RUZHA IGNATOVA – FOUNDER AND VISIONER ONECOIN
- Born in Sofia, Bulgaria
- Master’s Degree in Jurisprudence from Oxford (England)
- Master’s Degree in Economics from the University of Konstanz (Germany)
- Doctorate in Jurisprudence from the Universities of Oxford and Constance, thesis on “Corporate Law in the EU”
- Partner at McKinsey & Company in the following projects: Corporate Banking, Private Equity (KKR, TPG), Asset Management, Risk Management, Liquidity Management and Risk.
- Chief Executive Officer and Chief Financial Officer in one of the largest wealth management funds in Bulgaria CSIF with a portfolio of 250 million euros under management
- Several projects in the Texas Pacific Group (TPG) – one of the largest private equity funds in the world
- While at McKinsey, she worked for Sberbank, Unicredit, Alliance, Raiffeisen and other financial institutions
- Managing Partner at Delta Capital, a private equity fund in Eastern Europe. 150 million euros in turnover. The fund was later acquired by VTB Capital, Russia.
- In 2012 she received the “Business Woman of the Year” award in Bulgaria in the category of international business.
- Structuring and raising a portfolio of 75 million euros in the Global Wealth Investment Funds.
- Consulting for several companies promoting cryptocurrencies.
- Managing Director and Founder of OneCoin Ltd.
- She has published two books in German and Chinese.
DECEMBER 4, 2014, Dr. Ruzha Ignatova received the Business Lady of the Year award. The market capitalization of OneCoin is estimated at $ 7 billion.
Business magazine “BLife” blife.bg/article-33439
I offer you the most recent interview with Dr. Ruzha Ignatova – “Vision and Prospects for 2017” (from 21.12.2016):
FRAGMENTS OF PERFORMANCES:
“Which of you has a Facebook account? Yes, we almost all have a facebook account. The most interesting thing is that the Facebook company, which really changed our world, is that this company has existed for less than 10 years.
That is, something happened 10 years ago that changed our life. And I believe that something similar will really happen with cryptocurrencies. When I worked at McKinsey, a very large consulting company, I did a lot of financial and banking insurance. And I was very interested in the questions: “How does money work? How does the banking system work?
In 2010, I got acquainted with the concept of bitcoin. And I made a big mistake that I didn’t invest in BitCoin then, I didn’t invest money there. At first I thought it wouldn’t work. But he became more and more successful, and I began to study him more closely.
To be honest, most things have already entered our lives: the Internet, Google, Facebook, Apple – most innovations have already happened, and people just copy them. But cryptocurrencies, in my opinion, are one of those last niches, one of the last places where we still have a chance to be among the first. “
From a speech in London 02/06/2016
“Bill Gates has reached and distributed his products to 10% of the world’s population. And everyone needs money – our potential is even greater than that of Bill Gates. “
About the potential of cryptocurrency
“In the future, we will go into digital technologies. In 2020, over 80% of all transfers will be carried out electronically.
Cryptocurrency and electronic money are two different things. The amount of cryptocurrency is limited, electronic money is not limited. Cryptocurrency protects us from unlimited emission and retains its value.
People do not immediately understand the meaning and significance of this currency. But do not be afraid and afraid of this. Even Bill Gates admitted that 3 years ago he turned his back on this possibility. Now the smartest and richest people on the planet have already led this movement. We need to show a little interest: why are the richest people on the planet already here? “
“Bitcoin is the currency for the elite. Either programmers or rich; for those who can afford to invest in gold and securities.
When I was among the bitcoiners, I fantasized: if only bitcoin had a MasterCard! And they say: “We already have it, we have invented it a long time ago …” I ask you to show it. The interlocutor takes out such a device – something in between a calculator and a credit card, there are 10 – 15 buttons and it would be necessary to enter 5 pin codes. Something completely abstruse …
And this could not be used. I defended my doctoral dissertation, I’m not stupid! But I couldn’t use it – it’s not convenient! “
OneCoin is a network for everyone, like Facebook
“It annoyed me that I was 10 years late. I was too young. I haven’t seen a niche.
