As blockchain’s potential continues to unveil, especially in the disruption of financial services, we had a chat with Irina Berkon, CFO at PLATIO, a company creating a crypto banking ecosystem, about where the industry is going and if blockchain is the solution.
“I think there is no stopping the progress of the blockchain technology. There are so many brilliant minds working on amazing and life changing solutions. I think that blockchain technology will be part of everyone’s life, whether those who actively use it or benefit from blockchain-based services, it will be everywhere!”
Tell us a little about yourself?
I started my career in public accounting in San Francisco, working on financial audits of companies in various industries and geographies. I have experience with IPOs, M&As and building products for mass adoption. To Platio, I bring my vision of proper implementation of compliance, which every banking company requires. I am a big promoter of diversity and believe that teams should consist of people from different experiences and walks of life to ensure that the companies have all around success.
Why are you supporter of Crypto-friendly banking?
There are over 15,000 banks in the world. Only about 10 are crypto-friendly. The blockchain industry is solving huge problems in the modern world, but it cannot have proper access to traditional banking solution, those as simple as buying a plane ticket with crypto. How can an industry grow if it lacks basic banking services?
We started Platio to provide the blockchain industry banking services that it requires to progress. Our solution is based first and foremost on compliance. We have an FCA issued API license and crypto-exchange licenses. In order to provide proper solutions we have to be fully compliant with the banking authorities.
Platio is developing a private Sidechain based on EOS technology and a predefined set of smart contracts. We chose this technology because of its security and processing power of transactions.
What countries will have the greatest adoption?
We are starting with the EU, where our licenses cover 32 countries to be able to service over 500 mil individuals. I don’t think we will lack adoption in any country where people need to utilize their crypto. It is a matter of providing legitimate services.
Where do you think cryptocurrencies and blockchain will be in 12 months time?
Many ICOs completed recently. Accomplishment of their promised product development goals is very uncertain. Therefore, for those who cannot succeed, their token will not grow in value. Result-limited potential growth for ETH. It does not seem realistic that it will come back to its high of ~$2K. Bitcoin, however, may not reach $20K very quickly, but it’s growth is inevitable.
I think there is no stopping the progress of the blockchain technology. There are so many brilliant minds working on amazing and life changing solutions. I think that blockchain technology will be part of everyone’s life, whether those who actively use it or benefit from blockchain-based services, it will be everywhere!
Any tips to people investing in crypto?
Do your due diligence! Don’t invest in scam projects. It is not hard to do, but it could change your investing outcome and help the industry as a whole to ensure that the good projects can move forward and change the world!
Thank you, Irina! PLATIO is building amazing foundations for banking and finance in the crypto world. We look forward to seeing more and more.