The first highlight on the
Donald Trump's preferred way
You know, at Zapright in
facilitate bitcoin
Now, our key strategy is not
like we don't want to be
E Commerce.
We had a product called
You know, that's not a
but it could get someone started.
Right, Our point of sale.
Think of it that way.
It's not necessarily a
point of sale system at your
but think of it as like a
Welcome to the Business
The show dedicated to helping
business with bitcoin, the
I'm your host, Josh Friedemann
who is the head of product as
for the first ever public
president.
Today on the interview, we're
that Zapright can help
they've recently released.
We're going to get to our
Will, welcome to the podcast.
Thanks, Josh.
Thanks for having me.
I like to start off every
that help us to get to know
us some insight for our own lives.
Are you ready for these?
Sure.
Question number one is this.
When and how did you first
Yeah.
So it was early 2011.
The closest evidence I have of
out in New York City with a
worked on Ron Paul's
We were in soho in a bombed
That's where his call center was.
I think they were working for
was one of the people that
spots and stuff like that.
Had mentioned bitcoin.
My brother got into it before
later, half of 2011.
But it was around that time
going on.
Financial crisis I'd gone through.
I'd been a gold bug for six
So I'd already primed myself
in 2011.
It was a fun time.
I'VE talked to a number of
angle who learned about
for it.
As early on, you mentioned
a little bit of time.
It sounds like pretty much
a good grasp of the value or
Is that right?
Sort of.
In 2011, I would say my grasp
I think the things that opened
through the process of
It'd been like six months.
I just started reading
Hayek and stuff like that.
But I'm not an intellectual
The types of things I was
of embarrassing.
Looking back, it solved the
really into.
I remember what I used to brag
the double spin problem.
I didn't really get it.
I'd say it wasn't until later
But I would say that you're
the process of going through
I had a technical background,
open to it.
Where I didn't dismiss it, I
key value propositions very
wrong reasons.
So question number two is this.
What's an insight or fact
understood?
I think simplifying it, the
in 2011 in honestly, it would
in 2011 to get this, is that
supply, but it's credibly enforced.
And how that limited supply is
into bitcoin, if you can get
you know, fall for the
be 21 million, but understand
credible over a very long
else sort of comes naturally
And I would say that, like I
I think correctly, I didn't
Right.
And every year that that
Right.
And with different types of
of developer groups in and out
around there, the fact that
long means that I think that
latch onto and that a lot of
sometimes obfuscate that or
that's true.
But it's so incredibly weird.
It's such a weird property of
and it cannot be inflated.
I really feel like that that's
That if everyone understood
different adoption curve to date.
Interesting question number three.
What's the bitcoin resource
This is the one I'm going to
I like.
But what I've always I used to
to give to people when they're
I like to give people Nick
So it doesn't even mention bitcoin.
It was written.
Bitcoin was created.
It's hosted up on the Satoshi
Michael Goldstein and Pierre Richard.
That itself is a great resource.
But this article in
just a really.
It's a blog post version of
bitcoin, just explaining the
And until I read that I, you
it all just sort of snapped
It's very short, very easy to read.
It doesn't even mention bitcoin.
And from there I would read
Safe Edin's masterpiece again.
It expands on what's shelling
Then of course ends with a lot
And then lastly is Parker
is much newer.
And it's unbelievable.
I can't believe that I know
It's so good.
And Parker's an exceptional
it can get people in the
dismissive of the fiat world
wavy about like oh well,
Or is realizing that there are
implementing those policies
they're doing.
It's not a casual hand wave thing.
It's very, very specific.
And then getting into some
I Don't think that way.
And how that relates to Bitcoin.
It's masterful.
Got to read those three things.
I don't know that I've ever
just talking about.
Also, I haven't read the
gradually, then suddenly.
But for obviously I've read
a while we were actually doing
meetup where we were looking
And it's really like there are
have never thought of,
if you're pretty new to
but extremely helpful for sure.
So question number four gets
What is a resource, tool or
helpful to you or your work recently?
Sure, I mean, I work in
world of product management,
software, if you're working on
But the principles that make
to do with Bitcoin necessarily.
