John Russo

Hello everyone. My name is John from Washington Elite and this is the premier platform for news and entertainment media in the international blockchain community. And today I’m here with Eljaboom from OKSE, and we’re going to speak about OKSE, about the market and about yourself as well. So first of all, can you please tell me a little bit about the project and what you brought here to the Blockchain Economy? 

Eljabom

Our project is unique. It’s called OKSE. It’s the first noncustodial wallet, the same as metamask wallet with visa. So it’s your keys, your crypto and you do only KYC for the visa part because you need to as well follow the regulations. So let’s say for example, you use your visa and the money is coming from money laundering or from ponzi scheme. The visa will stop, but the access to your funds, no one has it, it’s your keys, your crypto. And for the first time in history, we are, in the crypto history. We are in more than 117 countries. They can apply for it. And we have Apple pay and Samsung pay. Where you get it? You do KYC and it’s got passed by our KYC partners. You’re going to get the card within 7 hours or something, and then you can put it your apple pay, google pay or something, pay and enjoy for more than 60 million versions. 

John Russo

That’s amazing. 

The question is, with a service like this, with a product like this, who do you think is your main customer? Because from my perspective, people who make money in crypto and want to spend it, but they don’t want to use exchanges and stuff like that. 

Eljabom

I’ve been in this space for more than nine years, okay? And when we came, me and Tobias, which is the founder and I am  the co-founder, we said, let’s solve something that would stand for the future. We don’t want us to build something that will just stay for one year. So what is the future? The future is for people to use the crypto and for even attract the Web2 people to come in. Because why would I come in if I’m, a Web2 guy living in Asia, living in the middle east, living in Africa, or even in Europe and the US. But I don’t know how to take my crypto in a normal way, because if I’m not using my crypto today, the way I’m going to go now, I can go with my crypto right away using for example, BNB, I can go right now, buy you whatever a drink and pay right away with BNB and that’s adoption. So we solve the future problem, mass adoption, but we have it today live. 

John Russo

Kind of the main idea is to make crypto a payment method that people can use right away with a simple KYC. As somebody told me, an Okse, it’s has around like 10 to 15 minutes to proceed the KYC. Its like super fast.  And basically you have Crypto, you have the right citizenship and nationality. 

Eljabom

Now you have your keys. If me and the founder, one day we need money, we’re going to announce bankruptcy. We cannot take your fund. 

John Russo

This is a Noncustodial wallet. 

Eljabom

Exactly. 

John Russo

But like add the part that is connected to the Visa noncustodial as well the Visa, 

The Visa, you have a button for the wallet. You move your funds from the wallet to the card and then you top off your Visa and use it. The fund is yours. 

John Russo

Amazing, man. So how long have you been in business? For how long are you developing the product? For how long have you launched? 

Eljabom

We were working offline. Means we didn’t raise any funds. We did it me and Tobias from our own funds, from our technical team, from the legality, from opening companies, from all the things, from everything, a year and a half. Our technology, we are a technology provider. Our technology is the innovation environment. That’s why we have a copyright. It means you cannot use me for a commission. Use, not to mention is fine, commission. You cannot either white label or you integrate your blockchain or you’re talking with us. 

John Russo

Okay, sounds super cool. So who are your competitors and what makes you different? Because as I understand, like crypto.com for example, who are your competitors and what is the difference between you and your competitors? Yeah, so who are your competitors and what makes the difference between you and your competitors? 

Eljabom

I believe we don’t have any competitors because we are decentralized. There is none in the market. Noncustodial. Everyone is centralized. We have apple Pay and Google pay. The majority they still have a card. But I don’t see that we are competing with anyone. I see we are supporting a group. We are a part of a group. There are other card suppliers. They are operating in Europe and US. We are operating in 170 countries. And at the end we complete each other. Still you are going to find some people that only want centralized. They feel more secure because you don’t know how to use the decentralized world. You still gonna to find some people do want the decentralized because they feel their keys they’re crypto and you still have people who go and they want something here or something there. 

There kind of the main difference between you and like crypto.com with their card is that your solution is decentralized and that it’s available in 170 countries. 

Eljabom

And plus we can have as much as book chains, we can support as much as community and projects. As long as they fit our requirements, they can pay. It’s not about six different tokens that they can pay with. We can have at some point maybe 50 tokens, no problem. As long as they meet the requirements, they can be in. So let’s say you invest in X project and that project meets the requirements. You can write away pay for the token of this project, rather than switching it to stablecoin. 

John Russo

That’s super cool. And who’s the provider of liquidity. In this case.

Eljabom

Everything is on chain, so it’s happening on Pancake Swap. So the project has to have a minimum $300,000 of liquidity and banking the project themselves because everything happening on change. They sell it on spot. No hidden fees. Zero hidden fees. Everything in the blockchain. 

John Russo

So the question that I would like to ask you then, how do you make money? 

