1TN is a world IT product crypto processing mission creating a novel answer for the cryptocurrency ecosystem. The crypto cost gateway permits customers and retailers to just accept crypto funds simply and has continued to onboard extra customers in current months. 1TN platform permits retailers to just accept multi-currency transactions with out abandoning the same old advantages of conventional cost processors.
These developments have attracted the eye of many, so we reached out to CEO Denys Ustymenko to debate his journey and the important thing options of 1TN.
Q: Can we get to know you and your expertise within the fintech trade?
A: I’m an IT entrepreneur with intensive expertise within the fintech and IT industries. I had beforehand created merchandise within the fintech house and, in 2016, with companions established Pokermatch, an internet poker site working in main jurisdictions worldwide.
As a CFO and companion, my world concerned all elements of the business course of, together with advertising, enterprise improvement, account administration, partnership improvement, and efficiency optimization. I additionally created monetary and authorized constructions within the firm to make sure clean operations.
Pokermatch achieved spectacular development throughout this era and was offered in 2021 to Parimatch Holding. After the acquisition, I made a decision to develop my very own IT tasks to assist companies develop and to construct a novel platform for retailers.
Q Why did you resolve to maneuver into the crypto trade?
A: I’ve been on the aspect of the service provider for the final 10 years, I clearly know what issues companies face by promoting merchandise on the web. A few of these embody points with the conversion of funds, deserted carts by customers, transaction limits, and the issues related to financial institution cost techniques. As properly, firms expertise powerful KYC verification points, which has compelled many retailers to undertake a method of ‘pay first’ earlier than verification as seen within the playing trade.
Other than these, retailers face the issue of integration having to spend excessive prices on IT specialists to correctly set up cost merchandise on their platform. These are the the reason why I made a decision to develop a extra handy answer that may mitigate these issues and assist companies settle for funds utilizing a quick and dependable system.
Q: What’s 1TN?
A: 1TN is a world IT product crypto processing mission. We’re at present creating a novel answer for the cryptocurrency ecosystem. The headquarters is positioned in Portugal and we’re within the later levels of receiving a license from the Nationwide Financial institution of Portugal and intend to broaden our operations into the Iberian market (Portugal and Spain). Our perspective plans additionally embody the LATAM market.
1TN is to change into the most secure and most dependable cryptocurrency platform as a result of revolutionary safety options. We’ve partnered with prime IT giants like Fireblocks, Chainanalisys, and Finerymarkets to make sure top-class safety and custody of customers’ property.
Q: What’s the worth proposition of 1TN?
A: 1TN affords providers that may be utilized immediately by e-commerce or as a white-label providing because of the mixing choices that we make accessible. A few of our price proposition consists of
- Low transaction charges
- Quick and straightforward setup for retailers
- Person-friendly dashboard
Help for greater than 20 cryptocurrencies together with Bitcoin, Ethereum, Bitcoin Money, Litecoin, and Tether.
Past this, we’ve built-in other ways by which customers can ship and obtain funds through the net, e mail, smartphones, and pockets addresses. This ensures that our objectives to extend monetary inclusion amongst retailers and e-commerce is paramount. Because of this, the cost panorama of our purchasers throughout the crypto-world will be prolonged, making cross-border transactions faster, safer, and extra handy.
Q: What differentiates 1TN from different choices accessible?
A: The normal cost system is proscribed for e-commerce platforms and retailers as a result of excessive transaction charges and fragmented cost channels. Cryptocurrencies present an alternate for companies to get full worth for his or her providers and develop their companies past their locality. There is no such thing as a conversion payment and retailers should buy and promote digital property at the very best fee on exchanges.
They’ll additionally get dwell real-time information on digital asset/fiat costs and promote with zero charges whereas attracting customers prepared to spend cryptocurrencies. 1TN affords an answer that gives these options and plenty of extra. Retailers can settle for cost in fiat and consumers get the choice to decide on the suitable cryptocurrency to make funds. As soon as the cost is accomplished, 1TN routinely converts it to fiat and the service provider receives the precise quantity of their native foreign money.
Q: What have been your largest achievements up to now with 1TN?
A: In instances of turbulence, I might say launching workplaces and constructing a staff of specialists with intensive expertise within the crypto and fintech industries. We’ve expanded by opening three areas throughout Europe in Portugal, Latvia, and Bulgaria. As well as, we’re continuously engaged on product enchancment and revolutionary platform improvement. Our major intention is to assist our purchasers to make use of blockchain expertise to allow speedy, safe, and low-cost cost processing providers, allow third-party processors, and cash switch wait instances and make cross-border funds simpler.
This improvement reveals that we’re on the correct path towards guaranteeing crypto cost adoption globally.
Q: What are the longer term developments deliberate for 1TN?
A: We have now a number of merchandise that we intend to launch within the coming months. Firstly we’ll be launching the crypto cost gateway and scaling it to assist companies develop. Our staff can also be prepared to help firms’ development by offering easy methods to retailer, settle for and switch digital property. We even have our sights on increasing to new markets together with Portugal, Germany, France, Spain, Denmark, and Brazil.