Ladies and gentlemen, welcome to the Quickbit audiocast for teleconference Q3 2021. For the first part of this call, all participants will be in a listen-only mode, and afterwards there'll be a question and answer session. Today, I'm pleased to present CEO Hammad. Please begin your meeting. Thank you, Maz, and good morning, everyone, and welcome to Quickbit earnings call third quarter 2021/2022. On today's call, we have our CFO, Simon Afeworki, and myself, Hammad Abuiseifan, CEO of Quickbit. Earlier today, we published our third quarter interim report spanning from January to March 2022. During today's call, we will walk you through the key highlights of the quarter, our products, as well as our financials. We will wrap up by looking ahead and explain our focus in the coming months and finish with a Q&A session. Before I start, I'd like to take a moment to comment on our press release we published this morning stating that Simon has decided to leave Quickbit. Simon has been instrumental in the evolution of Quickbit and a great leader and asset in our management team, and I would like to publicly wish Simon the best of luck in his future endeavors. I'd also like to welcome our newly appointed Interim CFO, Susanne Andersson, who will be joining Quickbit. Susanne has a lot of experience from listed companies as well as international experience from larger tech companies, where she has worked as both CFO and with investor relations. Susanne will be a great fit for Quickbit's journey ahead, and she will be joining the group management team. With those introductory words, I'd like to start. Next slide, please. We're now looking at the Q3 highlights. The revenue in the third quarter amounted to EUR 92.1 million, which is in line with the revenue for the same period last year. For the second time in the last two years, we're seeing global events affecting the economy. However, throughout this, we are still displaying strong and solid figures, which bring confidence to our business model. Our gross margin came in slightly above the Q2 numbers and reached 4%, which is in line with the current target we have for our affiliate business. This is a result of our continuous focus to lower our dependency of external partners, while we're also seeing changes in our business mix. We continue to keep a high pace in the company with high productivity and focus on our product releases. In the third quarter, we pre-launched our Quickbit Card. We released our Euro account in Norway, as well as made four new cryptocurrencies available, in which one of them is a stablecoin. This is essentially broadening our offering and creating significantly more value to our customers. During the quarter, we also got our registration in Finland approved, meaning that we are now preparing for a further expansion in the Nordics. We had expected our license to be approved earlier. However, the last mile isn't essentially ours to manage, but now we are fully preparing to make use of it. Besides this, we're also expanding our organization internationally with employees in Serbia and expanding our existing presence in Gibraltar. This clearly marks our international ambitions and how we have matured as a company, having better internal processes and being quicker from idea into execution and revenue. In Serbia, we have started our tech hub, which will help us to scale up our product development and speed up our time to market with new interesting products and features evolving. To widen the competence at a faster pace, our offices, to quicker help our new employees to adopt to our company culture, we have also established a rotation program. We see all of this as important steps and milestones in Quickbit's ambition to have a broad and attractive offering of crypto products for both businesses and consumers to use in their day-to-day lives. Next slide, please. We're now looking at Quickbit Affiliate. In the third quarter, our average daily volume came in at EUR 1 million, which is a result of our merchants activity and demand with a gross margin at 4%. The past year, we're focused on increasing our number of merchants in our affiliate platform, which comes in at 74. However, during this quarter, as we're approaching a launch of Quickbit Merchant, which is our plug-and-play solution for e-commerce, we have shifted our focus a bit, and we're now actively working on migrating current merchants from our affiliate platform into our merchant solution, and we are seeing a genuine interest in this. As we mentioned last quarter, as we broaden our product base, we will also see that our gross margin will increase significantly in the future as Quickbit app, Quickbit Card, and our merchant platform, and the features surrounding them will generate a higher gross profit. It's important to note that these segments differ in how their income is reported, which means we are expecting a gross margin above 50% in the future instead of the 3%-6% that we have seen for Quickbit Affiliate. Next slide, please. We're now looking at the Quickbit app. During the quarter, we have managed to release several new features to our app, besides preparing for multiple other product releases. Our new features to the Quickbit app include the addition of three new cryptocurrencies, which