We’re currently a small team of 7 with several key advisors, living and working in Silicon Valley from UC Berkeley. Lastbit started off as an idea in September 2017 when Prashanth was pursuing a Masters in Computer Science at ETH Zurich in Switzerland. Having been exposed to the Bitcoin space early on in his studies, he set out to solve the problem of not being able to really use Bitcoin in the real world, without compromising on the ideals of Bitcoin. The two key problems to be tackled were the latency of Bitcoin transactions and the deliverance of fiat to the merchant, all to be done in real time. At this point, we have a fully functioning MVP that solves exactly these two problems.