DeFi
Reinventing DeFi with FreeBnk: Interview with CEO Yunus Emre Ozkaya
Cryptocurrencies offer a world of opportunities: fast payments, innovative financial services and inclusiveness for previously unbanked regions. However, these opportunities come with challenges, such as security issues and the need for strong governance.
FreeBnk, with its revolutionary Crypto2Stocks technology, addresses these challenges head on. We recently sat down with FreeBnk CEO Yunus Emre Ozkaya, who shared his views on his revolutionary platform and upcoming features.
Q: What inspired FreeBnk to develop Crypto2Stocks?
Yunus Emre Ozkaya: The idea behind Crypto2Stocks was to bridge the gap between decentralized finance (DeFi) and traditional finance (TradFi). We saw a need for a seamless way for investors to move from crypto to stocks without having to worry about multiple platforms. This technology empowers users, providing them with flexibility and control over their investments in a way that has never been achieved before.
Q: How does Crypto2Stocks work and what sets it apart from other platforms?
Yunus Emre Ozkaya: Crypto2Stocks allows users to directly trade their cryptocurrencies for stocks in real time. Unlike traditional systems that require converting crypto to fiat before purchasing stocks, our technology integrates both processes into one seamless transaction. This not only saves time but also reduces transaction costs, which is a game-changer for investors.
Q: FreeBnk recently launched the $FRBK token on Bitpanda. How did the market react?
Yunus Emre Ozkaya: The response was extremely positive. The value of the $FRBK token surged to a new all-time high of $0.32, a staggering 1,920% increase from its previous low. This reflects investors’ strong confidence in our vision and the potential of our platform. The momentum generated by both the token launch and our upcoming features such as Crypto2Stocks is truly exciting.
Q: Security is a major concern in the crypto industry. How does FreeBnk keep its users safe?
Yunus Emre Ozkaya: Safety is our top priority. We have implemented advanced measures to protect our users’ assets and personal information. This includes strong encryption, multi-factor authentication and regular security audits. Additionally, our platform is fully compliant with regulatory standards, ensuring a safe and trustworthy environment for our users.
Q: What other features can users expect from FreeBnk in the near future?
Yunus Emre Ozkaya: We are continually working to improve our platform. Upcoming features include FreeBnk’s Crypto-Direct Cards, which enable direct debit payments from crypto holdings, and FreePad, a centralized launchpad for global IEO investments. We are also adding new features to our app for real asset trading. These innovations align with our vision of “Banking 3.0”, aimed at making finance more accessible and inclusive.
Q: Can you explain the importance of Crypto-Direct cards and FreePad?
Yunus Emre Ozkaya: Crypto-Direct cards, developed in collaboration with Kima Network, are designed to facilitate daily transactions directly from users’ crypto holdings. This means users can make debit payments without having to first convert crypto to fiat currency, simplifying the spending process and expanding the utility of digital assets. FreePad, on the other hand, serves as a centralized launchpad for initial exchange offerings (IEOs), allowing users to invest in new projects using either fiat currency or cryptocurrency. This feature democratizes access to startup investments and supports the growth of promising blockchain companies.
Q: What can users expect from the upcoming Real-World Asset (RWA) features?
Yunus Emre Ozkaya: Our upcoming RWA features are designed to improve trading and creation functionality within our application. Users will be able to invest in real-world assets such as properties, stocks, bonds, etc., directly through the FreeBnk platform. This addition aims to diversify investment opportunities and provide a seamless experience for managing digital and tangible assets in one place.
Q: How does FreeBnk improve its mobile app to improve user experience?
Yunus Emre Ozkaya: Continuous improvement is at the heart of our development strategy. We’re rolling out upgrades 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 cryptocurrencies, managing stocks, or investing in real-world assets.
Q: How do you see FreeBnk’s role in the future of finance?
Yunus Emre Ozkaya: FreeBnk is at the forefront of a financial revolution. By merging DeFi with TradFi, we are creating a more interconnected and efficient financial system. Our goal is to empower individuals and businesses by making finance more flexible and accessible. As we continue to innovate, we believe FreeBnk will play a central role in shaping the future of global finance.
Q: Any final thoughts for our readers?
Yunus Emre Ozkaya: We are only at the beginning of an exciting journey. Our success with the $FRBK token and the upcoming launch of Crypto2Stocks are just the beginning. We encourage everyone to stay tuned for the most revolutionary developments as we work to transform the financial landscape. Remember, “fortune favors the bold” and we are excited to lead the way in this era of transformation.