One Coin cryptocurrency
OneCoin originated from the success of well-known cryptocurrency, Bitcoin. For several years, nobody expected cryptocurrrency to be recognized and accepted by the world as a method of payment, as it is today, but Bitcoin took the world by storm. From its humble beginnings in the stock market, Bitcoin’s value went from 0.10 USD per coin, to 676 USD per coin today, creating many accidental millionaires in the process. Clearly cryptocurrency was in demand.
To cater for this demand, up-and-coming cryptocurrency provider OneCoin aims to create 120 billion coins to give everyone the chance to take part in the trend. This makes OneCoin the biggest provider of digital currency in the world. The coins will be able to be used for everyday expenses, from purchasing a cup of coffee, to booking a flight. However, there is also the option of keeping them as assets, and watching their value grow.
The greatest thing about OneCoin is its ability to provide a far more convenient means of remittance from one body to another. Founder Dr. Ignatova’s main goal in creating OneCoin, was to allow family members who lived apart from each other the freedom of transferring money to one another without the hurdles or hardships of systems already in place. Many of these individuals, such as migrant workers, lack access to formal banking systems and thus are forced to needlessly expend on agency fees, which is the last thing they need. With OneCoin, the relative fee is tiny, saving these individuals 80-90% of what they would have previously paid.
About the founder
OneCoin was founded by Dr. Ruja Ignatova, winner of “Businesswoman of the Year” title in Bulgaria in both 2012 and 2014. Supported by a Master’s Degree in Economics (University of Konstanz, Germany) and a Doctor’s Degree in Jurisprudence (Oxford University, England and University of Konstanz, Germany), she made her way to the top of one of the largest asset management funds in Bulgaria, reaching the positions of Chief Executive Officer (CEO) and Chief Financial Officer (CFO). Her portfolio is now worth 250 million Euros.
With a strong background in finance, Dr. Ignatova has worked with the Texas Pacific Group (TPG), one of the largest private equity funds in the world, as well as with the likes of Sberbank, UniCredit, Allianz, Raiffeisen, and other financial institutions. In these roles, she was often responsible for advising companies who were working in the industry of cryptocurrencies, which lead her to the dream of creating one of her own.