[TH] ZIPMEX Press Conference 2021 | Marcus Lim

Summary

Marcus Lim, co-founder of Zipmax, introduces the company's mission to democratize access to financial services. Launched in 2018, Zipmax has expanded rapidly with innovative products like a crypto credit card and an NFT marketplace. Lim highlights the potential of the crypto market, which is expected to grow from $2 trillion to $5 trillion in five years. He emphasizes the importance of trust, security, and regulatory compliance in building a safe digital ecosystem for users to invest, save, and transact, aiming to empower individuals to take control of their financial futures.

Takeaways

• 🌐 The company ZipMax aims to democratize access to financial services by breaking down barriers like geographic location and traditional banking requirements.
• 💼 Marcus Lim, the founder of ZipMax, has a background in entrepreneurship and a vision for a decentralized economy that is not based on birthright but merit.
• 🚀 ZipMax was founded in 2018 and has rapidly expanded its product offerings, including interest-bearing accounts, an NFT marketplace, and the first crypto-based credit card in Asia.
• 💡 Marcus Lim's introduction to cryptocurrency was through Bitcoin mining in 2013, sparking his interest in the potential of digital assets.
• 📈 The crypto market is currently valued at 2 trillion USD and is expected to grow to 5 trillion USD in five years, indicating mainstream adoption and growth.
• 💰 ZipMax is positioning itself to take advantage of the crypto boom in the Asia-Pacific region, focusing on trust, regulation, and security.
• 🛡️ The company works closely with regulators and educates users to build trust and overcome fears associated with the unknown aspects of crypto.
• 🔒 ZipMax emphasizes the importance of security, with legal compliance, partnerships for insurance coverage, and continuous platform fortification against hacking.
• 👥 The ZipMax team consists of thought and industry leaders from various fields, including equity, innovation, e-commerce, blockchain, and marketing.
• 🌟 The company's target audience includes millennials and Gen Z in the APEC region, who are increasingly engaging with digital financial services.
• 🚀 ZipMax's vision is to create a 360-degree digital banking ecosystem that allows users to invest, save, and spend while being in control of their financial futures.

Q & A

What is the main theme of the video script?

The main theme of the video script is about the pursuit of access to various opportunities and the role of Zipmax in providing access to financial services and the crypto market, emphasizing the importance of trust, security, and innovation in the digital economy.

Who is Marcus Lim and what is his connection to Zipmax?

Marcus Lim is the founder of Zipmax. He was born in Singapore and launched his first startup in Australia in 2013. He founded Zipmax in 2018 with Doctor Aklap Yungwillai and launched it in Indonesia, Singapore, and Australia in September 2019, and in Thailand in July 2020.

What products has Zipmax introduced since its inception?

Zipmax has introduced a range of products including interest-bearing accounts, an NFT marketplace, and the first crypto-based credit card in Asia.

What was Marcus Lim's first encounter with cryptocurrency?

Marcus Lim first heard about Bitcoin in 2013 when one of his engineers used a machine as a Bitcoin mining rig, which led to his initial inquiry about cryptocurrency.

How does Zipmax aim to address the challenges in the crypto market?

Zipmax aims to address challenges by building trust with regulators and users, providing education to break down fear of the unknown, ensuring security through partnerships like the one with BitGo, and maintaining legal compliance in all countries of operation.

What is the current valuation of the crypto market and what is the expected growth in the next five years?

The current valuation of the crypto market is 2 trillion US dollars, and it is expected to grow to 5 trillion US dollars in five years.

What is Zipmax's stance on the integration of digital assets into institutional portfolios?

Zipmax acknowledges the growing trend of institutional investors including digital assets in their portfolios and sees this as a sign of crypto going mainstream.

How does Zipmax ensure the security of its platform and users' private information?

Zipmax ensures security through its partnership with BitGo, which covers users with up to 100 million US dollars, and by having an IT team constantly working on securing and fortifying the platform.

What is the demographic that Zipmax primarily targets and why?

Zipmax primarily targets millennials and Gen Z in the APEC region, as they are born and live online, and are more likely to adopt digital financial services and cryptocurrencies.

What is Zipmax's vision for its future offerings?

Zipmax's vision is to build a safe and secure digital ecosystem where users can invest, save, and spend while putting themselves in charge of their financial futures, with a goal to offer a full 360 digital banking experience.

How has Zipmax grown over the last year and what is its current status?

Zipmax has grown over 2,500 percent over the last year and is continuing to innovate and expand its services in the financial revolution.