‘Plowing the Blockchain Industry’ – XBrick aims to build a world-class crypto currency exchange
Interview with global crypto currency exchange XBrick’ CEO, Leafer Zhao, and senior advisor Stuart Gray
With the recent price hike of Bitcoins to as high as US$7,600, digital asset investment is obtaining global recognition and has become a new form of value investment. Blockchain is the underlying technology of Bitcoin and the value of this technology has been recognized as countries compete to invest heavily in this field.
Value drives the future. It is the new technologies, such as blockchain, that will drive future global growth. There are a wide range of digital currencies available for investment and retail investors now focus on which digital currency assets they should invest in to maximize returns. Currently they do so by analysis of available information from crypto currency exchanges, such information as currency supply and transaction volume. Reputable exchanges are very strict on which new currencies they will allow to trade on their exchange: the exchanges typically require the digital currency to satisfy technical requirements, as well as meet criteria on the project team and community development. To a certain extent the exchanges have ensured the credibility and value of these digital currencies and will help investors to identify good blockchain assets more efficiently. With big brand names in place like Poloniex, Bittrix, etc., there are also a number of rising platforms with strong backgrounds and capabilities. We are fortunate to have the opportunity for an interview with two guests associated with one of the new leaders in this field: global crypto currency exchange, XBrick. Leafer Zhao is the CEO of XBrick, while Stuart Gray has advised XBrick on the platform implementation and they will share some insights into the new generation of digital asset trading.
Crypto currency exchanges deepen the role of the Blockchain technology in the development of the global financial market.
Speaking of the relationship between the Blockchain technology and the development of the global financial market, Leafer points out that, The application of blockchain has expanded from financial technology into multiple areas like Internet of Things (IoT), Artificial Intelligence (AI), supply chain management and digital asset trading. We see this as not just a technological revolution associated with traditional finance, but expect it to have deep impacts on many areas of our lives. A crypto currency exchange is an extension of blockchain application so there is no conflict of interest. Global exchanges often focus on sound blockchain assets and provide a secure platform for digital asset liquidity with lower transaction costs than offered by the traditional payments system. They also help to promote wider blockchain development and as the value of digital currencies on issue now exceeds US$200 billion they provide greater public recognition of the entire blockchain industry. XBrick is created based on this vision of providing secure, low cost access to quality digital currencies. This exchange maintains high standards and are very selective in relation to which digital assets are traded on the platform. XBrick offers this platform only to valuable global digital assets.
XBrick aims to develop a world-class crypto currency exchange.
XBrick aims to create a world class platform. It will not be limited to investors in one particular country; investors around the world will be able to trade on XBrick. After discussions with their advisers, Stuart Gray, as well as Dentons (Australia), one of the world’s largest law firms, XBrick choses to locate the platform in Australia because they believe that it has the right balance of regulation to encourage innovation while protecting investors. XBrick has put significant effort into ensuring it complies with all existing legal requirements and has pioneered an advanced, world class anti-money laundering ID verification system in order to prepare for potential regulations.
XBrick stands out of the crowd.
As Blockchain technology attracts attentions from all around the world, the competition among the crypto currency exchanges becomes increasingly intensive. Leafer believes that XBrick has its competitive advantages in both technical features and customer services, XBrick is a trading platform for top-tier global blockchain digital assets, built by a world-class team of blockchain technology specialists. The trading system has been rigorously tested and is secure and stable, supports multiple languages. They employ bank-standard SSL encrypted data transfer, cold and hot wallet insulation. The system also has multi-layer and multi-cluster infrastructure, and the high capacity engine technology which enables 2 million transactions per second, which is significantly better than the industry average. This exchange has built in an automatic ID verification system which prevents global money laundering. XBrick has an experienced team with ex-directors and senior executives from various ASX listed companies, reputable boutique private equity firms and Goldman Sachs, who have extensive experience in global investment banking and risk management.
In addition, the ID verification system is cutting edge as the XBrick team take account of the source country of identification documents and has designed appropriate ID checks for users. For example, users in the USA can use their Social Security Number (SSN), New Zealand users can use their local driver license and Chinese nationals could use their national ID card and bank card. User experience has high priority in XBrick so the website is very easy for new user to register and use. The entire registration and verification process will only take 1 to 5 minutes.
For the convenience of the mobile users, XBrick does have smart phone Apps and will support both Android and IOS. The App will go online at the same time with the XBrick website (www.XBrick.io).
During the interview Leafer speaks about the future plans for XBrick that the team aim to build a world-class digital crypto currency exchange. The first step will be to establish our trading platform brand in European and American market, as well as the Asia-Pacific region, and will be primarily working on markets in UK, Australia, China, New Zealand, USA, Japan, Singapore, Russia, etc.