard Carthon: way faster in this space than you
00:24:19:13 – 00:24:20:24
Richard Carthon: could ever imagine going alone.
00:24:21:04 – 00:24:22:22
Richard Carthon: And the second is, I
00:24:22:24 – 00:24:33:13
Richard Carthon: think, a really cool message between vision and adoption. Adoption is king. It’s hard to get there when you’re building something new. I think the social and sandbox are both awesome. They don’t have mass adoption just yet,
00:24:33:21 – 00:24:34:22
Richard Carthon: but they do
00:24:34:24 – 00:24:38:27
Richard Carthon: have vision and they do have some adoption. So it’s just going to take a little bit longer time.
00:24:39:03 – 00:24:39:23
Richard Carthon: But it doesn’t make
00:24:39:25 – 00:24:43:15
Richard Carthon: it any more or less valid, but it just takes time to build and it’s OK.
00:24:43:17 – 00:24:45:03
Richard Carthon: Keep plugging away and building
00:24:45:05 – 00:24:51:20
Richard Carthon: something great, which sounds like which I’ve been doing with request, network requests, finance and all the other great things that y’all are building.
00:24:54:06 – 00:25:08:02
Richard Carthon: You know, speaking about building, there’s something that is quite interesting as well for everyone who wants to build in this space, whether you’re a freelancer, whether you’re in marketing, whether you are an engineer first.
00:25:09:19 – 00:25:14:11
Richard Carthon: The the the industry is quite well. So for
00:25:14:13 – 00:25:14:28
Richard Carthon: the engineers,
00:25:15:00 – 00:25:16:06
Richard Carthon: it’s at least
00:25:16:08 – 00:25:17:21
Richard Carthon: 20 percent above the market.
00:25:18:21 – 00:25:21:21
Richard Carthon: And second, the crypto projects.
00:25:21:24 – 00:25:26:08
Richard Carthon: So if you look at the projects in the top 500 that can get core connected
00:25:26:10 – 00:25:28:05
Richard Carthon: than they are or hiring,
00:25:28:11 – 00:25:34:06
Richard Carthon: and they’re it’s it’s a big fight for the best engineers, for the best marketing
00:25:34:08 – 00:25:34:23
Richard Carthon: people.
00:25:35:00 – 00:25:37:08
Richard Carthon: So there’s really opportunities
00:25:37:19 – 00:25:38:18
Richard Carthon: and the
00:25:38:20 – 00:25:39:05
Richard Carthon: request
00:25:39:07 – 00:25:40:19
Richard Carthon: is hiring as well as
00:25:41:01 – 00:25:53:02
Richard Carthon: many positions, almost all positions, by the way. So don’t don’t hesitate to try to get involved with projects, even if you’re just doing interviews and it’s a bit challenging at the interview. It’s a good
00:25:53:04 – 00:25:54:14
Richard Carthon: lesson. And then you’re
00:25:54:16 – 00:26:01:06
Richard Carthon: going to do five 10 interviews and the other at a certain time. You’re going to find a job in the in the industry if you want.
00:26:02:11 – 00:26:13:09
Richard Carthon: Nothing that’s great, and again, request finance is hiring. So if you have an engineering, background marketing or any other of the job descriptions that they have to make sure you go check that out and go apply.
00:26:13:11 – 00:26:13:26
Richard Carthon: Why not?
00:26:14:18 – 00:26:22:00
Richard Carthon: It’s a really great industry to be a part of. But of Christoff, thank you so much for spend some time with us. What is the final thought that you want to leave with all the listeners here today?
00:26:27:17 – 00:26:28:06
Richard Carthon: I think.
00:26:30:10 – 00:27:09:08
Richard Carthon: I think it’s very important that everyone in this space, so the companies and the people build products that people love. So this is about being adoption driven and build this with a long term spirit. So it’s something that is going to be great into five, 10, 20 years. So there’s really no city right now to be kind of the second wave of internet. So basically we try to be the internet. We did not rebuild it because it’s a centralized internet, and though we have another chance, but we need to be long term thinkers and we need everyone to try to think
00:27:09:10 – 00:27:09:25
Richard Carthon: this way,
00:27:10:06 – 00:27:11:29
Richard Carthon: especially to to build something great.
00:27:13:02 – 00:27:17:23
Richard Carthon: Awesome. I agree. That’s built for the future. Yeah. The companies that are building to
00:27:17:25 – 00:27:19:10
Richard Carthon: last are going to absolutely
00:27:19:12 – 00:27:24:12
Richard Carthon: crush and do amazing. And the ones that are just trying make a quick buck. They might be successful,
00:27:24:14 – 00:27:26:11
Richard Carthon: but ultimately a lot of people are not
00:27:26:19 – 00:27:28:29
Richard Carthon: going to be successful. So I think a
00:27:29:01 – 00:27:30:28
Richard Carthon: great final thought. Thank you so much for sharing that.
00:27:31:00 – 00:27:36:09
Richard Carthon: What are ways that people can connect with you and learn more about both request network and request finance?
00:27:37:19 – 00:27:39:02
Richard Carthon: I think the best is on Twitter.
00:27:39:25 – 00:27:41:01
Richard Carthon: Um, just
00:27:41:03 – 00:27:44:28
Richard Carthon: I guess, network quest finance and the Twitter profile will be the
00:27:46:17 – 00:27:51:14
Richard Carthon: same for myself. Connect on Twitter and search for almost all of the messages.
00:27:53:00 – 00:27:53:26
Richard Carthon: All right. Perfect.
00:27:54:17 – 00:28:01:17
Richard Carthon: Well, again, we really appreciate all your time today, all the knowledge you dropped, all the amazing, amazing advice you dropped as well.
00:28:01:19 – 00:28:05:22
Richard Carthon: And I just want to tell you, thank you again. And of course, for everyone listening.
00:28:05:24 – 00:28:39:07
Richard Carthon: Stay current. Hey, cryptocurrency crew, we want to give a quick shout out to all of our faithful listeners out there. It’s been an amazing journey and we really appreciate your support throughout the years as we’ve been growing as a community. Each episode, we decided that we would start sharing some of the reviews that you were leaving for us for today. We would like to share this review. Today’s podcast review comes from McKinsey Nice podcast in the must fall for everyone in the blockchain industry. We sincerely appreciate this review and all reviews and would like to ask that if you’re enjoying our show, please take a quick moment to go and Leber review on our podcast so that hopefully we can be highlighting your review next.
00:28:39:24 – 00:29:10:00
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00:29:49:06 – 00:30:02:02
Richard Carthon: Thanks for tuning into another episode of cryptocurrency with Richard Condon’s. We’ll be back with more exciting developments from the world of blockchain and cryptocurrency next week. But until then, stay crypto current.
00:30:11:19 – 00:30:14:00
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00:30:18:23 – 00:30:53:13
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