Fintech Impact

Host Jason Pereira talks to Michael Stroev. He is the COO and Head of Products for Nebeus. The company is an online platform that allows people to borrow, transfer and rent cryptocurrencies.

Episode Highlights:

• 00.35: Michael introduces Nebeus as a learning platform that allows people to earn cryptocurrencies and get loans.
• 2.14: Michel says he works on every single aspect of the company in terms of a COO.  
• 3.55: Jason inquires, “What is the core value-proposition of Nebeus?”
• 4.04: Michael explains Nebeus is an ecosystem of products. He adds “Our main products are launched, we have all the other products that are gone with launch, allowing our users to not leave Nebeus from any of their needs.” 
• 4.48: Michael shares they have also added crypto-insurance to Nebeus where people can insure their cryptocurrencies with a $100 million insurance policy from Lloyd London.
• 6.00: Jason explains “Nebeus crypto-insurance is not like protecting you from market loss but protecting from things that can go wrong with the institutions you are dealing with.”
• 9.50: Michael says, “Our goal is to help users to keep their cryptocurrencies and their investments and not get margin calls and not get their assets liquidated, but it may happen.”
• 10.30 Michael says it’s on users to choose what they want, and it’s on us to educate users to make the right choices and understand what they are doing.
• 11.15: Jason asks, “How crypto renting works?” 
• 11.20: Michael answers, “Crypto-renting is similar to crypto-savings account. People can deposit funds in crypto-renting programs, and they earn a certain percentage for APY per year.”
• 14.10: Michael points out “Revolut allows you to send money to friends and colleagues for free, and we are doing the same with crypto.”
• 14.31: Jason is curious to know “What Nebeus is doing on the Fintech side?”
• 15.45: Michael says, “We have supercharged transfers technology that requires technical partnership with a company called Wolves. Here people can top-up and add funds to their new basic accounts by technology that cash directly from the bank account and transfer it to Nebeus.”
• 16.27: Jason affirms, “You are doing everything that a bank does, in the Crypto realm.”
• 17.45: Michael adds, “We are launching Nebeus for institutions; so, it’s the same product crypto collateralized lending for institutions, and one can get a loan for primarily reinvesting purpose.” 
• 19.00: Michael says, “We don’t have iOS and Android apps. We started with the desktop dashboard functionality first, and I will probably do it the other way around. Internet is primarily a mobile today, so it makes sense to build app first and do the stuff.”
• 20.30: Michael reiterates “Building trust is the key at financial sector and that in return will bring us more users.” 
• 22.12: Michael loves building products. He says that “I love clearing concepts, I love seeing those things come to life, I like forecasting and strategizing the future of all these things.”

3 Key Points:

1. Michael says he joined Nebeus as the Head of Products; Sergey Raomanovskiy was the founder of Nebeus back in 2014. When Nebeus was founded, it was a PHP learning platform and went through multiple alterations to become what it is today.
2. Jason and Michael talk about Nebeus banking facilities, its costs to the consumer, and general structure. Nebeus have two loan options one is a quick loan, and the second is a flexible loan.
3. Jason and Michael discuss about transfers. Jason asks, “Is it a standard paper crypto wallet or is it beyond crypto wallet?” Michael answers, “It is a standard type of crypto wallet although we do have a whole variety and fintech service associated with that crypto transfer can easily send, receive, deposit and stock funds.”

Tweetable Quotes:

• “Building trust is the key at the financial sector, and that in return will bring us more users.” – Michael Stroev
• “Nebeus for institutions is a same product crypto collateralized lending for institutions and one can get loan for primarily reinvesting purpose.” - Michael Stroev
• “We have supercharged transfers technology that requires technical partnership with a company called Wolves.” - Michael Stroev
• “You are providing a point of sales solution, which makes a lot of sense.” - Jason Pereira
• “Everything is Crypto is for exchange.” - Jason Pereira

Resources Mentioned:

• https://nebeus.com/
• https://www.linkedin.com/in/mstroev/
• https://uk.advfn.com/crypto/Wolves-Of-Wall-Street-WOWS
• Facebook – Jason Pereira’s Facebook
• LinkedIn – Jason Pereira’s LinkedIn
• Woodgate.com – Sponsor
• LinkedIn – Jason Pereira’s LinkedIn
• Podcast Editing