 Live from Toronto, Canada, it's theCUBE. Covering Blockchain Futurist Conference 2018. Brought to you by theCUBE. Live on, welcome back to theCUBE. Live coverage here in Toronto, Canada, Ontario for Untraceable Presents Blockchain Futurist Conference. Two days, we've been here on day two. Amazing event here, great community. I'm John Furrier, your host. Dave Vellante went back east, so he was here yesterday. Our next guest, Pablo Gonzalez, is the founder and CEO of Genesis Blockchain Technologies. Welcome to theCUBE, thanks for joining me. Thank you for having me. So I'm glad to have you on. First of all, when Bradley Roder says, whoop, watch out for that guy, you must be smart because we trust Bradley. So yeah, but you're doing something really cool. Thank you. The future of trading and exchanges has been a topic that everyone's been talking about, but not a lot of people have been actually moving the needle on. You got some movement here, people doing here, but no one's actually had the full package. And they're running as fast as they can to do it. You guys have done it. We have. How? So take a minute, what have you guys done? What is the product, how did you do it, and what can people use today? Thank you. So it's no longer hot air, as you said. A lot of people are saying what they're going to do. We're here to say what we have done, which is very different. Yesterday, up at the main stage, we launched the world's first decentralized exchange on a mobile platform. We're fully licensed by the Costa Rican Commodities Exchange. We have a broker-giller license, a currency exchange license, and a money remittance license. We already possess the licenses. We're not in pursuit of the licenses. We have what we did. Obviously, we pursued an M&A strategy. We acquired companies that were over a decade in the business, and we just transformed them and kryptonized them as I use the term. And launched the exchange with those licenses and platforms. We listed the exchange with over 40 coins, over $4 billion of shared market cap, and over half a million dollars of daily trading and liquidity. And so this is right now going on in Costa Rica, mainly stable. Is it stable? How's the stability there? So the country is extremely stable. They haven't had an army for over 50 years. It's considered a world-class country for banking, for international businesses so much so. Amazon, HP, Intel, all these humongous companies have large operations in the country. And their posture to crypto is, they've come out formally to state, well, what's the posture from Costa Rica? So they consider cryptocurrencies a commodity and not a security. And that's why we went on to pursue a commodity exchange license. So that opens up doors for you to do this. Of course. And opens up the doors, think about it. So you can now trade Bitcoin with gold in our exchange. Not as of today, we're going to launch that in January. So now you can trade cryptocurrencies with commodities and cryptocurrencies with fiat currencies. So I'm just kind of speculating here in terms of my mind where I'm going with this. Almost imagine the shakeup that's coming. Yes. It's like a blender. I mean, trading gold in Bitcoin, it's just like, who would have thought that was possible a year ago? That's correct. People compare Bitcoin, the new digital gold, but actually comparing them, this is going to shake up like a blender. That's correct. Blend up the commodities market. Disruptive. What's your vision? What do you see happening? I just think that a lot of people are focusing on, you know, they say one of the interviews earlier today, one of the presenters, one of the interviewers was asking me, so is that to the moon, is that Bitcoin to the moon? And I'm like, guys, we need to stop. If we want this industry to really grow and develop, stop using those analogies. We need to create a community that's larger. We need mass adoption. And I think that by including the commodities into the equation, you're catering to the traditional investors that are a little bit uncomfortable with cryptocurrencies because they don't know about them, but they know about gold. And if all of a sudden, now you compare gold with Bitcoin. It brings retail into it. Yes. It brings a real, real retail market. That's correct. You know, I just want to say something. I agree with you 100%. These news outlets out there and other people, they tend to focus on the price of Bitcoin. Yeah. And it's almost like, okay, can we get over that? Yeah, it's got to go up and down. Exactly. If you're in the long game, it should be 20,000. Okay, I can buy that, but let's talk about what people are doing. Yes. Who's building something? Yes. That's the focus. That's correct. So if I ask you now that question, hey, Bob, look, what have you built and what are you going to continue to build if this is a foundational product? Yes. What are you guys going to do on top of it? What's the build plan? Thank you. So yesterday we launched the decentralized exchange with 40 coins. We're going to add probably between now and December, another 110 different tokens. We're doing ERC 20 for now. And in January, we're launching the centralized exchange. So that's where we're going to add the fiat currencies and the commodities. And when, what date is it? End of January. Okay, got it. We're going to make an announcement in November, one of the conferences in Malta. Got it, okay. And so that we were serving the date and everything else for that. But in May of next year, we're launching over the counter trading desk with full KYC, AML, counterterrorism, finance and all of the world-class policies. And by this time next year, we're going to be launching our institutional platform. So we want to be a one-stop shop via the currency exchange that we own. We already have the ability from the central bank of Costa Rica, which is amazing to issue visa cards. So now our users, besides trading, they can take their crypto with them from their mobile phone, convert it to fiat and pay for gasoline by socials. So I'm an entrepreneur, I got my own cube coin coming out, cube token, security token, or utility. So what's in it for me? If I ask you, what's in it for me? What do I get out of it as a business? What do I, you know, are people going to start trading my coins? Am I instantly going to have it over the counter? So as a business, what do I have to worry about? What's the benefits? What matters to me? What's the impact? So if you were to be a coin to list in our exchange, you mean? Well, first of all, you know, we all know exchange is now to list on them. You know, they charge you