Baanx X Decentralized Club Ama Recap From the 29th of April
Hello, Decentralized clubbers Another AMA took place in Decentralized Club and we would like to introduce to you the AMA session with our guest Kieron Cartledge from Baanx . The AMA took place on the 29th of April .
Celeb | Decentralized Club
Welcome @KieronBaanx
I would be your host for today
As we take a ride around Baanx ecosystem
Kieron Cartledge
Hey everyone — thank you for having me!!
Im looking forward to discussing Baanx, the BXX token and some of our amazing partners.
Celeb | Decentralized Club
A great pleasure 😊
Before we proceed right
Kieron Cartledge
yep 👍
Celeb | Decentralized Club
We would be having 3 segments
1. Introduction segment
2. Twitter segment
3. Telegram Live segment
After you are done answering a question
You just reply with a tick or a done
Kieron Cartledge
Excellent — lets do this!! super exciting 🙂
im ready ✅
Celeb | Decentralized Club
Let’s begin the introduction question 😊
Introduction questions asked by Dc Moderator, Caleb | Decentralized Club
Celeb | Decentralized Club
Q1. Can you start us off with brief description about Baanx and its vision and mission?
Kieron Cartledge
Great question….
Baanx is a crypto-as-a-service fintech platform. Our mission is to bring regulated products to unregulated crypto communities and to work with our partner communities to engage them in our services across cards, Cryptodrafts, loyalty, fiat on/off ramps, and wallets.
Bridging the fiat and crypto worlds!
Baanx operates globally, in particular the UK and Europe, with a planned launch in the US with large partner communities including Ledger and Tezos this and next month, and other customers later this year.
Done ✅
Celeb | Decentralized Club
Wow this would really be big
Kieron Cartledge
it is and it will be!
Celeb | Decentralized Club
Let’s go on to question 2
Kieron Cartledge
Okay
Celeb | Decentralized Club
Sure
Q2. Can you elaborate on the features of Baanx that make it perfect for building a perfect Fintech product?
Kieron Cartledge
Where do i start…
In order to enter the fintech market, crypto companies need to receive legal approval and licences.
Celeb | Decentralized Club
Anywhere
Kieron Cartledge
So Baanx have multiple agreements and partnerships with many regulated entities. As well as our own licences and registrations with various govt. bodies and entities. We will be adding to our global licences all the time and in many global jurisdictions.
☝️ We have access to a UK credit broking licence, and access to EMI (Electronic Money Institute) licences in the UK & EU.
☝️ We can officially issue crypto friendly Visa, Mastercards, and China Union Pay cards. Our wallets (cold storage) are insured to $100m through non fault loss.
☝️ We are one of the few firms to received approval for crypto assets under the FCA regime in the UK.
Celeb | Decentralized Club
This a great investors love the joy of insurance of funds
Kieron Cartledge
I agree. I love that mine are insured and safe… We also For compliance, have a world class team in USA, EU, and use AI as part of the KYC/AML processes.
This really breeds confidence in everyone involved.
Done ✅
Celeb | Decentralized Club
Nice
Q3. What’s the utility of the native Token and how does one aquire it ?
Kieron Cartledge
BXX is the native token of Baanx and its ecosystem.
Currently it is available in the Baanx app, Tezos Crypto Life app and will be rolling out into other partner platforms too.
Users can buy the token on MEXC and UNISWAP, HODL, sell or exchange the token, as well as earn rewards of up to 25% APY through staking. BXX also gives users the opportunity to earn special rates on Cryptodrafts across an ecosystem of Baanx partners, including Tezos, Ledger and CurrencyLife
Celeb | Decentralized Club
Can you post links to Baanx app so we can download for those who would. Love to buy BXX
Kieron Cartledge
you can also join the waitlist for Ledger here. https://cl-cards.com/waiting-list/
The general BXX 2022 Roadmap is available here 👇
https://medium.com/baanx-bxx/baanx-bxx-2022-roadmap-b71522066442
The BXX utility 2022 Roadmap specifically for Tezos and Ledger products is available here:
https://medium.com/baanx-bxx/bxx-2022-roadmap-in-ledger-and-tezos-8a612b511c27
Celeb | Decentralized Club
We can buy at MEXC TOO
Kieron Cartledge
you can and uniswap. https://www.mexc.com/exchange/BXX_USDT
Done ✅
Celeb | Decentralized Club
Let me move on the last question of this segment
Q4.Can you tell us what are your guys next major priorities in 2022?
