World's first blockchain-based Islamic bank HADA DBank has released the news that Scandinavian owned cryptocurrency trading “F1Cryptos” will be the first and initially the only platform to list its digital Hada coin, the native currency of its digital bank.
The listing will happen shortly after the completion of the crowdsale but no specific date has been released yet. F1Cryptos partner Michael Buchbinder shared questions with Hada DBank about the listing and other blockchain related subjects. The HADA DBank crowdsale finishes on the 28th of February, 2018.
The blockchain industry offers an unprecedented opportunity for all involved right now and the core team at HADA DBank, are excited to be a part of this huge social shift. Right now is a perfect time for companies with the power to help the world’s unbanked, to launch their products, and a digital blockchain-based Islamic bank is exactly the kind of thing to exact that change.
After accepting F1Cryptos interest in listing their coin, Hada DBank agreed to conduct an interview with F1Cryptos partner Michael Buchbinder and discuss the two companies similar vision for the future of blockchain industry and their partnership. Hada Dbank has a mission to offer their clients the best possible service and value.
Head of PR at Hada DBank Ernest Loh conducted the following interview with F1Cryptos partner Michael Buchbinder. They discussed the events leading up to the listing, the choices behind it, and their opinion of the blockchain industry in general.
EL: The best parts of upcoming companies are always their origin stories. Tell us briefly how it happened, how the team got involved and when did F1Cryptos started picking up momentum?
Michael Buchbinder: “Long before crypto exchanges grew in notoriety, running an FX brokerage and asset management firm was our forte for many years. However, we quickly recognized shifts in the fintech world when it comes to cryptocurrency. We wanted to accept crypto payments from clients to trade with our FX brokerage. Hence, we took a trip to New York to meet several service providers. During our trip, we learned that the technology was a whole exchange. We knew we could take our expertise from the FX industry and bring the best experience to clients in cryptos”
EL: How did you first stumbled upon Hada Coin?
“I was having a chat with the president of DE Asset Management Limited, Darrell Emmanuel. As he happens to be one of the advisors for Hada DBank, he made the introduction to Hada Coin and we went on doing more research into them.”
EL: We noticed you currently list only world-leading cryptocurrencies, what made you saw potential in Hada Coin to be listed among them?
“From our due diligence, we saw that the idea and business are realistic. In the blockchain space, there aren't many Islamic Digital banks with an intent towards reaching out to the unbanked like Hada. We came to understand their business model brings value in what seems to be a fair and just interaction with the customer. This is where we saw the opportunity if their customer can benefit, the company has potential. They are proving to have all of the right pieces to make their vision a reality.”
EL: Where do you see the demographics of cryptocurrency going? According to several publishings and surveys online (Independent, Coindesk, The Merkle), there seems to be a steady trend of a younger crowd hopping onto the platform to trade. Is F1Cryptos making any moves to attract younger audiences?
“Our core is focusing on working with and educating institutions and funds, we also plan on engaging the age demographic between 20-30 that really seem to be embracing blockchain and the new possibilities emerging with cryptocurrencies. We plan on reaching them through social media platforms and other chat groups such as telegram and other avenues they use.”
EL: Do you have a set of criteria you go through when you’re picking out potential cryptocurrencies to be listed?
“Each cryptocurrency is unique, however, we like to see a viable idea. We believe many have great visions but finding the right balance between a great idea and having the right framework to execute these ideas are just as vital. These are easily the main variables while considering whether to list a cryptocurrency on our exchange.”
EL: How will traders see the addition of another cryptocurrency such as Hada Coin in F1Cryptos? Would news like this excite potential traders?
“HADA Coin will appear in the drop-down menu of available trading pairs, for all of our users on our exchange. Our clients are always excited to have premier buying opportunities to get in at the beginning.”
EL: SCM is a registered entity with the Swedish Financial Supervisory Authority, hence, giving F1 Cryptos a good standing in establishing itself as safe and trusted crypto exchange platform. How will this affect potential customers and investors of Hada Coin?
“Our long-standing history in the FX space gives us a lot of experience within a similar industry of how to safely run operations. Our origin story stems from FX and we've spent quite a number of years understanding and navigating this industry. We found in the culture that crypto exchanges share somewhat similar customer psychological mindset when it comes to trading.”
The HADA DBank and F1Cryptos Interviews proved that the two companies shared a similar vision and had a great mutual understanding in general. F1Cryptos has 20 years experience as an FX brokerage and is in an ideal position to list the HADA Coin on its exchange. The F1Cryptos platform only lists the top digital currencies in the market, such as Bitcoin, Ethereum, and Dash. Their strong Interest in HADA DBank and its native digital token means that the platform believes that the world’s first Islamic digital bank is something that has great potential in the blockchain community.
Visit the Hada DBank Website: https://www.hada-dbank.com/
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