Omar C is the CEO of ZB.com. He worked in the telecom industry and shifted to blockchain and crypto after more than 10 years. He will be speaking at the upcoming World Blockchain Summit in Dubai.
The CoinQuora team asked Omar questions to help us get to know him, what they do at ZB.com, and to tell us some things about his thoughts on the industry. Without further ado, here’s the interview.
Q. Please give us an introduction of yourself. What’s your background?
Hello, everyone. I’m Omar, currently is ZB.COM CEO from 2020, ZBG ex-CEO and Co-Founder. Before I joined the crypto world, I worked as a software engineer in Ericsson, then worked overseas for 10 years in Huawei, and also became a co-founder of one Venture Capital.
Q. How did you get into cryptocurrency? What’s your motivation?
When I worked in Huawei overseas, I lived in different regions, including the Middle East, North Africa, Europe, and Southeast Asia. After returning to China to obtain the fund qualification, I did a short period of VC/PE entrepreneurship. However, I found that traditional companies need to go through multiple rounds of fundraising to be listed via IPO, and the blockchain industry was in a big bull market at that time, especially in the second half of 2017. At that time, many companies successfully raised funds through blockchain. I found that the blockchain technology can effectively help the development of many entity enterprises, so I decided to devote myself to the blockchain industry and met ZB by chance to do pioneering work of ZBG. I worked with my team to witness the rapid growing up of ZBG.
Q. How did you start with your current company? Could you tell us about the business?
At the beginning of 2020, ZB added the strategic investment of ZBG and BW and concluded the acquisition of two independent exchanges. With M&A done, I moved to ZB.com and have been in charge of the ZB group until now.
ZB group was founded in 2012 with the goal of providing leadership to the blockchain development space and today manages a network that includes digital assets exchanges, wallets, capital ventures, research institutes, and media. The Group’s flagship platform is ZB.com, the industry-leading digital asset exchange. ZB Group also includes ZBG – the innovative crypto trading platform, and BW.com, the world’s first mining-pool-based exchange. Other holdings include wallet leader BitBank, as well as ZB futures and Smart Chain. Charitable endeavors and industry leadership are led via ZB Labs, ZB Capital, and the ZB Research Center who embody the core values of ZB Group.
Q. What would you say is the unique selling point of your company? What makes it different from other blockchains/crypto businesses?
The platform launched in early 2013 and boasts one of the world’s largest trading communities with 15+ million user-base. There is a unique Built-in Social System on the ZB APP that provides help for the incubation of various applications.
With a long history based on security and a large East Asian user base, the differentiated values are as follows:
- Users communicate freely in the ZB community.
- Blockchain projects easily spread the brand in the ZB community.
- Faster OTC transactions for deposits and withdrawals.
- Diversified resources help to reduce operating costs.
Q. What do you personally think about current crypto market trends?
As we all know, although the price of Bitcoin fluctuates wildly, there are certain rules to the trend of price fluctuations. The rules that supply crisis and demand growth of Bitcoin are the laws of price fluctuation. If all goes well, we will see more than 100 million bitcoin users worldwide in the next 2-3 years. After 2025, bitcoin will rapidly spread around the world, similarly to the development model of the early World Wide Web.
Q. Please share your thoughts on the future of Blockchain technology and Fintech evolution.
When more and more people use blockchain technology, especially with IOT and 5G mature infrastructures incoming, the globally decentralized economics will be on display everywhere. The world will be more free with crypto.
Q. Do you have anything specific to share about your projects?
ZB group has invested in DEX.io. This is a smart chain project with 2 years of continuous IDO to benefit the whole DEX and ZB Ecosystem, especially for any GameFi, Metaverse. We are looking forward to launching the DEX.io at the end of Oct.
Q. How does it feel to be a part of the Dubai Blockchain ecosystem by taking part in the 19th Edition of the World Blockchain Summit in Dubai on Oct 13-14?
I am happy to see that Dubai is poised to become a crypto hub of the world. It is a wonderful summit.