XRPL Insights: On-Chain Finance - RedotPay

[00:00:00]So, hello everyone. Welcome. Thank you for joining us for XRPL Insight on chain finance.

[00:00:06]I'm Odile Toudman, head of digital assets for XRPL comments.

[00:00:11]And on the XRPL Insight series, we're going to dive into some of the key use cases we're currently seeing across the XRP ledger focusing on on chain finance.

[00:00:20]And walk through how these new volume proposition and XRPL based product are emerging from concept design all the way to real life production. We're going to look into different key trends, some of the key products that we're seeing, and explore some of the latest developments across digital assets markets and the wider XRPL ecosystem.

[00:00:41]So, over the past year, digital finance has accelerated greatly moving far beyond being a mere asset into much more increasingly stuff different types of use cases that are basically targeting everyday life and everyday financial services and product.

[00:00:57]And within this shift, crypto cards sit in a very practical frontier. They're becoming a standard way to basically connect digital assets balance sheets into everyday payments, into everyday usable services, and basically connecting these assets that up until today used to live only on exchanges into basically usable element at the checkout terminal.

[00:01:22]Often without the user even being aware of the whole infrastructure that it sits on.

[00:01:27]Now, increasingly those new crypto cards have embraced a stable coin first approach being deployed on different types of ledgers such as the XRP ledger designed from inception to support exactly these fast payment, fast settlement, and the support of different types of digital asset movement.

[00:01:45]And it is exactly in this context of today's conversation that we will be focusing and understanding how this new layer of basically crypto based payment is operating and launched today on the XRP ledger and what are the different use cases and applications we can see.

[00:02:02]And in order to dive deep into this, we have a very special guest today, Taylor from Metal Pay, which is a global stablecoin payment fintech with over 8 million registered users across 100 countries with around 12 billion annualized payment volume.

[00:02:19]Metal Pay have recently launched their XRPL card, which basically integrates both the ARS USD on the XRP ledger to basically enable XRP backed credit line settlement and different types of FX corridors. So, first of all, Taylor, welcome on board. Great having you here.

[00:02:38]>> Hey, thanks for having me. I appreciate it.

[00:02:40]>> Fantastic. So, why don't we start with a quick introduction of yourself and of the new Metal Pay card?

[00:02:47]>> Yeah, thanks a lot. Um, so my name's Taylor. I'm the head of corporate affairs at red. dot pay.

[00:02:53]Basically, what that means is I help the company to tell its story to the whole spectrum of people who might be interested in using us or uh have other reasons to be interested in us, whether they're partners, investors, or just the wider community. Um, and I do that through um participating in uh events, um press engagements, help making content with our partners like this one.

[00:03:17]Um, and I think what we're here uh to really delve into is the red. dot pay card and also more specifically the recent partnership that red. dot pay and XRP um came to uh agreement with um and uh launched a card and an offering uh to our customers.

[00:03:39]Um, so we knew that there were a lot of die-hard XRP holders out there. Um, we also know that there are a lot of XRP ledger users um who who are using it every day for on-chain tasks. Um, and what we wanted to do with this partnership is to basically leverage um our existing technology that we've developed over a few years at led.pay um and to basically enhance the options for XRP users to unlock spending power um for everyday items, whether that's a coffee, whether that's an online subscription, um whether that's paying for um the monthly subscription to an AI service, for example. Um to basically unlock spending power with XRP without actually selling it. Um and so that's what we've done um along with uh the team at XRP. We've come up with a way for people to pledge their XRP as collateral, um instantly unlocking a credit line at about 50% LTV. So, if you if you pledge a thousand dollars worth of XRP, for example, you'll get five hundred dollars to spend using the led.pay card. Um and so that's a that's a virtual card or a physical card. Um the virtual card works um via Apple Pay and Google Pay. Pretty much everywhere in the world, anywhere Visa is accepted. Um and so that's one of the ways um I I think a pretty cool way that we're working with um a fellow partner in XRP and XRP ledger um in basically expanding the utility of what XRP can be used for um outside of on-chain transactions and into the world of everyday life.

[00:05:28]>> Fantastic. So, uh you dive straight into it, basically speaking about the different types of spending aspects with crypto card.

[00:05:36]Um so, I want to continue your thoughts, right? I mean, again, when we speak about stables-based crypto cards, there's different types of use cases, right? From different types of uh QR and digital payments on-chain to the more, I would say advantageous cases like the one you've mentioned which basically introduces custodian balances that are funding the cards and the apps and then basically enabling those digital assets to be converted into the local currency or into different types of other applications as you've mentioned.

