Without mention of Paris, you can't talk about the industry in Europe. The capital of France has been called Europe's criptocurrency capital for a long time, and recent developments in the country have only strengthened this.
Owen Simonin, speaking at the Paris Blockchain Week, said a lot of positive things were happening for the industry in France. Simonin, known as Hasheur to his online audience, is one of the biggest influencers in the country, whose massive online following led him to start a successful mining-as-a-service company.
Simonin said that the arrival of Binance could be one of the biggest disrupting forces in the country and that it could become one of the biggest disrupting forces in the country when asked about what was changing in the landscape of the digital currency in France. He acknowledged that France already had a bustling criptocoin ecosystem but he believes that the space needs a prominent actor like Binance to bring more significant changes, especially when it comes to regulation.
Simonin said that this will be particularly useful because of the end goal of many community members to bring in as many institutions and traditional financial players to the industry.
This will require solving two problems - finding a way to legally move money from banks to cryptocurrencies and providing infrastructure for large but stable yields.
Simonin's company, Just Mining, set out to solve this problem while maintaining the mantra of building something useful, he told Cryptonites. The company offers mining-as-a-service to institutions, provides plug-and- play masternode configurations, allows delegated staking, and allows users to earn passive income through lending.
In the interview, he said that the company will continue on the road that big players like Binance have taken and continue to build products that are useful to users.