Eljabom

Of course we have many sources. Mainly we have a subscription fee, $6.99 a month. And if you pay with OKSE, you take 10% discount. So that’s a utility for OKSE as well. Number two is basically when you top up your card, you pay 2.%. But mostly it’s going for the exchange rates because let’s say you’re in Ukraine, let’s say you’re in UAE in a different country that you’re going to pay with their currency. There is an exchange rate on dollars, so that will be taken for that. And of course the token, we have it and of course the company could at some point, I don’t want to say it.

John Russo

So coming back to the subscription with a subscription so basically to use the wallet you have to pay 

$6.99, same as other provider, without mentioning name, they’re taking the same amount, but OKSE you’re taking 10% discount. 

John Russo

Okay, coming back to the subscription. So to use the wallet you have to pay $6.9 a month, right? 

Eljabom

Yes. And the same as other providers, the same as OKSE, you pay the 10% discount, which is a very fair price because we don’t take anything from the spreadsheets. We don’t tell you, hey, listen, we don’t take any fee. But it’s happening in a spreadsheet because we don’t have a spreadsheet. It’s happening on spot on Pancake swap. If you’re using, for example, Kantum, which we support, as well as in Visa, it takes from Trader Dao, which is the largest decks over there. So we have no money coming from there. It’s everything you pay is the exact amount. 

John Russo

Sounds very cool. What is your main objective here at this conference? 

Eljabom

To be a part of the weekly to come and show people. Because the main difficulty we’ve seen so far because I’m an OG myself and people are watching my tweets when I meet them in person. They say, you see a truth tweeting about it a lot. Is it really working? You know, something too good to be true. So they think like it’s a promotion, something can happen maybe after five years or something and I’m just showing a demo. Its actually there.

John Russo

First of all, when I heard about the project that you can do a little KYC and with a noncustodial wallet just make a card like in 15 minutes. And I’m thinking something is not setting right there. 

Eljabom

That’s the biggest problem we’re facing today. Everyone I meet. Oh, my God, It’s Real?I showed them an approval. They do the KYC right away. 

John Russo

Maybe we should increase the prices. So how are you finding the conference? Are you meeting your objectives? What is your favorite part? 

Eljabom

First? As long as I’m educating one person, I’m getting educated by one person. It means it’s served something for me. Because even feedback is important. I’m seeing it in a conference. It’s way easier than someone typing to you in a web3 where he’s texting or he’s even sending you a voice messages while it’s taking his phone, showing you it’s something. Serves a lot right. It makes you sound more efficient and you know the results and you know the issue to help them. 

John Russo

Yeah, that sounds amazing. So if like, what now as a launched application you’re getting more and more users. So how do you see the future of the company in the next three to six months? 

Eljabom

My dream that this will become a multibillion dollar company. Because if you look at who exists already and they only serve in a few countries, they are already a multibillion dollar company.  for me. But I don’t care. I care about today. If I’m serving today, I’m working for today. I’m making some people happy. I can even show you my phone. An Arabic language. After someone told me, you solve a big problem in my life. Not even in his life, because he’s using P2P, taking fiot, doesn’t know what to do with the cash. Why you can do it in a legal way, in a more easy way. And we are attracting more people to do it. And that’s the main goal. Our main goal, bitcoin was made to give freedom to people, but not to support bad actors. Here we are serving exact purpose. Give the freedom for everyone from every nationality, almost, because we have regulatory prohibited, which is very few and very limited. That’s why we are regulated, but keeping everything in the legal. So if you’re having your investment and you make good money, you want to spend it in a normal way? Come to OKSE. 

John Russo

Yeah, man. That’s truly amazing. A question for you as a person. 

Im single

John Russo

It’s about the company. So the question is pretty simple, and I think it was a lot of people who come to Dubai would be possible to write down checks. 

Eljabom

If we don’t support Fiat, we only crypto. We can use the visa. But there is a good news happening that Apple announced. I saw an article that some of the ATMs can actually put your Apple Pay and pull your cash. 

John Russo

I’m not really thinking about that. Like, for example, if you’re a crypto person, you live in Dubai and you don’t want to have a bank account, for example, with a normal bank, and you want to pay for your rent. And Dubai can pay for your rent only in one way with checks. 

Eljabom

No. Here’s why. You have your Apple Pay, you have up to $50,000 and every blockchain we support Visa, a day. Okay? So at the moment. We have four blockchains visa. You can spend a day up to $200,000. That’s amazing. If you want more, I cannot serve you for today, I have to be honest. 

John Russo

But people I think people who want more is a pretty small market. Not many people. 

Eljabom

I’m looking for the community. The normal people

John Russo

Yeah, the normal people, obviously. So can you please tell about what is your website? What is your social media? How can people find you? 

Eljabom

It’s Okse.io. And you can find the website. You can find everything. And me. Eljaboom E-L-J-A-B-O-O-M amazing. 

John Russo

So, okse.io. And Eljaboom. I hope you find it, guys. Thank you so much. The Washington Elite. I’m very happy to be here with you. Eljaboom. 

Eljabom

Thank you for having me and thank you for staying all time here. Thank you very much. 

John Russo

Yeah.

One second, lets shake hands

Eljabom

Thank you.

LIVE INTERVIEW WITH JOHN RUSSO
washingtonelite.com 

@washingtonelite