AMA Recap | SPACE ID & TruBit

AMA Highlights:

Mr Jay-CEO at TruBit

_ We are an exchange mainly focusing Latin American markets. Mexico, Brazil, Argentina, Colombia, and also some North America, Canada, US.

_ And right now, we already fully integrated SPACE ID and allow users to withdraw with Bnb and Arb domain. Yeah, very happy to be part of the Space ID ecosystem as well. And we are also welcome Space ID to have more influence in Latin American markets and also North American market.

_ as for Trubit, we have different products to meet the needs for the market. In Trubit we have Spot Trading. We have professional Contracts Trading. We also have Earn Plus product to help user generate great yield. So welcome all the audience to find out. Also, we have the wallet product for Trubit, we also offer payment. User can pay each other like a Venmo or PayPal kind of experience, but with crypto. Also, we have also a yield product on our Trubit Wallet as well. And for both Trubit and Trubit Pro, we have integrated great fiat partners, no matter it’s locally and internationally. Locally, we already allow users to make fiat on and off by Mexican Peso, Argentina Peso, Brazil Real. So it’s very convenient for them to do the fiat on and off ramp.

_ We probably start with Latin America, but definitely we will scale up and also welcome all the global users as well. In what we do, we are trying to make cryptocurrencies more acceptable for all the mass adoption users. I think I integrated Space IDs to be also aligned with this long-term vision because the Space ID ‘s Web3 domain really make it easier for users to make deposit and withdraw their assest

_ And we really like what the SPACE ID you guys are doing. And the four countries right now we have supported English, Spanish, Portuguese, and Chinese will be the upcoming languages as well. And also we are looking for new partners in Europe region since both Spain and Portugal, they both speak Spanish and Portuguese. So we will gradually expand to Europe as well. So yeah, that’s some of the spoilers. Yeah, but I think crypto is a global thing. We definitely will welcome all the global users to try our platform also to experience this cryptocurrency revolution together with us.

Caseyy.bnb:

_ We do have a huge global community. We definitely are excited to have Trubit to cover our South America community. It will definitely add extra layer of convenience and personalization for token withdrawals. Then for our holders who are actually currently using Trubit, they will be able to use their domains beyond just what they’re the at. It’s definitely another use case for our community.

_ We do have a lot going on right now. In terms of our grant program And then we over the grant with the grant season and more applications and integrations for the Season 2. And then we are getting more launchers for our Space ID 3.0, including layer1 and layer2, including Injective who are running Galxe campaigns and we have Opside coming up as well. We’re very excited to have our toolkit ready and then welcome more partners into the ecosystem to launch their own TLD and to revamp our DAO structure and having more engagement from our community side. We do have a lot going on for the next coming months.

Full AMA:

Arton.bnb: Hey Everyone, we have TruBit One of our integration partners will dive deeper into what they’re doing into the world of TruBit. We’ll learn more about their unique vision, explore benefits of the integration with Space ID. Plus, we will get some insights into the present future Space ID as well from Casey. I’m excited to have you here. Could you please give us a quick introduction about yourself? Also, how did Trubit start? What’s the vision, and what set you guys apart from other exchanges in the region?

Jay: Thank you for SPACE ID’s team. Thank you for the hard work you guys have done. I am the CEO of Trubit, we started back in 2020, so it’s about three years since the beginning. And, yeah, we are an exchange mainly focusing Latin American markets. Mexico, Brazil, Argentina, Colombia, and also some North America, Canada, US. We also cover of course, we welcome global users, but our main operation and teams are mainly based in north and South America. And what separates us apart is that we are very complete crypto exchange ecosystem in Latin. We have crypto wallets, we have crypto exchange. Both have individual separate application. This time, what we have integrated with SPACE ID is our exchange to be pro. And right now, we already fully integrated SPACE ID and allow users to withdraw with Bnb and Arb domain. Yeah, very happy to be part of the Space ID ecosystem as well. And we are also welcome Space ID to have more influence in Latin American markets and also North American market.

