Jay Addison Technical and Media Advisor for CryptoBiz Magazine interviews Interviews Steve Beauregard Founder & CEO of GoCoin. Steve is serial entrepreneur with a keen eye for emerging technologies and the business instincts to develop companies in the critical path of the trends. In the early 90’s, Steve helped DIRECTV launch the first commercial satellite television service in the US and Latin American countries. He played a key role in the design and integration of their business systems and the in-country rollout of service.
Transcript
Transcript generated by YouTube auto-captions. May contain errors.
this is Jay Addison from Crypt Biz magazine at inside Bitcoins in Las Vegas we're here with Steve borgard founder of gocoin how you doing today Steve doing great thanks for having me great let me ask you a question unlike most other payment processors gocoin enables Doge and light as well do you plan on adding more coins in the future absolutely so part of our strategy is always been to be coin agnostic uh we are believers in Bitcoin absolutely supportive of Bitcoin but we don't think it's the be all end all we think there are other coins that are coming out there are far more interesting in in many ways some characteristics that we like to see you know that could solve some of the problems like transaction speeds um and volatility things of that nature that's exciting and I'm sure a lot of the altcoin developers are pretty happy with your attitude on that because you know Bitcoins are are picked up everywhere but for guys that are developing altcoins to get them into a system like yours I mean that's uh you're you're like an angel to these guys really yeah very much so and I think we're sort of a uh sort of hero to some of the altcoin developers uh we'd love to take them all uh but the you know simple well sure there's a thousand of them or something right of course simple fact is you know we can't just you know plug in any coin if it doesn't have liquidity developer support community support and uh you know sort of something that makes it unique then it's really hard for us to justify bringing it on our platform yeah that makes sense what countries have the most Merchants signed up through your service you know it's still the US uh you know as much as we uh focused on the emerging markets in Southeast Asia and now Europe uh still the US is probably uh you know 5 to one how many countries would you have you know using your system alog together total oh I couldn't even count but it's probably uh 30 40 right on that's very exciting there's a lot of companies in the merchant processing business what do you think sets you apart from the rest well it's a couple of things I mean everybody uh in the space you know coinbase bit pay are all providing tools for merchants to accept Bitcoin as a way of paying and that's about where the similarities end after that uh the fact that we're taking the altcoins and that we're you know taking a coin agnostic approach that sets us apart and then also uh the vertical markets that we're going after we're not just trying to Bo boil the ocean if you will uh by trying to bring mainstream uh you know merchants on I don't think the transactions are really there to justify it so we're going after spaces that have a lot of uh you know payment friction ones that are more high risk and uh you know that's where we think the next you know transaction volume is going to come from well you guys are a great company that's for sure what type of merchants are seeing the highest volume of sales through your system you know it's still the mining companies you we see the mining companies uh it's a great use case you know you want the faster gear you you know generate coins for Mining and then you use those coins to buy the faster gear so that's always been a great use case some others that are sort of noteworthy uh precious metals we've seen uh some come on uh doing some decent transaction volume but the one that really excites me is gaming um and not just uh you know casual gaming but also you know real money gaming so I think those use cases are uh are uh you know great a great thing for the ecosystem fantastic of all the merchants are all the merchants automatically set up with all three altcoins that you take or do they have to opt into the Doge and the litecoins it's really up to them so uh what we require is they have to give us a payout address for any currency be it a wallet for litecoins or whatever itcoin Dogecoin if they don't give us an address and we don't have a way to settle with them in that currency then they they can't take that currency so um that's sort of we're a very transaction-based uh business so we don't want to hold anybody's coins we don't believe in holding their coins so once the transaction comes through we try to settle that as fast as can uh as fast as we can in whatever currency they want to be settled is there a relation between what is being purchased and the type of crypto used to purchase it to some degree yeah I think uh if you look at the average order value Dogecoin orders are are sort of $40 $50 where versus uh you know Bitcoin transactions usually closer to you know $250 $300 so uh you know you can kind of see what kind of products like Bitcoin shop for example um you know they they have higher order values also but you know most of theirs are still Bitcoin right on okay so I'm going to ask you the uh tough random question of the day love it give us the Bitcoin price in your opinion for January 1st 2015 January 1st 2015 uh so i' love to play this game because my first thing I always say is the least interesting thing about Bitcoin is the price but it's on top of everybody's mind it's a crazy thing so uh I'm going to go with $621 nice we've got a prize for the winner we're not sure what the uh what the winning number is going to be yet but we'll let you know if we win so how does anybody get a hold of you if they want to use gocoin as a transaction solution oh it's very simple it's uhp wgo coin.com you can sign up for an account right there uh and be up and running within 15 minutes fantastic thank you very much to Steve Bogard from uh Steve borgard from gocoin appreciate your time all right thanks magazine live from meckler media's inside Bitcoin conference in Las Vegas remember to subscribe to Crypt Biz magazine at Crypts mag.com follow us on Twitter at cryptz magag thanks for joining us and learn more at cryptopm magazine.com