If you say the name Fred Schebesta outside of Australia, you’ll likely hear muted responses. Yet, within Australian borders it’s something of a different story. Since a young age, Schebesta has been making a name for himself as an award-winning Australian entrepreneur and digital marketer, with his track record in business backing up his stellar reputation. Once describing himself as a “time traveler” that makes the future a present-day reality, he’s never been short on confidence. However, his next challenge represents a huge undertaking even by his standards. According to an interview given to new.com.au, he’ll soon be attempting to found the country’s first ever cryptocurrency bank.
A True Australian Success Story
Schebesta has declared that his new-found passion is blockchain technology, largely thanks to what it can bring to the table from a business perspective. As one of Australia’s youngest self-made millionaires, achieving such lofty heights by age 26, Schebesta is fully behind the digital revolution. Following the sale of his first business, he co-founded Finder, a successful comparison website. The company is now worth over $1 billion, operating in 10 countries around the world.
What has allowed Schebesta to become such a noted name – outside of his business dealings – is that he doesn’t sit on the fence. Recognizing the potential of crypto and blockchain technology, he even hosts his very own crypto talk show – with this only helping promote the digital currency concept on Australian shores.
Beware of the Bubble Talk
The Bitcoin bubble chat is undoubtedly real, but it’s the likes of Schebesta that are fighting back against it. Slamming the “fake news” Bitcoin bubble argument, Schebesta said, “Remember, people said bitcoin was a bubble at $10, a bubble at $100, a bubble at $1000. After it went to $100 it went down to like $12, that’s way lower than $20,000 down to $6000.”
Finder, HiveX, HiveSpend, and Beyond
Earlier this year he and Frank Restuccia co-founded HiveX – odds are you’ve probably heard of the name – as it’s an over the counter crypto exchange service that’s managed to make headlines. According to reports, the service processes millions in transactions weekly – with it now sprouting HiveSpend, a dedicated crypto bill-paying platform.
Bitcoin’s Unstoppable Potential
When discussing Bitcoin’s prospects, Shebesta feels that the cryptocurrency is more popular than ever – in spite of Aussies being banned from using home loans to buy cryptos. “At its core, you’ve got to remember, just because the price of bitcoin has gone down and people feel angry, that doesn’t reduce the interest,” he said. One incident in particular has stuck in the mind of Schebesta, “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.”
Crypto Bank Incoming?
For Schebesta, the next goal is to match his passion for blockchain and cryptocurrency with a project that carries equal prominence. He wants to form what he describes as the “crypto bank of Australia,” a project that will see him link up with Goldfields Money – a leading West Australian bank. Schebesta believes that he can have the bank active and operational in just 18 months – this is an ambitious goal by anyone’s estimation.
Australians and cryptos are starting to walk hand in hand, with an Aussie player even winning a massive prize recently at our Bitcoin casino. That being said, Schebesta’s ambitions are huge, while some might argue against the concept of a “crypto bank.” Yet, if any man in Australia can make it a reality, it’s surely the young entrepreneur.