CMO& Co-Founder Mineplex Banking: “Our goal is to become the next generation mobile crypto bank”

Cryptocurrency bank MinePlex was one of the first on the market to launch a cryptoprocessing service, which has already becomepopular not only among users fromEurope, but also for clients from the CIS countries. And all because the creators correctly studied the needs of the market and proposed a solution that will greatly facilitate the use of cryptocurrencies even for those who are just taking their first steps in this direction. The convenient, understandable, and, most importantly, secure service is already loved by retail traders, hodlers, and institutional investors. We spoke with CMO & Co-Founder Mineplex Banking by Alexander Mamasidikov.

Alexander, today cryptocurrencies are no longer such a curiosity as they were 5 years ago. What about crypto processing? How popular is this service today and how will it develop further?

A.M.:One of the growth factors of the crypto market —recognition and interest in cryptocurrency throughout the world, attention to it from states and institutional investors. Let's look at the numbers. For example, the cost of Bitcoin has increased by 800% compared to last year. This is simply an impressive result, since no investment asset, including stocks, bonds or indices, has shown such a rate of price growth. Secondly, investors on Wall Street, who have long denied the effectiveness of digital assets as a profitable investment, are increasingly interested in cryptocurrencies. What do we see today? Morgan Stanley and a number of other companies are already considering the possibility of including Bitcoin in their investment portfolios. Naturally, the growing popularity of cryptocurrencies leads to the popularization of related services, such as crypto processing. It is also becoming an integral part of the modern world. The advantage is security, speed, low fees and the absence of geographical boundaries. All this makes crypto processing a confident leader for the next 5-10 years.

In fact, the Cryptorobotics platform isa tool for managing crypto-finance. Can it be called an analogue of online banking? What functions are provided on the platform for control and accounting of finance? Why did you decide to collaborate with her?

A.M .:Cryptorobotics — terminal forautomated trading of cryptocurrencies and cryptocurrency derivatives, not an analogue of online banking. However, the platform has many services that provide the user with quick access to trading and other services. Including an analytics panel that allows you to see the share of your portfolio, track changes in your balance, and also connect various algorithmic solutions to increase it. I mean robots, auto-following analysts. The platform also allows you to place funds from your account in cryptocurrency assets, using, for example, smart orders, which have simultaneous stop loss and take profit, trailing, etc. I haven’t seen anything like this in banks or crypto exchanges. There are also strong differences — We connect to the exchange via API keys for trading and funds cannot be withdrawn from our terminal — To do this, you need to go directly to the crypto exchange and place cryptocurrency for withdrawal there.

As for cooperation, I can saythat we have long wanted to implement a similar project with a trading platform, but could not find a suitable one. Cryptorobotics has become the ideal partner with whom we share values, approaches and principles of work, as well as allow our users to try themselves in the role of a trader, gain new knowledge and experience. You can pay for Cryptorobotics services with our utility token Plex, which makes life even easier for our users.

Are crypto processing technologies more focused on customers in the B2B or B2C segment? What opportunities does the Cryptorobotics and MinePlex platform provide for these customers?

A.M .:The popularity of the service in the B2C sector is explained byaccessibility and coverage. For example, at the end of March, the number of users of Bitcoin wallets alone already exceeded 70 million people. MinePlex processing, among other things, will automatically convert payments into local currencies into customer accounts. Blockchain technology will be able to provide fast payment processing and transparency of transactions.

B2B payments remain a priority for MinePlex as well.However, this segment is directly related to cryptocurrency regulation. It is expected that a directive from the European Commission may appear in the third quarter of 2021. According to analysts, in the next 2-3 years the B2B sector will be subject to major changes in payment systems, the introduction of blockchain technologies.

Everyone knows that younger generations likeGeneration Z, adhere to the rules of a free life and are willing to live on passive investment income. What passive income opportunities do your projects provide?

A.M.:When at MinePlex we were developing our ownblockchain, then they put a unique staking tool there. It brings the user a passive income of 20% per month with daily rewards. Since staking is part of the blockchain, all charges and payments are transparent, due to a mathematical algorithm and cannot be falsified.

Cryptorobotics' mission was to create a solutionallowing you to manage your portfolio of crypto assets from any device, be it a smartphone or a computer. And it is very important that all robots and services are in the cloud, that is, they work 24/7 even when the computer or phone is turned off. There are many tools that are suitable for investors and users who do not even have basic trading skills, for example, monorobots or autofollow. In order to use them, you only need to select the amount of money for this instrument and one of three strategies: conservative, compromise and aggressive, — and click the run button. After this, you can simply observe from the side how the balance changes. On average, over the last two years, our users have had about 7% monthly income — We display all statistics automatically in our terminal. Our services work in three major currencies — BTC, ETH and USDT can be combined and diversified using different instruments at the same time on the same exchange. Come in and try it, it's very convenient.

It's no secret that data security and safetyfunds remain the main problems of the modern cryptocurrency world. What financial protection systems do you use? To what extent are they able to protect users' funds from hacker attacks?

A.M .:We cannot share all methods for security reasons. But let's talk about some. This:

• secure connection via API keys to your exchanges (without the possibility of withdrawal — withdraw);
• user keys are stored in a secure database using 256-bit hash encryption;
• user account is protected from brute force;
• additional 2-factor authorization of the Google Authenticator account; hash encryption of user data in the database;
• the terminal does not work with user keys in the interface, which excludes any data hacking.

Most often, crypto projects still focus on retail consumers. Do you offer solutions for government agencies or, say, banks?

A.M .:Much depends on the jurisdiction.There are now a number of cryptocurrency friendly banks. Among them are SEBA or Revolut. MinePlex is currently actively developing banking processes. Our goal — to become a new generation mobile crypto bank, developing the neo-banking trend in the crypto sector. Allow clients to receive full-fledged banking services and use cryptocurrency on a par with fiat.

How will the cryptocurrency market develop in the next 3 years? What trends will be on the market?

A.M.: The crypto market is developing exponentially, over the past year, the MTC has grown 15 times, and all large banks and payment systems are already preparing the infrastructure for entering this market. Big bets are being placed on the direction of decentralized finance (DeFi), and most likely this direction will be the trend in the coming years. Separately, I would like to highlight decentralized exchanges, platforms for exchanging cryptocurrencies, which are gradually winning over the audience from the centralized ones. And artificial intelligence cannot be ignored, the use of which in crypto trading today gives you additional opportunities.

There is now an opinion that the governments of countries inwill eventually ban the use of cryptocurrency, and offer CBDC in return. Do your platforms support such assets? Is it realistic to prohibit the circulation of cryptocurrency in the modern world?

A.M.:There are a lot of opinions in this market andoften they are opposite. In our opinion, only a short-sighted state can ban the use of cryptocurrencies today, which will immediately result in an outflow of intellectual and financial capital. The world today is multipolar, it has the Internet, so bans cannot achieve anything, we have had experience, we have tried, but there is no result. CBDC will most likely appear on both classical and crypto exchanges as one of the types of assets and will connect these two worlds with each other even more strongly. Most likely in the next decade we will see their complete merger. CBDC will of course be traded in our terminal as soon as crypto exchanges start adding them and using them on a par with stablecoins like USDT or USDC. We expect the first of these currencies to be the digital yuan within a year.

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