are Cardano, Chainlink, and Polkadot, as well as the addition of a stablecoin. With the launch of the stablecoin Tether, we're now offering the opportunity to enter the crypto market with less volatile exposure. We see use cases for beginners who want to start up with crypto but are hesitant due to the risk, and we also see stablecoin as a resting place in times of higher volatility. Releasing the popular currencies Polkadot, Cardano, and Chainlink are important in relation to our upcoming release of our first earn product, which is the Earn Wallet. Both Tether and Polkadot offer significantly higher returns than Bitcoin with our partners, and we're looking to create a versatile and strong earn offering with these currencies over time. In April, we also added a tax return feature to the app, and this is a small feature which adds value to our consumers and enables them to save both time and money during their tax return process every year. I would also like to highlight, in regards to all the development we're doing, that I strongly believe that we are currently having one of the broadest crypto offerings in the Nordic region, both for our B2B clients as well as B2C. We are planning to keep up our pace, both in terms of evolvement of our ecosystem, product development, as well as entering new geographies and making sure that we take advantage of that. Next slide, please. On this next slide, we're now looking at our newly released Quickbit Card. As I talked last quarter, we were focusing on launching Quickbit Card at the end of the third quarter. At the end of March, we launched Quickbit Card to a limited group of people for evaluation. Last week, we launched the card to the public in Sweden, and we've seen quite a big interest for the card already. We are very proud of Quickbit Card and have put in significant amount of work to make this happen. It has made us the first Swedish crypto company to launch a debit card in Sweden, which once again puts us in a good position for further expansions. Part of our vision is to make crypto useful, so it's important for us to provide solutions that work across borders for crypto and fiat. Quickbit Card contributes to the crypto infrastructure with tools that we use in our everyday life, and Quickbit Card is a great way to quickly convert a long-term cryptocurrency position into an instant payment for goods and services. It essentially makes crypto spendable within seconds, and users can convert their crypto to euro and withdraw it from ATM or use it to pay in store with no fees associated with the card. We see our card as an important strategic platform as we are looking to expand our offering in this space and bridging the gap between cryptocurrencies and regular spending. Next step in regards to Quickbit Card is to launch it with Quickbit app on current and upcoming new geographical markets and to expand our international offering. We're also planning to add several new functions and features that stimulates and make the card more attractive to use for consumers, and users will see this as we continue releasing new updates on our Quickbit app platform. Next slide, please. This slide is a slide that I've shown before and that displays our product portfolio and how we consider it to make an ecosystem. It is a fundamental part of our business and vision and how we see our products align to accommodate a need and space in the economy. Just to give you a short recap, to the left, we have the Quickbit Affiliate, which offers a simple card-to-crypto solution to e-merchants, so they can offer their consumers to buy and pay in crypto at checkout. In addition to being a solid platform with profitable business, this is a part of our, this part of our business will act as a customer acquisition engine to our consumer platform. In the center, we have our Quickbit app and card that manifest our ambition in the consumer segment. To the right, we have the Quickbit Merchant, which is our upcoming crypto-to-crypto e-merchant solution. As this ecosystem evolves, we will see that we have the opportunity to claim a larger share of our users' finances. With the release of Tether, with the release of the Quickbit Card and the upcoming launches of Quickbit Merchants and Earn Wallet, we are offering our users to spend, transact, save, and stay in our crypto ecosystem. By doing so, Quickbit can monetize both transactional and non-transactional users. As Quickbit's ecosystem offers natural attractive features and functionalities for merchants, we want to offer different solutions to different merchants. That is why we're also exploring products related to payments, checkouts, and OTC exchange services for our future B2B clients. With that, I would like to hand over to Simon to go through our financials. Next slide, please. Thanks, Hammad. Good morning, or actually not good morning. Good day to everyone listening in. Now we'll together, and for me, the last time, go through the financials for the quarter. To those who have joined us on these calls before, you will recognize that we go through our financials in the following sequence. On the first slide, we focus on the top part of our P&L. On the next slide, we'll look at the bottom half of our P&L, meaning our costs. Lastly, on the