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... welcome back in the wake of Apple's new announcement in a newly announced a mobile while lets make ... bitcoin to hashing out what it needs a little cryptocurrency at our Michael Casey has a piece of advice for them ... the devices ... think bigger ... he joins us right now Mr Casey hell are you lying very well I explain why ... Apple is not the Why Apple the while the new product and why that is not the major problem for pick one ... the play on the one who looks like this is the competing mobile payments product why is that not annuity ADP it isn't on that level problem if you go to focus entirely on the consumer to think in time lead at the retail side of what bitcoin brings ... to the has been way too much the focus of this book because I love that it's a ... very popular idea we talk of an alternative ... to the people said to be excited that it turns out that many consumers really are using is now being adopted ... I'm ... the real focus and it is in what has technology Duster Jews costs the financial system more broadly ... and they're folded seems to me that the the most ... effective way to to to make a compelling case the value proposition of the decor and that any other cryptocurrencies Whipple is another one is reached in this regard ... I'm ... is to get in the business is getting governments to talk to lots of tissues and say look this is a huge day ... in case of say a warm up to three and fifty billion dollars in global transactions everywhere ... tens of billions of dollars off you'll ... be a transaction cost every year ... and what that is above one c giving it an immediate need these big plans to start to use this he had met with depression that ... figure at the consumer and and Mrs later on ... this to me is that the way but this is this something you wrote a column for our MoneyBeat blogged last week I did a lot traffic that's my line heavy on the top ... rate ... without going too far into the rabbit hole Mr case for ... why exactly is this is a sublime to the ... one that uses into savings onto a wall more ... well that is the team that basically every time and money saved to clear the season you will one thing at a country that has international supplies ... are you going through a lot of intermediaries to doing the banks Hill foreign exchange services you've got these messages Swifts with the Brotherhood is that ... there are I whole range of Playa is ... that they're making sure the money gets from pay to be ... aam ... what effectively happens with the quarter with ripple which is a system of gateways is that you ... you do this without either is building a mean there is there are some costs than it was custom built into the system ... but that's significantly law ... degree when you talk events leading up to use some of the developing countries that will ... cut the lock warm I'll be using ... but the key to release I have alot to now ... this is looking into Ventas of the savings perhaps on credit cards but sometimes incentive ... money transmission and to buy that too ... but across the well which will contain this is even more ... as I know it's a lot of um no mean companies say will accept bitcoin as payment ... Dell to Steve ... I is an indication that some these companies are starting to look at this pic really hate giving good reason to stop the Gestapo costs is that this is something of a of the leader in this area and very much driven by as someone ideological proper accept that when the CEOs of big time believe that in some of the ... philosophy behind bitcoin ... and he's talking about using ... his clout not quite as big as Wal-Mart than I was quite significant cost hundreds of different countries ... to to create Moto quit supplies are actually told you but it's that the court must ... as awaited bill reduced time the system and in sexy serving card supplies to use as