AMA Recap with Troy Denia, COO at BitCashPay

Date: Aug 24, 2021

Time: 1:00 PM UTC

Venue: https://telegram.me/unifarm

Host

  • Srikanth Kishan, Telegram Head at UniFarm

Speakers

  • Troy Denia, COO at BitCashPay

UniFarm AMA with BitCashPay

Srikanth Kishan || WILL NEVER DM FIRST, 

It is a pleasure to have with us the COO of BitCashPay-Troy Denia for an AMA here!

Hello @BCPDerek, Welcome to UniFarm Community πŸ‘‹

BitcashPay Derek, 

Thanks, mate. It’s a wonderful time to be here.

Srikanth Kishan || WILL NEVER DM FIRST,

[In reply to BitcashPay Derek]

Thank you for joining us today!

BitcashPay Derek, 

[In reply to Srikanth Kishan || WILL NEVER DM FIRST]

Thanks for having me here. πŸ‘Œ

Srikanth Kishan || WILL NEVER DM FIRST, 

Great …😊We are good to go now!

So before moving forward with our AMA questions, 

Can you please introduce yourself @BCPDerek to the UniFarm Community?

Would love to hear more about your background and stuff πŸ”₯

BitcashPay Derek,

Yes.

My name is Victor Denia, but people call me “Troy”. I am the current COO of BitCashPay and my role is generally to be an overseer of the project. As you may have reviewed, BCP has lots to offer and so we have to be very careful every step of the way. My background is in health service, not really related to crypto, but I come across cryptocurrency in 2017, mid-year. I had the opportunity to experience the Bullrun firsthand and studying blockchain in general shed new light on me as for my understanding of finances. Right now, we are currently busy with BCP activities inside the team with lots of different potentials in the future.

Srikanth Kishan || WILL NEVER DM FIRST, 

[In reply to BitcashPay Derek]

Wow, a move from the Health Service to Crypto is something very rare to happen.

And Crypto is a space for everyone 😍πŸ”₯

BitcashPay Derek,

[In reply to Srikanth Kishan || WILL NEVER DM FIRST]

Definitely

Srikanth Kishan || WILL NEVER DM FIRST,

[In reply to BitcashPay Derek]

so let’s jump in with the moderator questions. I am sure this AMA is going to be a splendid one πŸ₯³

BitcashPay Derek, 

[In reply to Srikanth Kishan || WILL NEVER DM FIRST]

Let’s do this.

Srikanth Kishan || WILL NEVER DM FIRST,

[In reply to BitcashPay Derek]

Here is the first one 😊

1. It is very interesting to see BitCashPay among the very few ALL IN ONE DEFI PROJECTS, can you briefly explain the services offered by BitCashPay to the users?

BitcashPay Derek, 

BCP has a lot to offer. From financial services to staking, DEX, fiat to crypto conversion, Crypto Academy, Crypto Bank.  The plan is to reach out to many unbanked sectors that have limited reach of financial transactions that a normal banked person would have. So the services to be offered is actually depending on the community and trend in the market, aside from the general ones.

Srikanth Kishan || WILL NEVER DM FIRST, 

[In reply to BitcashPay Derek]

That is a great bouquet of services by BitCashPay πŸ”₯

BitcashPay Derek, 

[In reply to Srikanth Kishan || WILL NEVER DM FIRST]

Thanks. All is in the process as we speak.

Srikanth Kishan || WILL NEVER DM FIRST,

[In reply to BitcashPay Derek]

All the services are really exciting  😍

2. What is BCP Crypto Bank and can you share some interesting features about this concept?

BitcashPay Derek, 

[In reply to Srikanth Kishan || WILL NEVER DM FIRST]

Crypto Bank is just another bank in the market. Any transactions we are doing in a traditional bank, we can do it in a  crypto bank. This could be considered to be a very long-term project since it is subject to the Academy we will also be building. One amazing feature we can all imagine at the moment is the borrowing and lending feature of this Crypto bank with or without cryptocurrencies as your collateral.

done

Srikanth Kishan || WILL NEVER DM FIRST, 

[In reply to BitcashPay Derek]

I see it as a bank that will be more transparent than the traditional banks πŸ₯³πŸ˜„. 

Excited to see how it works 😊πŸ’ͺ🏼

BitcashPay Derek, 

[In reply to Srikanth Kishan || WILL NEVER DM FIRST]

Exactly.

