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Alexander Mamasidikov on the Future of MinePLex Following Its First Year

Alexander Mamasidikov on the Future of MinePLex Following Its First Year Interview

With all that it has achieved, it is amazing to think that MinePlex has only been in existence for about a year. In that short time, the CrossFi bank has launched its platform that allows people to buy, sell, transfer, stake, and pay for goods and services using cryptocurrency. It has also launched a marketplace for e-commerce that leverages staking to create a new decentralized payment system. 

MinePlex has announced, following a whirlwind first year, its new MinePlex 2.0 version. The announcement was made during its first-ever results conference in Dubai. Needless to say, MinePlex has hit the ground running and shows no signs of stopping. Today, we speak with Alexander Mamasidikov, the CEO of MinePlex, about all things crypto and the future of his company. 

Q: MinePlex has had quite the whirlwind first year! Was it the initial intention to do so much in such a short amount of time?

Of course, we were focused on success. However, the support for the project was enormous. Recognition by top media, evaluation of MinePlex as one of the leading blockchain projects and digital financial companies in 2021, and, most importantly, an amazing community. Every month we see a quarter increase in users. Over the past month, site traffic has increased by more than 30%. We feel supported and believe in what we are doing.

Q: Why would you say the public has responded so positively to MinePlex in its first year?

Cryptocurrency is becoming mainstream. It’s hard to deny. But it is not a means of payment for everyday routines. We’re changing that. We provide new financial instruments and offers that are not available on the market. For example, our users accurately see the price of the PLEX token a week ahead and assess the situation. Or they buy goods without getting into bank loans but using commodity stacking.

Q: What was the thought process behind the results conference in Dubai and can we expect more conferences in the future? 

The idea of the conference was to network with strong industry specialists. We strive for communication and are happy to organize meetings with our community, as well as with opinion leaders in the industry and related fields. The best ideas are always born in communication.

Q: The regulatory environment with regard to cryptocurrency is always changing. How does MinePlex plan to stay on top of it?

We keep our finger on the pulse. We analyze with lawyers the best attitude to cryptocurrency and collect up-to-date information. Now there are a number of countries that are user-friendly to cryptocurrency. For example, Germany, Switzerland, Singapore, Bermuda, etc. It is important to look towards regulation and take into account how and which countries will treat cryptocurrency tomorrow and the day after tomorrow.

Q: Some have credited the influx of investors into the crypto market as being the result of the pandemic. Would you agree?

The pandemic that caused the crisis made investors worry about the safety of their funds. Geographical boundaries do not affect cryptocurrency. This and a number of other factors became attractive to a new stream of investors who saw an alternative in digital assets. Bitcoin has become an asset with a long-term investment that is not going to leave the market.

Q: What can we expect with MinePlex 2.0?

New features, new unique tools. We want to bring cryptocurrency to the level of everyday routine. To do this, we will issue crypto cards without conversion, POS terminals accepting tokens that will connect the seller and the buyer directly. And we are working on the release of a mobile cryptobank, where all the main financial services using cryptocurrencies will be. For users anywhere in the world.

Q: MinePlex made history when it unveiled its eCommerce site for buying products using staking. Are there plans to roll out more features soon?

We are expanding the functionality, scaling the network of sellers and goods. We want to create a large cryptocurrency e-commerce with direct payment for digital assets of any services and goods. We are focused on the daily use of cryptocurrencies along with fiat.

Karikari Daniel is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.