TokenPay CEO Derek Capo Explains Bitcoin Romania Deal And Adoption Benefits
In this interview, TokenPay CEO Derek Capo explains Bitcoin Romania deal and adoption benefits. If you enjoy it, remember to check out our cryptocurrency wallets and decentralized exchange over at TokenPay.com.
Well, I mentioned this on telegram and I would like to kind of really go a little bit deeper. I’ve been talking to probably 10 to 20 companies over the past two weeks of ATM companies all over the world. A lot of the business models for all of these ATM companies are that, they connect with current crypto exchanges. Some of the bigger ones, some of the smaller ones and then eventually these cryptocurrency exchanges themselves, keep inventory of coins. Especially if they’re you know in high demand.
What ends up happening is, they start to become their own internal exchange. But what’s most important is the amount of access that they have to people in the real world, right! Where you can go from ATM to ATM to send transactions without having to go through a very very difficult on-boarding process of going into a crypto exchange. I mean many people know how to use an ATM but they do not know how to use a crypto currency exchange, right!
So, if we’re looking for the adoption. if we’re looking for the ability to have an ease of use of crypto currencies in the whole real-world ecosystem. This is definitely one of the best ways to go. But I always look at it as kind of the volume and liquidity we have now. My mission really is to improve that and at least to increase that liquidity, but there’s gonna be a lot of liquidity that is not going to be shown on coin market cap. That’s gonna be in the real world. So we could have 250,000 dollars of liquidity on this exchange and in the short term it will probably increase because it is, let’s say an ATM purchaser going and buying TPAY connected to let’s say cryptopia.
But then eventually, there’s gonna be you know in the medium term, long term, less and less of that volume that’s reported. It is going to be showing real world activity, so you could have let’s say 5 million of liquidity on coin market cap for tokenpay, but you could have 50 million of actually TPAY being exchanged right through this whole ATM network, right! It’s not just ATMs, it’s POS locations as well. So you can go to a market and you can just walk in, they have like through the same POS terminal where you can scan your groceries or whatever. You can actually buy and sell tpay right there.
So there’s a lot of different things to this deal, but I think it’s not just big from Romania. It’s getting us into a space in an industry, where we’re gonna keep on learning about it and expanding it through all of Europe. The first market we’re gonna go after is Eastern Europe and after that we just keep on expanding. We are looking at places in the US, as well as Asia, but we’re seeing this as just the right opportunity for us to really continue to increase the adoption. I mean there’s so much I can say. I think the guys at BIC Romania are fantastic. They work really really hard and really looking forward to all of the things.
We’re going to do with them is not just an ATM deal, it’s not just a network deal. There are so many more other things that we’re gonna be doing with them as well. So again, I’m always thinking about long term. I’m most thinking about the ecosystem. Everything that we do is to increase and expand and make this ecosystem better and stronger. Okay, I think that’s extremely important that everybody understands that, that’s why we’re there. That’s what we’re working for.
Okay so yeah, that’s pretty much it. Steve, yeah absolutely I mean personally, I just think it’s incredible how common, how easy it is to buy and sell crypto currencies here in Romania. Like yeah I’m in Latin America, where it’s not everywhere. I just saw my first crypto ATM to me that’s mind-blowing that you can actually send somebody tpay and go cash it out, that’s incredible!