Srikanth Kishan || WILL NEVER DM FIRST,

Now moving on to the next question 😊

3. I am personally excited about the All-in-one wallet 2021 from BitCashPay and would love to hear about its features from you.

BitcashPay Derek,

[In reply to Srikanth Kishan || WILL NEVER DM FIRST]

As the name implies, it’s an ALL-IN-ONE wallet. We are currently under development still of the app. In the future, we can see the app having features like bills payment, fiat cash-in/cash-out, bank transfers, buy loads, purchase fast food and other utilities, and crypto-like features like storage, transfer, and access to DEX, staking, etc. The app itself is tailored to fit the needs of the communities here locally and we’d be updating it from time to time of its features depending on the countries we’ll be working with.

done

Srikanth Kishan || WILL NEVER DM FIRST,

Lot more stuff from your guys, a Great team, and great features😍

4. We always believe that crypto education is the key to increasing crypto adoption. So, what is your vision to promote crypto education?

BitcashPay Derek,

It’s a long road ahead but we’ll surely be there.

Srikanth Kishan || WILL NEVER DM FIRST, 

[In reply to BitcashPay Derek]

we are always happy to be a part of your journey. πŸš€

BitcashPay Derek, 

[In reply to Srikanth Kishan || WILL NEVER DM FIRST]

This one is very exciting. In the future, we’ll have an Academy built for the interest of both old and new crypto enthusiasts. This will not be done until we have the full support of the community we’ll be in. Crypto education is very important as we also try to educate the masses especially with scammy projects out there. I believe that those who are in the industry have something great to contribute to their own community especially that we may have some culture or language barrier. These individuals from their own community will be the bridge for information dissemination to the masses, and altogether, we’ll be working towards the same goal.

This is something that the community itself has a huge part to take in.

done

Srikanth Kishan || WILL NEVER DM FIRST,

[In reply to BitcashPay Derek]

Strongly agree with you and crypto education is the one that drives crypto adoption. Kudos to your Academy plans πŸ”₯πŸ”₯

Final question from my end πŸ˜„

5. It has been an amazing experience to get a chance to know about your product. Now I am really keen to know about BitCashPay and its future roadmap. Would you like to share it with our UniFarmers?

BitcashPay Derek, 

[In reply to Srikanth Kishan || WILL NEVER DM FIRST]

Our current roadmap is undergoing an update. We’ll be glad to share it here once we have the details up.

But so far, we have been on time with our timelines. We had a few adjustments made according to the market sentiments but the overall developments have not stopped. Proud to say, we have gotten licenses in the Philippines to operate and we’ll surely have more legalities arranged in the future.

Srikanth Kishan || WILL NEVER DM FIRST,

[In reply to BitcashPay Derek]

That’s wonderful and congratulations on the Licenses in the Philippines. 😊

Now moving towards the Second Part of the AMA – Twitter Questions

@BCPDerek, Please pick 5 questions from the Twitter comments and answer them here 😊

BitcashPay Derek, 

Still choosing some questions

I’m curious about the name  “BitCashPay”. Why did you choose this name? Can you explain to everyone the meaning behind the name “BitCashPay”?

Srikanth Kishan || WILL NEVER DM FIRST,

[In reply to BitcashPay Derek]

Wow, this is a good question πŸ˜…

even I haven’t thought of this question πŸ™ˆ. Would love to know the answer now

BitcashPay Derek, 

The idea from this project came around 2019 when the CEO is starting his online crypto lending, bank. He was already acquainted with cryptocurrency as far as  2014 if I remember correctly and he envisions that the same services offered by bitcoin be offered in every country. The Philippines, where we are, have very limited numbers of people who have bank accounts and I believe it’s one of the major hindrances to some people to start their own business. Getting the name from “bitcoin”, coining it with “cash” and having it used for “payments” ( as initially have been thought of), brought to its name BitCashPay. I believe it’s something more than that as we can understand from today’s AMA, BCP is more than cash payments. Evolving under the umbrella of blockchain technology, BCP has to come up with its own ways to develop and improvise as well.

I care about incentivization, what incentives are in the BitCashPay ecosystem for users and ecosystem providers, so Why should I use BitCashPay? Let me know more about you.