third slide, we'll cover our financial position, but this time also our profitability, meaning our adjusted EBITDA. I'll go through later why we choose to do so in this specific quarter. As usual, on the left-hand side, we see our revenue development over the last few quarters. Revenue in Q3 amounted to EUR 92 million, largely unchanged year on year, and in light of, as mentioned by Hammad, increased macroeconomic uncertainty, we think we are displaying a strong quarter, especially if you also look at our gross margin. A few quarters ago, we set a 4% gross margin target for Quickbit Affiliate as a financial target. We are happy to, in this quarter, display a gross margin that shows we have achieved that target. The efforts, however, to increase gross margin does not end here. We will continue optimizing our mix of transaction volume or our business mix and be opportunistic in areas where we can, for example, in our relationships with acquiring banks to gradually increase gross margin above and beyond 4% for a Quickbit Affiliate, I might add. Similar to last time, I want to spend a few words on ADV. I think it has been helpful in our dialogues with the market and our investors to sort of get a sense of our momentum. ADV stands for average daily volume. Last time we mentioned the ADV was subdued in early Q2, but increased towards the end of that quarter, meaning October, December. During Q3, it has been characterized by a largely flat development between the months January, February and March in Q3. As mentioned before, we will from time to time give you flavors of this kind when we think it is helpful for the market to get a sense of or measure our momentum. Next slide, please. I'm now on slide eight, and we are going to look at two graphs that collectively summarize what we in previous quarters have communicated about our cost base and what is driving it and the dynamics in it. First, we see our adjusted operating expenses to the left, which consist of the cost items that get us to adjusted EBITDA. We'll talk more about adjusted EBITDA on the next slide. We use adjusted OpEx internally to measure and monitor the underlying cost development. In Q3, it amounts to EUR 2.6 million, down from the last three quarters level of EUR 3.2 million. It is not lower because of incidental reasons. I'll go into that in a minute when we look at the graph to the right. As we've said before, and even more so now with the surrounding uncertainty, we'll keep the total cost base relatively stable, or slightly above Q3's level. Still, the lower cost development we see on the left-hand graph does not fully break out what is happening between different cost components in our adjusted operating expenses. As some of you will recall, that we or I have talked about what we categorize as reducible costs in previous quarters. For example, we have increased costs and investments, for example, to expand geographically. Our compliance team is doing an amazing work there to get licenses in the amazing pace that our product team wants to launch new features and new geographies. I mentioned that the lower cost base in Q3 is not incidental. What we're trying to convey by that is that it is lower as a direct result of the year-long work we have put in to establish stronger and more sound relationships with both acquiring banks and commercial banks. During Q1, we communicated that we've established own relationships with two new acquiring partners. This is from July to September, I'm sorry. Which we had established new relationships with two new acquiring partners, which was an important step to reduce variable or again, what we call reducible costs. In Q2's earnings call after that, we said that we expect to see the full positive effect of those relationships on our cost base in the next quarters. Now in Q3, for the first quarter ever, we have essentially paid nothing in introducer fees and banking costs. To put that zero figure in context, two-three quarters ago, we paid SEK 0.8 million for those two cost items, or around 30% of our cost base. It really shines a light on the one hand, the focus that Hammad has tasked us with, but also the beautiful work that our operations team, our legal team, and our finance team have put in in the last 12 months. Lastly, on the right, we are displaying the same graph as on the left, but broken up in volume-based cost and non-volume based cost. I've already sort of talked about this, but I'll try to shine a little bit more light on it. We are seeing an increasing trend in costs we consider investments. Those are shown in black on to the right, and we are showing a lowering cost trend in variable costs, shown in purple, where Quickbit has decreased its concentration risk towards mainly acquiring banks. As mentioned before, we are also lowering the share of consultants by instead hiring staff, which our entire HR team has been instrumental in ensuring by working proactively in staffing and attracting the talent that we need. Next slide, please. We'll talk briefly, as I mentioned, about profitability. In Q1, we introduced adjusted EBITDA as an APM, or as an alternative performance measure. Since Q1, you can find more information on that APM and read more about it on page 16 and 17 in our quarterly report. We