cryptocurrency investment platform. In fact, it’s Latin America’s largest cryptocurrency company, period. And he’s on a mission to make it a top five global one by 2020.” data-reactid=”27″ type=”text”>Rodrigo Marques is the CEO and founder of Atlas Quantum, Latin America’s largest cryptocurrency investment platform. In fact, it’s Latin America’s largest cryptocurrency company, period. And he’s on a mission to make it a top five global one by 2020.
Web Summit in Lisbon to find out more about his company, his personal take on the importance of access to financial instruments–and why he believes that Atlas Quantum can take on the world.” data-reactid=”28″ type=”text”>I caught up with Rodrigo at Web Summit in Lisbon to find out more about his company, his personal take on the importance of access to financial instruments–and why he believes that Atlas Quantum can take on the world.
Blockchain Technology to Help the People
It’s easy to look at a financial services company and assume that the founders care only about creating wealth. But that’s not the case with Rodrigo. He’s a software engineer who also has a financial background, working for Brazilian banks and the Bovespa (Brazil’s stock exchange).
He got into Bitcoin all the way back in 2010 and saw an opportunity for the technology to cut out intermediaries–specifically, in the coffee production industry.
“It was a huge opportunity,” he explains, eyes blazing, “there are about 100,000 families that depend on coffee production and they receive like $2 for a bag of coffee. Then there is the other side like Nestle and Starbucks that pay $20. In the middle, there are 4-5 intermediaries taking all these profits. I saw this chance to make a commodity exchange that could make it transparent for both sides so they could meet openly on this market.”
“The plan was to make prices available in local currency, dollars, and bitcoin. But what happened is that those intermediaries that work in Honduras…” he pauses for a moment, trailing off as his eyes mist over…
“Well, they were also criminals. Some producers that sold coffee to us, to be able to sell to Nestle and Starbucks, these guys went down and burned their farms.” There’s a short silence again before gathers himself and says, “So it didn’t work out.”
Shaken but undeterred, he returned to his homeland of Brazil to think of another way to combine his knowledge and skills. He wanted to help people with this technology. “That’s where I arrived at Atlas Quantum,” he says.
Investing, Rather Than HODLing Your Bitcoin
I ask Rodrigo to tell me a little about his company and how exactly people invest their bitcoins. He says, “We believe in making wealth through cryptocurrencies and we have two types of products. The first product is Atlas Quantum. The only way to invest is with bitcoin and when you withdraw, it is with bitcoin.
The other product that’s just for Brazilians is OTC, whereby you pay with Brazilian reals and you can buy bitcoin and you can withdraw in reals or bitcoin.”
Our main premise is that real people don’t need to know exactly how finance works and they don’t want to know how finance works–but they still want to have access to financial products. That’s why what we do is put all that work in the hands of specialists who really know what they’re doing, so people can just invest and monitor their investment.
Under the hood, we take those bitcoins and through automated strategies, especially through arbitrage, we discover price points where it’s better to sell and buy at the same time.
Yeah, every day they receive a report with their profits in bitcoin.
Well yes, it’s important to say that it’s possible to lose with any kind of investment, it’s not a guaranteed investment. The volatility associated with bitcoin is all part of the normalization of a still immature market. But usually, with arbitrage, it’s a really safe bet and we’ve been able to provide profits again and again for almost two years.
several outlets have been quick to label it a “scam.” To be fair though, in the crypto world, being labeled a scam is pretty much a rite of passage.” data-reactid=”65″ type=”text”>It’s also important to note here that not everyone is in agreement with Rodrigo’s sentiment about arbitrage being safe. In fact, several outlets have been quick to label it a “scam.” To be fair though, in the crypto world, being labeled a scam is pretty much a rite of passage.
But still. It seems that using a trading bot to crawl the spread between exchanges to ensure continued profits in a bear market is something the crypto community has heard of before. And not in a good way. Something about a company promising 50.57% returns in a year rings the alarm bells for even the rookiest of traders.