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Aryze is building a bridge between crypto and fiat currencies. The end consumer often believes it is free to make a payment. But it is not!
Rasmus Bruun explains how Aryze is cutting the unnecessary intermediaries, and therefore reducing the payment costs by making the money transfer process simple and much cheaper. Their startup was acknowledged at the Copenhagen Fintech Week, where they won an award for the best FinTech startup!
There will always be a space for evolution in fintech. Aryze believes that blockchain technology will change the future, and they want to be part of the transformation.
There are many challenges Aryze faces besides seeking funding. They are competing with big players such as VISA, Mastercard, Danske Bank, and others. However, these do not scare them away. Aryze believes that everything is possible, and so is their ambition of becoming the new market leader.
TRANSCRIPT:
My name is Rasmus Bruun and I am the communication manager of Aryze and
Aryze is the best danish fintech startup. We got the award from Copenhagen FinTech Week
and what we're trying to do, is, we want to build a bridge between crypto
and fiat currencies, so basically, we want to change the way that you
pay today, using blockchain technology.
It's a use problem on so many levels. One of those is that today, the end
consumer might think it's free for him to pay, but it's not. There's a lot
of intermediaries, that don't have to be there. So, we want to make it simpler to use.
A very simple analogy, I would say that, we want to do what the email did to
the postal system. We want to make it very, very simple and very easy to
transfer money and much cheaper.
Well, obviously, you will always have to pay for stuff, so, intake is not going
away and it's only gonna become more technical in the future. There are so many
possibilities. Some people are saying that blockchain will be the fourth industrial revolution
and we also believe that blockchain technology can change the future
and we want to be part of that.
Our funding is, obviously, challenged with the crypto scene being kind of halted at the moment.
Another challenge is, of course, well, the
big players. We are up against the players like Visa, MasterCard and Nordea, Danske Bank,
big, big, big players, millions behind them, strong companies and here we are,
at little booth, at TechBBQ, eight people and we want to be the leading
payment system in the world. So, obviously, there's a lot of challenges out there
but the bigger they are the harder they fall, you know, so, everything is possible.
And, right now, we have a very, very strong team of advisors behind us. We have won
multiple awards, we were nominated for Nordic startup awards, as well, so
there's a very strong belief in our... in us, in our company, in what we do.
We're fair, we're honest, we're transparent, we do things the right way and we're
much, much, much cheaper and faster.
Video edited by Mihnea Dubleșiu.
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