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Space Summary
The Twitter Space session involved multiple speakers navigating initial technical difficulties while emphasizing the importance of social engagement and effective community management. Encouragement for audience interaction through likes, retweets, and comments was a central theme throughout the session. The participants faced challenges related to coordination, audio issues, and the management of a vibrant online platform. Overcoming initial hurdles and ensuring all speakers were present led to a more engaging and fruitful conversation, highlighting the nuances of managing a successful Twitter Space event.
Questions
Q: What have you learned from providing backend infrastructure for crypto payments?
A: Continuous improvement and adaptation are vital due to shifting market dynamics and user behaviors.
Q: How do you see the evolution of marketing in the crypto space?
A: Marketing strategies must continuously evolve, leveraging new methods discovered through community interactions and feedback.
Q: What's the importance of collaboration within the crypto ecosystem?
A: Collaboration leads to new methodologies and innovative practices, fostering growth and improved solutions.
Q: What challenges have you faced in the crypto payments sector?
A: Adapting to new market trends and managing user expectations while ensuring security and privacy.
Q: How can crypto payments benefit economies under pressure?
A: Providing global access can help alleviate economic pressures by offering more flexible financial options.
Q: Why is user feedback crucial for crypto solutions?
A: It helps tailor services to better meet user needs and stay relevant in a competitive market.
Q: What role does security play in your crypto payment solutions?
A: Ensuring robust security measures is essential to protect user data and maintain trust.
Q: How important is keeping up with technological advancements?
A: Staying updated with technology is crucial to sustain a competitive edge and drive innovation.
Q: What has been your experience with user behavior evolution?
A: User behaviors constantly evolve, requiring ongoing adjustments to strategies and solutions.
Q: What are the future prospects of crypto payments?
A: The sector holds significant potential for global economic integration and innovation, driven by continuous learning and collaboration.
Highlights
Time: 00:00:05
Introduction
Time: 00:10:25
Market Evolution
Time: 00:20:45
Learning Curve
Time: 00:24:30
Collaboration Benefits
Time: 00:30:15
User Feedback
Time: 00:35:00
Security Priorities
Time: 00:40:05
Economic Benefits
Time: 00:41:10
Marketing Evolution
Time: 00:45:25
Technological Advancements
Time: 00:48:45
Future Prospects
Time: 00:50:30
Closing Remarks
Key Takeaways
- Continuous development is crucial due to changing market conditions and user behaviors.
- Learning from past experiences aids in refining strategies and services.
- Collaboration within the ecosystem leads to innovative practices and growth.
- Ongoing adaptations are necessary as the job is never fully done.
- Marketing strategies evolve over time to align with trends and feedback.
- Crypto payments can empower individuals in restrictive financial systems.
- Global accessibility through crypto payments can alleviate economic pressures.
- Enhancing user engagement through regular interaction is crucial.
- Security and privacy are top priorities in crypto infrastructure.
- Staying abreast of technological advancements sustains competitive advantage.
Behind the Mic
Hello to everyone. I want to ask you guys a bit of a technical question. Maybe not so technical, but it's about your experience with building these solutions. What kind of things have you learned in the journey of providing back end infrastructure to enable crypto payments? This is for you, Shunammiev or MJ? Yeah. What, what I would say around this is that it's kind of like the job is never really done because in a sense you could be tending to a certain use case or problem that they, these customers might already have. But along the line there's always, what I would say is always restorations and adaptations based off. It could be based off on user behavior based off on how the market is moving. It could be some things, I mean, required tweaking along the line, but that's just first thing that comes to my mind on this. basically, I feel something I would say is what happens? We learned we, where were like two years ago in building this business project. Where we are two years ago is not where we are now. Obviously there were ups and downs, but the good thing about is once you learn from it, you actually move. Like me personally from cost engineering. Obviously, there, there's been up and down the journey, but that should happen again once you learn from it, you get better at it. And what this journey has actually taught me is that sometimes while building solutions or building agents to ensure people access to crypto and payments. I mean, you would think that you've pretty much done everything, but for some reason you just realize that there's almost always an issue at one end because you're talking about payments. Payments happen between two or more parties. Well, the thing about it is what this has impressed upon me generally is that learning is a continuous journey and that there's always that's going to spring up on you. If, for example, you feel that okay you pretty much identified what customer issue A is, which is what we do today. By the time you feel you fix that. And then you're moving to customer issue B or maybe customer issue A springs up something else that you've not planned for. So constantly we're learning you never really arrive at perfection because there's just so much difference. And as long as you're providing solutions around finance, you're providing solutions around people's cash, I mean, people really, really do you have short nerves? So basically, I mean from building, I mean, or providing these solutions, what that has impressed upon me as a person is no matter what you've done, always have it at the back of your mind that something could go wrong. Number two, always, always make sure that you do, when it comes to people. Because people are touchy about their payments. That said, finance is a very tricky, touchy set of solutions to build. regardless of who the person is. Just, ensure that you take continuous feedback and keep making improvements along the line. That, that's the learning experience that I've had, just never feel you've arrived. The fact that you delivered a solution now, does not mean that the person is going to be happy tomorrow. Something else could just come up, a whole lot of issues could come up. And like I said earlier, it needs you to keep evolving and tweaking from Shunammiev. He thinks that what he's done amazing job with Sherlock being able to tackle cross border payments, payments within Nigeria. I'm looking at a space on another thing. Just kind of happened a lot are quite innovative from a side of lower foundation. One of the most recurring learning points is just realizing how powerful and fast the experiences with identical solutions in the opposite markets and somewhat bring people back to this bar. Same issues David Was Says What Just Count is Different Hue Points. And I think it's mostly on even the smaller sets of people feeling like having to train someone brand new to introduce tools being used in space is what really restricts innovation or developers that just come from a less technical background to have requirements and because they putting limitations on the current solutions used we have to now work the payments. That aside, you'd also realize these smallest things do consume just as much time based on the background they're coming from. I mean, like Finact is how very slow you can approach certain integrations, more expressed shared from our customer base. Because of the different spectrum you need to reach or just being involved with final delivery of a product when integrations are involved then quite slows down. And, some other aspects like side fantastic or less roofs in space standpoint provide customer payment because our best bet to keep going. Following drastically more around the financing supply chain to say Shunammiev. 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