Interview with the Bonpay Founder & CEO Alex Blazhevych
If you are thinking of buying cryptocurrency or already are a happy owner of digital coins, you surely have thought about spending it. And that is not so easy. But while crypto supporters forecast free use of crypto in future, there are services that make it possible nowadays, so you don’t have to wait years. Bonpay is the best solution, where you can manage, convert, store cryptocurrency in a wallet and freely spend it with a card. Secrets of creating such project we will learn today from company’s CEO, Alex Blazhevych.
How was the idea of Bonpay born?
Mr. Blazhevych: Cryptocurrency is understood and accepted by more and more people, and sooner or later each of them, ask the same question: how can I spend cryptocurrency in the real world? The indicator of easiness of spending is whether you can or can’t buy a cup of coffee with crypto in a small cafe near your house. Our team was fascinated by the idea of cryptocurrency, but the problem was how to connect crypto and the real world. We want people to be sure that they can use their cryptocurrency funds in the real world, so we decided to create Bonpay, which allows spending digital currency everywhere by instant and seamless conversion to fiat money, without any hidden fees. Our main goal is to provide our clients with simple, convenient and secure service.
How does Bonpay differ from similar services?
Mr. Blazhevych: Firstly – DLN, Decentralized Liquidity Network and it is aimed to solve main problems of cryptocurrency world – lack of liquidity and high exchange rates. It’s a breakthrough technology that is being developed by our team. DLN guarantees that the most favorable rates will be used during conversion. Secondly, it is a LIVE version of the website that clearly shows that we know we do and what we are going to improve and create in the nearest future. Thirdly – the experience of our team and willingness to bring to the market the most secure product with the lowest fees. You can learn more about DLN in our whitepaper.
Why do you need Token Sale?
Mr. Blazhevych: Unlike many similar services, we already have a live product – wallet and card. Currently, our cards are available for EU only, but we are working on the solution for other regions. We are negotiating with 3 huge card issuers and trying to find the best solution for our customers. And that is why we launched our ICO, to be able to provide cards not only for EU members. But cards are only the beginning for us to be able to develop a product in a fast way according to the milestones in the whitepaper. You can check our milestones in a white paper to see all benefits we will give the community. Token Sale is mutually beneficial for project and clients. Engaged clients, who believe in future of Bonpay, can participate, buy BON Tokens and get benefits. And we are able to raise funds for making our service better.
How is Token Sale going?
Mr. Blazhevych: Bonpay Token Sale started on October 31st and will last until November 28th, but we have already raised more than $6 million. We are grateful that people believe in Bonpay and offer extra bonuses for our Token Sale participants. The earlier you make an investment in Bonpay, the more benefits you get. We still have a great offer for people who can send over 20 ETH and also appreciate and are willing to provide special conditions for the products as well as for a number of tokens who willing to send over 200 ETH.
What are your plans after ending of Token Sale?
Mr. Blazhevych: Firstly we will try to bring the market crypto card solution outside EU, so crypto enthusiasts from Asia, Africa, South America regions as well as Canada, Australia and CIS countries could use our cards too. As for now, crypto cards from each program you know are available only for EU region only. We are working on setting partnerships with card-issuing companies and exchanges to improve our services. Raised funds let us focus on making Bonpay more secure and simple in use. We have clearly stated roadmap, where our goals and time for their implementation are described. In the nearest future, we will launch Android and iOS apps, so clients can control their funds by finger touch. We want to bring cryptocurrency in every corner of the world and make its usage as simple as possible.