Bobby Lee, co-founder and former CEO of BTCC's first Chinese exchange, believes that the Chinese have always regarded Bitcoin as an investment, not a payment system.
As part of his speech at the Untold Stories program, Bobby Lee shared his personal experience of interacting with Chinese regulators, talked about the creation of the first crypto exchange in China, also revealed some secrets of the culture of his people and commented on the development of a new project to create Ballet.
After Li explained that for the Chinese, Bitcoin is more a means of investment than a payment tool, he went on to talk about his new Ballet project. Ballet is a cold storage for BTC and 14 altcoins, including Ethereum, Ripple, Litecoin, the size of which corresponds to the size of a credit card. In the future, it is planned to support another 18 new coins.
Lee explained that Ballet will be as simple as possible to use, everyone can get access to it – from a 9-year-old child to a 99-year-old pensioner. This development is aimed at ordinary people who are not computer geeks. Many people do not even know how to set a good password, not to mention two-factor authentication, working with firmware, updates necessary to maintain a high level of security. The key to the mass distribution of cryptocurrencies is an understanding of their essence, the principle of their functioning. So, Ballet will allow to solve several urgent problems at once – to provide humanity with a convenient device for working with digital currency and provide a high level of security.
