For those of you who were not able to listen into the live stream of the Arbitrade press conference, Blockchain Bullion has outlined the main points in this article. For live stresm recording and additional info visit www.blockchainbullion.io
Speaker 1: Leonard Schutzmann
Leo CEO arbitrade crypto card
Leonard Schutzmann, Arbitrade CEO and chairman, introduces the phone conference discussing how the project first came about. The main points that were covered were:
A brief mention of his career with PepsiCo; spent 30 years at senior and management levels.
Advised that he was approached by a close friend of his to help him with a new startup idea in the crypto and blockchain industry, which has the potential to turn into a multi-billion global dollar business.
He spoke to Troy Hogg who told him his strategy and vision to transform the financial industry. Troy asked Leonard to put together a world-class team, the best experts in the industry with a great track record and international connections, who will be the foundations for the growth of the project.
His motto is to ‘under-promise and over-deliver.’
Has spent most of 2018 building the infrastructure, spending over $15 million in mining, assets, facilities and servers.
Arbitrade now has the capacity in mining to get moving forward.
They are in the process of finishing the exchange software.
They will be doing an ICO in the near future.
Speaker 2: Troy Hogg
Troy Hogg, Visionary of Arbitrade, then follows on from Leonard.
Rumours
He begins by acknowledging the online rumours that have been slandering his name, as well as the website that was created about him:
He mentioned that he was caught up in an online battle with a group of individuals who he had previously criticised publicly online for their wrong-doings.
He doesn’t have the time to focus on it and defend himself against these people.
He will be publishing his own website and blog listing the full list of occurrences of everything that happened with the help of his attorneys, publicists, and agents who are assisting him.
He will also be proceeding with legal actions against the individuals who continue to slander his name.
Arbitrade Exchange
Once the rumours had been cleared up he moved on to discussing the exchange platform that they are working on. He stated:
They have built the most robust system, in the entire crypto sector, using the latest blockchain technology. This will be revealed in early September.
They are building an infrastructure that allows for:
Payment and Merchant services
Trading of cryptocurrencies
interest payments on cryptocurrencies – an ‘all-in-one merchant thinking platform.’
They will insure the entire platform so that everyone including Arbitrade are protected – he announced that they are there for the people.
Full demo has already been seen and it is currently going through beta and bug testing.
It will be revealed at the end of the Summer.
He then announced that they will now be spending all of the summer preparing all legal documentation required to fulfil their licensing with Bermuda for Arbitrade’s ICO
Accomplishments
Next, he went on to discuss the accomplishments they have achieved thus far.
The headquarters at the 7-storey office tower called Victoria Hall, in Bermuda (purchase contracts will be complete over the next two weeks), will create several new jobs in the country. It will be renovated over the summer to accommodate the training of future new employees. All staff will be taught how to handle support and compliance – this is key in the industry, as no trade exchange or merchant service thus far offers multi-lingual phone-in, or direct online, support to traders. The hashtag: #ArbitradeHelp will be used across all social media channels to offer support to users.
In partnership with Scotia International of Nevada (S.I.O.N.) Trading FZE in Dubai, which is one of the only licensed gold traders on the Dubai gold exchange, and whom have a gold mining facility, gold trading facility, inbound asset facility, and trade on open market. They fully support the project and will grant Arbitrade $10 billion of physical gold. Agreements are in place and signed, sitting before him and will be held at Brinks Corporate (the world’s largest cash management company, serving over 100 countries). Troy introduced a representative from S.I.O.N. Trading FZE, who stated:
“We are 100% committed behind and thoroughly ecstatic about what has been put forward to us and the opportunity to be a part of Arbitrade”
Actions Of Thanks To Bermuda
To extend their gratitude to the people of Bermuda, Arbitrade will:
Allow the people of Bermuda the first rights to a pre-ICO position.
Donate $1 million to help refurbish and launch a new state-of-the-art co-working space and incubator for the FinTech center in Bermuda. This donation will be completed early next week.
Donate $45,000 to the Bermudan government to help develop a violence reduction, therapeutic gardening initiative, where-by the government has been given 5 acres of land to be used to teach gang members farming and plant husbandry skills. As well as providing the opportunity for gang members to be paid to work on the chicken farms. Arbitrade will help assist with the development of the most advanced student and young person learning process into the FinTech sector and help them get off the streets and into education.
Donate $30,000 to the active shooter preparedness initiative taught by the FBI at schools and local charities.
Donate $25,000 to the family center initiative, which is a large community project in Bermuda.
Final Words
There will be a lot more news coming out over the next couple of months as Arbitrade moves into new countries, territories and subsidiary licenses to their home domicile in Bermuda.
They thanked everyone and announced they will not be taking any questions today, but will at a later date.
To Listen To The Recording visit www.blockchainbullion.io and go to editorial.
Official press releases to follow soon.
