Co-Founder at Fomo
Trust is critical. If a user deposits one hundred dollars and returns to see their balance fluctuate arbitrarily due to behind-the-scenes currency conversions, they will think you are stealing from them. By denominating balances in cash, we preserve a transparent, stable reference point that keeps users comfortable and builds long-term trust.
This answer is part of a full interview with Se Yong Park, Co-Founder at Fomo.
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