Lawrence Chan, Head of Product, MyRepublic (Singapore) - MyRepublic - Singapore Telecoms Company...
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MyRepublic Labs | Operator Solutions
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Lawrence Chan, Head of Product, MyRepublic (Singapore) delivered the presentation at the 2014 Cryptocon Summit and Barcamp in Sydney. The 2014 Cryptocon Summit and Barcamp focused opportunities stemming from Bitcoins core innovation – the blockchain - a decentralised ledger system that allows seamless and efficient exchanges of virtual currency between users and opens up a wealth of opportunities not only for financial products and retail, but literally for any business, enabling them to conduct business more cheaply and more efficiently than ever before. . For more information about the event, please visit: http://bit.ly/cryptoconsydney14
Transcript of Lawrence Chan, Head of Product, MyRepublic (Singapore) - MyRepublic - Singapore Telecoms Company...
MyRepublic Labs | Operator Solutions
Who is
MyRepublic?
We are purpose-built
for the
NBN (FTTx)
me
MyRepublic
The Thin Telecom Operator
B/OSS
Operations
HardwareZone
% to % %
6% to 8%
Less than%
to
to
% to % %
operator economics…
Malaysia
Concrete
Concrete
Malaysia
Low Cost Payment Solution -
Bitcoins?
So what does it take for an Telco to accept bitcoins
;L LWVY[ 9VHK 4HW Does Bitcoins provide savings in transactions that are impossible to ignore for Telcos?
•Telcos pay between 2.5% to 5% for traditional forms of payment systems
•Good Telcos manage between 2% – 3% of bad payments which lead to extra fees to banks
•Most Telcos have a large amount of self help kiosks but systems to accept credit cards or cash are costly
Qualities Needed of Bitcoin Payment Solutions
Instantaneous Swap between Bitcoin and Fiat in
local currency
BITCOIN TO FIAT MULTI CHANNEL RECONCILIATION
From Apps to Kiosks to Websites and Sales Paltform
Integration
10’s of thousands of accounts to be reconciled
everyday
Using Bitcoin as a solution for pre-payment and subscription based charging
• MyRepublic has been in talks with Bitcoin ATM providers and payment system providers to accept post payment charges
• Auto-Deduction only doable if customers bitcoin managed wallets are either with MyRepublic or 3rd party provider
• How do we do credit checks?
Exploring The World Of Telco Remittance Using Bitcoins
Tier 2 Telcos who exist in 2 or 3 countries and have partners in multiple countries can now contend with the Tier 1 Telcos Asia Pac represented over $63 billon of remittance in 2010. Singtel and Axiata today have more subscribers, but tier 2 providers have the opportunity now with partnering bitcoin exchanges and remittance operators
Thousands of Channels on Hundreds of Devices
Is Bitcoin the Ideal credit for OTT?
Is Bitcoin the Retention Solution for Telcos Via Gamification
Accepting bitcoins today makes you retain bitcoin payers
Giving away bitcoins as your “reward points” leads to new bitcoin payers
Telcos have the power to make many people experience bitcoins
