Yep Leister, it doesn't really encourage new investors does it?
Well Nigel implied in Del's interview (nice work by the way Del) that the un-optimised study started just after new year.... so let's call it mid Jan. The last in vivo study they did with UofQ took about 4 months. If we use that as a guide then surely the results could be due from anytime now.....
Not ramping, just back of fag packet guesstimations.
I think there will be funding round coming up for Satoshipay pretty soon. Meinhard was interviewed in approx October time and stated that they would raise this year.
A sniff of positive news beforehand would be a nice catalyst for a jump from last years 15mill valuation.
I'm just interested in the speed of adoption, how quickly can they gain new clients. This is a growth stock so am not too interested in traditional valuation metrics at this stage.....If anything positive is released then this can easily blow up on sentiment and momentum alone.
Cross border payment fees currently amount to approx 200BILLION p/a globally.
What you actually asked me was why i thought it had been a good update. I was driving for most of the morning hence no time to write you an essay. I thought the Dec update was clearly good as it illustrated that 11 clients had been amassed in less than two months and that the value of transactions via DTransfer would be approx 70m. I was merely speculating that if they had obtained that amount of clients in such a short time frame that it's not much to assume that the numbers could have grown substantially from that point onwards. Plus the more recent updates re the EUR stable coin etc have been highly positive (all points well made by ICS earlier).
You're quite right that revenues have not been mentioned anywhere as of yet but clearly the quicker the client take up the more revenue will be generated. I actually questioned our pricing strategy a few weeks back as apparently we're pitching at approx 90% cheaper than most conventional transfers. I don't want us going in too cheap otherwise you're too reliant upon mass adoption / volume...
The number of initial clients they had picked up in a short time frame was impressive. Was only 70mill transaction value at that stage but If they have maintained that run rate with similar transaction numbers then we will be pleased.