Hi everybody! Yesterday I listened on Russian radio an interview of CEO Bonpay - Alex Blazhevych.
Since russian is my native language, I will briefly describe the information in interview. There is several news.
So.. Alex Blazhevych said that the idea to create a cryptobank came to him in mid-2016. He saw that the obvious obstacle for crypto-currency is this lack of convenient exchange services. Services that already existed and exist today is lacking friendly interfaces for convenient and understandable use. And I absolutely agree with him. He says that the project's task is to make in the shortest possible time the most convenientable and comfortable way of exchanging cryptocurrency and fiat money in any place in the world . And also make a means of payment from any cryptocurrency but not just bitcoin. Yes, I like Bonpay becose it will turn the cryptocurrencies into money in the form as Adam Smith taught it.
Today, the Bonpay team employs 15 people and they continues to recruit staff in different countries.
Already today there is a working web-version of the platform. By the way it is multiplatform system: BTC, ETH, LTC, DASH and a large set of tokens. In the near future after the end of the ICO there will be an iOS and Android version of the wallet platform. I'm sure it's a growth point, and it's very close to our joy according to the roadmap.
Alex Blazhevych worked as a development director of a large crypto-exchanger, which according to whois-request was registered in 2013. He has good experience for the project manager: processing, securing transactions, issuing payment cards, automatic crypto-transactions on smart-contracts. He knows all the nuances of legislation and the functioning of payment systems from within this business. In short, he is a real practitioner. He closely cooperates with his partners with international companies JustForex and RegularPay.
Also Alex Blazhevych spoke about the important role of the blockchain in Bonpay. Blockchain guarantees the transparency of any transaction and will allow monitoring payments execution.
The coolest idea that Bonpay wants to implement is DLN. A decentralized liquidity network will make processing absolutely free as air. And this is another point of growth, the potential of which is impossible to predict in advance. Free processing is a terrible dream VISA and Master Card. And this is what Buterin predicts will happen in a future. DLN launch in roadmap is specified in 2019. Remember these words if it happens it will be a revolution in calculations.
Alex Blazhevych was asked what he considers the main obstacle of a roadmap. He said that payments in crypto-currencies are legal so far only in the territory of the European Union. But he is sure that the expansion of the territory of payments is a matter of time.
Attention! Now the important news is that the tokens will not be burnt. 51% of all tokens are fully shared between ICO participants in proportion to the investments of each participant. 49% will remain undistributed. Of these, 34% will remain for the development of Bonpay.
The next coolest idea for investors is certainly a reward for the holders of the tokens - 0.65% of the total volume of all payments made by Bonpay cards. We already remember that well.
Alex Blazhevych announced that the market for all electronic payments in 2015 amounted to 386 billion dollars and 472 billion in 2016. And this market is at the beginning of its growth. Hearing these numbers, I dreamily pondered the prospects for Bonpay.
But it's certainly not just my dreams. Already, Bonpay is considering five variants of jurisdictions for obtaining a banking license. According to Alex Blazhevych this is the nearest perspective.
One more important information! At the end of the ICO, the tokens will be traded on four exchanges at once. In addition, there are negotiations with six more stock exchanges.
That such a rich interview turned out.
