Original A Leaf Knows Autumn Finding Money in Greater Vancouver 2022-01-04 10:29
2021 was the craziest year for cryptocurrency to date.
Bitcoin approached $70,000, "memecoins" with hundreds of billions of dollars in market value entered the top ten, Shiba Inu surpassed Dogecoin, cryptocurrency ETFs were successively listed, and El Salvador recognized Bitcoin's legal official currency status. Countless pieces of good news intertwined, and the industry's volatility continued to amplify in 2021.
At the beginning of 2022, Finding Money in Greater Vancouver interviewed Fiona, the founder of HiBit, the most down-to-earth cryptocurrency exchange in the Greater Vancouver area, who took us into the world of physical cryptocurrency.
Finding Money in Greater Vancouver: In 2022, we are very pleased to have the opportunity to interview Fiona from HiBit Cryptocurrency Exchange. First of all, I would like to know what Hibit Exchange is?
Fiona: HiBit Exchange is a Canadian compliant licensed digital crypto asset community service manager, committed to digital crypto asset trading and services, and aspires to become a Canadian licensed digital crypto asset brokerage.
Finding Money in Greater Vancouver: What was the original intention of creating HiBit?
Fiona: First of all, I am a loyal believer in blockchain crypto assets. Regarding why it is named "HiBit," let me explain. Bit is the most basic unit of information in computer and digital communication, with a logical state of one of two possible values, these values are usually represented as "1" or "0."
HiBit is "Hello, Bit!" meaning joyful participation and game, embracing new digital assets, embracing new wealth. Because virtual currency is too illusory and the general public cannot understand it, I use understandable and visible methods, adhering to the blockchain distributed spirit, developing offline physical stores, developing community node partners, and using face-to-face accompaniment services to reduce customer doubts and feel safe and secure.
Finding Money in Greater Vancouver: What are Hibit's main businesses currently?
Fiona: Our current business is to provide cryptocurrency-to-cryptocurrency transactions through the online HiBit Coin Exchange www.hibitex.com, and offline OTC counter services to provide customers with cryptocurrency to fiat currency exchange services, such as: account opening, deposits, buying and selling transactions, withdrawals, Q&A, etc.
HiBit has opened fiat currency deposit and withdrawal channels in cooperation with banks, converting cryptocurrencies into 13 kinds of fiat currencies such as CAD Canadian dollars, USD US dollars, EUR Euros, GBP British pounds, AUD Australian dollars, CNY, HKD, CHF Swiss francs, JPY Japanese yen, and SGD Singapore dollars, and also accepts these 13 kinds of fiat currencies to buy cryptocurrencies.
HiBit also has a blockchain exchange business, and foreign exchange merchants, financial institutions, and major clients are welcome to cooperate with us to provide the most favorable wholesale prices, the fastest and most professional services.
Finding Money in Greater Vancouver: Speaking of cryptocurrency, safety is inseparable, and we have to talk about regulatory licenses. Can you please introduce HiBit's regulatory license?
Fiona: HiBit registered for the Canadian FINTRAC-MSB regulatory license in 2018. Its full name is Fintrac Money Services Business (Fintrac MSB).
Money service businesses operating in Canada are subject to Canadian anti-money laundering (AML) and anti-terrorist financing (ATF) requirements. Canada's industry regulator is the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). In addition to regulating the industry, FINTRAC receives regular reports from licensed MSB institutions and publishes updated industry regulations for the industry. Hibit is the first crypto-asset trader in BC to complete the agency's compliance review.
Finding Money in Greater Vancouver: Finally, I would like to talk about the fact that it is rare to see physical stores for digital currency, most of which are self-service transactions through ATMs. How did you come up with this unique idea?
Fiona: The pain point of virtual digital assets lies in security and operational complexity. Therefore, we hope to use the community as a starting point, and use face-to-face accompaniment services to allow more people who want to try to enjoy the industry dividends of cryptocurrency growth and obtain new wealth.
In addition, I think a person's existence must be with a mission, to influence life with life, to open stores to do "inclusive new finance," and to keep the fluorescent screens at the storefronts lit up every day to "ignite new hope"!
This is also the reason why our two stores are located in RMD Richmond Public Market and Burnaby Crystal Mall. Two years ago, I said, "Sell Bitcoin in the vegetable market like selling winter storage Chinese cabbage!" In the future, I will gradually tell you the stories of ordinary people buying and selling digital assets.
Thank you Fiona for taking the time out of your busy schedule to accept our interview and share her entrepreneurial story and ideas for the development of the crypto industry. I hope that the crypto industry can achieve more standardized and stable development in 2022, and I also wish HiBit Exchange all the best.
(Disclaimer: Cryptocurrency investment and stock market investment both have risks, and investment needs to be made with caution! The securities information and individual stock data provided by this website strive for but do not guarantee the accuracy, completeness, and applicability of the data, and do not constitute investment advice!)
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