CCX News Interviews Digits CEO/Founder Ben Way

Could you provide our readers with a brief introduction to Digits?

Digits turns any existing debit or credit card into a cryptocurrency card that you can swipe and use anywhere cards are accepted. Our app allows you to connect any credit card to your Coinbase account, and you can then use that credit card to pay with crypto, or fiat, as you choose.

On the back-end, Digits has created a new financial instrument. A networked hedge lending system called The Hedge Lending Network will allow users to hedge highs and lows of cryptocurrencies, thereby creating zero volatility.

Finally, transacting is instantaneous and seamless for both consumers and merchants because the Digits platform uses smart contracts to lock in transactions instantly when the consumer swipes.

The vision of Digits is to make transacting crypto as easy as transacting fiat is now. We have done this by solving for the three major issues with crypto payments today, which are 1) ease of transacting 2) volatility and 3) long processing times.

Ben, what led you to found Digits? Where did you get the idea?

I have been building new technologies for over 20 years, and spent my last three years at a traditional payments processing company, where I learned how complex the payments process is.

I was challenged with creating a way to make spending crypto as easy as fiat is today. This is where the idea for Digits was born. The technology behind it is very complex, but the user experience is simply to make spending crypto as seamless as spending fiat is today.

What are the benefits of using your platform?

The everyday person can transact crypto seamlessly, and crypto can be transacted anywhere that a merchant accepts a debit or credit card.

What is The Hedge Lending Network?

 The Hedge Lending Network is the first of its kind ever in existence. It is the first network-based hedge lending system, meaning that users can hedge against crypto market highs and lows and benefit from using crypto like it was meant: as a currency.

With the SEC looking to re-class cryptocurrency as a security, we’re hoping this can be a game changer for many crypto enthusiasts who believe in the intention of cryptos: a digital currency, just like the physical currencies.

Through the Hedge Lending Network, a smart contract is issued the moment you a user transacts crypto that locks in the conversion rate at the time of transaction, so the merchant benefits from zero volatility as well. Your payment of Ethereum valued at $100 is the same today as it will be a month, year and thereafter.

What do you think about the future of cryptocurrencies?

My view is that we are getting close to the bottom again, I think bitcoin will rise to around $8-12K in the next six months but probably will be a rocky road getting there.

What is on the roadmap for Digits moving forward?

We are currently in Pre-ICO through September of this year, meaning that accredited investors can invest at a 50% discount until then. In September, we plan to launch the beta application. The proof of concept for Hedge Lending Network has already been done and can be found at HedgeLendingNetwork.com. That launch is also planned for later this year.

We are excited to get this technology in the hands of our fans, and if you would like to sign up to receive our beta app, please visit Digits.io and sign up.

You can also keep up with our progress on our telegram

Could you provide our readers with a brief introduction to Digits?

Digits turns any existing debit or credit card into a cryptocurrency card that you can swipe and use anywhere cards are accepted. Our app allows you to connect any credit card to your Coinbase account, and you can then use that credit card to pay with crypto, or fiat, as you choose.

On the back-end, Digits has created a new financial instrument. A networked hedge lending system called The Hedge Lending Network will allow users to hedge highs and lows of cryptocurrencies, thereby creating zero volatility.

Finally, transacting is instantaneous and seamless for both consumers and merchants because the Digits platform uses smart contracts to lock in transactions instantly when the consumer swipes.

The vision of Digits is to make transacting crypto as easy as transacting fiat is now. We have done this by solving for the three major issues with crypto payments today, which are 1) ease of transacting 2) volatility and 3) long processing times.

Ben, what led you to found Digits? Where did you get the idea?

I have been building new technologies for over 20 years, and spent my last three years at a traditional payments processing company, where I learned how complex the payments process is.

I was challenged with creating a way to make spending crypto as easy as fiat is today. This is where the idea for Digits was born. The technology behind it is very complex, but the user experience is simply to make spending crypto as seamless as spending fiat is today.

What are the benefits of using your platform?

The everyday person can transact crypto seamlessly, and crypto can be transacted anywhere that a merchant accepts a debit or credit card.

What is The Hedge Lending Network?

 The Hedge Lending Network is the first of its kind ever in existence. It is the first network-based hedge lending system, meaning that users can hedge against crypto market highs and lows and benefit from using crypto like it was meant: as a currency.

With the SEC looking to re-class cryptocurrency as a security, we’re hoping this can be a game changer for many crypto enthusiasts who believe in the intention of cryptos: a digital currency, just like the physical currencies.

Through the Hedge Lending Network, a smart contract is issued the moment you a user transacts crypto that locks in the conversion rate at the time of transaction, so the merchant benefits from zero volatility as well. Your payment of Ethereum valued at $100 is the same today as it will be a month, year and thereafter.

What do you think about the future of cryptocurrencies?

My view is that we are getting close to the bottom again, I think bitcoin will rise to around $8-12K in the next six months but probably will be a rocky road getting there.

What is on the roadmap for Digits moving forward?

We are currently in Pre-ICO through September of this year, meaning that accredited investors can invest at a 50% discount until then. In September, we plan to launch the beta application. The proof of concept for Hedge Lending Network has already been done and can be found at HedgeLendingNetwork.com. That launch is also planned for later this year.

We are excited to get this technology in the hands of our fans, and if you would like to sign up to receive our beta app, please visit https://digits.io/ and sign up.

You can also keep up with our progress on our telegram at t.me/digitsINC

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