There are advantages of
protocols and things like that.
But just knowing how to build
sort of thing is something
I knew about Bitcoin.
And so now that I'm building
other people, the domain is Bitcoin.
But the principles that I
started writing about that
of Ignorance XYZ is a blog
development.
Excuse me, but no.
What I focus on more than
of Bitcoin, but of how to
And yeah, I would say I'll
building good products.
So now we have our final, what
question.
And is this as a general life
or why not?
This is the easiest one.
This is such a layup.
I don't know how other people
why not?
There's.
There's not a better answer to it.
No, I mean as a general life
Right?
It has to be not paying
licensure or whatever it is in
that the World is made up of
they do it without permission
But why not is way more
And I'm also attracted to
mindset.
It's very hard to be an
business like I am.
If you're always asking why.
Well, we're here today to talk
from the company.
Listeners will be familiar
recently joined the show.
There are a lot of business
in their own businesses.
We've had other people here
out as well.
You're doing great work.
But one thing that really
recently.
John has shared on the show, I
to learn more about the point
It sounds like there's some
as well.
But maybe for those who just
for the first time, if you
what Zapright is and then also
and what it makes possible for
have as easily had such a
Sure, Josh.
You know, the first highlight
it's Donald Trump's preferred
Right?
Yeah, that's.
I actually forgot about that.
But that's huge.
Yeah, yeah, yeah.
No, but the point of sale is
You know, it's apprite in general.
You know, your audience is
what we do.
You know, we're just trying to
for businesses.
Now our key strategy is not
We don't want to be building
ultimately we want to
out there.
But like we did with E
Payment Links, which is a very
you can set up a simple E
You know, that's not a
but it could get someone started.
Right.
Our point of sale.
Think of it that way.
It's not necessarily a
point of sale system at your
but think of it as like a
to Be just dead simple, right?
Dead simple, which is you can
an iPad or phone to your
card, they can pay with
Really any of the ways that
and typically the way we've
use it as a primary interface
and then they use it as a
like a square point of sale or
But those platforms don't
But they'll use it as a
oh, okay, well we rung you up here.
Here's the total amount if you
lightning or pay on chain.
It's supposed to be very
entry and then yeah, just the
you get on Zapright.
I think that what it will help
like, you know, farmers market
like Pub Key in New York
every single day as a
dead simple way to accept Bitcoin.
I guess one thing that people
that have physical locations,
sale.
I know it's a major headache
is really more additive than
But I'm guessing it does
hardware in order like maybe
that do you need to use as
system that they already have,
Correct.
As of now, you know, we do
larger point of sale systems
time.
You know, they're not
a first class citizen of
ring.
Although that will change over time.
Yeah, it's really.
Yeah.
Companion app is a way to
You don't have to download an
same way you have to be able
So the way Zapright works is
have a wallet.
You bring your own wallet to
So if you already have a place
where it ends up, you can
Zapright and that funds will
So you go through the normal
iPhone or an iPhone iPad as a
know, square system.
And on the point of sale side,
Like it's not doing itemized
You probably rung them up,
say, hey, I would like pay
You grab the keypad, you type
you turn it around to them and
Right.
So they're going to pay with a
Phone, almost certainly.
And they can use whatever they
pay with.
And then the funds go directly
backing up your Zapright
You can include lightning and
if you're doing mostly small
So, yeah, it's not supposed to
We're going to replace your
It's in addition to now there
farmer's market or doing
A lot of times everything
like that and you can just
And for people who aren't as
original iteration was a way
but you have a bunch of integrations.
What are the most popular
Well, maybe even including on
but just for people who may
physical location use case if
invoices.
What have you found based off
What are the most popular
for invoices as far as payment
Sure, yeah, that's a great question.
2 Most popular by far are self
So that if you have like a
or cold card, you plug in your
off of that X pub for your
Right.
So that would be the most popular.
The second most popular would
Strike's a very popular
fabulous APIs.
They've been a great partner
And so a Lot of people who
least not right away.
Sometimes it's just an ease of onboarding.
