A FEW WORDS ABOUT MY WAY IN THE CRYPTO INDUSTRY Sometimes I | Blockchain Sharks™ 🦈

A FEW WORDS ABOUT MY WAY IN THE CRYPTO INDUSTRY

Sometimes I wonder why I decided to develop a crypto business and how I ended up in it. Let’s talk about this

LONG STORY SHORT: THE DEVELOPMENT OF QR PAYMENTS AND LOOK INTO THE FUTURE

I have been involved in classical fintech since 2012. We were the first in the CIS region to create payment technologies using QR codes, and we have always seen great prospects in the development of new payment tools. At the same time, it was super obvious to me that the current financial system was really outdated.

All these attempts to connect bank cards, use international payment systems that dictate their own rules for making payments, seemed for me like utopia!

Back in 2012, when we just created the PayQR company, everyone was twiddling their thumbs and saying that we are crazy, because people in our region still didn’t have bank cards (the spread of bank cards in our region was about 40%).

I can say, it seemed certainly crazy: no Apple Pay existed at that time and no one even looked in this direction. But we have always tried to look several years ahead and anticipate trends. Therefore, I think we entered the QR payment markets, and the crypto market is absolutely on time.

THAT’S WHY WE DECIDED TO CREATE OUR OWN BANK

When I started to get interested in cryptocurrencies in 2016, I saw that this is a market of needs. Unlike the classic fintech, the "red ocean", where everyone fights for a transaction, everyone tries to make this transaction as free as possible for the client, and there are a lot of restrictions. You had to pay a commission of 25% to buy Bitcoin or any other crypto. Then I thought it was absolute madness! Moreover, all these products and tools were extremely uninteresting and didn’t function properly.

So, in 2017, we saw this market as one that will actively develop further. As a market where there are users who need a unique and easy to use bank. We wanted to create an innovative bank that would become no worse than the one users use today, only with cryptocurrencies at its core.

What was this bank supposed to be like? International, of course, with a low cost of exchange operations, purchases, sales, with acquiring, with the possibility of using bank cards to pay for cryptocurrency.

I always believed in 3 things:

1. Infrastructure.

It has always not been super important to me how much Bitcoin or Ethereum costs. Anyway, people still need to store, withdraw, exchange and buy. This is exactly what we have focused on.

2. Stablecoins

In 2017, there was a lot of disbelief in stablecoins, but for me it always seemed super logical that there would be stablecoins with all the major currencies (dollars, euros, yuan) that could be used for exchange and trading.

3. Tokenization

This crypto course is now actively developing. The ability to tokenize various types of assets, ranging from real estate to stocks, bonds, and even art.

Over the next 5 years we saw a lot of market development. The audience of the crypto market has grown 10 times. And today our company offers solutions at the international level for clients from more than 100 countries of the world.

I was very strongly influenced not by some specific people in the crypto world, but by the huge possibilities of the market itself.

When I first entered the market, it was quite empty. People basically can go into any niche. And this fact was really inspirational for me. Now, of course, it’s much easier for new companies to grow, because they can collaborate with major players.

Cryptocurrencies aren’t the future, they are already our present. New interesting markets have been built. There are some really promising products out there. I do believe in the future of cryptocurrencies as an innovative and important way to make people's lives and business solutions even more convenient, free and secure.
@BlockChainTransactions