[Applause]
five minutes to represent projects well
turbulent quick talk about daily while
you feel familiar with me as well as
where I'm from a huge problem inflation
that's so big that it's better to use
the bills to make home decoration that's
actually isn't to pay for things so a
potential tool to help people to
navigate how they interact with money is
to give them access to visual dollars or
to the US dollar right so everyone
minutes whether wants a US dollar it's
increasingly necessary for life if
you've studied how countries dollar eyes
17 Zimbabwe this happens often in places
where this highly efficient Nick over
and it was formalized the US dollar and
it trickles down it becomes that medium
of exchange that's being used and it's
often the
the way this happens is by using cash
and so today there are three ways that
people can use dollars in Venezuela and
none of them are quite ideal one is
permission systems like cell is a system
that if you have a company in the US you
can transfer money from that account to
other accounts in the US so if you have
that privilege and you can access that
and it's not distorting that is actually
take sale as pants even though it's not
payments that it's not supposed to be
used for that but and people also also
falls into this category they used to
have more lenient rules to orient
students to access
they both increasingly with toughening
of sanctions this may not be a potential
future where we would be able to have a
definite access to these platforms there
are others where you can access US
dollar and that they're difficult to use
aft and uphold and then there's so they
don't safe way to do it which is cash
and then in Venezuela
people have phones within her foreign
land so very old phones and they're
already used to using digital Oliver so
one of the things that I try to build
this for I think it makes sense for
Venezuela because it it's already very
easy and I'm very very familiar to
people to transact using problems in
over like at least using digital
transactions so what we build is an
open-source framework to accelerate
digital dollar products looks like this
it's you know Rico and it has react
native open-source wallet that wrong
some very old phones and is actually
very very hard to do so old printer the
developers was only just coordinating
the project and they there is a way to
spend and receive and these bees are
dying by using the x9 chain because it's
faster so the way I'm gonna quickly show
Argos tonight - well it's written here
so we have a pin for security for the
physical security things get some wrote
your phone it's not so easy to get money
out so you want to send two dollars and
takes a while you are in part because
the phone is old and in part because the
connection is not so good workers these
things could be in street food so you
have cure codes you can paste into it or
where you can send to a contact and
we would use the channels that people
already use so you want to send money to
a friend that you already have what's up
you can do it very easily and then just
do it through a payment link so you're
gonna get link then I feel it again when
you click on the link the app opens but
this is something that doesn't work on
every Android version and something that
we need more help with to like to make
to make sure that is it works out of box
right here we need $2 today that was the
idea is to use the term dollar tell that
die so that people know what it is the
holidays and then I'm going to talk
about the application that I see for
this because this is again it's an open
source product that I approach you to
build upon but it's not a fully fledged
solution that's going to revolutionize
where that not on its own but I think
what we should do on forward is to build
on this so when I just quickly say build
by is like you know awesome that's the
first Christmas with build a behavior
and
by bridge these guys and then a sporadic
sponsored by make here at minus-6
if you want help this gesture getting
you a five-dollar Lincoln it's in
exciting so just reach out to me outside
the ground and then what I really want
you to get out of this is that you can
build on top of this framework and for
example reserve has a an app that lets
means to us by itself dollars and if
they could also allow to transact using
this network for example they could
integrate that into this into their app
and also value is another company that's
a lot of people send money to each other
and if they allowed to send money into
digital dollars that would be also a
great tool a okay nobody's like these
that have products that are targeted to
inspect they could use these open source
were to improve their products
[Applause]
you