Tran Hung. He’s one of the founders of Uquid which is the world’s first service offering debit card solutions for cryptocurrency holders. They currently support 79 of the biggest digi-coins including bitcoin, ethereum, litecoin, ripple, etc. They also offer worldwide mobile recharge support, bills payment services, grocery and pharmacy vouchers, ticketing services, and many other benefits.
Famous Five:
Time Stamped Show Notes:
- 03:00 – Uquid is a debit card for 79 cryptocurrencies
- 03:10 – Customers can get the physical card with a Visa logo that they can use to withdraw money
- 03:28 – The card can be loaded with cryptocurrencies
- 03:43 – Before getting the card, you need to have cryptocurrency
- 03:49 – Signup at Uquid’s website to get a card
- 04:04 – There’s a fee of $1 for 1 virtual card but you need the physical card to use in ATMs which is $16
- 04:20 – After getting the card, you can reload it anytime you want with cryptocurrency
- 05:10 – Uquid is using the market price of cryptocurrency
- 05:42 – Uquid takes 0.5% of everything spent using the card
- 05:53 – If Nathan spent $100 on groceries using the card Uquid will take .50₵
- 07:34 – Last year, customers spent $1.6M in total transaction volume
- 08:09 – Uquid is growing fast in 2017
- 08:30 – In July, Uquid processed $900K in total transaction volume
- 08:50 – Uquid has already passed $3M total transaction volume on the first half of 2017
- 10:45 – The process of exchanging bitcoin to other currencies was complicated
- 11:19 – Uquid is doing $5K a month in service charges
- 11:30 – Uquid also offers other services where they charge 10-15%
- 12:05 – Uquid charges 3% from the vouchers
- 12:20 – In May, Tran thinks they’ll make around $50K in total transaction charges
- 12:58 – Team size is 5 and they’re based in UK
- 13;15 – Uquid is planning to release their own token
- 13:29 – Tran is looking to raise $4-5M
- 13:44 – Tran is thinking of selling 15% of Uquid to be able to raise $4M
- 14:35 – The Famous Five
3 Key Points:
- The market for cryptocurrencies is rapidly expanding.
- People are now finding more and more ways to mine coins.
- No matter what service you use, the charges can differ drastically depending on the type of transaction you’re engaging in.
Resources Mentioned:
- Simplero – The easiest way to launch your own membership course like the big influencers do but at 1/10th the cost.
- The Top Inbox – The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences
- GetLatka - Database of all B2B SaaS companies who have been on my show including their revenue, CAC, churn, ARPU and more
- Klipfolio – Track your business performance across all departments for FREE
- Hotjar – Nathan uses Hotjar to track what you’re doing on this site. He gets a video of each user visit like where they clicked and scrolled to make the site a better experience
- Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments
- Host Gator– The site Nathan uses to buy his domain names and hosting for the cheapest price possible
- Audible– Nathan uses Audible when he’s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books
Show Notes provided by Mallard Creatives