Interview with Counos CEO Pooyan Ghamari

Image source: Pooyan Ghamari

Image source: Pooyan Ghamari

Q: You are an engineer by training who launched many businesses. How old were you when you launched your first business?

A: I was 17, trading bronze art sculptures and commercial paintings.

Q: When did you first buy cryptocurrency?

A: I bought Bitcoin in 2010. I knew how the tech worked, but didn’t do anything with it. I am not the type of person who likes to self-promote. But I do know that promotion is one way to educate people about the business, especially young people who are entering the cryptocurrencies space.

Q: What are the biggest challenges that you see with cryptocurrencies?

A: People don’t trust it because of the volatility of the coins. Also, regulation has yet to define this technology.

Q: What coins have you developed?

A: We have many, based on the Litecoin source code and on completely independent networks.

Let me explain each of the following coins:

Counos Coin: a cryptocurrency created using Proof-of-Work technology in the form of a peer-to-peer network which is entirely similar to Bitcoin and Litecoin. Counos Coin has the mining capacity of 21 million coins. At the time of introducing this coin, 16,800,000 million units have been mined, and the rest will be available to be mined up to 21 million by individuals.

Counos Cash: a Stablecoin used in all commercial transactions and money transfers, at a constant price of 20 Swiss francs.

Counos Gold: A stablecoin where each unit equals one gram of Swiss standard gold, with which you can move gold anywhere in the world, without physically moving it. The current offering of Counos Gold will take place in a limited way and in a closed network; however, by changing the Counos platform offering policy, Counos Gold will be available to all users.

Counos Silver: A type of Security Token Offering (STO) used for investment and assets transfer around the world besides price stability, through utilizing a multidimensional function. An International Securities Identification Number is issued for the purchase of each Counos Silver with the same validity as the global bond. According to each purchased Counos Silver token, one kilogram of silver is stored in Swiss banks and will be used as a support of Counos Silver in trades. Moreover, a unique certificate will be issued for each purchase which guarantees the people’s ownership of their assets.

In fact, Counos Silver uses a global financial algorithm for the investors’ security in addition to benefiting from a precious metal for price stability.

Counos E: A stablecoin that has been designed for the transfer of capital with minimum charges in different countries; its clearance is founded on the Euro, with a value equivalent to 100 Euros. This type of cryptocurrency was introduced as a payment tool with the Euro and will be used to settle invoices in this currency. Furthermore, this cryptocurrency is accepted in the Counos Payment Gateway and can be used to settle invoices in valid global currencies with a guaranteed rate of 100 Euros.

Counos U: A stablecoin that was introduced as a payment tool with the U.S. dollar and will be used to settle invoices in this currency. Furthermore, this cryptocurrency is accepted in the Counos payment gateway and can be used to settle invoices in valid global currencies with a guaranteed rate of 100 USD.

CAD Counters: A Stablecoin that  was introduced as a payment tool with the Canadian dollar and will be used to settle invoices in this currency. Furthermore, this cryptocurrency is accepted in the Counos payment gateway and can be used to settle invoices in valid global currencies with a guaranteed rate of 100 CAD.

Q: How fast is a transaction of purchasing gold with one of the coins mentioned above?

A: The duration of transaction confirmation in the Counos network is approximately 2.5 minutes.

Q. Who are your customers?

A: Investors at family offices, financial executives at banks, retailers at travel agencies, and many more. We are talking to customers in the oil & gas and jewelry sectors as well.

Q: What is the media saying about you?

A: Well-known global media channels have touted Counos innovation. For example, the Huffington Post has described it in an analytical paper as a giant in financial transfers which will soon become a serious rival for Paypal and Western Union.

Q: Where is the biggest opportunity for crypto and blockchain adoption?

A: Third world countries where people don’t have access to traditional banking systems and are unable to open a bank account. Imagine a worker who makes $5/day and has to pay $10 in banking fees….more than what he is earning. This is why crypto alone offers an alternative, cost-effective payment method.

Q: Who is your competitor?

A: The banks try to take control of crypto and it is difficult for them. They control the value of major currencies like the US dollar, European Euro, Chinese Yuan, Brazilian Real, Russian Ruble, etc.

Written by: Alice Hlidkova

New Economiesnews