When I saw BitCoin, I was working at McKenzie. When we got to know BitCoin, it was growing and we were watching.
Then I thought it would be great to do something like BitCoin, but for everyone. This kind of Facebook for cryptocurrency is for everyone. Facebook is for everyone, and we are within this network. If I am there, I have 1000 friends, and I will stay there, even if I do not communicate with them constantly.
So in OneCoin – if I am here, I will stay, because among friends. And the harder it will be for me to get out. It is much more pleasant to stay with the people, where it is easy and simple for me to use coins. “
How do I use coins?
“Use for electronic payments, use for regular payments – we will be able to cash out OneCoin everywhere by connecting it to liquid payment systems. Now there is already a MasterCard for OneCoin, by which you can withdraw money in the desired currency from an ATM or pay for goods in a store with it. “
Only what will interest the mass consumer can be used
There are more than 2 billion people in the world who do not have the opportunity to use banking services. In Europe, we are all spoiled by banks. We are used to making transfers through a bank. But in other parts of the world this is not possible. Recently we were looking for a transfer from Singapore to India, and found it after 3 weeks, stuck on a correspondent account in Europe.
I want to say that banks there, far away, do not work as successfully as in Europe. In India, for example, there are many BitCoin exchangers, even in those villages where there are no ATMs.
We want people to use the capabilities of the system – where the distances are very large. People need to see the benefits of how cryptocurrency can be used.
I want to say that they are Asians, then they will use our OneCoin to transfer money easily. The same as through Western Union or PayPal systems (after all, there are crazy commissions and limits on amounts; if more than 2.500 euros, it is almost impossible to send).
Asian countries are interesting to us as users, and not by how many packages we sell there. We currently operate in 204 countries. Most of all – 84% – in Asia. But this is not very good: if we want to grow, it is not enough to remain an Asian coin. “
Why are we out of competition?
“There are already more than 1.4 million of us. If someone tomorrow can create the same structure as ours, he still has a chance. But this is almost impossible, we are still 2 – 3 years ahead ”.
“In order for a company to become a leading company, of course, new coins need to be mined, and our network must grow. And the coins themselves should be not just a conditional something, but something that people could use in their payments. This is why all this is being done. “
“When we first started, the Tycoon package could earn up to 24,000 coins, but today only 4,000. Very soon, this package will only give 300 coins.
That is, there is very little time left – it will not be easy to log into the network in a year. Do not be shy. The company works legally, the company works openly. We look forward to the discovery of America in the very near future. “
“It is a fact that OneCoin is one of the most important currencies right now and will surely become the most popular if we continue to do it right. We are now in second place in terms of market capitalization. We do not talk about this very much, it is clear for what reasons. We are building now and growing very fast. We want to do everything right. We want to keep the documentation correctly, to be legal in all respects. This is very, very important for us. “
We have huge benefits that we will build on
“I want to be noticed, to become more visible.
In the spring of 2016, a forum will be held, where our trading platform will be presented, where it will be possible to place up to 150 thousand stores accepting OneCoin for payment.
And then the coverage of the world and the powerful capitalization of OneCoin will really begin. “
SPEECH BY ROUZHI IGNATOVA AT THE GLOBAL COINRUSH EVENT IN LONDON 06/11/2016
“It’s been a year and a half since we launched our OneCoin cryptocurrency. Today we have already talked about the network, about how big we want to be. But I want to remind you why this network exists. This network was created in order to support the growth of OneCoin, which, in my deep conviction, will become the # 1 cryptocurrency in the world! The reason for this my belief is that I see all of you here. OneCoin is easy to use and for everyone. Anyone can make payments anywhere, around the world. After all, we are all global citizens of a small world who want to change something.
