Tae-Lim Oh, CEO And Founder Of Gluwa–Buy, Sell, And Pay With Bitcoin Without Worrying About Volatility
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 31 October 2017
⏱️ 22 minutes
🧾️ Download transcript
Summary
Gluwa is a platform that enables its users to buy and sell Bitcoin using fiat currency, and to use Bitcoin for payments, without worrying about price volatility. Buyers are connected through Gluwa to investors who are willing to loan their Bitcoin to others, to be repaid with interest. Because buyers don't actually own the Bitcoin they are using, they are protected from market volatility–that risk is entirely for investors who provide the Bitcoin to others. Most users have no desire to invest in Bitcoin, and are using it temporarily, making it ideal for the casino market in Asia. Gluwa is currently available in South Korea, and is working on expanding to the US by the end of 2017. In the future, Gluwa also hopes to connect investors in countries with large amounts of capital and negative interest rates to emerging economies with low capital and high interest rates, and ultimately to bring Bitcoin to emerging economies as a stable and sustainable currency.
For more information, visit www.gluwa.com.
Transcript
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| 0:00.0 | The Bitcoin, Ethereum, and Blockchain Super Conference is coming to Dallas, Texas, February 16, 17, and 18 in 2018. |
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| 0:41.4 | That's Bitcoin superconference.com. |
| 0:45.4 | Welcome to Almost Here, Round the Corner of Future Technology Podcasts with Richard Jacobs. |
| 0:51.7 | Future Technologies always to transform our lives for better or worse |
| 0:55.3 | for the focus of this podcast. Almost here means these technologies are now here and starting to be |
| 1:01.1 | used or just around the corner. From Bitcoin to artificial intelligence, 3D printing, blockchain, |
| 1:07.9 | virtual reality, and more. |
| 1:14.2 | Hi, this is Richard Jacobs with Future Tech Podcast. |
| 1:21.6 | My guest today is Tay Lim O, CEO and founder of glua, g-l-U-W-A.com. |
| 1:23.0 | Hey, how are you doing today? |
| 1:24.0 | Hi, Rochia. |
| 1:24.7 | How are you? |
| 1:25.8 | Oh, good, good. |
| 1:29.3 | Yeah, so let's jump right in. Tell me about glua. What do you guys do? Right. So, glua is basically a connection between a fiat currency ecosystem to a cryptocurrency ecosystem. |
| 1:37.3 | So using a repurchase agreement, in financial term, we usually refer to as a repo. |
| 1:50.1 | We create a side chain on top of Bitcoin blockchain and let people use cryptocurrency in this case, which is Bitcoin and fixed exchange rate. |
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