Arton.bnb: So my next question was asking you about going into a little bit more in depth about the integration. Maybe any benefits the Space ID domain holders have on TruBit Pro, as you mentioned, how they can use their domain to withdraw assets from TruBit, replace their wallet address with these domains, maybe any additional info you can give us?

Jay: Like what SPACE ID have integrated other Exchange Wallets partners before. So with this integration TruBit Pro users, they can add their Bnb or Arb wallet address into our when they withdraw assets from Trubit Pro. So it won’t be a long wallet address. It will be a very short domain. Like, what do you guys have in your name? Arton.bnb or Casey.bnb you just type it, and then you can withdraw to your designated wallet address. So it’s very simple, and I think it greatly improved Web3 Users

Arton.bnb: Can you share some examples of unique features you guys offer to users? And how do these features impact cryptocurrency adoption in the region?

Jay: Yeah, of course. So as for Trubit, we have different products to meet the needs for the market. In Trubit we have Spot Trading. We have professional Compact Trading. We also have Earn Plus product to help user generate great yield. So welcome all the audience to find out. Also, we have the wallet product for Trubit, we also offer payment. User can pay each other like a Venmo or PayPal kind of experience, but with crypto. Also, we have also a yield product on our Trubit Wallet as well. And for both Trubit and Trubit Pro, we have integrated great fiat partners, no matter it’s locally and internationally. Locally, we already allow users to make fiat on and off by Mexican Peso, Argentina Peso, Brazil Real. So it’s very convenient for them to do the fiat on and off ramp. Also, for international users, we partner with Macuro and DEXA, those leading fiat on and off ramp partners. So it doesn’t matter. I think most of the countries, no matter where you guys are located, you should be able to do the fiat on and off Ramp. Yeah, we will continue to do more innovation, but some of the innovation probably mainly focusing Latin market. Also, we will increase our trading product and features to also meet some global users needs. Welcome you guys to register, sign up, and experience some of our functions.

Arton.bnb: I do have a couple of questions for Casey here. Casey is our BD manager for Space ID. Casey, could you give a quick reminder to our community or audience about Space ID 3.0 and what’s happening with that right now.

Caseyy.bnb: Yeah, of course. So we announced Space ID 3.0 not long ago. So we will offer a toolkit which is a permissionless name service protocol for all Web3 communities to launch their top level domains. So this upgrade aims to empower every community to launch their TLD and having the control of the registry. So it’s definitely one step closer for our vision to establish a universal name service that transcends Web3 communities and hopefully we can also work with TrueBit for this toolkit as well. So it will help to build their branded domains for TruBit communities one day.

Arton.bnb: And I guess we are kind of soft pitching to each partner we have, even to you, Jay. Right? So if you are interested, the is always a possibility, there will be a possibility to launch your own custom TLD for your own community. The integration partnership with Trubit, how does it benefit the SPACE ID of the the .bnb and the .arb domain holders?

Caseyy.bnb: We do have a huge global community. We definitely are excited to have Trubit to cover our South America community. It will definitely add extra layer of convenience and personalization for token withdrawals. Then for our holders who are actually currently using Trubit, they will be able to use their domains beyond just what they’re the at. It’s definitely another use case for our community.

Arton.bnb: Jay, Trubit is focusing on Latin American crypto users. How have you observed the evolution of cryptocurrency adoption in Latin America in the recent years. What role would you say TruBit plays in that process?

Jay: Yes, I think cryptocurrency plays a crucial role in Latin America. We can see because some of the Latin American countries, for example, Argentina, suffers very high inflation. Cryptocurrency is definitely a very special solution for them. A lot of the people were using USDT, stablecoins, USDC, or they are using Bitcoin as a way to hedge the risk of their local fiat currencies. Certainly the risk of inflation. Crypto definitely plays a very crucial and special role in Latin America, especially for payment, for store of value. I think the real use cases can be… All of cryptocurrency can be really found in Latin America. And as for Trubit, we are here to help the local users to solve their pain points, like store of real value, like payment using crypto. So we are here to try to think about the ways to lower the barrier for users to use crypto. And also we also recently partnered with Mastercard to issue to TruBit card for users easily to spend their cryptocurrencies in any well-accepted Mastercard. I think that’s also another big steps we are doing now. We are trying to think of different ways to lower the barrier and improve the user experience of using cryptocurrencies in their daily life.