We'll set up a business
It also has the benefit of
away.
And then also, you know, on
you know, direct L and D
side.
But in terms of most popular,
an X pub and lightning
the two most popular.
And what are the USD payment options?
Because every once in a while,
customers to pay in bitcoin or
possibility, sometimes a
dollars.
I know you have a stripe integration.
Are there others that are
using Zapright?
Yeah, certainly.
And it's worth backing up a
We're realist at Zapright.
We realize that just because
all of a sudden 100% of your
right?
You have a business to run.
You have obligations in USD.
You probably want some USD on
Bitcoin.
Sometimes that's a 5050 split,
sometimes it's 5% Bitcoin.
So we help you build these
You bring that wallet in, but
in.
And we'll create a unified
between bitcoin and credit
checkout with a lot of options
credit card, right?
And of those fiat options,
popular.
We also have Square and PayPal
So the square one allows for
And then all three of them
Pay Google Pay options.
So again you can have a
credit card, Apple Pay or
Or if it's an invoicing, it
or something like that.
So those fiat options are
allow.
So just like you bring over
account or something like
Square account and then
to be displayed in the checkout.
So Credit card, cash app,
know, the list is long and so
you can add in there.
And from what we can see, you
the bitcoin side of things.
But I think it's over 80% of
And to be perfectly honest, I
time that It'll be like 90
of the payments will be in fiat.
For a business.
If you're just whether it's
or something like that, look
of those transactions are not
If you're getting 20%, great
You can stack that on your
That's fantastic.
But you still have to operate
And so having the fiat and the
competitive advantage for our customers.
Well, I also love the fact we
but if that's your situation,
need to have XYZ plus Zap, right?
You can just have Zap.
Right.
And therefore you don't have
in dollars or bitcoin and
Who cares if they laugh?
But still it's that extra step
and they can just see there,
huh?
And then they'll probably
But that little nudge has been
I think that's a really neat
Yeah.
And just to add on to that a
One is, you know, I'd
companion app and our payment
They're like a dumbed down
We're not recreating
like that.
Although we do have like a
can do E commerce on
bitcoin payments.
And there will be more
on as well.
So like yeah, there's that
our invoicing in particular is
It's featureful.
If you're used to something
that, where you've been doing
over to Zapright and realize
with QuickBooks.
This already does everything I
Bitcoin side, reporting wise
invoices, we have, you know,
really need.
On the invoice side, feature
options.
While something like a point
Yeah, that was one thing and I
Well, so as you were talking,
which is if someone were to be
hey, I want to get started in
they theoretically have
and if not, what are some of
as not being as robust or
point of sale?
Yeah, I think on the point of
are going to be like, we don't
Right.
So if you're going to pay in
app, that's really simple.
You can do the QR interaction,
trying to pay with a physical
Right.
So that's what I mean by
There.
There's some other small
the gap a little bit and keep
pos.
But again, our actual goal is
Our goal is to integrate with
hardware, they have a great
network there is just to get
or a clover.
So yeah, there's some places
I would also say that if your
these apps, the Cash apps,
that, in a farmer's market,
you're not really missing out
I would compare that Also I
is, you know, there's always
put Fiat and Bitcoin side by
do you want more Bitcoin products?
So we are Bitcoin sales is
discounts and premiums based
Not really method, but currency.
Right.
So if you're paying in
or if you're paying in fiat,
Right.
Regardless of what, what the
Credit card ach, app based or whatever.
That's really cool.
So one other thing you
was your API.
So I'd love for you to talk a
maybe some of the
owners.
Yeah, the API is new, like the
It's really great.
We've had some people use it
what it's used for is E commerce.
So if you have created your
using a platform like
or something like that.
If you have sort of a
of any kind, you can use our API.
It's very simple to create
pay.
You would set up the same way
You'd connect your wallet,
and then you send us the
a fabulous checkout experience
So this is, you know, I would,
with a WooCommerce or an
for those custom based apps.
We've had some creative uses
doing some point of sale
you know, teams.
We had a company that actually
Secure Lockers.
