Transforming money service businesses with cryptocurrencies.
BitcoinChaser: What kind of problem, market deficiency or opportunity inspired you to launch your project?
BloomX (Bx8): Cryptocurrencies are entering the mainstream in Southeast Asia but it’s still difficult for a normal person in the Philippines or Malaysia to convert the cash in their pocket to cryptocurrencies, or vice versa. Many people who try to buy their first crypto end up getting scammed because there are too many unscrupulous players in the market, and they don’t know who to trust.
BC: How will your project address this problem, market deficiency or opportunity in a unique way?
Bx8: We want to give the Asian masses safe and compliant access to cryptocurrencies by building tools for the most obvious street-level hub: the local Foreign Exchange agent. The FX agents that we are partnering with have been in the business for decades and are trusted brands in their respective countries. We will build a graphical use interface layer to simplify their access to the Stellar Decentralized Exchange, and create a multi-crypto “teaching” wallet to educate customers on crypto fundamentals, security, and usage.
BC: How do you think competition will develop in this segment of the market following your ICO?
Bx8: Currently the Southeast Asian Foreign Exchange market is $20 trillion in size. As people grow even more accustomed to dealing with cryptocurrencies, more and more of that market size will be converted into cryptocurrencies.
BC: For all those who have read your white paper and are still on the fence about contributing with your ICO, what can you tell them that could lead them to buy into your project?
Bx8: We’re Bitcoin veterans and have been building crypto-based solutions for remittance agents and foreign exchange companies since 2015. Unlike many other ICOs, we’ve already got a commercial platform that has powered over $125,000,000 in remittance transactions around the region. We’re raising funds for the next stage in our company’s evolution: bringing cryptocurrencies to the masses in a safe, regulated way.
For more information on the BloomX ICO, please visit their official website.
BloomX ICO Details
Totally Coin/Token Supply:
Selling 3,888,888,888 of 8,000,000,000
BTC, ETH, XLM
May 29th, 2018
July 27th, 2018