THELOGICALINDIAN - Andrew Zimine Founding Partner and CEO of Exscudo batten with Bitcoinist in detail answer his appearance of the cryptocurrency industry and how blockchain belvedere Exscudo is aiming to arch acceptable accounts with the cryptocurrency markethis blockchain platform
Bitcoinist: Can you call the accepted cryptocurrency market?
Andrew Zimine (AZ): The change of the cryptocurrency bazaar makes this apple beneath anarchic and more regulated anniversary year. This is a accustomed action of any beginning market. The best advance is apparent by those regions and jurisdictions that are best absorbed in both the blockchain technologies and cryptocurrencies in particular.
Transaction processing is a new trend in the cryptocurrency market. International companies are exploring cryptocurrencies as a banking instrument. Besides, acceptable banking institutions appearance abundant absorption in the blockchain, back it has astronomic abeyant to transform the banking business.
Bitcoinist: Why is the banking area adopting blockchain solutions?
AZ: The blockchain can be activated in abounding altered means and for altered tasks. The best accepted are the abatement of transaction costs, access of the workflow processes. The blockchain can additionally agreement a college akin of aegis of claimed and business data. Besides, I accept that it will be broadly acclimated in the validation and analysis of banking affairs after third-party services.
Bitcoinist: How did you appear up with the abstraction for Exscudo? What is your mission?
AZ: I accept been accommodating with a above cryptocurrency barter and consulted the aggregation on aegis issues. When I saw the backend alignment from inside, I accepted that this apple lacks able players. The acumen was that the bazaar is still too baby for big players, but already too big for accepted players.
You can calmly appraise it by artlessly account the news: $50 mln baseborn from this startup, addition barter afraid and absent $60 mln… Such scandals are allotment of the circadian accepted in the cryptocurrency market. Knowing this, I absitively to actualize a able trading apparatus and advance an basement of casework about it, eliminating the charge for middlemen.
Our mission is to actualize a belvedere that unites the apple of acceptable accounts and the cryptocurrency market. We appetite to actualize a new all-around centermost of clamminess for all groups of users. A arrangement area an unbanked being can barter on the banal barter aloof as artlessly as an institutional investor. Our capital ambition is to actualize an easy-to-use, fast, acknowledged and defended admission to the cryptocurrency bazaar for every being with admission to the Internet.
Bitcoinist: Why do you anticipate your band-aid is bigger than others that are already on the market?
AZ: We accept a client-oriented system, and we are creating article added than a activity with a acknowledgment on advance aural 1-2 years. Exscudo is active a marathon, not a sprint. Besides, our aggregation consists of awful able specialists in all fields, from aegis of banal barter trading to account and acknowledged questions. I anticipate that our capital advantage is that there are no akin solutions. There is no added activity that offers this advanced ambit of articles beneath one roof.
Bitcoinist: How did you body up the team? Have you run any added projects calm before?
AZ: Building up the aggregation was adamantine and painstakingly. For anniversary position, I bare not alone to acquisition a awful able professional, but addition who has absorption in Exscudo, who shares our appearance and spirit. The actuality that the being charge authorize as an able is a must. The development of Exscudo took abounding years. During this time, we saw in practice, whether the being fits in or not. We additionally had some abrogating adventures back bodies abandon or were fired. There was appealing abundant everything.
Bitcoinist: How did you accession the antecedent funds for the development?
AZ: Despite Exscudo, I am active added businesses, such as software development, for example. The assets generated by those enterprises makes the development and activity of Exscudo possible.
Bitcoinist: Why accept you absitively to accomplish the amount of the Exchange centralized?
AZ: Because contrarily the accountability would be ill-defined. We would not be able to booty albatross for the accomplishments that booty abode on the Exchange. The proprietary amount is a absolute band-aid for this problem.
Bitcoinist: What do you charge the blockchain for?
AZ: EON, the blockchain, is the ammunition of the accomplished Exscudo ecosystem. It uses the acute affairs algorithm that is similar, but not according to the acute affairs apparatus of the Ethereum network. This technology allows Exscudo to handle affairs amid Exscudo Stock barter and all-embracing banks, as able-bodied as cryptocurrency wallet users and authorization accounts holders. It additionally grants our independency from third-party developers.
Bitcoinist: Who are the ambition admirers of the project?
AZ: Exscudo is an ecosystem that consists of assorted articles that accept altered ambition audiences. For example, the adaptable ‘Chatwallet’ app targets clandestine users that may alike not apperceive annihilation about cryptocurrencies, because the app can be acclimated for defended communications only. On the added side, the trading terminals accept been developed for able traders. To say it shortly, Exscudo unites everybody who is absorbed in the cryptocurrency market, be it clandestine users or all-embracing banking institutions.
When will Exscudo be launched?
AZ: We plan to barrage the aboriginal band of articles in Q2 2024.
Images address of Exscudo, Shutterstock
