Anyone who has experienced sending and receiving cryptocurrency from wallets will realize that it can be a complicated process. Global Trade founders are trying to change this.
We talked to the director of Global Capital Smart Tech Ltd – Mr Jame Augus about the project, problems with cryptocurrency trading and how industry 4.0 trends inspired him.
Can you give me an overview of Global Trade?
Global Capital Smart Tech Ltd in Belize belongs to the G5 financial technology group based at 66 Clarence St – office works, Sydney NSW 2000, Australia. We include 4 subsidiaries:
Artificial Intelligence Company – Australia
4.0 Financial Services Consulting Comapny – Australia
Global Trade Finance Ltd. Company – Hong Kong
Global Capital Smart Tech Ltd. Company – Belize
Globaltrade is the first platform of its kind in the world. We integrate a full range of large technologies on the application which allows you to safely store your assets. Its code is open source and only you can manage your private key. It allows you to monitor market fluctuations in the most accurate way, clearly displays and identifies, updated information 24/7 from the world’s leading experts and information channels. It allows you to keep track of the results of bottrade – which are updated every 10 minutes. In June 2020, there will be an upgrade of the integrated version of crypto and forex trading on Globaltrade. We also build versions suitable for all applications such as the Apple appstore, Google play store, Windows etc.
We apply the latest AI technology to automatically program trades, to calculate the price difference between exchanges, determine the buying and selling demand through the fastest sell-buy bot scanning order which allows you to automatically purchase at low price and immediately sell high price when profit ratio is guaranteed. The above functions are integrated in a bottrade system called Venusaibot. Globaltrade fund has a clear fund operation criterion: investment capital security – profit, stability – information security – sustainable development.
Globaltrade is a technology platform consisting of 5 major applications as follows:
Store digital assets such as Bitcoin and Ethereum
Monitor the fluctuations of top 100 cryptocurrency markets
Provides the latest information on the cryptocurrency and financial markets
Announcing the robot trade results on the world’s 10 largest exchanges.
Trade robot investment AI
What is the biggest problem with spending and trading cryptocurrency at this time?
55% of those who used cryptocurrency in 2018 don’t feel fully confident that their transactions would take place as planned. 18% had one or more deposit problems, including losing all their money and 6% had been the subject of intermediary attacks. Besides that, it’s not so easy to use, for those who are less technology savvy. Account creation and security management are relatively difficult, and are likely to increase the rate of fraud when participating in transactions. The final point is, current crypto systems in general aren’t ready for widespread mass adoption – especially in a world of irreversible transactions.
Are you talking about bringing Ledger and Trezor to Global Trade?
We are discussing with most of the largest players in e-wallet ecosystem. But the specifics of those discussions are only revealed when a wallet decides to join Global Trade.
Which trend in the industry interests you most currently?
The increased concentration of real projects that will produce real results and allow blockchain technology to be used in commerce and utilities. Blockchain technology is continuing to penetrate the security tools market and the world of e-commerce, accelerating decentralization for a wide range of systems and processors. Distributed databases help store and maintain the number of transactions in real time with the highest level of data encryption, security for records.
What can you share about Global Trade’s short-term strategy?
Some specific projects focus on blockchain interoperability. Those projects are solving a very different problem to Global Trade. They are allowing blocks to interact with each other to create the ability to exchange cross-chain values. Meanwhile Global Trade creates a greatly enhanced user experience in interacting with those blockchains.
In addition, we also focus on continually improving and upgrading our app AI products to newer versions and gradually adding more advanced features, bringing more convenience to users. Moreover, the expansion of bottrade AI is also developed so that it can penetrate into 3 markets: Forex, oil and gold.
To ensure that everything goes according to plan, the development of investment funds for app trade is also an important factor determining the success of the project. In this regard, we also need to come up with a specific plan and milestones to attract Globaltrade investors to develop across different countries over several periods of each year.
Where do you see projects like Global Trade going in the next 2 years?
I see cross-chain transactions enabled and I see almost every wallet, exchange payment processor and cryptocurrency integrating open-source Global Trade to allow users to easily use it while prices fluctuate.
The cryptocurrency market over the years has been very volatile and tends to be unstable so, in that context, we will release the stablecoin USD in the near future, which is designed in order to counter the strong volatility and lack of stability in the price of cryptocurrency. We believe it will quickly rise in market share.
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