consider it to be a healthy and sober indicator of our earnings on a like for like and comparable basis. We think it's fitting to talk a little bit about our profitability in times like these when global geopolitical and macroeconomic uncertainty is mounting around us. Also because we've now been sort of through a decade of where risk capital or equity has been subsidizing growth. In times like that, as the graph to the left shows, we are displaying a sound business model reflected in the fact that we have either a net zero or slightly positive adjusted EBITDA, which gives us a comfort as we now go through a potentially higher uncertainty around us. On the right-hand side, we look at our cash position, which amounts to EUR 9.2 million at the end of Q3, down from EUR 11.5 million a year ago, essentially unchanged from a quarter ago. It should be noted that we in the third quarter made a cash payment for corporate tax in Gibraltar, where our Quickbit Affiliate product is located concerning the previous fiscal year, meaning the fiscal year that was 2020 and 2021. I think if you add what I just said and look at that bar, what we essentially can display is in times, again, where we have higher economic uncertainty, we are displaying an underlying net positive or net zero free cash flow if you exclude net working capital, if you exclude one-off items, and if you sort of don't take into account that we in a single quarter pay tax for a full fiscal year. That is a tremendous strength for a company that is scaling and growing its operations in what seems to be tougher times around us. In closing, I'd like to mention a few things. We are exploring to publish our fourth quarter report, which is April until June, earlier than our financial calendar suggests. Our financial calendar suggests that we are going to publish our fourth quarter earnings on August 10 or 11. We are exploring to publish it before that, and we are in dialogue with stakeholders such as our auditors and ultimately it will be the board's decision whether we do so or not. I just want to spend a minute to explain why we are exploring this effort. One, it's because we want to stress test our processes to see to what extent our processes and operations have matured, mainly in my team and the finance team. We also wanna prove internally to ourselves that we have the capacity to release our reports much earlier than we do, or in other words, release them as fast as the largest companies on Nasdaq. We will get back to the market and our investors whether or not we choose to do so, and we will get back to the market in time if we choose to do so. It will be a testament to the maturity and robustness of our operations, of our processes, of our competence in our teams, and the controls of and the quality in our figures. With that, I will hand over to Hammad for some remarks on what's ahead of us before we head into a Q&A as usual. Next slide, please. Thank you, Simon. Before we go into Q&A, we normally close the quarterly presentation by providing a sense and a flavor of what's ahead of us, and I'll take a minute to do so. In the aspect of rollout of features in the app, we are constantly working on new features that will enhance the customer experience for our users, and we envision to create the best customer experience possible in our products. Regarding new launches, we're planning to release our Earn Wallet feature with support of Bitcoin, as well as our Quickbit Merchant platform in the fourth quarter. Both Earn Wallet and our newly released Quickbit Card are feature platforms with their own roadmaps, where we see a lot of exciting things coming up that we are eager to show you as we continue and go forward. For Quickbit Merchant, we're continuously having dialogues with different e-merchants, both existing ones to migrate from Quickbit Affiliate to Quickbit Merchant and completely new merchants in new segments from different sectors in different sizes. This is a genuine interest that we're seeing, and that makes us very excited for the launch. Looking at new markets, we have received the approval for our license in Finland, and we're now preparing for a launch. We will also release the Quickbit Card in Norway, where we have already released the app to complement our Norwegian consumer offerings. In the Netherlands, we're in the final stage of preparations and gearing up their organization to be ready for an upcoming launch. We're also looking at making early preparations to enter additional countries in the European Union. As a final note, before we enter the Q&A session, I would like to publicly thank our whole team that are constantly showing innovation and agility in everything we do. As a group in Quickbit, we are well equipped with the right people and mindset to continue evolving and growing Quickbit into the future. With that, I would like to open up for some questions. Thank you. If you do wish to ask a question, please press zero one on your telephone keypad. If you wish to withdraw your question, you may do so by pressing zero two to cancel. We have a question from the line of Hjalmar Jernström from Erik Penser Bank. Please go ahead. Good morning, Hammad and Simon. Thanks for taking my question. My first question is regarding the Quickbit