Over the past 2 years, I have been given a lot of definitions. And perhaps the best thing the press has said about me was “OneCoin That Must Become a BitCoin Killer”… I must say: I like it! You all know, since we mined our first coin in January 2015, we have started to grow rapidly. We currently have over 2 million active users. Our database contains over 12 million records, but these 2 million are active users. And no other cryptocurrency has such an active number of users as ours. Some of them are still bigger than us. Some are more famous. But we are catching up with them. Our market capitalization is approximately EUR 4.5 billion. We still have work to do to catch up with BitCoin at 8 billion, but we are moving towards that very quickly.
You know that we have a very long mining queue. Currently, new members are waiting for mining from 3 to 6 months. And this is very frustrating for all of us. It’s hard to keep going this way. If we want to attract merchants (traders), if we want to make this coin usable, we have to mine faster. We need more coins. We must grow.
OneCoin is currently ranked second in the global cryptocurrency rankings. BitCoin – 8 billion market cap. More than 500 euros per coin. It may take about 1 year to mine 1 BitCoin. It is not a mass market cryptocurrency. Other cryptocurrencies, if you look at their market caps, are 1 billion and 200 million. I think we reached a capitalization of 200 million in 2 months after the start of mining.
So what makes us different from BitCoin? What sets us apart from all the fake coins that copy our concept? What really makes us different? This is our vision. We are more than just OneCoin. We are creating a whole world around this coin. And what our network is doing is not just mining a coin, but creating an entire ecosystem. We have a new site. Anyone who visits our website onecoin.eu will find a lot of information about our coin and our concept. And this is something that we have worked hard on for a long time.
OneCoin is a whole ecosystem.And I don’t think any other cryptocurrency, whatever it’s called, sees the future this way. For me, OneCoin always starts with education. Why is education so important to us? I believe many of you have children. At some point in time, kids will want to drive. We cannot allow a child to drive a car without a driver’s license, without knowing the rules, without knowing what a car is. I wouldn’t let it. This is why I consider OneAcademy to be something of a coin mining driver’s license. Do not mine cryptocurrency, do not trade cryptocurrency without training, because this is one of the most risky investment opportunities. You must know what to do. And we are the only company that provides all participants with information about what cryptocurrency is. This is why this is the first and most important part of this wheel.
The second part (and it will become more and more important) is our exchange. OneCoin Exchange currently has several main functions: buy, sell, price monitoring. But we all understand that this is just the beginning. This exchange will one day become global to everyone. Today you are all learning how to buy and sell coins. You are learning to perform basic operations. Many of you have never traded or used the exchange. So now this is your chance to learn how to do it. And this exchange, I am sure, will become the exchange with the largest number of transactions in cryptocurrency in the world in 2 years, since our coin will be number 1 in the world!
The community is our network, and this is, in fact, what makes us so strong. I always use Facebook as an example. We are all here or almost all are part of OneCoin. Many are so passionate about cryptocurrency and this concept that they brought in friends. Many of you will bring business partners or merchants. Automatically you will become part of a community or family. Now I can launch a new portal like Facebook: with more features, better chat, whatever. But, nevertheless, you will not leave your Facebook friends to be alone somewhere else with a better design. This is what makes us strong – the community! 2 million people who believe in OneCoin and want to build their own success. And this is something that no one else can do as quickly as we did.
The next 5 years are said to be the era of cryptocurrency. The boom will start. A lot of new cryptocurrencies will be created. Microsoft will launch cryptocurrency. Google will launch cryptocurrency. But all these people will have to start where we started 2 years ago: educate people, build a network, attract merchants. And this, as we know, is a long process. And we are 2 years ahead.
I think merchants will be the ones to take us to the next level. BitCoin currently has almost no merchants who accept it. And there are reasons for that. If I want to make a transaction with BitCoin, I have to wait 10 minutes for the transaction to be approved. Most people won’t want to wait that long. The second challenge is volatility. Today BitCoin costs 500 euros, tomorrow, if you’re lucky, 550 euros. Yesterday 400, the day after tomorrow maybe 300. Who knows! Sellers do not want to take the risk that the money they receive today may be worth less tomorrow. This is very, very important!
