In the latest episode of CoinGeek Conversations, Charles Miller meets Michael Simeon, the Co-founder and CEO of VPD Money, a company which promises to create "The Bank of You." 

"VPD" stands for "Virtual Payment Digital." Michael explains that they would have made their tagline, "The Bank of You," the name of the company but that there are regulatory restrictions on using the term "bank" in the name of a business.  

Charles explores the user experience by signing up for VPD Money during the conversation. Michael guides him through the process, highlighting the flexibility in funding options, including transfers, card transactions, and unique codes like USSD codes, popular in Africa.

One objective of VPD Money is financial inclusion, particularly in underserved regions. Michael expresses his passion for empowering communities: "we let you build your home bank." He emphasizes the challenges faced by those in remote areas where traditional banking is a challenge. VPD Money aims to bridge this gap.

Michael highlights the strategic deployment of Point of Service (POS) machines, saying, "we have partnerships with all the places where we push out POS machines". These machines facilitate easy access to financial services, especially in areas where physical banks are scarce.

When asked about the company's progress, Michael reveals, "we have over 50,000 customers," categorizing them into global customers, SMEs, and the unbanked. He touches upon the future capability of international remittances, contributing to the financial inclusion of the global community.

Charles asks about Michael's entrepreneurial journey, referencing his previous venture, VoguePay. Michael explains a difference, stating that VoguePay is a payment processing company, while VPD Money is a comprehensive digital banking experience.

Michael discusses VPD Money's future plans, including personalized savings features. He shares a concept of saving customers 20 per cent of their earnings monthly through AI-driven insights and negotiated discounts.

Having extensive experience in the crypto space, Michael reveals that he was among the pioneers introducing crypto payments in Nigeria back in 2014. He acknowledges the unexpected trend of Nigerians using crypto as a store of value against their currency.