Renegade aims to make blockchain and cryptocurrency accessible to every average person in UAE
- Last updated: October 26, 2023 | 12:04
Blockchain technology has gained significant attention in Dubai and the wider UAE over the past few years. Dubai, in particular, has been actively exploring various use cases for blockchain technology across various sectors.
Dubai has been at the forefront of blockchain adoption, with the government actively promoting the use of blockchain technology. The "Dubai Blockchain Strategy" was launched in 2016, with the aim of making Dubai the world's first government to implement all applicable transaction processes on the blockchain by 2020.
A relatively new but prestigious company Renegade has come to the forefront in providing the best and simplifying services in the world of finance and cryptocurrencies.
In an exclusive interview with Gulf Today, Renegade’s Daniel shares the future plans and growth prospects in the region.
Interviewer: How would you describe your company and its mission?
Daniel: Our company, Renegade, is all about simplifying the world of finance and cryptocurrencies. We aim to make blockchain and cryptocurrency accessible to the average person, removing the barriers that have made it so complex and intimidating.
Interviewer: Can you tell us more about your company's history and how the idea for Renegade came about?
Daniel: We founded Renegade in a small country called Liechtenstein in 2022. The idea for Renegade had been brewing for over six years. Back then, I was fascinated by the potential of blockchain technology but frustrated by how complex it was to use. I wanted to make it easier for people to understand and use cryptocurrencies.
Interviewer: What sets Renegade apart from other companies in the financial and crypto space?
Daniel: The main differentiator is that Renegade combines traditional finance and crypto services in one app. You don't need multiple apps to handle your finances and cryptocurrencies. We offer a seamless experience, allowing you to buy, sell, and use cryptocurrencies alongside traditional financial services like online banking.
Interviewer: How does Renegade ensure the security of users' funds and data?
Daniel: We have strong security measures in place. For traditional finance accounts, your funds are protected up to 91,000 euros, guaranteed by the European Central Bank. Regarding cryptocurrencies, we've partnered with a company called "DFNS" to provide a unique security solution. It uses biometrics, such as your face, to ensure that your crypto wallet is safe and only accessible by you.
Interviewer: Can you explain how Renegade's Visa card works and how it differs from a traditional Visa card?
Daniel: With Renegade's Visa card, you can spend your cryptocurrencies just like you would with a traditional Visa card. For example, you can buy things in stores, shop online, and pay in cryptocurrencies. The key difference is that it makes cryptocurrency spending as easy as using traditional money, while also offering a rewards program in the form of our version of cashback, ‘crypto-back’.
Interviewer: What are your plans for the future of Renegade?
Daniel: We're focused on aggressive growth and expansion. We want to solidify our position as a leader in this space, particularly in regions like Europe, Asia, Latin America, and the Middle East. Our ultimate goal is to drive mass adoption of cryptocurrencies and blockchain technology by making it accessible and easy to use for everyone.
Interviewer: How do you see Renegade impacting the future of finance and cryptocurrency adoption?
Daniel: We believe Renegade can significantly impact the future of finance by simplifying the use of cryptocurrencies. We want to ensure that people don't have to fully understand the intricacies of blockchain technology to use it in their daily lives, just like they don't need to understand the complexities of traditional finance to use a bank. Our goal is to make it easy, secure, and accessible for all while embracing the digital future of financial solutions.
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