Coinbox leads Malaysia’s bitcoin trading market, plans to invest in Southeast Asia

Roy, the head of Coinbox, was interviewed by a media outlet and talked about the company's development and topics related to Bitcoin. Here are some of the key points Roy mentioned.

Coinbox has great customer service. Even if you call for help at 2am, someone will come to help you solve the problem. The best thing about Coinbox is that the system is highly automated. When you need money urgently or need to save money urgently, you can experience the convenience of Coinbox. It only takes a few minutes to complete the transaction.

About Coinbox

The most time-consuming part is the preparation for the system operation. It takes about 5 to 6 months to ensure the safe operation of the system, the complete infrastructure, and the operation of the blockchain. However, the specific challenge is still in the market. The Malaysian market is not familiar with Bitcoin, so it takes more time to popularize Bitcoin knowledge to the Malaysian people. This is why we continue to hold various Bitcoin-related activities in Malaysia. Personally, I am most interested in Bitcoin's blockchain technology. Blockchain is the future currency.

The best thing about Coinbox

The best thing about Coinbox is the security of its system and the real-time transaction function. Users do not need to wait 30 minutes to complete deposits and withdrawals. Coinbox is also the first company in Malaysia to install Bitcoin on users' mobile phones. We are currently looking to hold an off-chain event.

About Bitcoin

The huge volatility of Bitcoin prices is the biggest factor that prevents Bitcoin from entering the mainstream market. Of course, there are no particularly outrageous fluctuations, such as the Bitcoin you hold is worth $1,000 today and becomes $980 tomorrow. Some people have also proposed to establish a central bank to store Bitcoin to prevent huge price fluctuations.

I think the best application of Bitcoin at present is to send funds overseas and to invest in Southeast Asian countries. I have visited many countries in Southeast Asia, and in my opinion, Bitcoin investment is the best application in Southeast Asian countries.

About Price

I think if Greece rejects the EU's bailout policy, the price of Bitcoin will definitely rise. Coinbase, the largest Bitcoin wallet in the United States, recently tweeted that Bitcoin purchases have soared 300% in Europe alone. This reflects people's distrust of government-issued currencies. Now Greek people are also trying to withdraw money from banks.

It's not too late to buy Bitcoin now. I remember when I first learned about Bitcoin in 2012, I thought it was just something for geeks. But after using Bitcoin, I was deeply attracted by this technology. Bitcoin allows people to trade with people anywhere in the world with very low transaction fees.