Card. I know it's still early days, but regarding the launch in Sweden, can you give us some comment on how the evaluation and the launch has been received so far, perhaps in terms of user reviews or growth, please? Sure. Thank you, Hjalmar. I mean, initially, we conducted a pre-launch, and that pre-launch actually got oversubscribed. We had to increase the number of applicants, and we saw quite a big interest. The feedback when it comes to the card in general has been very good for our team, both in terms of customer experience and the ease of use. Obviously, we're taking a lot of that additional feedback to continue in evolving the card into to new capabilities and features and make it available in various digital wallets going forward. It's been very good feedback for us. Thank you. You also mentioned the strong interest in the merchant solution. I was wondering, could you perhaps provide some nuance on this? Will the growth mainly come then from the conversion of current customers or will the growth come via adding new customers? Well, we're trying to give an indication and a flavor of this. Obviously, as we've been showing in various reports, there's opportunities to further monetize the business by transforming them into the merchant. That itself will add to certain part of the growth. We see a lot of the opportunities in new segments and new merchants, so it's not going to be primarily driven by the existing customer base. The existing customer base, as we see it, is a great asset, and that's why we're focusing on it as a first step. All right. Thank you very much for addressing my questions. While we close out the Erik Penser, I think, and move on to more public questions, I think it's fitting here to mention that, tomorrow with Hjalmar, we will host or you will host an event that we have been invited to, a crypto theme event where, more interesting voices than myself and Hamad, will present from Quickbit side. We are obviously hoping that it turns out to be a good event, and we look forward to having people listening in and talk maybe less financials and more operational segment space and products. We look forward to that. Yes, of course. Looking forward to having you here. Just as a final reminder, if you do wish to ask a question, please press zero one on your telephone keypad now. Will. Oh, there is a question on the line. I think we'll go over to the digital questions. Okay. We'll do this as we have done previously. Some of the questions are sent in Swedish, some of them are in English. Those that are in Swedish, I'll translate them so everyone can hear them, and then we'll answer them one by one. A question here from Jacob, who says: What countries are you planning to launch in or expand to after the Netherlands? As I mentioned, we're opening up for other countries and we will communicate that as we go. We have quite high ambitions to expand within the European Union. Jimmy here is asking, why do you not communicate that the license for Finland has been approved to the market before the Q3 report? I would say it's all shareholders' right to know when a license is approved or not. I'll try to take a stab at that, and then, Hammad, you can fill in. Well, if we turn back the time a little bit, when we first started communicating that we will license by license enter into new markets, we have done so many times, both myself and Hammad have communicated it. Johan Björklund, who's our compliance and legal chief, has done the same. We said that this is part of our ordinary work, and it's work that is continuous in mainly his organization, and we see it as part of our day-to-day work. We do give you flavors on not only if a license has been approved or not in our Q reports, but we also give you flavors of whether we are in a process or not. We have to think hard and twice of whether or not we wanna put ourselves in a corner of updating the market every time something new happens to a license or not. That one can disagree sort of with our stance in that question, but what we have decided to do is, at the time of our quarterly releases, we'll give you updates not only on approved or not approved licenses, but also on the development of the actual ongoing applications. Jakob is also asking, why has the number of merchants or affiliates stagnated, Q- to- Q? Meaning from the last quarter. Yeah. We've been focusing on our new and upcoming merchant platform and onboarding merchants to that platform. We are seeing great interest, and we're working on onboarding existing merchants as well as new merchants to the platform. Our view is still that this segment is unsaturated and that we will be able to re-engage and grow that number of affiliates as we go. The focus has been to start migrating them into the merchant platform. I think also some other people, for example, Lars also asked the same question. I hope they feel that we have covered that, or Lars and Kalle also feel like we have answered that question that they asked. Here is a question from Sebastian, with a partly longer reasoning. When merchant is released, will the revenue from Quickbit Affiliate decrease? Is there a risk that you will have a few rough quarters, meaning large negative cash flow while transitioning your customers to merchant? The