Kieron Cartledge
Sure
Here at Baanx, we are thinking very big and ambitiously. 💥
We have big partnerships coming out such as Tezos (now live in 6 countries you can see where on the link i sent above) and Ledger (over 250,000+ have signed up so far!), as well as new services in the making, including Cryptodraft and our unique managed service. We will be able to push many of our services and of course, crucially BXX on critical functionality into these as well.
Firstly, take a look at our updated product roadmap if you still haven’t. There’s a lot coming 🔥:
⚡️ DeFi customers go live with physical & virtual cards.
⚡️ Partnerships with DEX’s and CEX’s
⚡️ Baanx will launch Ledger and Tezos in the EEA and the US.
⚡️Followed up by the launch of Baanx cards, wallets and secured interest-free Cryptodrafts in the United States.
⚡️Q3-Q4 2022 expansion to Africa and LATAM.
Celeb | Decentralized Club
Are there plans to enter African markets
As we have a less competitive market there
Kieron Cartledge
We have our partner Akoin who will be launching very, very soon! We are just in the final stages of compliance with the issing partners as well as testing the system. This will roll into Mawale first. We will then look at Q4 for full roll out into Africa.
Celeb | Decentralized Club
🔥🔥🔥🔥
Kieron Cartledge
Done ✅
Celeb | Decentralized Club
Let’s go the twitter segment
Questions asked on Twitter for Baanx team!
Celeb | Decentralized Club
The future of finance is promising for many, and we’re helping to build it. How do you intend to achieve this aim? What are the features your project hold that will help attain this goal?
@TOBIOKUNOLA
Kieron Cartledge
@TOBIOKUNOLA GREAT QUESTIONS!
First of all, we have many unique features not found with other providers.
Things like automatically linking to up to 5 of your crypto and stablecoin accounts directly to the spending of the card, so you never have to ‘load’ your card. We can launch cards with the top 3 schemes in the world, and we pioneered ‘free money’ with Cryptodraft, pledging your digital assets.
In addition, many crypto lenders are offshore and unregulated.
Celeb | Decentralized Club
True
Kieron Cartledge
What we have found with market research is this can limit their appeal, and excludes many FinTechs from partnering and/or offering their Cryptodraft services.
Baanx has its own HQ and is based in the UK. We also have offices in Portugal as well as the USA and with plans to open more here in the UK as well as other EEA locations.
We recently took the 3rd lagest stake owership of a USA Bank. (Maxwell Bank is FDIC certified since 1943 for insured deposits), we can securely enter the USA.
We have a number of UK and EU licences directly and via regulated partners, and can work with the growing number of financial institutions that want to offer Cryptodraft services to their corporate, retail, and family office clients in the EU, UK and now the USA.
We have a solid pipeline of over 25+ signed corporate clients we are rolling out on a regular basis.
Our current leadership team and advisors are highly experienced in banking, mobile and FinTech areas, as well as crypto. We have a team of Leaders who have over 150 years of Bank and Fintech experience and background in Banking at key institutions such as BitPay, Crypto.com, Binance, CEX.io, JP Morgan, Mastercard, Thales/Gemalto, Visa, Commerzbank, and many others. 🔥
Done ✅
Celeb | Decentralized Club
This a project to be reckoned with guys
🔥🔥🔥 🔥
Kieron Cartledge
We like to think so ha ha 😊😜
Celeb | Decentralized Club
Sure let’s go on
Kieron Cartledge
Yes please 🙏
Celeb | Decentralized Club
🗣️Q..”#BaanxGroup”What are the main features of the project and how was it developed? Where does its core competitiveness lie? What advantages does it have that allow it to stand out in the market?
Kieron Cartledge
Nice
In 2014, our Founders were working across Lending, Fintech and leading Banking companies — both listed and private — with great success.
However, we were always looking for something which could offer improvements to the traditional fintech and banking sector.
It was here our passion for the opportunities offered by automation, blockchain, AI and digital assets originated. chain💥⚡️
Fast forward to 2018, after successful careers across UBS, Mastercard, Gemalto, Commerzbank amongst others, we realised the first step in our dream — to start a Digital Asset friendly B2B2C Fintech platform — offering key services across cards, acquiring, remittance and digital assets within mobile apps and through APIs to the open market.
