BKN301
“ BLOCKCHAIN IS SUPER SECURE BECAUSE WHEN YOU SEND INFORMATION OR A TRANSACTION FROM ONE POINT TO ANOTHER POINT EVERYONE CAN SEE IT AND IT IS NOT POSSIBLE TO HACK OR STALL THE DATA - IT IS SUPER CLEAR
AND IT ' S OPEN ”
STIVEN MUCCIOLI CHIEF EXECUTIVE OFFICER , BKN301
Post-pandemic opportunity in long-term The COVID-19 pandemic has been responsible for the migration of more people to digital banking services which could benefit the launch of BKN301 as it moves forward .
“ I think the pandemic could be an opportunity for us due to the change in behaviour of people as they move towards digital payments as cash is not the future for the banking system . I think in the long term , it could be a good thing for the business but in the short-term , it ' s not so easy for us because there are not a lot of digital transactions as people spend less money . It ' s not a super strong moment for the business but I think in the long term we ' ll be fine .
Focus on emerging markets “ Our key message is that we want to grant access to financial services to emerging markets and to people that are not allowed to enter into the financial system right now .
“ San Marino is one of these emerging markets because we don ' t have payment systems , we don ' t have Apple pay , we don ' t have Google pay and we need to grant access to these kinds of services and mobile payments and digital finance ,” said Muccioli who pointed out BKN301 is looking to extend into Eastern Europe , central Asia and North Africa .