[00:06:04]And I want to ask you, you know, from a from Rednote Pay perspective, your platform as we've mentioned processed the quite a astonishing number of 12 billion USD annualized volume across 100 countries. You have a great perspective on different types of customers, regions, markets. What are basically the key use cases you're seeing your different customers using the XRP card or in general digital payments for?

[00:06:27]Which type of those segments do you see growing quite increasingly?

[00:06:32]>> Yeah, um I think first of all it's important to step back and look at how stablecoin-powered payments have actually uh really exploded in recent years. Um so the cumulative on-chain crypto card volume um is actually just crossed another all-time high when you look at year-on-year growth. Um year-to-date uh I'm just looking at between January and July 2026, where we are now, uh the the card volume powered by uh stablecoins has grown over 80%. Um and if you look if you zoom out a little bit more and look at year-on-year um where we are today, that's actually a 250% growth. So the market's growing. I think that what that means is um every single user segment or use case segment within that market is also growing. Um so you see a lot of uh a lot of people um using stablecoin-powered cards for different things. Um for Rednote Pay, uh we just crossed the 8 million user threshold, which is really exciting for us. Um a lot of our customers um are are using the card for consumer everyday items. Um so I we see that the predominant use case, um especially for uh user users of our card in places like Latin America and Africa, people have a need for um both affordable consumer goods um and ways to uh get themselves on board to uh existing global payment rails, um especially if they find it hard to sign up for a bank. Um so this goes for people who are underbanked. Um this goes for digital nomads who maybe are um jumping between countries, um working remotely, um people who um you know, have have changed their address a few times in the past year can often find it pretty difficult to um to get a card with a traditional bank. Um so it's that sort of use case that I think is one bucket um in which our users fall into.

[00:08:56]They need reliability. They need the ability to plug into existing international payment rails. Um you can do that in 5 minutes um after you sign up and and verify your identity um with the Reddot Pay card and you can use it for um Apple Pay and Google Pay to pay for things like groceries, coffee, transport, etc. Um I think the other um predominant use case and one that we're seeing really grow these days is people who are using Reddot Pay for uh remittance. Um so if you look at different regions around the world, um Latin America is one, uh the Middle East is another.

[00:09:37]Um there are a lot of people who are expats. Um and expat can mean a lot of different things. Um for people who are sending remittances back home, um it's really powerful to have a platform and an app that you can do that uh very seamlessly um and very quickly without having to go to um a physical branch um to send a wire or to go to um again to sign up for a traditional bank um and at the T+3 settlement that comes with sending remittances in that case. Um so we see a lot of people um also using um our services for this.

[00:10:22]Um you know, basically we we want to have a big impact on people's lives. Um we know that uh people who are using Red Dot Pay um have busy lives. Uh they're not necessarily um in the trenches of uh crypto Twitter. They're not They're not uh necessarily thinking about crypto rails or on-chain settlements. They just need a product that works. Um and so that's kind of the two buckets that we we see a lot of our customers falling into and a lot of the proliferation of use cases is coming from from these two activities.

[00:11:03]>> Yeah.

[00:11:04]Very interesting. And I think that also where you guys are as thought of your journey from right in Asia. Um I think Asia is is a great blueprint and a very unique market because digital money became mainstream there due to the very strong infrastructure that they have, making basically the entire payment experience as you mentioned quite invisible. You simply scan, tap, or you know, move forward. And now we're seeing a very similar movement with different types of blockchain XRP based rails, whether it's a bank, an e-wallet, or a stablecoin which can just, you know, become an everyday habit. So, my question to you would be within, you know, this wider context of Asia, where do you see the inflection point seeing very similar to what we've seen with digital money now happening with crypto assets and with stable coins for payments?

[00:11:50]>> Um well, it's you know, it's hard to generalize. Obviously, this is such a huge region. Um and I think it's also important to um note at the top that um actually Red Dot Pay's users are predominantly outside of Asia.