goal of 50% gross margin, is that with the Affiliate revenue included? I'll stop there. There are a few more questions on that same post, but I'll stop there and let you answer, Hammad. Yeah. Let me elaborate on that. I think the previous presentation we had, we tried to indicate that how we look at the future. The merchant will primarily drive bottom line impact, meaning that our profitability will increase. It's net revenue in that sense. We also stated that we don't envision or see this affecting our top line growth. The affiliate product will stand on its own legs, and we don't see it cannibalizing. Instead, we're seeing enablement of additional revenue streams as we will be able to monetize the consumers to a wider extent. Let me see if there are any questions we haven't answered. Marcus here is asking, when Quickbit Merchant is launched, will you present what companies that will use Quickbit's solutions? I think still it's early days, and we will evolve the way we communicate as we grow. As we see growth fitting into the merchant segment, we'll start reporting and communicating that in a different way. I don't see any company, and I don't see Quickbit revealing which businesses we have onboarded, but more related to the numbers and the value of them. Lars here is asking, are there any plans or thoughts on acquiring a neobank to be able to offer traditional banking services as well as trading with crypto or buying and sell crypto through what we in Sweden call ISK accounts or [foreign languag? I mean, we would obviously not comment on any question regulatory-related to M&A and evolution into that. We have a strong partnership with DEGIRO, which is a great partner enabling us to conduct and complement Quickbit and Quickbit business towards consumer in a good way. I think that relationship works very fine, and you'll see new capabilities introduced both in terms of fiat and card, which is a token of good collaboration with DEGIRO. A question here is asked about our newly released feature, stating the declaration help, meaning the ability to report your earnings in the app, have helped much for the user is very user-friendly. Are there any plans to update this process to cut out having to use a third-party solution? Yeah, I mean, first of all, we try to keep a very intimate dialogue with our consumers, and we appreciate that feedback. Yeah. I think we mentioned that every feature that we release will continue evolving, creating and enabling a better customer experience for our customers. I wouldn't be able to comment exactly how the tax return capability will look like going forward, but I can commit to the fact that we will continue evolving it and making it more ease of use. Bear in mind that we're looking at broad launches throughout the European Union. We're looking at feature sets that really enables customers to have a good customer experience between the different countries. Henrik here is asking, are countries who have approved Bitcoin as a payment method interesting for Quickbit to open up operations in or launch in? Yes. There's a few countries in South and Latin America that has started this journey. We are primarily looking at growing our business from, I would say, European Union and growing that. There's many companies and businesses today that are enabling or want to enable the Bitcoin or cryptocurrencies as a payment method. Those are the ones that we're primarily looking at. There's obviously interest to grow beyond that, but that's nothing we are directly engaged in today. Both Karin, Micke, and Tommy are asking questions in relation to the company valuation and the share price and the development of share price. We rarely comment on the share price. But I think now is sort of a time where we can give a sort of a longer, not a longer, but a more expansive reasoning on our view on it and what everyone should maybe take away from it and to sort of establish a ground or common view on it. I think one, there is some uncertainty in the market, and we're seeing some rotation between what people sloppily, in a sloppy fashion, categorize as growth stocks and value stocks and so on. After all is said and done, a company's share price or stock price is sort of decided by the supply and demand for a stock. That supply and demand can sort of be affected by a number of things, the financial development of a company, the macro outlook, changes in legal risk or reputational risk and so on. Aside from that, essentially the supply of a company's stock is largely decided by largest shareholders in a company. That is why large shareholders many times when to not flood the market with a too large or too high supply of shares, sell shares off market when they need to divest. In the case they don't, all else equal, it would put downward pressure on a share price. I encourage everyone that are wondering about the company valuation and share price in Quickbit. I encourage everyone, as one should do in all cases, all things related to investments, to pull up the top ten shareholder list that we publish every month. It's now on our website for thirtieth of April, and compare it to the top ten shareholder list nine, ten, eleven, twelve months ago and see if we have large changes or large decreases from large