We launched an ICO in 2018. However, the market conditions were very difficult for a listing.
So we continued to develop the business and build the company, while also growing our client base and technology. We also raised $15m+ in equity and convertible notes over the last 3yrs.
Done ✅
Celeb | Decentralized Club
Great
🗣️Q..Partners are the most
important that strengthen the ecosystems of all projects. Could you tell us about your “#BaanxGroup” project partners and the partnership strategy it has adopted??
Kieron Cartledge
We have 20+ clients we are working with so i won’t be able to go into all of them! So ill hit on some of the ones i think the community will be more interested in hearing about and who allow us to speak about them 😊
Ill start with Tezos!
Tezos is one of Baanx’s earliest investors, and we’ve continued to maintain a strong relationship. Together, we have recently launched the Tezos Crypto Life App, and will soon be releasing the TCL card.
The TCL App lets users enjoy the benefits of DeFi, with the full security and convenience of traditional finance. Users can buy, sell and exchange cryptocurrencies with no hidden fees, as well as access Fixed Term Cryptodrafts. This gives them 50% of the value of their Tezos wallet (interest starting from 0%), full control of how much they want to borrow and for how long, and free withdrawal of their collateral at any time.
We will also be launching the Tezos Crypto Life Card very soon — a secure and easy-to-use cryptocard which enables quick and seamless crypto spending* and integration of up to five crypto wallets at a time.
We then have Ledger!
Celeb | Decentralized Club
Alright
Kieron Cartledge
Highly acclaimed for their first-class security measures, we are extremely excited to be working with Ledger on their new card. 💳💳
This new and avant-garde product offers a variety of cardholder benefits, including seamless crypto spending with instant conversion to fiat at the time of purchase, up to 2% cashback and Flexible and Fixed Term Cryptodrafts. 💰
We’re also planning on launching a crypto Paycheck 💸 feature, which will be announced soon.
We then have Reef! 🐠🐠
Another exciting project we’ve been working on is the Reef card. Reef is an EVM-compatible blockchain for smart contracts that offers low fees, high scalability and an excellent user experience.
Reef’s aim is to combine their ecosystem with a debit card through unique features. Users can spend their $REEF tokens at over 40 million global merchants, and will only have their tokens converted to fiat when they use the card. 💳
Reef also aims to integrate its low fees by offering its users a free card, as well as plans to subsidise fees, create tiers and offer staking opportunities.
I think that will do for now haha DONE ✅
Celeb | Decentralized Club
This bieng quite a read
Where do you see @BaanxGroup in 1 year, what’s your goal by that time? Please can you share link to your Whitepaper if any?
Number 4 question
Kieron Cartledge
In all seriousness a lot can change in a year, and we hope to see positive changes and growth within that time — be it more partnerships, more product launches or more recognition.
We also hope to get one step closer to our vision of bringing the worlds of DeFi and traditional finance together.
For more details, you can find our whitepaper here:
done ✅
Celeb | Decentralized Club
The last question before the live segment
Please introduce your team and group as it is very crucial to any investor, to know whom he/she is dealing with.
Kieron Cartledge
Yeah sure…
Our team has 100+ Years of International mobile and bank tech experience: mobile banking, Ripple, e-wallets, smart cards, trading software, HSMs, payments, FX, and digital security.
Each of our team members is a gem. I am proud to be a part of the Baanx team:
💎 Garth Howat — CEO and Founder
Garth founded Consumer Lending & Fintech businesses. Successful entrepreneur for the last 15 years. Financial Conduct Authority approved in the UK.
💎 Mark Evans — CCO/FCO.
Mark has over 25 years’ worth of experience in corporate/CFO positions — CommerzBank, UBS, JP Morgan.
💎 Jim Yang — CTO.
Jim spent 20+ years in development, managing development teams. FinTech, mobile, retail. Degree53, Apple.
💎 John Wu- (VP Cards)
25+ years in crypto, cards and banking. Set up Bitpay (largest crypto card program in USA) from scratch and Gemalto (now Thales)
💎 Alona Dobshynska- (Chief Product Officer)
CEX.io, E&Y and banking tech — Head of Product with over 6 years of experience at one of the top exchanges in the world.