to, some of them, I'm not going to say the name. They charge you a lot of money. You have 400 BTC and crazy amounts like this. We are going to charge. It's a business at the end of the day. But what we're looking for with the coins that we're going to list is partnerships. And seeing in what ways we can do more and more entrepreneurial projects to change the landscape of the industry together as an exchange and a coin, because potentially what coin is, is a company. You know, what's behind the coin is what's important to us, another coin itself. And so as the company develops and progresses, so will the coin's price appreciated value or depreciated value. And so, yes, besides facilitating trading fees and lowering that up listing and so forth, what we're bringing to the table wants to be much more dynamic. You got to balance, you know, business that you got to do with infrastructure build out. It's like the old telecom, you got to build some cell towers before you roll out mobile. You got to build this entire retail global fabric. How does community play in for you? Obviously, community's very important. I agree with you. That's big time. How are you guys building your community, tapping into anything else? Obviously, Untraceable's got a great community. How are you going to grow your community? So, as an exchange, there could be a conflict of interest. We have to be really careful how we get involved in the community. But what we want to do is buy selected partnerships with projects and coins. The coins are already doing their work. They are appealing to a community. They're raising the money from that community. What we want to do is we want to partner up with those coins. The coins that they're worth partnering up with and that way our reach automatically will multiply. On top of that, of course, we want to work with governments and banks and institutions. We believe, it may not be popular what I'm about to say, but the good old honor guests that came to the hardcore, crypto forget about central banks and centralization, I don't think that that's ever going to happen. I think that the more we cooperate with governments, the more we work with them, we together can shape the industry and the landscape for good. I do believe in that. That's a collaboration, a cooperation with governments and banks to us is pivotal. I mean, you could be a coach to the regulatory. Absolutely. You could be an advocate and partner, not an enemy. We are being in Costa Rica. So before they considered, and they took a position on whether it was a commodity or not, they approached us and we were teaching them. So much so that a congressman that was going to be at the conference and was going to make it, he's the founder of the Libertarian Movement in Costa Rica. He created a think tank of crypto because of us that know has Latin American reach. Think about it, there are 1.3 billion people in Latin America. They all have mobile phones. Exactly. They can now learn about crypto and so we're going to capitalize on it. It's a real democratization. What you do is change the society. If you get this, continue to get this right. This is really key. Congratulations. Thank you. I want to ask you a personal question. For sure. Love the hat. You look great. Thank you. You scratching an itch that was around this. Was it, how did you get to the point where you said, hey, I'm going to go out and build the first exchange and roll up the companies, wire them together, cryptotize them and go nuts and build an exchange. I mean, how do you get here? What's the story? Thank you. Well, it's a story. I began entrepreneurial projects over 10 years ago. Been in the private sector. Because Costa Rica is a services company, we put together a call center that took it from like four people to 4,000 people in four years. I went on to like building my own sports brand in over 10 countries. But then about two years ago, a few companies from Canada, they called me, from here, they called me to help them go public in the Canadian Securities Exchange. I took to companies public last year. And after that, you know, we were saying to myself in the crew, guys, what do we do next? How can we really disrupt the industry? And one of the things we were talking about was, man, we're in a decentralized community that brags about decentralization, trading at centralized exchanges. How ironic is that? Yeah, it's got to change. So we said, you know what? Let's be the pioneers that set out on the quest to build the world's first mobile decentralized exchange. And we achieved that. It's unbelievable. Now you hear the big guys, the whales, talking about we're going to come up with a decentralized exchange because that's what people want at the end of the day. And we were able to be the first ones ever to give that. And it's stability is critical. I mean, I was just at a bank starting up a new account for a new startup that we're doing. And they're like, is this a blockchain company? And I'm like, no, no, God, no, no, no, no, no, no. We're an immediate business. Yeah, those are bad guys. So you can't even open a bank account in some places. So this has really got to get fixed. I get liquid, I got to get fiat currency out. I got to make new things around. The retail market, whether it's trading, investing, it's got to be converted over to the world. Yes. I mean, it's almost like a full changeover. That's correct. Obviously, I think that it'll be a transition process. It'll take some time. There are some banks that are already getting more involved into the process. What's interesting in our case is we even got the central bank, the Costa Rican central bank to be our bank. Think about it. There's no banking with any private bank or a public bank, but the Costa Rican central bank. And I think that more and more banks will follow suit as they see good use cases. The ICO craze of last year, I don't think that it did any good to the greater good of the community. If anything, it brought a lot of prejudice. It's a black eye. There'll be a hangover on that, but that's like a dot-com bubble. All those things in the dot-com bubble actually happen. So I think you're going to just see that get digested out of the system. Inevitable. And a focus on quality. That's what's happening now. Inevitable. Pablo, thanks for coming on. Pablo Gonzalez, who is the founder and CEO of Genesis Blockchains Technologies. First ever exchange, bringing all new magic to the marketplace. It's the Cube bringing you the content magic here. Here in Toronto, Canada. I'll be right back with more. Stay with us. Live coverage after this short break.