A Crypto Bank in the Land Down Under

2 min read

Fred Schebesta, known to being one of the youngest self made millionaires of Australia at the age of 26 has disclosed his next business idea. The idea is the first crypto bank of Australia.

 

Fred Schebesta is an award winning Australian entrepreneur who made his millions thanks to co founding comparison website finder.com which receives six million unique visitors per month. He eyes the future and aims to convert the future into reality so that people can live the future now. He describes himself as a ‘time-traveller.’

Next up in his agenda is a cryptocurrency bank given his obsession for the digital coins. He even hosts a daily crypto talk show from the street offices of Finder.

Last year, Schebesta brought in a cryptocurrency comparison module in Finder which saw a massive interest, which accounted for more than ten times the existing modules of Finder such as insurance and credit cards. This lead to him creating a crypto exchange called HiveX which was an Over-The-Counter cryptocurrency exchange along with Frank Restuccia. HiveX has become quite a hit amounting to millions of dollars being processed per week.

His plans of a crypto bank include partnering up with existing banks and fulfilling the needs of making easy to use services for citizens who are adopting cryptocurrencies.

Schebesta spoke about the interest of cryptocurrencies around the world to news.com.au.

The interest has boomed. I was at [crypto conference] Consensus in New York, there were 8000 people there. It took 30 minutes to get up the lift. New technologies are being built, it’s like going from Basic to DOS. Bitcoin’s like gold, it will just sit there and do its thing and keep on going, I don’t think it will die

 

Fred Schebesta’s pinned tweet on his twitter sparks interest about civilization and cryptocurrencies.

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