In the recent years, cryptocurrency has demonstrated its value with sky being the limit. From what started as something of a ‘technological experiment’ over a decade ago, the crypto industry today has become a substantial driver for changes in financial markets globally. Cryptocurrency exchanges started as a means that enable crypto enthusiasts to trade digital currency outside the traditional financial system on a decentralized and independent basis.
The success of these platforms allows an unregulated free flow of values across borders and has naturally resulted in interest from governments and regulatory bodies. Crypto exchanges have improvised and enhanced their systems with advancements to meet Anti-Money Laundering (AML) and investor protection requirements.
The early perception of crypto was replaced concerning weakness involving AML, fraud, and investor protection measures. These platforms have brought much-needed innovation and democratisation to a market that was seen as remote and confidential.
Crypto exchanges provide 24-hour, global access to trading platforms with participants from all working categories. They can participate directly through accessing online trading tools. This is where ChangeNOW comes into the picture.
ChangeNOW is a crypto swap exchange service. It provides fast, registration-free, limitless crypto-to-crypto and fiat-to-crypto transactions and offers trading and exchange options for over 350 currencies, including fiat and crypto.
A few years back, these tools were accessible to a limited set of professional investors. ChangeNOW is accessible to anyone who wants to enter the cryptocurrency exchange and trading space.
In an exclusive interview with Insights Success, Mike Ermolaev, Head of PR at ChangeNOW, sheds light on the company’s journey, the current industry scenario, and his opinions on the future of the company.
Please brief our audience about ChangeNOW, its values, and how it is positioned as a leading player in the cryptocurrency exchange space.
ChangeNOW is a non-custodial crypto swap exchange service. Our platform provides fast, registration-free, limitless crypto-to-crypto and fiat-to-crypto transactions. Over 350 currencies, both crypto and fiat, are available for the exchange.
The average processing transaction time is around two minutes. The company’s core value is its reliability. We do everything to protect our customers against fraud and provide complete anonymity and security. ChangeNOW operates on the principles of mutual trust, transparency, and continuous improvement.
The platform is more than just an instant exchange service as it has built a great ecosystem with many different crypto products. ChangeNOW also has its native coin, NOW token, a hybrid based both on the Ethereum blockchain and Binance Smart Chain (as we were the first token launched with Binance mainnet).
By building a large ecosystem, remaining honest and transparent with the customers, and constantly upgrading its services, ChangeNOW is becoming one of the most up to date all-in-one crypto platforms. That is how the company is different from other services and currently stands as one of the leading crypto exchange solutions.
What solutions and services does ChangeNOW offer, and how are these impacting the cryptocurrency exchange space and your clients?
At this point, ChangeNOW supports almost three hundred crypto and sixty-four fiat currencies for exchange. No sign-up is required to conduct a transaction, but our registered users have access to a wider range of features such as loans and the upcoming cashback feature.
The ChangeNOW ecosystem includes a mobile exchange app for both iOS and Android, Telegram Bot, Token Swaps, NOW Payments, NOW Nodes ‘a crypto portfolio tracking tool,’ NOW Tracker, and most recently released NOW Wallet.
We hope that such an array of crypto services at our one-stop platform will make digital currencies more accessible, safe, and easy to use.
Share your opinion on how modern technologies have transformed the crypto space, and what more could be expected in the near future?
Perhaps, NFTs are one of the most powerful concepts to emerge from blockchain technology recently. They have proven to be attractive in other industries beyond the digital world like art, music, gaming, and others.
Meanwhile, DAOs, internet communities with a shared bank account that rely on blockchain technology and smart contracts, are seen to become the next big trend in the crypto space. Play-to-earn blockchain games, as well as metaverses, are also becoming increasingly popular.
The recent wave of mainstream, institutional investment in crypto is a sign that we are not so far off from an overwhelming adoption of crypto and that it will continue to transform the traditional financial system into something absolutely new.
Considering the current pandemic and its impact on global economies, how are you driving ChangeNOW to sustain its operations and ensuring the safety of your employees at the same time?
It has actually been pretty easy for us. Since our team is very decentralized, with approximately one hundred employees all around the world, basically everybody could continue working the same way as they did before the pandemic.
The company tries to create an utterly comfortable and friendly work environment with flexible hours. Our team is a family that all share the same mission and are inspired by what they do, choosing to work wherever and whenever it is convenient for each employee.
ChangeNOW makes sure that everybody in our team maintains work and life balance, by giving the team a sufficient number of sick days, vacation, maternity/parental leave, etc.
So, luckily, our company’s flow has not been affected much by the pandemic, but we still hope that life goes back to normal soon and everybody stays safe.
What would be your advice to budding entrepreneurs aspiring to venture into the crypto space?
The crypto industry is new but still is rapidly changing, and all newcomers are welcome. So, if you have a fresh and unusual idea for a crypto start-up, even if it seems crazy, we encourage you to try as it might turn into something big.
It has happened so many times in the crypto space already: even seemingly absurd projects can become dominant trends. The important thing is, to be honest, rational and at the same time alert. The most prominent success comes to those who work hard and pursue their path steadily and fairly. And think big!
How do you envision scaling ChangeNOW’s operations and offerings in 2022?
Here at ChangeNOW, we always strive for constant improvement and expansion of our ecosystem. By creating new products and adding new features we bring our platform to a wider audience.
Recently, ChangeNOW has announced the release of its own portfolio tracking tool, NOW Tracker and NOW Wallet. Some of our plans for the end of 2021 and the beginning of 2022 include the launch of a cashback feature, NOW Broker, and custody service.
Our goal is to make our platform an ecosystem where users can find any crypto solutions they need. We should also mention that we do not only try to create as many products as we can but also constantly enhance and adjust our existing services according to our customers’ feedback and community needs. That is exactly what we will keep doing in 2022.
An Adept Leader
ChangeNow’s Head of PR, Mike Ermolaev, has worked in PR since 2010 and has been in the crypto industry since 2017. Before joining ChangeNOW, Mike functioned as the Head of PR and Content at Future Comes, Head of PR at ADS Base as well as a co-founder and CCO at Tópos Digital Communications Agency.
Mike has experience of working with some of the largest crypto media and news outlets, having overseen the publishing of over eight hundred texts related to the use of digital money.
After taking part in numerous crypto projects, Mike can now use his valuable knowledge, skills, and experience at ChangeNOW where he takes on the role of Head of PR. As one of the most remarkable PR leaders in the local crypto community, Mike was very welcome when he joined ChangeNOW. Since then, he contributed greatly to the development of the platform.
ChangeNOW has established many successful partnerships recently, published numerous crypto texts and continues to improve according to customers’ feedback. The team is positive that thanks to his outstanding PR strategies, Mike Ermolaev helped the company to achieve new levels in the industry and spread the news about us.