AMA with REAL | Transcript
Q: Real Coin will be used in your payment system together with such stable currencies as USD, EUR, etc. How are you going to keep the price of Real coin stable?
A: As you know, there are two ways to stabilize the price: first, price control by market makers and management of inflation and capital increase, and second, creating support equivalent to the value of transactions in the market to stabilize the price that means Real Coin will be asset back, Real Coin will be supported by precious stones, jewelry, and precious diamonds, because the company G & S Enterprises One of its activities is buying and selling and extracting precious stones and jewelry.
Q: What do you feel is the biggest achievement so far, and what has been the biggest struggle? What’s the goal for the project, and what can you be most proud of?
A: REAL Coin is a high-performance, scalable, customizable, and secure Token. The
REAL Association’s mission is to enable a simple global payment system and
financial infrastructure that empowers billions of people. The Association’s first step
toward creating a more inclusive and innovative financial system began in August
2017 with the announcement of the project. Our goal was to establish a collaborative
dialogue early in the journey. We have worked with regulators, central bankers,
elected officials, and various stakeholders around the world to determine the best
way to marry blockchain technology with Real life people.
Q: Share with us your plans for the future. What milestones do you have in your roadmap, what goal do you want to achieve, and how will you make your project better?
A: We want to bring you the next generation of borderless payment, and we do this by combining technology and knowledge and marketing solutions. In other words, we have made it possible for you to manage your accounts, assets, and transactions yourself. Do this, and that means personal banking without third-party intervention.
The mission of the REAL Association is to enable a simple global payment system and financial infrastructure that empowers billions of people. With more than 1.7 billion people who are either unbanked or underbanked around the world, large-scale innovation that promotes financial inclusion, compliance, and competition could help those who need it the most.
Q: What is the story behind your team and your project? What inspired you when creating this project, and did you manage to implement everything that you had conceived?
A: Our company has been working in the fields of trading, finance, gemstone mining, and buying and selling, and for about 5 years, it has been working in the field of financial technologies and payment. However, our activity in the field of financial remittance has been around for 25 years. The founders of the company are formed.
We are currently listed on Coinsbit and are being listed on Whitebit with David’s help. We are trying to build a strong market with the help of the most professional market makers, and we have strong business partners who will help us build the best market.
On the one hand, we are creating a global payment system, the details of which you can see in the whitepaper. In this system, we want the largest financial remittance system that can move fiat to Crypto and vice versa from anywhere in the world without a third party, and this is the future of payment.
On the other hand, our trading robot system can shape trades in 1-minute timeframes and can trade with option technique as well as classic trade and future trade and has proven outputs, and of course, it is still under development. So now we are ready to achieve new opportunities with you.
Q: You say that your group is active in the fields of investment, finance, financial technologies, payment technologies, designing banking switches and trading robots in the global markets, etc. Do you already have any real-life solutions, like POS terminal or any other products in your ecosystem that would help you accomplish your purpose to enable a simple global payment system and financial infrastructure?
A: Yes, our company and our team in general have had many activities in the field of finance and financial services in different countries. We have been working on POS technology for a long time, and initially, we worked on fiat-specific POS.
Q: The REAL community has designed blockchain-based smart cards, which support all digital currencies, and you can also connect your account to the card and manage your assets.” Tell us more about how it works? Do these cards connect to payment systems such as visa/ MasterCard or else? How and where can you use it?
A: This is not an ordinary hardware wallet. It’s a complete system that brings security, access, and convenience to new levels, with you in the driver’s seat. The Real Wallet is so secure that many of the most well-known crypto icons use it. It’s Complexible, high-tech, and comes in a sleek package that is easy to manage. The Real wallet is one of the hardware wallets that you can easily carry with you. This Real wallet is capable of storing Real Coin, Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, and ERC20 Tokens and is produced exclusively for Android and IOS operating systems. The Real Wallet hardware wallet is waterproof and highly resistant to shock, heat, and cold.
The operating system of this wallet is completed with Global Payment System. This wallet is connected to 180 trading pools to convert to USDT, and then from the stage of converting it to Fiat and vice versa, our trading pools and trading switches are discussed.
In this system, you connect all your bank accounts to the wallet, and the conversion of 150 top cryptocurrencies in the market to Fiat in your personal account is done by this wallet in 28 minutes.
Q: Your website says about your cards “No fees for transactions made with the card. / Support and service of over 20 cryptocurrencies” Tell us how did you achieve this? As we know, REAL is an ERC-20 token, and transactions are pretty expensive now. Cryptocurrency on which blockchains does your card support?
A: Oh yes, so that means we don’t have any extra transaction fees such as exchanges and others our Card will support all blockchain extra will support the REAL Blockchain.
Q: A couple of times, you mentioned that transactions with your smart card are fast. But how fast they actually are?
A: We work on Global Payment System that is the system we want the largest financial remittance system that can move fiat to Crypto and vice versa from anywhere in the world without a third party, and this is the future of payment.
So in this pool, you can create your exchange fiat to crypto in up to 28 minutes that will be on your Visa or Master or any other Bank Account, so this means fast.