Do This To Use Your Crypto Coins to Shop At Walmart

Tran Hung

In Episode #769, Nathan interviews 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:

  1. The market for cryptocurrencies is rapidly expanding.
  2. People are now finding more and more ways to mine coins.
  3. 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