An important concept behind our coin (after merchants) is worldwide payments. Global payments is when individuals make payments to each other. If I work in Singapore and my family lives in India, then I want to transfer money to my family and do it quickly. I do not want restrictions on such payments. And you know what? We are the global currency. We can make payment in China, Europe, India, Latin America, all over the world. This is why I believe that a global, not a regional, cryptocurrency will be successful! The global cryptocurrency has a huge future ahead!
There are almost no real investment products in cryptocurrency. BitCoin in Forex is illiquid and does not exist. We want to offer long-term products and introduce OneCoin to the financial community. We want to offer a forex platform. This means that you can trade OneCoin against any local currencies. This is part of our plan, and it will most likely come true next year. We will raise OneCoin to a very high level of financial services!
Another thing we want to allow our members is investment in an investment fund. You can invest your coins in real assets if you want. By the end of the year, we will launch an investment fund in which you can participate with your coins.
Another one of our directions – our charity Ford raised more than 70,000 euros yesterday. Thank you very much! Many support this organization, this is one of the best things you do! OneCoin has changed the lives of many here, but you have also changed the lives of many children. And I am proud that you, who make a lot of money with OneCoin, are repaying the debt to society, and I am very grateful to you for that!
You’ve seen our CoinCloud challenge. Cryptocurrencies and the internet always have security issues. Safety and security are very important to us. Therefore, CoinCloud is part of our universe and helps your online life and activities to be safer and more secure. Business applications and business decisions regarding OneCoin are definitely very important to us.
Games and entertainment: we will expand our activities in this area as well. OneCoin will become a cryptocurrency that can be used for entertainment, games and other good things.
In fact, OneCoin is probably the only company that thinks globally and comprehensively about how to make a coin usable. I don’t know of any other cryptocurrency that does this.
We have achieved a lot over the past year, but there is still a long way to go. We are only 1 year old. When BitCoin was 1 year old, its price was 15 cents, and no one thought about it: “Oh, I lost 100 coins! So what? Only 15 euros are gone! ” We are only 1 year old and we have already written history. But this is just the beginning. Within 2 years, we should become 10 million users, active users! 1 million merchants: and I really think that merchants will give this cryptocurrency an unprecedented scale! 10 million users and 1 million sellers is the next frontier we’re aiming for!
We grew really fast. Sometimes people come up to me and say: “Doctor Rouge, have I missed the opportunity? Is it over? What should I do now?” And the answer is: actually, this is just the beginning! The name OneCoin should be recognized by people all over the world! We are here now, but we can go up much higher. We have no limit to growth. We have such a great potential. Today we have included another network! Lots of people want to join us because we are a successful network and we keep our promises! How many products are there in the world that are so easy to offer to everyone? A little.
Another thing that I see in our company is that many people who have not been in this industry before are joining us. They are simply attracted by the innovation! They decide to join the financial revolution! Be part of the innovation, be one of the early adopters. This is why a lot of people come to us, but not to other companies. Because we have a vision. Because we show people a part of the future. And one more thing: we are attracting new regions: India, Africa, Latin America. Yes, we have people working there, but we haven’t even started working there yet. And I personally support these markets in corporate solutions, banking services, and there will be translations of educational materials. These markets are extremely important to us because there are people out there without banking. They are our clients. So this is just the beginning!
When I started, people laughed at me. I have always said that we want to enter the top 3 among cryptocurrencies. But now we need to dot the i’s. Now we want to be the number 1 cryptocurrency in the world. We want to become the largest reserve cryptocurrency, the people’s choice, the most used cryptocurrency, and of course, reach the largest market capitalization. I want BitCoin to become the invisible line over time, and OneCoin to become the market leader!
