The CEO of Jan3 explains the strategy for bitcoin adoption by States and talks about Aqua Wallet and the Dolphin Card.
On Atlas21, Samson Mow, CEO of Jan3, spoke about the strategy to bring nations to adopt bitcoin, the Aqua wallet and the Dolphin Card during the Plan ₿ Forum 2025 in Lugano.
Why did you decide to found Jan3?
“I founded Jan3 so that there would be a group focused on bringing nations to adopt Bitcoin, implement Bitcoin strategies and create Bitcoin bonds to accelerate hyperbitcoinization”.
What activities does Jan3 concretely carry out?
“Jan3 does many different activities. I would say we are best known for adoption by nation states, engagement with countries, politicians and governments. But we have also developed Aqua Wallet. It’s a Bitcoin wallet based on Liquid, which allows you to exchange between on-chain bitcoin, layer 2 and pay through the Lightning Network. But we also support USDT on the Liquid network. And it’s possible to swap from Liquid USDT to other blockchains”.
In which countries is Aqua Wallet most used?
“It’s difficult, I’m not sure at the moment, but I think our two largest countries are Argentina and Brazil”.
As a bitcoiner, don’t you think it’s contradictory to help governments adopt bitcoin?
“I think the thing people need to understand is that governments will always have money because they have power. And they will always want what is valuable. So if we look at gold as an example, it’s not that a government suddenly declared that gold was valuable, and then gold grew to a market cap of $20 trillion. People decided that gold was valuable, and then governments, of course, got gold. And I don’t think it’s reasonable for people to assume they can deny a government gold reserves back then. And it’s the same for bitcoin. They want bitcoin because it’s valuable. If suddenly tomorrow bottle caps were valuable, governments would want bottle caps too. But I think what we’re doing is teaching them more about Bitcoin, and more about the ethos and philosophy behind it and why. And I think ultimately this will have positive effects because they will understand Bitcoin at a deeper level. And they will be more favorable to passing legislation that strengthens people’s sovereignty and autonomy rather than invading them, because they themselves will have bitcoin. They will know what Bitcoin is and will appreciate Bitcoin”.
Bitcoin or stablecoins: which is used more at the moment?
“It depends on what your definition of ‘use more’ is. I would say that today bitcoin is used more as an asset than as transactional money. But we are seeing a growth of Bitcoin used as money also thanks to layer 2. Stablecoins are also widely used. Tether now has about 500 million users. And this is because people are looking for dollars they can transact with and save with since their fiat currencies are collapsing. So I would say it’s somewhat balanced at the moment. And Bitcoin obviously tends more to be an asset class because of treasury companies and ETFs at the moment. But the net feeling is that Bitcoin will win in the end because the fiat system will stop being useful at some point and everyone will only use bitcoin”.
How does the Dolphin Card work?
“The Dolphin Card is simply a prepaid Visa card. You can top it up with bitcoin, with Liquid bitcoin or Liquid USDT. And I think privacy is its most important feature. Since it supports Liquid USDT and Liquid bitcoin, it’s possible to make confidential transactions that protect your data and your balance”.
Has Jan3 already achieved concrete results in working with governments?
“I would say no, because we haven’t yet brought a country to do something significant. Even El Salvador never launched the Bitcoin bonds. But we are in negotiations with some countries to do Bitcoin bonds. So I think it’s just a matter of time. Getting a country to pass a Bitcoin law is more difficult. Actually, we have achieved something. We helped Próspera with their Bitcoin law. Próspera is a free private city in Honduras. But in terms of a large country, not yet”.
Is Jan3’s business model sustainable?
“Our business is the Aqua wallet. The nation states initiative we’re doing because we believe in the mission. Aqua recently surpassed $250 million in swap volume. And also the Dolphin Card, I think we’ve surpassed $350,000 in spending. And it was only launched a few weeks ago. So I think Jan3’s business model is quite sustainable”.
Which country is most promising in Bitcoin adoption?
“I think the United States really needs Bitcoin at this point. Their debt is growing at an exponential rate. They’ve surpassed $38 trillion in debt now. And I think this is largely why they’re looking at Bitcoin. They want to be a dominant player in the stablecoin market. And they want to have bitcoin. But on the other hand it’s a necessity for them. They need bitcoin because no one is buying their debt anymore. And stablecoin issuers are becoming the largest holders of US Treasury”.
