Ammer Channel

A short recap from Crypto Valley Deep Dive Panel / #web3fest

As in many industries, the greatest asset is not the technology or a particular product, but the people who build and support it. And coming from TOKEN2049 / Singapore to #Web3Fest in Zug and Zurich really felt like coming home from a long day at work. The number of people who have been through many bear markets and winters, the warmth and mutual support, the openness to new ideas and self-criticism is truly unique to the spirit of #CryptoValley.

#Ammerteam at WEB3FEST. Showing photos from our current pilot with an unbanked community in the Peruvian Andes (at 3659 m altitude) together with impactMarket and Celo Foundation.

@AmmerCards everywhere, from Singapore to Zug!

Testing @AmmerCards with Pax Technology, making #AmmerPay and p2p onchain payments available on more than 68 million PoS in more than 120 countries.

Why do you need crypto/blockchain?

As you may know, in a few weeks we are launching a pilot for the unbanked community in Peru together with impactMarket, Celo Foundation and local NGOs. The goal is to provide underprivileged individuals with an unconditional basic income (#UBI), and give them tools and solutions to transact digitally within their community and with the rest of the world.

To do this, we plan to distribute @ammercards and equip local merchants with Ammer Pay on the physical PoS devices. Now for the fun part.

For the past three days, my team has been trying to find a solution to pay for the PoS devices on the local (Peruvian) “Amazon” with a European credit card. And we've tried everything. Private and corporate cards, debit and credit, issued by Swiss, German, Belgian and Spanish banks. Not a chance. And it's not even a huge sum (less than $1,000).

For me, this is the ultimate use case for crypto. We live in a world where consumers want to buy globally and merchants want to sell globally. And the traditional financial system, which is heavily localized / siloed simply does not meet that need.

The internet makes information available to anyone from anywhere. And crypto does the same for the transfer of value. Period.

P.S. It looks like we will be able to solve this problem by relying on an old friend from Peru who will be able to buy the PoS with his local credit card and deliver them in person. Still crazy that with all this technology available, and given that most money is digital and just information anyway, we have to go back to human networks instead of using a machine ones.

Something really cool is about to happen in the heart of the Peruvian Andes! @ammercards

Feel invited to the Web3 Liechtenstein National Day Celebration on August 15th. https://www.eventbrite.ch/e/liechtenstein-national-day-web3-celebration-tickets-689877882317

Quote of the day: „You basically built VISA (in web3) but without VISA. (c) VISA“ 😋

It was a great pleasure to present @ammercards to a good friend H.E. Shaikh Fawaz bin Mohamed bin Khalifa Al Khalifa, Ambassador of the Kingdom of Bahrain to the United Kingdom. Looking forward to bringing #web3 technologies to the Switzerland of the Middle East!

Here is my presentation from the Stable Summit where I demonstrate the payment flow on Ammer Cards / Ammer Wallet. It is available for every project built on one of the supporting protocols, so just DM me if we need to add your token to the payment infrastructure.

https://youtu.be/C1wo2GgoOSw

#stablesummit #stablecoins #web3 #onchain #web3payments #blockchain #ammer #ammercards #ammerpay #ammerwallet

What are the biggest problems that web3 / crypto / blockchain is trying to solve?

And of course I couldn’t resist to present to the founder of Grameen Bank and microcredit a way to go #bankless with his own #ammercard. 😋

#ammer #ammerpay #web3 #sbd #sbd2023 #socialbusiness #worldofthreezeros #blockchain

Here is my presentation from earlier: https://docsend.com/view/ts7iqshxvdzrj9c7

Presenting in front of Prof. Yunus definitely gave me goosebumps earlier today. Many thanks to the panelist for the great discussion.