Okay. So we see — it’s still early for us, but we see a very big opportunity and here’s why, if you think about what we call pay in where a shopper wants to pay for a product using crypto, usually it’s instead of a credit card. There are some verticals that where we have bigger adoption, but the mainstream I don’t think will be really taking off until we have the CBDC’s, Central Bank Digital Coins. So of course, it’s growing and more and more people get experience, especially outside the U.S. I was in Dubai in December, I was in Rome in January or — and it’s amazing how quickly it’s growing. And if you look at the European Union’s legislation around crypto it’s happening much faster. So — but it’s — there’s still a — only a subset who wants to receive of the payment crypto.
But if you look at the payouts, for example, you asked how big are the clients. The client — one of the clients we signed up for this product they have more than $1 billion in revenue. They payout hundreds of millions of dollars each year. And so to a group of customers that they have and the adoption there is expected to be much higher based on — there are other products out in the market. And so we expect the adoption there to be between 25% and 50%. So if you think about it, you’re sitting out in the Philippines and you owed $800, why not just get it in USDC, right, pegged to the dollar, no volatility risk, paid out within minutes. So we expect a lot of that only because it really solves a big problem both for the recipient, as well as the merchant that pays it out.
And these people talk to each other, they’re recipients, right? They talk and sit there and they’re like, you know what, oh, you waited a week for your money via a bank transfer and you had to pay $30 for that? I got my money in a few minutes, and I have it right here on my phone. And it’s usually young people that, that use these kind of whether it’s gambling or it’s the gig economy and some of the other verticals that are also interested in this. So yes, very large clients and yes, some of our biggest clients have signed up for this. Based on current information and numbers by what date or time frame you believe you’ll reach breakeven or become profitable? I keep getting this answer, when are you going to be profitable? And I keep saying the same thing, we’re following the model — proven model here in Silicon Valley, which is grow as fast as you can and use venture capital or investment capital to become number one.
Thousands of companies have been successful here. This is how I’ve done all my other five companies, you grow fast and that’s how Salesforce was built, that’s how Tesla was built, that’s how they all build like that. And I know very few companies that became number one organically without raising money or yes without burning money. So our goal is not to become profitable to breakeven, not that we don’t want to and we may do it at some point. But it’s not a goal per se. Our goal is to grow as fast as we can, and when I compare us to some of the other players in the market who have raised private capital, we’ve come quite far without raising too much money. So it’s not that we are just should burn money like crazy and we’re not, but we need to be prudent about how we spend our money, but we prioritize growth over profitability right now.
