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Intro Music Hey guys Aimann and Matt from Biyo We're just going to give you a little
update about our company about where we are. So, let us know. Should we tell them about
why Biyo first? So, we were basically trolled by a company we will not name and our previous
name had a part of the word trademarked by another company and they said that and they
had more money than us. It didn't even matter what our argument was. It's kind of dumb though
like a lot of companies. It was one of our things where we were like you tell us this
after we go worldwide. Yeah after we got so much press. They just came like hey guys you
infringing on our mark. I personally didn't think that we were infringing. But, you know
usually with the legal system its more about its about how much money you have and yea.
Unfortunately, so you know. We didn't, we read about this stuff and how startups deal
with patent trolls and trademark trolls and all this legal stuff but we didn't expect
it to happen to us and it happened to us. We're actually more worried about someone
stealing our name then us being and infringement. So, we were trademarked and everything, we
just didn't want to deal with it. But, with the new name Biyo. We believe that Pulsewallet
name was actually limiting our company and our vision is greater than just payments.
But, of course were focusing on payments for now. It's going to be a while, the scope of
our company be a lot bigger than payments. Biyo encompasses that vision. In a more better
way obviously we can trademark it. So, that helps. So the vision with Biyo is that we
don't only do payments we become a biometric consulting network company. Yea, so our goal
is to kind of create a web of users and all theses users have palm vein profiles (Biyo)
profiles and they use these profiles anywhere. Not just at a store but at a stadium or a
gym or whatever and anybody who wants to capture a customer they would just integrate it with
our network. Then they will be able to facilitate, instead of you know right now for example
wants to get a customers feedback. They have this huge form they have to fill out Your
first Name, your last name and all that stuff no one wants to fill out that stuff. Same
thing everywhere like doctors offices and everywhere else you go you got to do the same
progress over and over again. So, hopefully we become the Facebook connect of the real
world, and thats our goal. Give that ultimate security and privacy. Hitting back again,
people come to us and say like "We'll your storing their palm vein is that secure?" Well
were not relaly storing palm veins persay what really happens is were just taking numbers
off the hand and the next time you call the data it just makes sure and it checks if its
the same numbers that are matching. Its a one way hash basically. Like if a gave you
a string of random numbers and said here make finger or a hand print out of this you wouldn't
be able to. But, you would't be able to trace it back. Its not like fingerprints and there
is no government affiliation. No government related association. So, thats that. Our new
name is Biyo were going to be releasing our Biyo Wallet application to android and ios
App store soon, within about
a month. We're
still testing out
everything make sure everythings
on lockdown. As
for realeasing locations.