Cryptocurrencies are increasingly attracting the interest of entrepreneurs. In this interview, Adrian Gorzycki from The Adventures of Entrepreneurs speaks with Stanisław Wołoch, CEO of Quark, a company that operates physical cryptocurrency exchanges.
Stanisław shares his knowledge and experiences in integrating cryptocurrencies into business and explains how blockchain technology can impact international trade.
Profile of Stanisław Wołoch
Stanisław Wołoch is a well-known figure in the world of cryptocurrencies. He began his journey with this technology while still in college, at a time when Bitcoin’s price was exceptionally low. Since then, his interest in blockchain has evolved, leading to the founding of Quark, a company focused on physical cryptocurrency exchanges. Stanisław Wołoch values freedom—both financial and social. He believes that cryptocurrencies offer unique possibilities in terms of value transfer, independence from banks, and increased financial privacy. While he has achieved significant returns from his cryptocurrency investments, his primary motivation remains knowledge and the opportunity to share it with others.
Why Cryptocurrencies?
Stanisław points out that one of the key advantages of cryptocurrencies is the ability to transfer money quickly and cheaply worldwide. He gives the example of a company trading with China that, by using Bitcoin, could immediately send funds and receive goods—something that would take weeks and incur high costs in the traditional banking system.
Cryptocurrencies for Businesses
Cryptocurrencies offer unique opportunities for businesses, especially those operating in international markets outside the European Union and the United States. Companies operating in Africa, Asia, or South America can significantly reduce transaction costs by eliminating banking intermediaries. This allows for greater efficiency and faster financial turnover, which is crucial in rapidly developing markets.
However, as Stanisław Wołoch notes, cryptocurrencies also come with challenges, such as the potential for use in illegal transactions, much like in traditional banking systems.
How to Implement Cryptocurrencies in Business?
Implementing cryptocurrencies in a business requires a thoughtful strategy. The first step is to define objectives—whether cryptocurrencies will be used for native payments or merely as a marketing tool. Next, businesses should consider how international cryptocurrency transactions might impact their business model. It is also essential to choose the right cryptocurrency—Bitcoin and Tether (USDT) are popular options, but stablecoins like USDC may offer greater stability and transaction speed. If you’re interested in cryptocurrencies and would like to learn more about our CEO, we invite you to follow our blog!
