Osama Morad wants Keyrpto to challenge eBay and Amazon

0:00I'm Ashton Addison CEO of event chain for the crypto coin show and today on blockchain interviews we have osama Murad from ki ripto great to have you on the show Osama thanks thank you so much and thanks for all the fans who are watching this video we would like to introduce our platform here too and thanks actually game for giving us such a chance no problem so please tell me how

0:29did ki ripto get started how's it going and what's the vision for the platform okay how we started and the main question and everyone is asking who are involved in crypto world how to cash out how to get you a theorem to a rare money to buy product and two years ago I was involved in a cryptocurrency investment and I have a lot of friends are doing

0:59the same so after some time one of my friends wanted to excel a bicycle for something and at the same time I have another friend who would like to buy a laptop or he so I was I was thinking why don't we have a platform which is like getting the buyers and the sellers at the same time who would like to sell for

1:27a cryptocurrency and who would like to buy or a cryptocurrency so actually my master degree is in e-commerce so I was thinking I should build this platform myself and I get a good team actually who are helping me in this that's how the idea started and we start build a platform and later we said okay we need the help from the community that's why

1:53we started our ICO and the vision for gear 2 we would like this to be a daily user platform like anyone is thinking to buy any product and he has some cryptocurrency he can go easily and buy his product with the etherium or the Bitcoin he has anyone would like to get more Bitcoin or etherium and they have approved it to

2:21sell they can go and sell this product and you know that the correct award is increasing day by day and a lot of people are willing to accept currency as a payment that's great yeah baby use black for this awesome so essentially we're looking at a full ecommerce marketplace but using cryptocurrency specifically and will there also be fiat currency involved at the beginning no

2:48but maybe later yes we will include this at some point but at the beginning no great so how else does the key rip to a platform compared to when I think of big ecommerce platforms eBay and Amazon comes to mind yeah they are a big in the market but at this moment they don't have the smart contracts and accepting all the currencies so I believe we will

3:20be the start and the first platform which is not doing this and we will doing it smartly and we are have a full and a lot of ideas to be involving our platform so in the future we will be competitive with them for sure and maybe at the current state they are bigger but we started and for sure we will reach to this level basis that's great to hear

3:49so how big is the development team and at what stage of the development is the application at right now right now we released a demo and this was just proof for the concept and we are working on the beta platform we will start the beta with a three month it will be available and we will start only by one country or two countries to control everything

4:17after more like we can say in August we will release the second beta and this will involve more countries and we will get the feedback then by the end of the year we can release the first version of the product the full version of the project great so you're also planning on doing an ICO and releasing a token how are you planning on integrating that token into the platform

4:43and what's the timing on the ICO like compared to the development of the application actually currently we're talking called heat the heat won't be used first as a seller if you would like to set up a store in the platform you need to have a fifty thousand kit this maybe will change based on the kits price in the future and if you are a seller and you would like to do some

5:10advertising we sit on the heat in the platform we don't accept anything else if you would like to come first and the result in case you are selling for example mobile and someone is searching for mobiles you would like your stool to become the first result you need this kind of advertising and enhancement you need to pay us Inc it also any transaction fees it will be based on

5:36heat only as a buyer any transaction fees will be in kit and also if you would like to get discounts and get sacred we call it like secret deals you have to have some heat in your one so for sure it will be used in the platform for the buyer and the sellers but from a different vision for everyone it's great

6:05to hear it sounds like a lot of functionality for the platform I always like to keep in mind the balance between having a lot of functionality dependent on a token and increasing those barriers to entry and trying to make it easier to lower the barriers to have more people use the platform and not make it really difficult yeah true yeah so when you're

6:28making purchases through key ripto is there a secure payment like say I pay the seller is it how am i guaranteed that they're going to send the object that purchased and are you guys involved with escrow on purchases or how does that work okay there's smart contract between the seller and the buyer however smart contract will work there is two levels

6:54in this level one is the normal small contract what I mean is you are a buyer you would like to buy a product the payment will be saved at the etherium local disco at the beginning and once the product delivered to you and we will have a partnership with the delivery company which will convert this and once it reached to you we will release the money to the seller next level 1 level 2

7:23based on the seller reputation and ratings the money will go directly to the seller but this will be after you get a lot of good ratings and we become you become you have a good reputation in our system make sense sort of like a Amazon reputation of major sellers once you've done enough transactions then people can trust you so you mentioned that you're going to make a partnership

7:49with the transportation delivery companies what do you have anything lined up for those partnerships what partnerships you guys have right now and what's that situation like yeah right now right now we are talking in one of the biggest delivery company we cannot release the name now but very soon even we will announce this I believe during the IC o—- it's great

8:13do you guys have any current partnerships in for the platform already yes actually we are working the platform since last April and the first step was getting more websites ecommerce website which is accepting currently Fayette and they are willing to accept cryptocurrency and they don't know how to do that and they would like to have a gateway for this and we offer them that

8:43we will be their gateway and we succeeded with with so many we have currently almost 30 ecommerce website and they are willing to get us at the they're a at the gateway the cryptocurrency gateway and we announce some of them one of them is a free man lynda.com that's a very famous ecommerce website in Africa and we got a lot as well like property organda cars angola and a lot

9:17of websites and every day actually we are getting a lot of signups from such websites and such ecommerce platform who are willing to work with us and as well we will announce today that we got one ambassador he is the Arsenal player exceptional player oz Monza he is actually will be our ambassador he was

9:47ambassador for Adidas he was ambassador for Nike and he will be our ambassador very cool to see so a quick question do you what do you think of the chances of current these current marketplace giants like eBay and Amazon accepting cryptocurrencies yes and as I said we are in the current situation they are

10:17bigger than us and they have the ability to grow more but improver with our platform and with the current partnerships we got we are we will be a very important competitor in the near future great to hear so if people are looking to follow the application development get involved in the community or just follow the news what's the best place for them to find that through social

10:45media or actually the best one in telegram itself because most of the time I answer questions myself we are there 24 hours and even people sometime the diag message to me and I answered that I'm using my Daily Telegraph account in our come there so anyone can ask me any question and I go and I answered myself great to

11:12hear well thanks for being on the show Osama I think that it would be good if we could follow up with the application development of key ripto in the following weeks or months and see how the application is going and have attractions building within the community thank you thank you so much Ashley thank you