We currently have our staking programs, which started during the supposed short-term bear periods, while most of it ended already and it was a huge success for all stakers and an advantage given the rewards received.  We also have something in the pipeline that we’d be sharing soon, this in regards to our NFT game included. Plus we have our burning mechanisms which will reduce the supply in no time. We have plenty to discuss here but we’d rather show you the results and not just mere words. It gets better every day. πŸ‘Œ

How will you plan to build partnerships with local cryptocurrency developers and local projects in each country to make the use of the token more global like investors from India, Indonesia in these countries?

This is a wonderful question as it invites adoption at a local and international level at the same time.

Srikanth Kishan || WILL NEVER DM FIRST, 

[In reply to BitcashPay Derek]

And I am sure the answer would add more users to the BitCashPay ecosystem 😊

BitcashPay Derek,

We’ll be building partnerships with local cryptocurrency developers and projects as we tap them through our Crypto Academy and community. As you can see with all other projects right now, they have been trying to enter local grounds with less community effort. This we think could eventually lead to failure. We’d love to tap the local community as they are the energy drive for crypto adoption. The necessities we see daily in our own communities can be seen as an opportunity to adopt blockchain in general as means of an easier, faster, and more secure way of transactions. BCP will make sure that we’ll have different sectors of the community with us as we discuss such developments. These will be exciting times ahead of everyone.

One good example we can set is what’s happening right now in  El Salvador, where “bitcoin” has been a legal tender and is making people’s lives easier and more convenient. Many people might find this unnecessary but it is the truth we are leaning forward to.

Can you list 1-3 killer features of Your Project that make it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about??????

As the name implies, we are featuring more services than other projects. This reality may come in a while as we are very tight in security and developments and we plan to make sure that every detail is in and everyone needs to be catered to. I don’t think there are many projects out there that have an NFT game, in-app fiat transactions, exchange, and launchpads at play. Add to that is the Academy and Bank as one of the ultimate goals.

BitcashPay Derek,

We believe that adoption will be hastened with our joined efforts.

Q.: Security is very important to all projects, so can you tell us how secure “BitCashPay ” is special? Is it really safe for users?

Srikanth Kishan || WILL NEVER DM FIRST, 

[In reply to BitcashPay Derek]

Interesting question πŸ˜ŠπŸ˜‡

BitcashPay Derek, 

Security is one aspect of a good project. Having a decentralized feature makes it a good structure free of bias and control. To start with, we have acquired and are still in the process of acquiring licenses to grant us permission in our own country. This will secure users of their funds with its aid. Another option is an outside the wallet, a decentralized one, which we do not have control over. As we move further with our development, we plan to acquire security checks with 3rd party projects/companies that will help us strengthen our security.

done

Srikanth Kishan || WILL NEVER DM FIRST, 

That’s a splendid session with Twitter Questions 

Now moving to the final session and this is really exciting for me πŸ₯³

@BCPDerek please ask 5 questions about BitCashPay and pick the winners with correct answers. 

Let us ask one  question each time and wait for the answers

The floor is all yours @BCPDerek πŸ˜„

BitcashPay Derek, 

Let’s start with some no-brainer questions first. πŸ‘Œ

Srikanth Kishan || WILL NEVER DM FIRST,

Hey Unifarmers time to test your knowledge about BitCashPay

BitcashPay Derek, 

What is the meaning of COO and what is the general job description?

Srikanth Kishan || WILL NEVER DM FIRST, 

well unmuting the group get ready to answer unifarmers

BitcashPay Derek, 

is it one by one?

Srikanth Kishan || WILL NEVER DM FIRST, 

[In reply to BitcashPay Derek]

yes 😊

BitcashPay Derek,

Alright

Sen, 

The chief operating officer (COO) is a senior executive tasked with overseeing the day-to-day administrative and operational functions of a business

BitcashPay Derek

[In reply to Sen]

It’s actually Chief Operations Officer but this one will do. I like the answer and it’s the first one.

Srikanth Kishan || WILL NEVER DM FIRST, 

Now time for the second question 😊

BitcashPay Derek, 

2. What feature of BCP do you think will enable a faster crypto adoption in a local community setting and why?

Srikanth Kishan || WILL NEVER DM FIRST, 

Get ready guys

Cedee Locus, 

Exchange from FIAT to CRYPTO and vice versa.

BitcashPay Derek, 

[In reply to Cedee Locus]

This one. Although there are no explanations that followed, I think it is very important to have a liquid asset at the same. Most investors are afraid to involve their money because of this and a fiat – crypto conversion will provide them assurance at a higher level.

BitcashPay Derek,

Ready for the 3rd question?