[00:12:05]Um but you're right, this is this is uh where we've gotten our start. A lot of our um employees are based here. Um I think what we observe in this region is that there's a high degree of financial literacy. There's a high degree of um of open-mindedness when it comes to embracing new ways of paying for things, whether that um QR code payments, um which I'll I'll circle back to um in a little bit, or whether that's the notion of just um being open to using apps that um help you do a lot of different things. Um I'm thinking about um super apps like Grab, for example, which have, you know, may have had their start um as a transportation app, um but really grew into a payment app um and an everything app. Um so, I I think there's a lot of um there there's a lot of history and familiarity with that type of uh notion in this [clears throat] region. Um and that that that's interesting because ultimately, if you kind of go back to what our goal is, we want and and I think this goes not just for Red Dot Pay, but for a lot of the um payment technology, blockchain payment, stablecoin payment uh industry in general. Our goal is to really help this technology become invisible to the end user. So, we want a customer to tap at a at a uh payment terminal, um pay for their coffee, pay for something um at a merchant, and kind of forget what uh rails or what technologies are routing from A to B um to get their money where it needs to be. Um stablecoin power payments help us get there. Um I would argue that that we're not there yet, but that's really our ultimate goal.

[00:14:04]Um and so uh I'll give one specific uh example um in Southeast Asia.

[00:14:11]We're noticing greater use of instant QR payments with uh with our app. Um this is something that's uh this behavior is endemic to Southeast Asia because of their embrace of super apps.

[00:14:26]Um they're used to paying to whipping out their phone, um going into a an app, and scanning a QR code at 7-Eleven, for example. Um so, that's that's we we want to uh evolve our technology to um mirror the kind of behaviors that customers are used to. That's why we launched uh this feature very recently, um which is available in Vietnam and the Philippines.

[00:14:52]>> Fascinating. I think really Asia, exactly within this within this super app approach, has really became uh the home of the embedded finance, right?

[00:14:59]Users starting their journey at a certain app, and then doesn't leave it to complete everything they want from diverse product and services on the same uh the same user interface. And which I think again is is quite a great uh pioneering example. And you've mentioned again on on the differences between uh let's call it the more fiat-based digital money, digital payments, versus stablecoins. Now, of course, stablecoins have become a huge instrument in financial markets these days both in capital markets as well as from a retail perspective. And moving much more to be the backbone, the monetary rails. Some even say that the future of digital payment is very much based on stablecoins.

[00:15:37]Seeing major processes in different types of card networks that are launching their own ability to basically support direct settlements of different types of stablecoins like Mastercards and the USD and others to make it faster, cheaper, and more seamless.

[00:15:52]My question to you is again given the examples that you've mentioned around the different retail applications.

[00:15:58]Where does exactly stablecoins come more handy or at least can tackle a lot of the let's call it challenges the traditional payment rails have from the end users perspective?

[00:16:12]>> Yeah, I mean I think um I think instant or near instant settlement is probably the most uh is probably the most obvious benefit. Um you know, when I first when I first joined crypto 6 years ago, um a lot of the discourse in the community was all about displacing um the traditional finance uh levers um and channels. Um and we've seen that really actually the success and the adoption has come from complementing those channels or plugging into those channels. Um so I think you you know, we need to recognize I think um that the the T+3 settlement um uh system is going to going to eventually die out. Um it's going to be but it's not going to be completely replaced um with crypto rails. I think that for true adoption to happen, uh we need to augment what traditional finance is doing with the unique advantages that stablecoin payments give us and and with the unique advantages that digital blockchain ledgers like XRPL for example give people. So near instant settlement, high throughput, huge capacity for scale I think is really important.

[00:17:43]But at the same time we have to recognize that you know every single payment processor level at every single counter at a merchant there's already built-in layers that allow people to pay easily with you could say it's traditional methods but really if you if you look at it from a from from an adoption standpoint it's it's the most used methods which still are are are the traditional fiat-based systems. So the trick for us is to bring the unique advantages of blockchain and blockchain payments, find a way to technically make them connect to each other.

[00:18:29]And I think one example of what RedDot Pay is doing this is with our remittance services.

[00:18:35]So if I hearken back to the previous example about a overseas worker for example in the Middle East who wants to send money home to their family in say the Philippines or Vietnam for example.

[00:18:52]If that person has their holdings in a cryptocurrency like XRP or like Bitcoin or Ethereum they can actually through RedDot Pay transfer crypto and have the conversion go go our technology and it hits their families traditional finance account in their local currency. So, that's an example of how I think how far the industry has kind of moved and as well as an example of how we can kind of optimize to get the best of both worlds with these things.