I would like to once again draw your attention to where we are heading. First of all, OneCoin is a global cryptocurrency. We want to provide low-cost transactions for everyone, everywhere. Further, we are transparent. You know, I was charged by the cryptocurrency community: “It violates the philosophy of cryptocurrency!” Sounds very impressive! I have violated philosophy! So what is the philosophy of cryptocurrency? The cryptocurrency must be anonymous. To be honest, I don’t think so. Because no regulator, no government will allow us to create a global cryptocurrency system, a payment system that will be anonymous. All bad things happen exactly when anonymous transfers are made using BitCoin. I think that those who need to make anonymous payments should not be on our network! They can go somewhere else.
And this is what I want to say to those who think that I am violating the philosophy of cryptocurrency: “Guys, we are a larger community, and we decide what will be the philosophy of cryptocurrency!”
We work without borders. Simple and safe to use. It is very important to be easy to use.
And there is one more important thing about the BitCoin blockchain: BitCoin can never be a cryptocurrency for merchants, and not only because it takes 10 minutes to use it; the BitCoin blockchain will be able to carry out only as many transactions in a year as Visa and MasterCard carry out in a day! How will it work? It’s impossible! And our blockchain can conduct more transactions per day than Visa and MasterCard combined!
So this is my vision, ladies and gentlemen. I want OneCoin to be the greatest cryptocurrency in the world. A payment system that is changing the lives of people without bank accounts, big businesses, small businesses and just businesses, so that OneCoin grows to a huge size. But the question is, can we do this in our current state? No we can not! Don’t worry, all problems are solvable, but we have a few problems that you all know about.
We have a huge waiting list for mining – from 3 to 6 months. Our packages are incredibly popular. We have a lot of new people and networks who join us. This opportunity, this coin is developing at an unrealistic speed! All the coins we mine are already reserved for you. I have no merchant coins. But what should I give to merchants? I don’t have coins for merchants, coins for Latin America and India, I don’t have coins to use. And merchants are a trillion euro market! And my capitalization is 4 billion. This does not work! What can we do?
There are 2 things we could do: 1) We could close the registration of new members and just focus on our coin. But all of you have worked very hard building your business. 2) We could opt out of merchants until we have mined more coins. All of this is not suitable for a fast growing company like ours. Therefore, there is a third option – to increase the number of coins, create more coins for merchants and become the largest coin on the market.
We will now have 120 billion coins! Of course, we cannot do this with the blockchain that we have today. We will stop the existing blockchain and launch the new blockchain on October 1st this year. On October 1, we will shut down the site for a few hours and launch a new, more powerful blockchain. So what will this mean for all of us? With more coins, we can start expanding into new markets. I guarantee that mining waiting time will be reduced to 3 – 7 days! We will update the blockchain every minute! We will become a coin for merchants as no one will have a coin like ours! And switching to the new blockchain will also allow us to attract people from outside. Having become a public company, and we have already said that we will become a public company in 2 years, we will release OneCoin on the market, we will be able to sell and buy a coin,
But that said, there are a lot of people who don’t want to join a network marketing company but want OneCoin. The new blockchain will allow people from outside to buy OneCoin from you. Those. it will not be a completely public company at once, but in small steps … We never do everything at once in one fell swoop. So the market will understand! We will start bringing the coin to market later this year, because merchants are the market.
So now we have more coins. Will OneCoin become less or more valuable? Coin value is regulated by two indicators: 1) Brand; 2) Ability to use. If we have more coins, we can spread our brand much faster and better. More people will learn about OneCoin and it will strengthen the brand. So from this side, your coins will certainly be more valuable. The second indicator is the ability to use. We will have 1 million merchants. And every new merchant who joins us increases the possibility of using the coin.
We will launch a new blockchain on October 1st. And for you, the existing members, those who supported us during the first phase (and we are now moving into a huge second phase), there is good news. No matter how many coins there are in your account and in mining, we will double their number! This is not a split and will only happen once in the history of OneCoin. Never ever! Everyone who has already joined us or will join before October 1 and send tokens for mining will receive a doubling of coins.
This was the most exciting news! I have been preparing for this event for 6 months and I think that you understand the vision of the company and how strong our concept is! We will become the greatest company in the world! And we will write history, and the cryptocurrency community will have to rewrite its philosophy! “