Interview with Co-founder and CEO, CoinBurp – Peter Wood

FTB News DeskJanuary 22, 202018 min
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Peter Wood Interview with Co-founder and CEO, CoinBurp

Peter Wood is CEO of CoinBurp and leads on the overall company vision and the strategy that drives the business forward. As a veteran in the cryptocurrency arena, Pete’s past experience saw him build a company, BitBroker, that turned over £100 million within four years. From BitBroker, he looked to transfer these skills to create CoinBurp, a platform that addresses issues he’s encountered while trading. CoinBurp is working to make cryptocurrency safe and simple to use and is working to educate investors on the benefits of investing in cryptocurrencies.

1. Tell us about your role in CoinBurp?
My main focus as CEO is to build the portfolio of CoinBurp, maintain current business relations and to expand on potential partnerships. While this is my top priority, I have a large and invested interest in all departments of the company ranging from backend development to customer support. I make an effort on a daily basis to communicate and work with each and every member of the team to offer assistance where I can and learn new skills in each department as I go. This, in my opinion, is a great way to maintain and build strong working relationships with my team.

2. Can you tell us about your journey into this market?
Well, it all started when I was at University and saw a friend mining Bitcoin, which I had no idea about at the time. It piqued my interest, so I started dabbling in a bit of mining myself. I then started to invest a small amount of money and saw small profits on each return, I saw an opportunity to build something on a larger scale with a newly found passion of mine. Not long after I teamed up with a friend and invested £1000 to form BitBroker, which later turned over £100m in 4 years generating £3m in profit. We then took a portion of these profits to create CoinBurp, which we believe to fill a gap in the cryptocurrency market.

3. How do you think technology is developing the Finance Sector?
Personally, I feel a lot of current fiat banking technology is outdated and is vastly apparent with international transfer times, transaction fees and account management costs. Sure there are enhanced banking apps, ease of online usage and countless available for customer support, but I feel there is a lack of financial independence. In contrast, there are many fintech companies providing an array of services to help businesses and the public take control of their money.

Even with growth in an already saturated market, nothing surpasses the ability of cryptocurrency and digital assets in providing investors with complete financial freedom. Mass adoption will see banks and financial providers implement the foundation of cryptocurrency, which is blockchain. A technology that sees through seamless and efficient transactions far more secure than current standard systems in place

4. How has the introduction of cryptocurrency impacted methods of trading?
Some banks have identified the potential of cryptocurrency trading and are in the process of implementing blockchain, and as mentioned previously when we start to see mass adoption we will see trading change drastically. Currently, scepticism of cryptocurrency still lingers, but if we were to compare this market to what it was a decade ago, there has been phenomenal changes and a large level of acceptance due to transparency of exchanges and a level of education provided. Sure, cryptocurrency is volatile, but so is any new currency in its infancy stage until we see worldwide acceptance, which undoubtedly will happen.

5. How do you define your trading platform?
CoinBurp is a uniquely user-friendly trading platform that is revolutionising the way people buy and sell cryptocurrency. Investors can buy Bitcoin, Litecoin, EOS, Bitcoin Cash, and Ethereum from as little as £5 or €5 and in 3 simple steps. CoinBurp is a new trading platform designed and built by seasoned cryptocurrency experts. We’ve invested time creating a secure platform that delivers a best-in-class user experience.

We safeguard user funds, transactional data, personal details in encrypted storage, and undertake tests to ensure we’re ahead of anything malicious.

6. Can you explain how adding Euro to your platform can help you in optimizing the growth of CoinBurp?
With national and international market leaders reducing their level of service and hiking fees, they are completely disregarding a wider audience, especially the UK market. CoinBurp, on the other hand, look to enable cryptocurrency trading for all by expanding our service and offerings with the likes of Euro. Everyone has a preference with how they want to trade, and what fiat currency they want to invest, and this is why CoinBurp will continue to build our platform and accept other forms of fiat and cryptocurrencies. Thus, making one of the UK’s easiest trading platforms available to a wider audience.

7. What are your predictions about the future of Cryptocurrency?
If we are to base the next 10 years on the previous decade, well then the value of digital assets will be much higher, adoption will be global, and the foundation of cryptocurrency will be implemented into companies across the board. Recently we have filmed an episode showing the acceptance of bitcoin by merchants in exchange for products or services, in the coming years we will hopefully see most if not all accepting cryptocurrency. With colleges and universities offering courses, companies like CoinBurp offering education, and a general better understanding of crypto within the public, we will hopefully see this dark and gloomy image of the sector lift and the industry take off to new heights.

8. What advice would you like to give to the Startups?

Be sure to pursue what you love, you will be waking up every day to build your dream, so make sure it is something you enjoy.

There is nothing worse than working on something that you aren’t passionate about, plus it will reflect on your work output. Take risks, but make sure they are calculated, push the boundaries and exceed expectations, and most importantly follow your passion.

9. Which Startup technology has grabbed your attention?
I truly believe Virtual Reality still has not been fully applied within all industries, from medical to education. It has great potential and the capability of being able to get individuals and professionals to advance within their field at a far greater pace than current schemes in place. Along with VR is AI, we are starting to see this implemented into travel, discovery and even recruitment. Again, this tech has an immensely powerful capability to enhance humans capacity for improvement, I firmly believe this has a way to go.

10. How do you prepare for a Technology-centric world?
Being fully prepared is difficult, but I do my best to evolve in modern times. Those who don’t get left behind. I find staying up to date is achieved best by being active within your industry, branch out, expand your network, communicate and most importantly being willing to improve or change. It goes without saying that reading articles, watching relevant channels, and attending tech events.

11. Can you tell us about your team and how it supports you?
I make an effort to bond and work with my team on a daily basis. Our open office plan assists a high level of communication between members. Personally, I love what I do and all aspects of what that is attached to it so I make it my goal every day to get involved with each department of the business. We all help one another for the end goal to improve the overall company performance.

12. What are the major developments you are planning, in recent time?
We look to expand our coin offerings in the near future and will market appropriately to inform our audience as well as adding to our fiat current list. We have just released automated cryptocurrency withdrawals to ease the process for our users. We are also planning to integrate payment card technology so people can deposit currency with use of a payment card. Additionally, we will be building pages for each currency which will house price charts and alert functionality. This is a fraction of what CoinBurp looks to improve.

13. Which Book are you reading these days?
I have just finished reading ‘The Intenet of Money’ by Andreas M. Antonopoulos. I highly recommend.

14. Can you give us a glance of the applications you use on your phone?
Apart from the standard Facebook, Twitter, Telegram, I have Instagram and calculator.

FTB News Desk

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