[00:19:32]>> Yeah, I think that's a great example, right? Specifically since you mentioned you guys are targeting both the tech nomads as well as the offshore or overseas workers and of course the remittances prices and charges and interest rates that are being charged are the numbers are just over the roof specifically developing markets. So, definitely a fantastic use case. And the second use case you you've mentioned which I'd like you to maybe elaborate a bit more on is how basically your users can put their XRP assets into work as collateral to receive different types of credit.

[00:20:07]>> Yeah, I think that's I think that's good to go into. Um, I think you know, when you let's say you're an XRP holder and I know a lot of XRP holders and a lot of enthusiasts about the asset.

[00:20:22]Um, uh if you're an XRP holder or holder of any asset asset, um a lot of times you have conviction in the asset. Um, you don't want to uh say sell a bunch of XRP to pay rent for the next month or to cover a dinner out with friends.

[00:20:44]So, we realized this. We know that's that's an attribute and a behavior of the community when it comes to XRP and other assets.

[00:20:52]So, what we've done is we've built in actually a way for people to uh keep their holdings in XRP but unlock a credit line of 50% of LTV so that they can actually unlock spending power, which they can easily spend at any merchant that takes a Visa card. Um well, at the same time, not having to liquidate those assets in order to access that credit line. Um so so that's one example um of of how we can work together with communities. We can um you know, have insight into the behavior of those communities, the conviction of those communities, and and assets that they use and they choose to hold. Um well, at the same time, um making things practical. Um you know, you can't uh I know a lot of um of holders of assets, um a lot of people who um hold a high proportion of their assets in crypto, whether that's stablecoins um or or various crypto assets. Um and there comes a time when um you need to unlock some liquidity to to pay for things, or you want to um you want to use some of the gains that you've you've gotten through um investments in digital assets to um pay for everyday things. And so, uh RedDotPay makes that possible, and it's also um I think uh a really good benefit of partnerships like the one we're talking about today um to to make it possible for XRP holders, as an example, to do the same thing.

[00:22:34]>> Absolutely. For me, and and also for us at XRPL, I think that credit on chain is one of the most exciting things that are coming, I think in general, to uh financial services and full digital finance.

[00:22:45]Because, you know, we've spent so many years in building the infrastructure to enable the tokenization of assets, the settlement of assets, the transfer of them, and now we're bringing into life the next layer, which is how do we put these assets into work in a structured, standardized way. Um and this really goes hand-in-hand with the upcoming XRP native lending protocol, which is currently in voting that enables exactly that. Goes together with the single asset vault amendment that enables you to aggregate liquidity from different types of assets that lives on the XRP ledger, whether it's the XRP, our USD, or even other other W assets, and to basically put them into a pool and be able to from one side generate credit and loans from there, but also of course enabling yields to different types of XRP holders, retail or institutionals. So, this is of course a very very exciting thing, and I think that again the product that you guys have launched it is a mere example of the art of the possible, if you will.

[00:23:40]Um, and this basically leads me to a, you know, I call it the the under the hood question, right? Where we where we can talk a bit more to the architectural design of the thing.

[00:23:49]And basically looking to how do these payment rails actually settle. Now, of course from the end user everything is about abstracting this layer, making everything as seamless as as a as invisible as possible. But, from the other hand, the entire settlement actually happens um behind the scene whereby you have the different types of players that needs to be working together, right? Whether it's a partner, the protocol, the card scheme, and different aspect, and also integrated to the XRP ledger.

[00:24:17]Um, so my question to you is basically how does basically your infrastructure plugs into this familiar card network and bank rail? And where does the XRP ledger comes into place within your design architecture?

[00:24:30]>> Yeah, so um if we're talking about um let let's say we're talking about um like the credit example um for XRP before. So, if you pledge XRP on the red. pay app, um uh you will be extended uh a credit line of uh stable coins. Um, and that that stable coin um then forms um kind of like the originating asset of what you would then pay for at any old merchant. Um, so, let's say you're you're starting your work day, you're you want to pop into a coffee shop, um, before you start, um, and you're using your, um, your stablecoin balance to do so. So, you will use the, um, Apple Pay or Google Pay function on the Red Dot Pay app.

[00:25:25]Um, the, um, uh, transaction, um, will be, uh, paid through, um, and uh, if if you do use, uh, Apple Pay, for example, um, uh, there's a a transaction fee that, um, is paid through, um, that provider. Um, but basically, if we zoom out and look at it, um, we need to, as Red Dot Pay, we need to facilitate the transfer of value between an existing liquid stablecoin and the merchant doesn't expect a stablecoin, necessarily. They expect whatever local currency that you're settling in.