💎 Andreas Kapsos- (Brand & Communications Director)
10+yr. In Fintech + SaaS, including being employee #11 at Revolut and Marketing Director at Plum.
Done ✅
Celeb | Decentralized Club
Can we proceed to the live segment
Kieron Cartledge
There is also Baanx_BXX on twitter too 🙂
Celeb | Decentralized Club
Sure
Kieron Cartledge
We do Twitter spaces every wednesday, on there — we have a big secret giveaway Wednesday 4th May at 10:00 am UK time!!
lets gooooo!!!
Celeb | Decentralized Club
Can we be sent the link here
So Decentralized Club too joins
Kieron Cartledge
Get it in your calendars haha
Questions Asked by our Decentralized club members during live session to Baanx team!
Q.1 [Josh Gk]
Does #Baanx platfrom provide users an safe opportunity to earn profit passivly ? Can we stake tokens on it?
Kieron Cartledge
This is a great questions. The answer is YES we do. You can stake your BXX for 3, 6 or 12 Months and earn up 25%. This is a great way to earn, whilst also helping to grow the ecoststem of BXX. You can stake in the Baanx app and the Tezos Crypto Life App.
Q.2 [Crypto Investor AMAHUNTER ]
I realized that the BAANX project is a Fintech Crypto-as-a-Service that combines the crypto and fiat worlds. But can fintechs around the world serve their users better than a bank? What are the best details and advantages taken from the fiat world and the crypto world to build and develop the BAANX project?
Kieron Cartledge
This is a great question. Now look we have to work in the regulated space as we issue cards and work with the traditional finance spaces as well as working within the DeFi, CeFi and Web3 space.
I would say regulation is something this is needed to give the users the comfort that even though they are in a decentrailised space they are protected in the real world asset spaces.
We also think insuring funds is key hence why we offer this.
We are Better than a Bank as we are giving the users choise and freedom to choose what they do and how they do it. weather that be them keeping their crypto in a unregulated system and then when they want to spend it bring it to us and usetilise this platform. We want to give money freedom to all!
We are the bridge between the two worlds.
Q.3 [CANDIMAL]
Marketing is a central element for every successful project, what is your strategy to attract new users and investors to your project and keep them long term? What is your most trusted feature?
Kieron Cartledge
We work a lot with our partners. So for example Ledger, Reef and Tezos. We all have joint marketing strategies that we continue to develop and work on.
Specifically for BXX, our community team are ALWAY available! They really drive to ensure that the community of BXX holders are happy and getting the answers they need. We are in the process of updating some of the material around BXX and Baanx roadmap and this team have been an integral parts in gatherting user feedback.
Once the launch of Ledger is completed we will be then rollong out an even bigger plan around BXX so you will have to stay tuned in! 😜
Q.4 [J mags]
Based from my research, Baanx was created way back in 2018. We all know that 2018 was not a very good time for crypto for it was the bear market. Could you share with us how did Baanx survive that bear market and continue to what it is today?
Kieron Cartledge
We never gave up…
One thing that we all share here at Baanx is a deep, deep passion for the business, its users, BXX token and the dream that Baanx has. Everyone in the business from customer support to the board…
When times were bad in those times, we just continued to look at the end goal of what we wanted to achieve and didn’t give up…
Garth our CEO would drive from the top and lead by example, still does to the day and we are now 100+ staff.
Q.5 [THOMAS]
Staking, NFT is very hottest, do you think you will apply NFT technology to your products in the achieved future?
Kieron Cartledge
I loved NFT’s! I mean i love them! Especially thise on the Tezos and Polygon networks.
We are always looking at new ways to innovate and develop the platform. I would say NFT’s is a natural progression for the Tezos Crypto Life App although this is my personal thoughts. Not set in stone. So don’t hold me to ransom on this haha.
We are in talks with a few platforms who want to offer cards to their users to be able to spend earnss from NFT’s but again these are early days.
NEVER say NEVER!
HELPFUL LINKS :
Discord : https://t.me/decentralized_club/804963
Linkedin : https://www.linkedin.com/company/baanxgroup/
Facebook : https://t.me/decentralized_club/804966
Twitter : https://twitter.com/Baanx_BXX
Telegram : https://t.me/Baanx_BXX