MARIA: WE'RE STILL IN A CRYPTO CRAZE, THE FIRST WORLD CRYPTO CONFERENCE IS KICKING OFF THIS WEEK IN LAS VEGAS FOR BITCOIN'S TENTH BIRTHDAY JOINING US RIGHT NOW IS JACK BREWER ALONG WITH CEO KYLE LOU
GREAT TO SEE YOU THIS MORNING THANK YOU FOR JOINING US >> GREAT TO BE WITH YOU HOW'S IT GOING? MARIA: GOOD WE'RE MISSING YOU HERE JACK
WHAT'S THE YOU FUTURE FOR CRYPTOCURRENCY LET ME START WITH YOU, KYLE, IN TERMS OF WHERE ABOUT COIN GOES FROM HERE >> I MEAN, WE DEFINITELY SEE A HUGE GROWTH SINCE CREATION OF BITCOINS IT HAS BEEN WIDELY USED IN A LOT OF AREAS, PAYMENTS, SO, YEAH, I THINK WE STILL HAVE A LONG WAY TO GO BUT SO FAR IT'S BEEN VERY GOOD MARIA: JACK, DO YOU USE BITCOIN? >> A LITTLE BIT, MARIA
I STARTED DABBING INTO THE CRYPTOCURRENCY SPACE A COUPLE YEARS AGO MOST OF MY EFFORTS RECENTLY HAVE BEEN MORE ON THE CRYPTO LENDING SIDE WITH MY LENDING HISTORY AND BACKGROUND, I'VE CHOSE TO KIND OF TRY TO FIGURE OUT A WAY TO GIVE FOLKS LIQUID AT THIS THROUGH CRYPTO AND I WORK WITH AN AMAZING COMPANY CALLED ALT LENDING MARIA: IT'S NOT JUST BITCOIN, KYLE THERE'S A LOT OF CRYPTOCURRENCIES OUT THERE
HOW DO YOU KNOW WHICH ONE TO USE? >> I THINK A LOT OF THESE CRYPTOCURRENCIES HAVE DIFFERENT UTILITIES FOR EXAMPLE, IF EITHER WOULD BE WIDELY USED, THE ECOSYSTEM, LIKE SOMETHING TO BE ABLE TO ASSESS A SERVICE SO IT REALLY SO IT REAL DEPENDS ON WHAT THE — REALLY DEPENDS ON WHAT THE CUSTOMERS ARE LOOKING AT >> MY QUICK QUESTION JUST FOR YOU, KYLE, IS YOU, KYLE, -S YOU, KYLE, — AND JACK, WHERE DO YOU SEE THE APPLICATIONS GOING FORWARD? IS IT MOSTLY OVERSEAS WE KNOW THAT 8% OF ALL CURRENCIES WERE — I USE TRADITIONAL BANKING SYSTEM
I BANK AT JP MORGAN CHASE IT'S ALL DIGITAL I'M NOT RUNNING AROUND WITH THE MONEY WHERE DO YOU SEE THE APPLICATIONS GOING FORWARD? IS IT OVERSEAS? ARE YOU GOING TO SEE TRACTION HERE IN THE UNITED STATES GIVE US A FEEL FOR IT
>> I'VE BEEN AT THIS CONFERENCE AND I'VE SEEN NUMEROUS COMPANIES THAT ARE HAVING ALL KINDS OF APPLICATIONS I THINK REALLY IT'S THE BLOCK CHAIN TECHNOLOGY FROM WHAT I'VE GATHERED THAT HAS REALLY CHANGED THE WAY THAT YOU CAN DO COMPLIANCE I HAVE A VIRTUAL REALITY COMPANY THAT WE TALKED TO YESTERDAY THAT'S USING THE BLOCK CHAIN TECHNOLOGY AND I THINK IT WILL CHANGE THE LANDSCAPE OF BANKING MARIA: JAMES, REAL QUICK, HUH A QUESTION? >> I'M TRYING TO GET A SENSE OF WHERE THIS IS ACTUALLY HAPPENING WE'VE HEARD A LOT OF TALK, SEEN A LOT OF EXCITEMENT
I THINK THE PAYMENT SYSTEM CHANGES ARE INTERESTING BUT WHO IS ACTUALLY USING THIS IN A BIG WAY? >> I'LL BE ABLE TO ANSWER THAT SO, OVER 1,000 APPLICATIONS THAT WERE BUILT ON DIFFERENT BLOCK CHAINS
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