zipzap overview - bill & melinda gates foundation
TRANSCRIPT
[email protected] | 714 906 2548 | www.zipzapinc.com
Financial ExclusionFinancial systems exclude 53% of the world. Most of
these people live in poverty.
Pick Your Poison
Bank Wire Slow, Expensive, Black hole
MoneyGram/ Western UnionExpensive (about 8%)
PayPal/Credit Cards Expensive: $0.30+2.9%ChargebackPrivacy/Fraud concerns
Cost of Money Transfer
*figures from the World Bank
Average cost to send money by product type
Lowering fees by just 5% could save consumers $16B / year.
[email protected] | 714 906 2548 | www.zipzapinc.com
Remittance Market
$540B MARKET
PER YEAR
$74B FEESPER YEAR
8% AVG
Top Remittance Receivers (World Bank)
Remittance Is Growing
2009 2010 2011 2012 2013e 2014f 2015f 2016f0
100
200
300
400
500
600
700
800
Remittances to developing countries Total Remittances
*e is expected, f is forecasted
Up to 40% of GDP
Poor countries rely on remittances as a source of
income.
Remittance Fees vs. Foreign Aid
Fees taken from remittances Total foreign aid0
20
40
60
80
100
120
140
160
Total Aid Given vs. Remittance Fees
$74.4B
$133.5B
How can we fix this?
Innovate!
Innovation!
Payment innovations increase GDP
$983+ Billion total to real GDP around the world.
+1.9 Million jobs
Increases in GDP lead to positive social benefits
CleanWater
Improved Healthcare
Lower Corruption
Higher Literacy Rates
GDP
Decentralized Currency
Fast & Cheap
Instant transfer of property
without intermediaries or
high fees
Not just for techies,
libertarians and the anti-
establishment
Truly universal
No CorruptionNo InflationNo Banks
The next wave of innovation: Money 2.0
$
Bitcoin Numbers
• $370 Price
• $5B Market Cap
• 33K Developers
• 65K+ Merchants
• $5M+ Wallets
• 500K People
• $300M+ VC Investments Source: CoinDesk, July 2014
Usage Is Growing But In The Wrong Places
Remittance Is The Best Use Case
US India
• Micro e-Commerce
• Travel
• Platform Solutions (Bitcoin 2.0)
• Authentication
• Transcripts
• Escrow Transactions
• Title Insurance
Other Use Cases
Reduces Costs
Provides Efficiency
Creates jobs
Increases GDP
Leads to positive social benefits
Enhances quality of life
Conclusion
[email protected] | 714 906 2548 | www.zipzapinc.com
THANK YOU!
Alan Safahi, [email protected]
714 906 2548182 Howard St #207
San Francisco, CA
People likely to use Bitcoin
Hispanics
Voters without a bank account
African-Americans
Liberals
Independents
Tea Party supporters
Democrats
Voters with a bank account
Conservatives
Whites
Republicans
0% 10% 20% 30% 40% 50% 60%
Source: Morning Consult