The Chinese market has one of the most erratic relationship with cryptocurrency as volatile as the Bitcoin value itself. Coin News had the chance to speak with Leon Lau on Bitcoin Kan, one of the trusted Chinese Bitcoin market information resource to spot light Bitcoin in Asia in its finest.
Coin News: Hi Leon, thank you for indulging us. Can you tell us a bit about Bitcoin Kan? How long did it take you guys to launch your business?
Leon Lau: 其实没特别耗费时间来研发上线，2012年因为关注价格的需求自己写了一个工具监控价格，当行情波动时可以播放声音来提醒正在睡觉的我起来操作，很快这个工具受到其他币友的喜爱，于是做成网站（币看网）提供给更多的朋友使用，就这样我们的第一个版本上线了。之后一直采用迭代的开发模式进行不断版本演进。
In fact, it was not particularly time-consuming to launch our business. In 2012, our founder wrote a tool to monitor prices of bitcoin. Whenever there’s market volatility, it can play a sound to alert him up that the operations were sleeping. Thus, we developed a website (http://btckan.com) to provide services to more people. After that, we have been using Agile development models to continue to release and evolve.
The biggest challenges in the process of development is how to quickly meet customer needs and respond to changes in the industry. So we have four friends set up the company to effort to build a best platform for Bitcoin, and quickly launched the APPs on Android and iOS. The name of the APP is “Bitcoin Kan”, It provides quotes, news, mining monitoring and reminders price of bitcoin. Excellent products with successful marketing, making our products quickly become a leader in the Chinese market.
CNA: What ignited your interest in Bitcoin?
At first, we were attracted to novelty idea of Bitcoin. With in-depth understanding, we believe Bitcoin is the third revolution since the birth of computer (First: PC, Second: Internet). The Blockchain technology achieves the credit mechanism on the Internet. We like what makes Bitcoin become the best payment systems on the Internet and even make the Internet as a new form of society possible. So, we cannot miss such a great opportunity, we left from Fortune 500 companies to join Bitcoin.
CNA: Can you share some definite advantages of Bitcoin Kan over other crypto-related ventures?
Compared with other crypto-related ventures, our advantages are: mature thinking for products, a clear business orientation and continuous innovation capability, and everything stems from that we are a perfect team.
CNA: In your opinion, what do you think is preventing Bitcoin from going mainstream?
No borders, rapid arrival and low cost, they will make bitcoin ultimately become the Internet and cross-border trade in the mainstream means of payment. But the man-machine interface of Bitcoin is too complex. Only when people do not need to understand addresses and technical details of Bitcoin, like when it’s as easy to use Paypal, Bitcoin is likely to become a true mainstream means of payment. Finally, of course, it also depends on governments treatment of the Bitcoin behavior.
CNA: How do you think Bitcoin will impact the Asian market specifically?
Asia is the world’s engine of economic development. The import and export all settled in US dollars is very inconvenient, even if includes parts of the future use of the Renminbi, but Bitcoin can play a very important role.
In addition, Asia accounts for 61% of the world population. The future of the Internet population will be the main force, and Bitcoin will play the most important role on the Internet, especially trading of digital products.
CNA: What characteristics of Bitcoin Kan do you consider the most revolutionary?
When bitcoin prices rise, it is the golden age of our rapid development; when bitcoin prices fall, it is the important moments of our lead; when bitcoin prices stabilize, it is the best time of our continued innovation.
Bitcoin Kan’s most revolutionary product feature is “Share&Earn” in the sharing circle, according to the number of ranking reading by the visitor, free distribution of bitcoin reward as the spread of a new type of social media. The award paid by Bitcoin way that can be paid advertising in the world.
CNA: Do you think it is false when Bitcoin supporters who are critical of banks are also critical of alternative cryptocurrency?
I cannot judge other people’s views, but we think the Bitcoin isn’t only one kind of cryptocurrency. Bitcoin should be based on the main currency and supplemented by altcoins, but only by solving specific problem areas, altcoin can have a living space.
CNA: What can you say about online gambling laws and cryptocurrency legality and regulation?
I do not know the laws of other countries, but gambling is illegal in China, so online business should comply with the laws and regulations of customer service location. Currently, Bitcoin Kan primarily serves customers in China, therefore our website and APP are not a gambling-related business.
CNA: Do you have a Bitcoin price prediction?
I believe that the future of Bitcoin will be successful, but the presence of the specific manner in which is, I think nobody would have predicted at present. As it was no one could have foreseen the development of the Internet as today, I cannot give a specific forecast Bitcoin price.
CNA: Finally, what can we expect from Bitcoin Kan in the near future?
Our next goal is to expand business in overseas markets, the layout of wallet, and other services. In addition, we will have an announcement for financing, so stay tuned.
If you are an Internet society, I believe that in the near future, more or less, directly or indirectly, you will have bitcoin. Or, download the “Bitcoin Kan” APP now to get free bitcoins.
CNA: Thank you very much, Leon.