One of our journalist at Scoopnix recently caught up with The Director at Wolfs Group Mr. Hubert Forytta. Wolfs Group is one of the most aspiring projects of 2019-2020. In the conversation, they exchanged some simple but important thoughts on blockchain industry. Have a look at some key questions and answers we managed to get from him.
Q1. What is blockchain for you and what do you think about its future potential?
Blockchain is the safest server in the world. There are no mistakes in it. Data sent to this server is not editable. I think blockchain is the future of the world because of all that I said, plus the data sorting time is in nano seconds
Q2. What misunderstandings do people have about trading cryptocurrencies?
Most often I encounter misunderstandings about the stock exchanges due to their technical problems, and consequently the projects of a given stock exchange suffer because the investors do not realize that all the obstacles we all try to solve as soon as possible
Q3. Could you share your predictions about the future of cryptocurrency economy for the next 5 years?
A few month’s ago, when bitcoin was at $6000, I noticed the flag formations on the chart which suggested high increases and that’s what happened now bitcoin costs $9800. I don’t think that’s the end of the rise.
Q4. Coming to your project Wolfs Group, what is it about, can you give us a brief?
Wolfs Group is an investment and advisory enterprise which utilizes a model combining private equity and venture capital. We have been active on the capital market for over 20 years and have been investing in small and medium- sized companies for 8 years. Wolfs Group OÜ is mostly concerned with investing in new businesses representing multiple industries.
Extra in our assets we have Money Transfer FerPay LTD. This is how we want to create a payment gateway for cryptocurrency.
Q5. What motivated you to initiate this project?
I’ve been interested in computer science since I was a child. At the age of 13, I modified my computer to a cryptographic digger, then my dad got interested in what I was doing. I told him about crypto. Over the next few years, my dad was learning this market because he always does this before a new business. Until finally we decided to join forces and do this business together.
Q6. What is your vision and the goal you want to ultimately achieve with Wolfs Group?
My goal is to raise money by trading to create an exchange with a security token license because there are few such exchanges, then create a crypto payment processor on our money transfer Ferpay LTC. The next step will be to write a new token for our second big company but so far I don’t want to reveal any more details
Q7. What is Ferpay & how is it beneficial ?
Ferpay is a money transfer company with an FCA license to make transfers throughout Europe, an exchange account and a virtual e-wallet
Q8. What is your predictions for investments in general for blockchain projects?
I think that investors should also check the companies they invest in, not just look at the cover art. As we all know, there are many fraudsters in this market. I don’t think they should be afraid, on the contrary, a good investor can and should take a risk. But I’m warning everyone to check if the project is a real company so as not to lose money.
Q9. How do you plan to expand in near future?
At this point, I’m trying to get as much rotation as possible on my token. I’m looking at much larger exchanges than my token is listed.
For More Information About Wolfs Group :
Website : https://wolfs.group/
Exchange Listings : https://www.coingecko.com/en/coins/wolfs-group#markets
Facebook : https://www.facebook.com/wolfsofficial/
Twitter : https://twitter.com/GroupWolfs
Telegram : https://t.me/wolfsgroup