Srikanth Kishan || WILL NEVER DM FIRST, 

[In reply to BitcashPay Derek]

Please shoot πŸ˜„

BitcashPay Derek, 

What 3 specific words are the etymology of BitCashPay.

Srikanth Kishan || WILL NEVER DM FIRST,

are you ready UniFarmers ??

Cedee Locus, 

Bitcoin Cash Payments

Srikanth Kishan || WILL NEVER DM FIRST, 

[In reply to BitcashPay Derek]

Alright 😊 now the 4th question πŸ₯³

BitcashPay Derek,

What 2 agencies of BCP features will help build partnerships from developers and local projects.

Nani_C4, 

[In reply to BitcashPay Derek]

Crypto academy and your own community

BitcashPay Derek, 

[In reply to Nani_C4]

This is the perfect answer πŸ‘Œ

Srikanth Kishan || WILL NEVER DM FIRST, 

[In reply to BitcashPay Derek]

wow this was a lighting fast pick

BitcashPay Derek,

The Academy and community will work together towards a specific goal for their local community development.

Srikanth Kishan || WILL NEVER DM FIRST, 

[In reply to BitcashPay Derek]

Exactly πŸ˜„

Srikanth Kishan || WILL NEVER DM FIRST, 

Now get ready for the final question UniFarmers πŸ’ͺ🏼

BitcashPay Derek, 

What BCP feature would you love to have in your own country and why?  I will choose on the answer towards real-life community improvement.

Srikanth Kishan || WILL NEVER DM FIRST, [24.08.21 20:30]

@BCPDerek time to pick the winner πŸ˜„

BitcashPay Derek,

Still reading through πŸ‘Œ This last question is hard.

Harder to pick than I thought 😁

Srikanth Kishan || WILL NEVER DM FIRST, 

[In reply to BitcashPay Derek]

Take your time πŸ˜‚πŸ˜‰

Jeon, 

[In reply to BitcashPay Derek]

Universal Cash-in or Cash-Out in Different Banks of ATM in the Philippines without surcharge

Srikanth Kishan || WILL NEVER DM FIRST,

Congratulations @cliffhangeer πŸ₯³

Well, the community round was really Amazing!

Got to know a lot about the BitCashPay and their upcoming milestones

BitcashPay Derek,

We all have our fair share of fiat experience disappointments and we can bring it forward to a better decentralized platform where all of us benefit as one community

Thanks everyone for having us here. It’s been truly a pleasure.

Srikanth Kishan || WILL NEVER DM FIRST,

Please Share the Socials with our Community @BCPDerek

BitcashPay Derek,

πŸ”»THIS ARE THE ONLY OFFICIAL LINKS OF BITCASHPAY πŸ“£

πŸ’¬β€” Official Telegram: https://t.me/bitcashpayofficialgroup

πŸ’¬β€” Official Telegram Price Channel: https://t.me/BCPPriceChat

πŸ“’β€” Official Announcement Channel: https://t.me/bitcashpayofficialANN

πŸ’¬ β€” Official Discord Channel:

https://discord.gg/MGhV7HSp

πŸ”»”YOUR WALLET, YOUR RESPONSIBILITY, 

BE AWARE AND AVOID TO GET SCAMMED”πŸ”»

BitcashPay Derek,

Also follow us on twitter (https://twitter.com/Bitcashpay1)

Srikanth Kishan || WILL NEVER DM FIRST, 

Hey my lovely Unifarmers great questions guys…

Don’t forget to join https://t.me/bitcashpayofficialgroup  for any further questions about the PROJECT. πŸ’ͺπŸ™ŒπŸ™Œ

Srikanth Kishan || WILL NEVER DM FIRST, 

Thank You @BCPDerek for making this session so interactive πŸ₯³πŸ€

BitcashPay Derek, 

Thanks a lot mate. We are all in this together!

Srikanth Kishan || WILL NEVER DM FIRST, 

With this, we will end today’s AMA with the BitCashPay team.

This was interesting!

Thank You Everyone πŸ˜„

Unmuting the group !!

Here’s the word for you.

a. exist


UniFarmΒ is a one-of-a-kind staking solution where the best projects in DeFi space come together to provide value to investors. UniFarm allows you to stake one token but earn multiple high-value tokens, so in addition to a great APY, your returns are automatically diversified as well.

3 Replies to “AMA Recap with Troy Denia, COO at BitCashPay

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