So if you bring in stuff your
or something like that, you
And they did it in Nashville,
experience.
Like you would have to, you
pay there and everything.
So it can work also on the
of customized in your business
expertise.
But on the expertise side it's
I like building dead simple things.
There's nothing complicated
It's a standard rest API.
Any development team that's,
past 10 years will have no
Most of the stories we hear
running with a new checkout experience.
So yeah, For E.
Commerce point of sale, check
Very cool.
Well, so the last thing I'd
think it was probably, and you
in the last 18 months or so is
Zapright made, I would say,
circles.
I'd love to hear your
it's been, as well as maybe
opportunities like this as so
had a lot of success and
Yeah.
So it's been around 18 months.
That's about right.
And you know, when, when
granted ourselves a while
up.
And that was our initial plan,
him.
And we were looking at
mining operations to payments
And we were really just sort
market gaps and where we had
value.
And on the payment side, I
on it before me because he was
was a little bit less interested.
But it was getting into the
I already have a wallet,
I have a place I'd like to
It could be on a single Sig
multisig, it could be on strike.
You know, like whatever it is,
Right.
Why can't the money just go
When I, when I sell something.
Right.
Whatever it is.
And that was like sort of the
And we just couldn't find anything.
There was nothing that was suitable.
And that was really.
That was what got me
possible?
We have this huge network of
it in and just allowing you,
see this in the Fiat world a
If you're a stripe customer
go to your bank account.
They take custody over the
sometimes you don't.
Right.
If you're at a gun show or
of reasons people don't get
Well, that stinks.
And bitcoin seems to have a
final settlement faster than
Why aren't we taking advantage
of bitcoin, as small as it is now?
So we were really prepared
And then we remember John.
And John, while he wasn't
the use cases we were thinking
for invoicing.
And I remember looking at the
if you go there and you see
connect the various on chain
options.
And I was like, oh, well, this
It's like, yeah, it's an
But if John has the same
really be applied to any type
be point of sale or e commerce
done, then maybe we don't have
Maybe we can team up with John.
And John's just such a.
He's an awesome guy in a lot
And it just like it was a
existed out there.
And we talked to John for
sure that we aligned on vision
And, you know, we were more
We just had sort of the same
So it just made a lot of sense
Instead of, you know, having
this like, e commerce product
together.
And yeah, so I think it was
ourselves the time to really
in the market or, you know,
that.
We just couldn't.
And then finding John and
We kind of shared a brain in
going.
So in on the payment side, it
John had already made a
on the invoicing side, which
side by side when you paid invoices.
And for me, that was the
view of this is that our goal
Bitcoin day one, or have to
We can be that aggregating
and then that it's okay if you
your sales are in Bitcoin and
sales.
That's how most of these
John really nailed that from
work with him.
Will, I appreciate you sharing today.
Do you have any final thoughts
with or something that we just
today?
Do you think is helpful for
Oh, geez.
For business owners, I think
want bitcoin.
That if you want, if you've
on your personal balance
it, you're saving with it, and
your business should be doing
as payments is probably the
a Treasury management tool,
to your customers that are
It is the most cost effective
There's no transaction fee or
I would say when you convert
forth and do all that treasury
need to do some of that.
But at the end of the day, we
all those types of things.
It's like you can save
Bitcoin on the primary basis,
settle with and the cost of
So if you've made that
do it with your business, that
It's a merchant led thing.
There will be no Bitcoin
be paid in Bitcoin.
Well, will, thank you so much
It's been a pleasure.
Thanks, Josh.
Well friends, it's a wrap.
Thanks so much for listening
Show.
If you'd like to reach out to
links down in the show notes.
And if you or someone you know
as a business, check out Zapright.
As always, keep building, keep
living and leading.
Well, I'd like to give a shout
Who sent a 500 SAT boost on
last week's episode with Anya Schuetz.
He said as a bitcoiner and
looking for a job in the industry.
This came at a great time.
Wish me luck.
Good luck Sean, and I hope
If you're listening to this
as well, consider listening on
you listen or send a boost
And if you leave a comment
read it on the show.