Wampum Introduction Deck

Setting the stage: How we view commerce
A person exchanges currency for a good or service.
Simple… peer to peer.
Copyright Wampum, LLC 2017

The reality of commerce: Credit/ Debit
Technology makes it seem simple.
But that convenience is quite complex.
1. Card gets scanned;
payment goes through
merchant bank.
2. Payment goes through
Visa network, then to credit
card company for approval
3. Bank forwards the money;
money comes from your
account.

“High Risk” business pay as much as 35% in fees and funds can be
held as long as 60 days.

No Bank, No eCommerce
XXX

The Unbanked are Left Out
Unbanked businesses
can’t use electronic
commerce.
So…
They get paid in cash
They pay bills in cash
And they store cash…
http://www.usatoday.com/story/news/nation/2014/09/04/legal-marijuana-
workers/15000903/

So they have to protect themselves…
https://www.usatoday.com/story/news/nation/2014/09/04/legal-marijuana-workers/15000903/
Armed Couriers
Armored Cars
Surveillance
Assisted Deliveries
Strict Schedules
Safe Storage

Security: The Hidden Costs (16 – 26%)
3%
10%
3%
3%
2%
1%
Cashiering
Physical Security
Collection
Warehousing
Delivery
Audit

•Handling cash is expensive due to
cashiering mistakes and skimming.
•American Society of Employers say as
much as 20% of profits for cash
businesses are lost due to skimming.
Cashiering: The Losses

It’s Time to Win with Wampum
Unbanked companies & individuals can take advantage of electronic commerce.
UNBANKED
COMPANIES
Save as much as
90% over existing
payment
processing and
security costs
MERCHANTS
Less expensive
and faster
alternative to
credit cards.

Wampum Register© Software
Merchant wallet safely manages your crypto payments.

Wampum: POS Payments

Wampum: Web Sales

Wampum: Deliveries
Retail
Wholesale

Wampum: Pay your Vendors

Wampum: Pay your partners or employees

Wampum Register© makes this possible
A person exchanges currency for a good or service.
Simple… peer to peer. No Intermediaries. No Delays. No Charge-backs.

Wampum Q&A
How do customers get
cryptocurrency?

Wampum Q&A: Customers
Customers load their wallets with Bitcoin
1. Customer
downloads a
wallet app.
2. Customer purchases cryptocurrency.
3. Ready to buy product.

Wampum Q&A: Customers
Customers load their wallets with Bitcoin
1. Customer creates
account on an
exchange*.
2. Customer funds online wallet with
Credit Card, eCheck or Wire transfer.
3. Customer downloads
a wallet app**.
4. Ready to buy product.

Wampum Q&A
How do I accept payment?

Wampum Q&A: Buying In-Person
Simplified flow of funds for sane eCommerce
*Cashiers can only accept payments!
1. Wampum
Register© displays
QR code.
3. Bitcoin transactions are now
stored in your Merchant Wallet*
and under your control.
2. Customer scans QR
code to send payment.

Wampum Q&A: Buying Online
Simplified flow of funds for sane eCommerce
Payments take from 10 to 25 seconds to complete. The funds are typically available in about an hour.
1. QR Code
displayed on
Checkout Page.
3. Bitcoin transactions are now
stored in the Merchant Wallet
and under your control.
2. Customer scans QR
code to send payment.

Wampum Q&A
How does the ‘money’ flow?

Wampum Q&A: Money Flow
2. Wampum Register© tracks
the Bitcoin on the Blockchain.
3. Consolidation moves the
funds to the final destination.
1. Customers pay from their wallets.

Wampum Q&A
What you do with your money is your
decision not ours. Wampum
Register© gives you many options.

Wampum Q&A: Consolidation
Your revenue. Your decision.
1. Manager runs
consolidation.
3. Funds are sent to your wallet.
2. Transactions are combined and sent to
your predetermined wallet location.

Wampum Q&A: Consolidation (Banked)
Direct settlement to the currency of your choice
2. Transfer to your bank via ACH or Wire
1. You can automatically exchange Bitcoin for US$

Wampum Q&A: What next?
Once I own cryptocurrency, what then?

Wampum Q&A: Options
Pay Employees Partner Disbursements

Wampum Q&A: Options
Pay employees via an Employee Service Company

Wampum Q&A: Options
Thousands more:
http://bit.ly/2rCXCW9
Pay vendors and suppliers

Wampum Q&A: Choices
Convert to hard currency via local or Internet exchanges

Wampum Q&A
How does the Merchant
Wallet Work?

Wampum Q&A: Merchant Wallet
Merchant Wallet/
Master Seed
Clerk Wallets
Clerk wallets are
only able to
accept payments,
not send them
without the
master seed.

Wampum Q&A: Merchant Wallet
Master Wallet/
Master Seed Only the Master
Wallet can send
funds with user
provided Mnemonic
Code.*
*Based on BIP39

Wampum Q&A
What about compliance?

• All transactions are in the Blockchain
• Provides fiscal transparency and customer privacy
• Wampum Register© is your virtual register; there is
no third party necessary
• No local bank required
• No PCI Compliance required
• No payment information means no fraud issues.

Wampum Q&A
Is cryptocurrency easy to
use?

Is cryptocurrency difficult to use?
• Cryptocurrency is new and a bit different
• Other similar applications have been successful
over the last two years.
• Starbucks (27% of all payments*)
• Walmart
• Panera
http://s21.q4cdn.com/369030626/files/doc_news/Q1/Q1-FY17-Release-Final.pdf

Wampum Q&A
What about wallets?

What about the mobile wallet?
• Customers require a modern Bitcoin wallet.
• Browsers, but for cryptocurrency.
• Customers leverage the entire bitcoin ecosystem,
not a proprietary service with a single vendor and
point of failure.
• International payments are supported.

Wampum Q&A
What about volatility?

• Cryptocurrency is more volatile than most first world
currencies.
• It is designed to appreciate over time.
• Negative volatility risk is lower than risks associated with cash.
• You can use exchanges to reduce volatility risk.

Russell Castagnaro
russell@cryptowampum.com
http://cryptowampum.com
Matt Skoda
matt@cryptowampum.com

Wampum Introduction Deck

Recomendados

Recomendados

Más contenido relacionado

La actualidad más candente

La actualidad más candente (20)

Destacado

Destacado (20)

Similar a Wampum Introduction Deck

Similar a Wampum Introduction Deck (20)

Más de Russell Castagnaro

Más de Russell Castagnaro (14)

Último

Último (20)

Wampum Introduction Deck