FreeBnk X AMA session with BeInCrypto
Cryptocurrencies offer a world of opportunities: faster payments, innovative financial services and inclusion for previously unbanked regions. However, these opportunities come with challenges such as security issues and the need for strong governance.
Freebank, with its Crypto2Stocks technology, is tackling these challenges head-on. We recently caught up with Yunus Emre Ozkaya, CEO of FreeBnk, who shared insights about their revolutionary platform and upcoming features.
AMA session with Yunus Emre Ozkaya of Freebank
BeInCrypto: Can you share some of the key achievements of Freebnk over the years?
🗣 Community
We're kicking off our AMA session with Freebnk app founder Yunus Emre Ozkaya 😎
As usual, I have some questions for Yunus. After that, he will answer 5 very interesting questions for you (quick reminder: we already collected these questions!).
These 5 lucky community members will receive $20
Yunus Imre Ozkaya: Hello everyone!
BIC: @Longabi Let's start with the basics: Freebnk is a crypto banking app. Can you share some of the key milestones Freebnk has achieved over the years?
Yunus: We launched our app 3 months ago in partnership with Kima, FireBlocks and recently opened our RWA marketplace to take advantage of the gasless transaction opportunity.
BIC: What about the new Crypto2Stocks technology? What motivated you to develop FreeBinck?
Yunus: The idea behind Crypto2Stocks was to bridge the gap between decentralized finance (DeFi) and traditional finance (TradFi). We saw the need for a seamless way for investors to move between crypto and stocks without the hassle of multiple platforms. This technology empowers users, allowing them to monitor and control their investments like never before.
BIC: How does Crypto2Stocks work and what makes it different from other platforms?
Yunus: Crypto2Stocks allows users to trade stocks directly in real time. Unlike traditional systems where you need to convert crypto to fiat before buying shares, our technology integrates both processes into one seamless transaction. This not only saves time but also reduces transaction costs and is a game changer for investors.
BIC: FreeBnk recently launched the $FRBK token on Bitpanda. How did the market react?
Yunus: The response was very positive. The price of the $FRBK token rose to a new all-time high of $0.32, which is 1,920% higher than the previous low. This shows strong investor confidence in our vision and platform capabilities. The momentum generated by both the token launch and our upcoming features like Crypto2Stocks is really exciting.
BIC: Security is a big concern in the crypto industry. How does FreeBnk ensure the safety of its users?
Yunus: Safety is our priority. We have implemented advanced measures to protect the assets and personal information of our users. This includes strong encryption, multi-factor authentication and regular security audits. Additionally, our platform fully complies with regulatory standards, ensuring a safe and secure environment for our users.
BIC: What other features can users expect from FreeBnk in the near future?
Yunus: We are continuously working to improve the platform. Upcoming features include FreeBnk's Crypto-Direct cards, which allow direct debit payments from crypto holdings, and FreePad, a centralized launch pad for global IEO investments. We're adding new functionality to our app for real-world property trading. These innovations align with our “Bank 3.0” vision, aiming to make finance more accessible and inclusive.
BIC: Can you explain the importance of Crypto-Direct Cards and FreePad?
Yunus: Crypto-Direct cards, developed in partnership with Kima Network, are designed to facilitate everyday transactions with users' crypto holdings. This means that users can make debit payments without having to convert crypto to fiat first, which simplifies the spending process and expands the use of digital assets.
FreePad, meanwhile, serves as a centralized launchpad for initial exchange offerings (IEOs), allowing users to invest in new projects using fiat or cryptocurrency. This feature democratizes access to early stage investments and supports the growth of promising blockchain ventures.
BIC: What can users expect from the upcoming Real-World Asset (RWA) features?
Yunus: Our upcoming RWA features are designed to create commerce and functionality within our app. Users can directly invest in real-world assets such as property, stocks, bonds and more through the FreeBnk platform. This aims to further diversify investment opportunities and provide a seamless experience for managing both digital and physical assets in one place.
BIC: How is FreeBnk improving the mobile app to enhance the user experience?
Yunus: Continuous improvement is at the heart of our growth strategy. We're releasing updates to our mobile app that improve usability, security, and overall performance. These improvements include a more intuitive user interface, faster transaction processing and additional security features. Our goal is to provide users with a smooth and efficient banking experience whether they are trading crypto, managing stocks or investing in real world assets.
BIC: How do you see Freebank's future financial role?
Yunus: Freebank is at the forefront of the financial revolution. By integrating DeFi with TradFi, we are creating a more connected and efficient financial system. Our goal is to empower individuals and businesses, making finance more flexible and accessible. As we continue to innovate, we believe Freebank will play a critical role in shaping the future of global finance.
BIC: Any final thoughts for our readers?
Yunus: We are on an exciting journey. Our success with the $FRBK token and the upcoming launch of Crypto2Stocks is just the beginning. As we strive to transform the financial landscape, we encourage everyone to stay tuned for more fundamental developments. Remember, “Fortune favors the brave” and we are eager to lead the way in these times of change.
BIC: Very good! Then let's move on to our community 😌 questions
The first 👉 @Mehedia:-
How does Freebank envision its platform as a gateway to financial freedom for its users, and what strategies or tools does it offer to enable individuals to take control of their money and investment portfolios?
Yunus: Freebnk offers all the right tools to invest in a safe environment without losing the soul of defin.
BIC: @EzequielMarrero:
Can you explain the process of accessing and using the Freebank succession plan, including how it ensures that users' portfolios are passed on to their relatives in the event of unforeseen circumstances?
Yunus: Freebank's inheritance plan is not yet activated, but once it is, you will automatically see options to get your money to your loved ones if something happens to you.
BIC: @Carl0709:
FreeBnk offers competitive loans, mortgages and savings rates at low rates. Can you provide more details on how these financial products work within the FreeBnk ecosystem and how they benefit both borrowers and lenders?
Yunus: It is related to RWA technology, for example, we can take the property you are buying as collateral and give you a loan.
BIC: @VenusGiron40:
The platform also features robust security measures, including insurance coverage of up to $30 million against cyber and virtual attacks. Can you provide more insights into FreeBnk's security protocols and how users can keep their money and personal information safe and secure?
Yunus: Very good question, yes we have 30M insurance and we also use MPC technology, we have partners like Fireblocks susub to monitor all transactions in and out and pre-check any attack.
BIC: The last one is by @HaNguyenT5.
Expansion into Turkey, MENA, EU and UK reflects its strategic approach to market penetration. What market research or analysis informed these expansion decisions, and how does Freebank plan to adapt its marketing strategies to the various cultural and regulatory aspects?
Yunus: We are crazy about mass adoption and we can see growing demand from non-crypto natives from those geographies.
Freebank's offering stands alone in marketing itself to give you the opportunity to invest in property or shares and use your card.
BIC: That's it! Great 🙏
@Longabi Thank you for your time today 🖤
Yunus: Thank you very much for meeting me.
Summary
In conclusion, Freebank is evolving the Definite landscape with its innovative approach and foundational technologies. Under the leadership of CEO Yunus Emre Ozkaya, Freebank Crypto2Stocks bridges the gap between decentralized finance and traditional finance, providing seamless transitions for investors.
An overwhelmingly positive market response to the $FRBK token and the upcoming launch of real-world asset trading underscores the potential of the platform. With a focus on safety, compliance and continuous innovation, Freebank is set to empower individuals and businesses, making finance more accessible and inclusive.
Disclaimer
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