shareholders and whether or not they have sold them off market or not. I think in that comparison, one will find part of the reason why a company valuation might look like it does or it might develop as it does. Now, obviously, ultimately, it's Hammad, myself, the entire management team, and the board that is responsible for the company valuation. We take full responsibility if the share price hasn't developed in the way that investors require. I think there are many factors playing in here, and so I encourage everyone to do that kind of quick study. I believe we have a question on the line. Yeah. Yeah. We have a question from the line of Michael Kariuki, who's a private investor. Please go ahead. Hello. Yeah. Hey. Good. I think on a meeting, you stop. All right. There are a number of questions there in Swedish. We'll try to categorize them in English, and then we'll take them one by one. We'll start with sort of the product-related questions and the operational-related questions. I'll talk a little bit about support, and then you can talk about Earn Wallet, marketing, and so on. Then I will jump into the first question, which was why I've decided to leave Quickbit. On support, as you noticed, I highlighted the tremendous amount of work, but not only the amount, but also the quality of the work that a number of our teams have done, not only the last quarter but the last year. Obviously, it is our firm view that our customer support holds the same high standard when it comes to providing support to our customers. That is our view. Obviously, we will always have room for improvements, but I think our work with customer support, led by Ola, keeps a very high standard. That's our. That's the feedback that we are getting from customers. Would you want to, Hammad, dive into some of the other questions, and then I'll. Yeah. No, I mean, I think it's good questions related to the Earn Wallet, our first Earn product. As a starting point, this product will be released with Bitcoin or BTC capabilities, which essentially means that you use your crypto as collateral, keeping your, let's say, exposure to crypto. But in addition to that, you'll be gaining yield based on the type of crypto that you're using. In short, yes, you'll be able to earn a yield based on your Bitcoin or other cryptocurrencies in the future. I think the last question is more related to yourself, Simon, but I would like to shed some light in addition to that. I mean, we try to paint the picture and show what we've been doing the past three months, growing our business, growing our organization, not only in Sweden, but also geographically. I mean, it's really a token of maturity. We are maturing in everything we're doing and creating speed and agility, in addition to that, as well as releasing new platforms and products, and we do that in parallel. I think, from that perspective, in relation to that, we will continue growing our organization where we see is required and needed. Maybe some words about yourself, Simon, I think. Yes. We'll try to focus here on the report and the results, but I'll answer the question as it arose regarding why I'm moving on from Quickbit. I think sort of building and evolving companies, at least in my view, is something you do in as a relay. You run your course, you do your best. You sort of aim to get 10 things done. You get 8 of them done, 2 of them you fail. That is sort of the reality of being in a scale-up. When I joined Quickbit, I set out to do a number of things, and most of them I'm happy and proud to have accomplished, and some of them I haven't. There comes a time when it's time for someone else to set an agenda as a CFO and as part of a management team. I come to the realization that it's given what we have done the last two and a half years, it's time for a new CFO to set the agenda and formulate a longer vision of where he or she wants to drive the finance team and the investor relations and the company operations as part of a management team as well. While the question is actually on the table, I do wanna say, as we wrote in our press release, that it's been a singular privilege to work at Quickbit, and that is a direct result of the colleagues and the teams that we have there in our offices spread out and sometimes digitally. Even though we tend to work 24/7 and 365 days a year, it really doesn't feel like you are going to a job or going to work. I've enjoyed every single day of it, even the tougher days. With that said, I also thank sort of the relation that we have had between shareholders and markets and myself. We'll move on to the rest of the questions. Henrik here is asking on cashback about Quickbit Card, any plans for that or any form of cashback? I think stating that our card is a platform evolving and the relationship we're having with DEGIRO, and we've also mentioned the Earn Wallet. There's several components to create a valuable proposition towards the consumer market. Obviously, we'll make sure that all our customers get equipped as we start releasing those future features related to card and usage of card. I can guarantee that we will continue evolving our offering to the market. Malin is asking, you are starting a tech hub or developer hub in Belgrade. Will you also hire a product owner