[00:26:05]Um, so, that entails a, um, a, uh, variation in different markets, but it's basically, uh, a, um, a sequence of banking partners as well as payment partners that help to do the conversion as well as a settlement on the back end. Um, and the user pays, um, about a 1% transaction fee to help facilitate that. Um, so, uh, I I think that we're getting closer to, um, uh, abstracting away, um, at least the user experience, um, and there's a lot of things on the, um, platform side in terms of, um, UX and what we present to the user and how we walk the user through actually managing their assets that we we don't want we want to make it a lot easier for people to swap assets and you know without paying gas etc. But to answer your question there's a sequence of settlement and banking partners that is slightly different in each market um depending on the currency that you're settling in that RedDot Pay through um kind of like the blood, sweat, and tears of the team and the partnerships and commercial agreements on the back end that they've been able to strike on behalf of the users to get to that fee as as low as possible it is is doing and that's I think one of the values that we provide.

[00:27:46]>> Yeah, absolutely and when a player like yourself when a platform like yourself chooses indeed to launch a crypto card of course everything that comes with it from the protocol itself and its features and capabilities settlement time, speed, velocity, security as well as other primitives on the ledger becomes crucial.

[00:28:07]The partnership itself the network that the again the protocol itself brings is extremely crucial itself as well as the assets that that lies there. So you guys again chose to launch with XRP and our LUSD came to learn a bit about the decision process there what are the key things that made you look into those assets and to the XRP protocol as the winning solution and the optimal platform for that.

[00:28:31]>> Yeah, I mean I think I think it's it's both partnership driven it's also architecturally driven based on the strength of the XRP ledger um in general.

[00:28:48]Um, you know, first to I think focus on the partnership side, um, we've been really close with Ripple, um, since the beginning, um, and we've worked together to support, uh, different range of initiatives that have brought value to our shared community.

[00:29:05]Um, I think that we did, uh, quite recently, uh, a campaign, um, that was, uh, under the, um, under the umbrella of, uh, the remittance, um, uh, capability that I was talking about earlier, where it's spend crypto, receive, uh, Nigerian Naira via Ripple payments.

[00:29:27]Um, so that's something I think that brings together, um, the stablecoin elements, uh, the fiat settlement element as well, um, that that, you know, was one of the precursors, I guess, to, um, our, um, current partnership. Um, and I if you if you, uh, uh, go back to why we're doing this, I think that, um, we also have some sh- some shared convictions, um, when it comes to accelerating financial access globally.

[00:30:00]Um, you know, there's there's a realization between, um, both of our, uh, organizations that stablecoin based payments, um, really need to become part of everyday life, um, to help uh, expand financial access globally. Um, this is not just for, um, people who are already well served by traditional finance. This is also for people, um, who, uh, have to who find it hard to jump through hoops, um, to be well served by, um, traditional finance. And that's one of the ways in which, um, crypto, uh, and our, um, respective organizations can make a difference.

[00:30:45]Um, when we're talking about the ledger, uh, the XRP ledger side of things, I mean, it's it's pretty simple, um, uh, we're we need, uh, uh, we need more blockchains, um, like XRP ledger, um, with reliable infrastructure, um, it uh, one thing that's really attractive is that independent validator mechanism, um, and of course, uh, extremely low settlement time as well as cost, um, high throughput, high volume.

[00:31:20]Um, so there are a bunch of technical things as well, um, which makes entering into a partnership like this a pretty easy decision for us. Um, so it's both really. It's, um, it's the architecture, it's the technology, um, it's also, uh, the shared convictions of both of our organizations to try to make a difference with, um, what we're doing.

[00:31:43]>> Absolutely. And working with, again, partners like yourself, really introducing these new products. So now, basically, giving these XRP cards, uh, basically, you enable the XRP community, right, to use their assets, uh, and to basically borrow against them to have further support, further, I would say, ratio in terms when it comes to FX corridors. You mentioned there in Nigeria and in other markets as well.

[00:32:06]And basically, enabling them to use stablecoin as the benchmark for every day utility payments, from merchants to SMEs to, uh, offshores, you mentioned there, workers, as well as to the the tech digital nomads and the wider XRP community that now potentially will be able to, again, use XRP and other assets to put them into work and potentially generate some yields. So that's extremely, extremely exciting for us. I want to ask you, what do you see basically the next three looking like?

