Wirex CEO Pavel Matveev Talks Bitcoin Cash, Plans for 2019
Bitsonline got the chance to speak with Pavel Matveev, founder and CEO of popular crypto wallet and debit card provider Wirex. Matveev discussed the current state of the Bitcoin Cash hash war, the ongoing bitcoin bear market, and Wirex’s plans for 2019.
Wirex CEO Talks Bitcoin Cash Drama, BTC Price
Evan Faggart (EF): What is your take on the ongoing battle between Bitcoin Cash and Satoshi Vision (Bitcoin SV)?
Pavel Matveev (PM): Battles over emerging technologies are nothing new, the feud between Tesla and Edison is well documented. The two inventors waged a “War of Currents” in the 1880s over whose electrical system would ultimately dominate society — Tesla’s alternating-current (AC) system or Edison’s direct-current (DC) electric power. The Bitcoin Cash -Satoshi Vision [battle] has been ugly – playing out in spectacular fashion on social media. The dispute is over two competing versions of the Bitcoin Cash hard fork—led by Craig Wright, and Roger Ver. Their respective pseudonyms “I might be Satoshi and Bitcoin Jesus” should give you an idea of the extent of the egos involved.
This feud has been partly attributed to the rapid decline of the Bitcoin price in recent weeks. Like all wars it has petered out with Bitcoin SV the alleged loser. The two parties will never agree on their opponent’s trajectory and they will continue to iterate their own versions. The dust has settled, but this will not be the end of such disputes. Blockchain and cryptocurrencies are relative infants in tech terms and they will go through a few more scuffles before they settle down and take their place in the mainstream.
(EF): What do you think about the huge bear run currently taking place in the Bitcoin and crypto markets? Is it a temporary selloff or indicative of a larger trend?
Markets despise uncertainty and recent events have made investors nervous. Due to the fact that there is nothing underpinning Bitcoin, market instability is naturally going to make these currencies highly volatile and investors will continue to test the waters hoping to catch a rally that will make them rich. Despite repeated claims of gloom and doom for cryptos the supporting infrastructure around them is getting stronger.
There have been many positive developments around the acceptance of cryptocurrencies; Fidelity recently announced they’ll be extending their digital asset trading service, Nasdaq confirmed that they will launch Bitcoin futures by mid -June and G20 leaders pledged their support for crypto regulation. These developments paint a positive picture for the sustainability of cryptocurrencies. So, I am still of the opinion that cryptos are here to stay, I do not think the current bear market it is a long-term trend.
Plans for 2019 and Current Promotions
(EF): What is Wirex working on right now that we can look forward to in the near future?
The past 6 months have been very exciting for Wirex and we expect 2019 to move on the same trajectory. We are getting ready to bring our card programme to the US and Canadian markets, as well as the APAC region.
We are also working on a unique offering for our institutional clients that we are certain will reshape the global cryptocurrency and business landscape. At the same time, we will continue to develop our platform and product offering to further enhance our users’ experience.
(EF): Tell us a little about the XRP giveaway you’re doing with Cryptopulse. What kind of reach do you hope to achieve with this giveaway, and how else are you helping Cryptopulse as a sponsor?
Kevin and Ben of Cryptopulse are passionate about cryptos and provide a valuable service for their community. Through their podcasts, they want to reach out to both crypto enthusiasts and the crypto-curious to bring them closer to digital currencies and the possibilities they offer. They have been big supporters of Wirex for a while now and after meeting them we wanted to give our support in return.
For the month of Christmas, we joined forces for a giveaway that will reward the 1st prize winner with £500 worth of XRP. It’s an easy way for the lucky winner to start their journey into cryptocurrencies.
What do you think about Matveev’s opinions on Bitcoin Cash and the BTC bear market? Share your thoughts in the comments below.
Images via BiteBiteCoin, Wirex