there, or will they be involved in projects managed by Stockholm? Yeah. I think we mentioned the tech hub in relation to engineering, and that's where we primarily will grow, but also other parts of the organization. From a product perspective, those are centered to Sweden, Gibraltar as of now, depending on which part of the products we're talking about. Serbia is more our tech extension of Sweden. Adnan, Micke and Tommy and Per are all asking sort of plans on listing the company stock on a regulated stock exchange, and they're referring to Stockholmsbörsen, which is sloppily called Nasdaq. As we mentioned before, I think sort of we need to sort of establish a common ground on that question because it comes up, and I understand that it comes up, and I think we might need to heighten sort of the quality of our answer in that question. The company had previously, a while back, when it was governed by a different set of board members, announced that it had made plans to move the company stock to a Nordic Growth Market regulated stock exchange. I think it's called NGM Equity. Soon after that, the new board members were elected. Those board members are not only extremely professional, but they're also largely independent to the larger shareholders in the company. Obviously, they will have to make a review and a reconsideration of whether the company's stock should be listed on a regulated stock exchange, but also which one. At that time, the board, which is led by Mikael Karlsson, announced that the company still has the ambition and is still working towards moving the company stock to a regulated stock exchange, but that we had paused or aborted the work that was ongoing to move to Nordic Growth Market equity. What that means is essentially that we are still working on getting into shape where we can move the company's stock to a regulated stock exchange. When that will happen, which market that will be, will ultimately be up to the board. I think we have sort of suggested that we are specifically looking at Stockholmsbörsen. A lot of the work that we are doing in that towards those efforts are not necessarily shown here. We are creating documents, we are creating governing structures and so on to make sure that we are in the right shape when that time comes. I also, before I close my remarks, mentioned that we are looking at publishing our reports, our Q4 report earlier than we had suggested. One has to sort of take that as one of the many efforts in making sure we are in the shape that we need to be to move to a regulated stock exchange. Peter and a few other people are asking about the rolling reserve, highlighting the fact that it's on the same level as previous quarter, however, down from a year ago. What is the plan regarding the rolling reserve, which at the end of the third quarter amounted to EUR 3.9 million? Is there a risk that these will not be returned to Quickbit or redeemed to Quickbit? As we have said before as well, regarding rolling reserves, we feel fully confident that the rolling reserves of EUR 3.9 million will, in its entirety, be redeemed or returned to Quickbit. It is again, a receivable that Quickbit has on its balance sheet, and we consider it to be a receivable, one that in full will be returned to Quickbit. We will continue sort of giving updates on it. We have suggested before that we have hinted before or suggested before that we feel confident that it will return to Quickbit before the end of this fiscal year, which is June 30, 2022. Jörgen here is asking. What about incorporating features to be able to use the Quickbit Card and app as a normal debit card, in order to compete with the companies that provide these common features but also have added crypto features now as well? Is it possible to provide any comment on that topic if that is anything you're investigating or have as possibility in your product roadmap ahead? I'll hand over to you, Hammad, but I think just to set the scene here, I think what Jörgen is asking about is making sure that one, the cryptocurrency of your choice can be debited from your Quickbit Card. At the moment, it's the euro account that's tied to Quickbit Card. With that note, I'll hand over to you, Hammad. You get to sort of expand your view on it. Yeah. Once again, referring back to Quickbit Card being based on a platform thinking with Evolution and its own roadmap ahead of it, we are developing the capability to be able to choose which currency to actually select from. That's a part of the evolution of the card. We felt and thought based on the input we got that the first and best step is to start with the euro account and then evolve that from that as a base. We'll continue evolving and developing it and you will see it coming out. I think with that, we conclude the presentation for the third quarter. Once again, I would like to officially thank Simon for his contribution in evolving Quickbit to what it is today. I think you've heard how well we have matured as an organization, not only from the financial perspective, being able to report earlier and also showing maturity and speed in everything we're doing. To everybody out there, thank you very much. Thank you for listening. Thank you, Simon. Thank you all. Thank you, Hammad. This concludes.