 the flow back. So my name is Sva and I want to tell you about TALER which uses a lot of crypto but this is not another cryptocurrency, it's just digital cash made socially responsible and it's fast and convenient and free and open source so it's independent one click cash payment. In every aspect TALER is just like cash so it's a payment system using existing banking infrastructure you can pay in existing currencies like dollars like Bitcoin and you pay anonymously and but you can sell by giving out a bill which you cannot totally do with all the cryptocurrencies and it is free and open source it comes as a canoe package and it has a lot of well proven crypto so like cash I as a customer just withdraw coins from my exchange my bank for example and then I spent my coins at the merchant who again then can deposit his coins at the bank so very same way like cash so here on the bottom you have the same triangle again and on the top you see there's just like a wire transfer layer on top of this so as a private person I find it nice because it's fast and convenient and I can even also transfer money to friends. As a traveler I appreciate very much that there are no false positives in the fraud detection. Also I like that I get a proof of payment and that I can actually back up my wallet which I cannot do with my wallet in the make space though. It's free and open source so as a customer I am happy that there is nothing which I cannot see like any hidden gadgets and third parties can verify and it's private like cash there is no personal information required no credit card details it's just that I can buy anything and just hand over cash like I'm doing every day all around the world. As a merchant I also like it very much because it's fast and convenient and also that there's no customer rejected by fraud detection. Also I'm happy that I get signed contracts and I'm especially happy about that I don't have to handle any sensitive customer account information so there's no security audits on my own infrastructure needed anymore. Because it is floss I can integrate it easy and I have competitive pricing and support by that and it's very ethical it's not suitable for illegal bus businesses and it's legal and it complies with the regulations that are going to come up in the EU for example. Seen from both parties we are very happy that it's cheap so it's cheap and flexible I can use any amount I can also use it for very small transactions which I won't be ever doing for Bitcoin or a credit card it's stable the only fluctuation risk I have is the ones of traditional currencies and it's efficient there's there's no waste of energy or bandwidth and no inflationary costs for the whole economic system like you have with Bitcoin mining. As a taxing government if I would be one I would like it because it is free and open source so it's commons and it preserves the independence it's taxable and reduces black markets it's efficient it's secure and there are no bad banks and it protects me from foreign ask you Nash so fortunately I'm not a government biotechnologist so I like it very much that it has very proven old crypto there's a list here and that it uses GPL, LGPL and APGPL and that's a very well-studied university project so to go on you can test TALA on demoTALA.net you can read the docs check out the api and the code you can join TALA on free note you can subscribe the mailing list you can follow TALA on Twitter and you can help us by just giving feedback especially on the website we just recently updated you can tell the friends and you can try to establish exchanges in your currency thank you. When you use it I get that the bank doesn't need to be a member of anything or supported it's just a normal transaction that I can make up, is there any technology that the bank needs to provide? The bank needs to you need the you mean the exchange one? Is there anything that the bank can do to stop this from working? Not really because the banks also getting out at it very hard and it also doesn't have to be a bank so someone like PayPal could also be an exchange point. If no bank likes it then they could prevent it because we need a bank to actually have exchange points.