Arton.bnb: Do you think that cryptocurrencies are opening doors to include more people In the region?

Jay: Yes, I do feel. And also I think it’s increased financial freedom for them. The more and more users they can… After they know how to use cryptocurrency, they can avoid or transfer some of their assets into cryptocurrency to avoid the high inflation rate of local fiat. That’s really protecting their own wealth

Arton.bnb: Casey I just want to ask you regarding the current status of the space ID in general, our ecosystem right now. Can you give us any comment regarding what’s happening?

Caseyy.bnb: We do have a lot going on right now. In terms of our grant program And then we over the grant with the grant season and more applications and integrations for the Season 2. And then we are getting more launchers for our Space ID 3.0, including layer1 and layer2, including Injective who are running Galaxy campaigns and we have Opside coming up as well. We’re very excited to have our toolkit ready and then welcome more partners into the ecosystem to launch their own TLD and to revamp our DAO structure and having more engagement from our community side. We do have a lot going on for the next coming months.

Arton.bnb: Regarding Trubit and Trubit’s long-term vision and the objectives that you guys have in the crypto landscape, can you give us any comment on that? Also, are there any other countries where users could be expecting you guys to spare work as well? Any spoiler that you maybe, a roadmap, could share anything that could pique the interest of our audience into what you guys are planning to do?

Jay: Yes, of course. Thank you, Arton, for the question. For us, what we are trying to solve and what we’re trying to do is to bring cryptocurrencies to more and more mass adoptions. We probably start with Latin America, but definitely we will scale up and also welcome all the global users as well. In what we do, we are trying to make cryptocurrencies more acceptable for all the mass adoption users. I think I integrated Space IDs to be also aligned with this long-term vision because the Space ID ‘s Web3 domain really make it easier for users to make deposit and withdraw their asset, just to make sure that they can withdraw their assets. Or very short domain name, they can do it without the mistake might happen with typing, wallet address, or those kinds of stuff. I think that’s really aligned the goals, what we are trying to do. And we really like what the SPACE ID you guys are doing. And the four countries right now we have supported English, Spanish, Portuguese, and Chinese will be the upcoming languages as well. And also we are looking for new partners in Europe region since both Spain and Portugal, they both speak Spanish and Portuguese.

So we will gradually expand to Europe as well. So yeah, that’s some of the spoilers. Yeah, but I think crypto is a global thing. We definitely will welcome all the global users to try our platform also to experience this cryptocurrency revolution together with us.

Arton.bnb: Thank you, Jay. I have a quick follow-up question. Since you guys are expanding a lot, I was wondering, are you guys fighting trouble or any obstacles expanding into different regions other than Latin America? Or would you say generally the same issues are the same obstacles that you guys find when fighting the panel?

Jay: What we are facing, the most difficult one, is probably the compliance side and the regulation side, because different countries, especially when you want to touch the PSL (Private Sector Liquidity) and the off-req part, it will be pretty difficult to dealing with because different countries, they have different regulation or licenses you need to apply to, and also you need to set up local entities, hiring local people, compliance officer, campaign tax, a lot of relevant issues will be coming when you expect to deal with new countries or regions. But in our goal, in our vision, that’s what our values are and that’s what we are trying to do. We don’t want to just do it on the surface, but the more traditional financial system. What we are trying to do is to build a bridge to link the traditional local financial system into the new cryptocurrency ecosystem. So we do spend a lot of energy and time to deal with compliance, tax, accounting, and to local entity license, those issues to try to bring the most user-friendly, like the bank transfer, those experience, the most economic.

Caseyy.bnb: It’s always great to work with friends and build deeper relationships through work together. So thanks for your hard work from TruBit

Arton.bnb: Thank you to everyone who attended today’s AMA, Have a nice day!