The Watch You Can’t Purchase On Your Credit Card, The Bitcoin Driven Hublot Big Bang Meca-10 P2P

In the case of the Hublot Big Bang Meca-10 P2P, it was necessary to be in Hong Kong for the splashy launch party on the terrace of the Armani hotel. A young journalist himself, an excellent observer, had noted that the CEO of Octagon Strategy Limited, a digital derivatives brokerage agency, had traded conversation with an atypical group of young French people. It was enough for her to train the people around her to engage in discussion with these specialists in high finance and cryptocurrency.
 

Very quickly, after some questions about the way in which this "virtual financial product" works, it was clear that the watch was not here by chance and potentially marking the beginning of a new era in the luxury goods trade.
 

The idea for the Big Bang Meca-10 P2P started with a discussion between Hublot’s Maxime Castric and Loic Biver (Asia market director) about the possibility of creating a Hublot watch celebrating the 10th anniversary of Bitcoin. The then best-known cryptocurrency on the market today.
 

While listening to young traders living in the moment, Bitcoin is not sulfurized paper money as some people tend to believe, but a financial product like any other that can be traced and is super secure. Given Hublot’s interest, these friends started a business which encouraged the brand to call on converters which would help transform Bitcoins into Dollars. It is for the sake of transparency and to avoid amalgam with the idea too often widespread that cryptocurrency is used to fuel suspicious transactions because of its impossible traceability.
 

In fact, what this virtual money is used to buy remains sometimes a mystery and it allows users to remain discreet. By escaping the normal channels of diffusion, the accounting for this currency requires one to go through a bank that imperatively requires a physical identity. Bitcoin has inherently encoded each coin with a personal key, and every transaction is encrypted with a digit sequence. A typical bank rents many safes with keys in which everyone can put personal things. Today there are 21 million Bitcoins, and it is not possible to create more because this number is written in the Bitcoin source code.
 

Its fluctuating value, which is currently high ($6,300 USD per bitcoin) - makes this product an excellent choice to get luxury group’s interest. Brands who are way too happy to find in their ownership groups a new pool of potential customers. With billions of euros immediately achievable. As noted in Wayne Trench's (CIS of OS Limited) interview, this powerful company among the most advanced concerning cryptocurrency treatments was called to secure all transactions for this new Hublot by acting as a guarantor, more or less a "detective" for traceability. An operator who, like the first bankers of the Middle Ages operating in the fairs, guaranteed trades in different currencies with fluctuating prices. In the case of OS Limited, Hublot also requested that the source of the money be verified, even if the Bitcoins do not remain in the hands of the publishing house. The goal here was to demonstrate that it is possible to work seamlessly with these new products that we can imagine flourishing over the coming decades.