Quick Takeaways
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Accessibility in Crypto: Venga aims to simplify crypto entry by allowing users to deposit euros, buy cryptocurrencies, and access decentralized services, promoting the innovative aspects of DeFi over traditional finance.
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Education & Discovery Challenges: CEO Michael Stroev identifies education and project discovery as major barriers to crypto adoption, advocating for a curated platform to help users navigate reliable Web3 projects.
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Long-Term Vision: Despite launching during a challenging market, Venga is optimistic about growth, planning to introduce more products and viewing current market volatility as a temporary hurdle.
- Responding to Regulation: Stroev believes potential regulatory advancements, like new legislation on stablecoins, will positively influence the market, positioning Venga for sustained success in the evolving digital finance landscape.
Navigating the Crypto Landscape with Venga’s CEO Michael Stroev at Paris Blockchain Week
At Paris Blockchain Week 2025, Michael Stroev, CEO of Venga, shared insights on how his company is shaping the digital finance world. Venga, launched in September 2024, aims to make cryptocurrencies accessible and user-friendly.
Making Crypto Accessible to All
Stroev emphasized that Venga serves as a gateway for newcomers. Users can deposit euros and easily buy cryptocurrencies. Moreover, they can choose to withdraw to a decentralized wallet or keep their assets within Venga for additional services. "Our mission is to take innovations from DeFi and bring them to the masses," he stated. While Venga offers traditional banking features like IBAN accounts, Stroev assured that the focus remains on promoting decentralized technologies.
Tackling Education and Discovery Challenges
Stroev identified education and project discovery as major hurdles for mass crypto adoption. Although awareness of currencies like Bitcoin and Ethereum has increased, many still lack understanding of Web3’s broader opportunities. "Education is still a huge roadblock," he said. He noted that users need simpler ways to find reliable projects. Venga aims to curate trusted Web3 and DeFi projects, streamlining the entry into a complex ecosystem. "We want to vet all these projects for people," he added.
Focusing on Long-Term Growth Despite Market Challenges
Despite launching during a downturn in the crypto sector, Stroev remains optimistic. He highlighted Venga’s growth since its initial, limited offering. Now, with a more developed platform, the company feels ready to compete. "We’re at the very starting point of our hyperparabolic curve," Stroev remarked, mentioning plans for new products in 2025. Reflecting on past market crises, he acknowledged a shift in perspective. "Now, I’m not so much worried," he stated, pointing to evolving U.S. policies as potentially beneficial for the industry.
Stroev envisions Venga’s journey as a long-term effort, irrespective of short-term volatility. His commitment to education and innovation positions Venga as a noteworthy player in the crypto revolution.
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