[00:32:32]All right, so we've mentioned a lot of the things from a pure digital finance perspective. We, of course, have been extremely active also on the intersection with AI and how can we move into a more autonomous flow? Of course, stablecoins sits at the heart of autonomous agents and the agentic commerce completing >> [clears throat] >> late settlement trades agent by agent specifically much more relevant to the whole merchants world. So keen to hear from you, where do you see the next three years going on that aspect?

[00:33:00]>> Uh I think it's going to be really fascinating to see how far this wave of um or this influx of stablecoin powered card volume, how far it can really take us um and and how much more adoption we can get. I think that we are um really in the early innings. I mean RedDotPay is less than three years old um which is which is um quite impressive with the amount of things that um the team has been able to do um in that short time. Um and you know, to go to go from nothing to to 8 million people who are using our app for for real um uh stablecoin enabled financial transactions is is pretty uh impressive but I think it's just the first few innings um when we're talking about stablecoin enabled payments. Um you know, there's a lot of talk right now about um agentic. Um I think we are it's even earlier um in the discussion to talk about um how big agentic could get. Um but I think that's actually going to move really really quickly um because AI-driven commerce is just getting so much investment right now. Um it's something that we are definitely getting prepared for. We we have a Red Dot Pay skill feature that we're um going to make available in a matter of weeks, actually, which is really exciting.

[00:34:40]Um but I think, you know, yeah, next 3 years, it's it's partly going to be a building phase. It takes a lot of work, a lot of elbow grease to um get licenses, to make sure our compliance is the best that it can be, to to cement banking partnerships, to make sure that we can we can connect our users to traditional finance rails.

[00:35:14]Um I think it's so a lot of it is not going to be sexy, so to speak. A lot of it is going to continue to be partnerships, uh increasing our our currency um offering, um onboarding new um uh blockchains and assets, um and looking at where users already are, for example, like the Southeast Asia behavior that prompted our launch of of uh scan to pay.

[00:35:51]We really need to um uh not get complacent, even though we're kind of in the midst of this huge wave of stablecoin payment adoption. We can't afford to be complacent. We need to always uh have our eye on the ball because things move fast, and so yeah, I think it's going to be exciting.

[00:36:14]I wish I knew what was going to happen in the next 3 years, let alone the the next year.

[00:36:19]Um but I do think that it's going to be defined by how far this wave of stablecoin payment adoption goes.

[00:36:28]>> Absolutely. Um fully agree. I think indeed like you mentioned from one side we see regulation coming together, right? With much more a defined framework from the genius and clarity act with the the current day aspects that we have there, but also Mika of course paving the way and in Asia different types of a framework that standardize stablecoins.

[00:36:46]From the other side the agentic web, right? The agentic finance. I think that the promise that distributed ledger technology brings on the sense of tokenizing and creating a representation to much more financial assets that up until today were not able to have this appropriate standardized way opens the whole new world of how different types of agent can basically work upon them and take it again into honestly really the future of of digital finance. On that aspect we have also launched a few weeks ago the XRPL AI toolkit which basically offers exactly that a very a standardized plug-and-play SDK way to developers to start and harness and experiment with this on the XRP ledger. And I agree with you this is only the beginning. So I'm very excited for what's coming next.

[00:37:31]Any last statement from you Taylor to the XRPL community from your side?

[00:37:37]>> Um I think the the main thing that from all of us at RedDotPay is that um we really we really are going to continue to work with your community as much as we can.

[00:37:54]Um I think that the uh launch of XRP as an asset RLYUSD support um on the RedDotPay app is a starting point. It's not the ending point. Um we know that the community is vocal. We know that you have conviction.

[00:38:14]Um we know that um in many cases uh you want the ability to use your holdings without selling them Um to help access spend or credit to use for everyday things. So we're going to continue to work with the XRP team to see how we can best serve you and we promise to stay close. So we'd appreciate if you'd also stay close with us.

[00:38:42]>> I've said it and I'll say it again, this is only the beginning.

[00:38:45]So thank you so much first of all for your partnership and for building this great again solution XRP card now live on Radio Pay enabling exactly a lot of the elements we spoke about today.

[00:38:56]Looking forward for what we can bring together in the future and of course to staying in touch very closely. So thank you for sharing your insights today and looking forward to the next time.

[00:39:05]>> Thanks, same here.

[00:39:07]>> Thank you Tyler. Thank you everyone.

[00:39:11]>> All right, thanks.