Investment tool on Blockchain: Crypto Money
Crypto Money is a field that we talk about and try to understand recently. This area, which can rapidly gain and lose value, is especially in the interest of individual investors. Paribu started its operations in 2017 and today it has become one of Turkey’s major players in this field. Paribu’s Founder and CEO Yasin Oral stated that:
“Paribu’s three-year history is based on technology investment. The ecosystem is not very old. However, everyone has been relying on an organization that provides uninterrupted service for three years without causing any problems and trouble. What we are talking about right now is actually nowhere else in the world. There is only a small example in Japan. There are places with regulation; but these do not provide trust. When you look at the banks, you only have 150 thousand liras of assurance. Exchange markets are as deep as a well. Actually, there is no mechanism controlling the exchange markets in the world. There are Exchange markets that regulate themselves. One of the actions we will take at the end of this year is to have ourselves audited.
We already have tests for cyber-attacks and systems. There is also a financial part. Whether the Money is processed correctly, whether they are really in place, are the deposits of the user really still there are the most critical questions. As Paribu, we plan to have ourselves audited, as we believe in all our processes and transparency.
These markets are not much different from the traditional and old Exchange markets we know. These are slowly evolving in that direction. We do not bring many products such as Margin trade on purpose. These are leverage transactions used in places such as Forex. They used to not exist in crypto money exchanges, it has been witnessed for only 1-2 years. Whatever is in the traditional exchange markets that we know started to be the case for this system, as well. We try to bring the appropriate ones in. Apart from that, there are some things that traditional Exchange markets are not open to. We have nice projects about this topic. We will gradually try to announce them at the beginning of next year. We are talking about many firsts that will take place in the world.
Normally, the best security is the security where everything is hidden. I can easily say this about speed, support team and system operation, it makes a clear difference. All of these are based on the infrastructure and technology at the back. You develop and complete your data centers within the framework of the events and back them up. We are comfortable about that right now. I can say that we do not believe in cost saving when it comes to security. We are very clear about that.
There is commission on every transaction. It varies according to the transaction volume with a scale that opens up to 2.5 per thousand to 1 per 10 thousand. In many areas, we receive a smaller commission than many Exchange markets in the world.”
