“What are you talking about? Did you ask for a 20% advance on the car?”
“Kenneth, listen to the end of the story for now.”
“That sounds so absurd. Are you saying that because you don’t know why we’re only getting a small amount of money for the deposit?”
“Of course you know. It is to increase the number of reservations at a reasonable amount and use it for marketing.”
“You said you would receive 20% of the reservation deposit knowing that? No matter how much money you need… … .”
When Kenneth keeps talking about what he has to say, Elon, impatient, responds by raising his voice.
“Kenneth, can you please hold on to your snout for a moment? let me talk too I’ll make you understand. okay?”
“okay.”
“good. I think I’m ready to listen now. You have that cryptocurrency. Did you decide to call it digital gold? Anyway, I decided to write it.”
Kenneth frowns.
“I didn’t understand it at all.”
“We decided to return the virtual currency when we received the advance payment from the customer. In the name of a deposit.”
It was only after hearing the word deposit that Kenneth’s wrinkled forehead slightly straightens.
“Are you going to return the full amount?”
“It was such a nuance. And the virtual currency is not only for monetary use, but also for data recording. So, when we booked, what type of car, and how much we booked, everything is written down.”
“hmm? If it is possible to record information, it is a method that doubles as a kind of contract function. then… … .”
Kenneth tapped the tip of his chin for a moment before exclaiming ‘Aha!’ and snap your fingers
“That way, the contract itself can be accepted by someone else, right?”
“what do you mean?”
“I heard that the reservation date and car model are listed in the virtual currency? If so, if you buy that virtual currency, the information will be transferred as well.”
“hmm… … is it?”
“Are you sure. That’s what I was aiming for. If this works properly, the reservation holders will be able to pay more for the car that comes out first.”
Currently, the Tesla S model has been delayed by hundreds of thousands of reservations, so we had to wait at least a year for delivery.
However, if you can shorten the period by buying the virtual currency of the reservation person, there will surely be people who buy the virtual currency with a higher amount of money.
For reference, in the United States, it was not uncommon to buy new vehicles or popular models at dealerships at a higher price, so it was not a method that was very objectionable.
“Ohh. I thought it was simply pushed for the purpose of promoting virtual currency, but it seems there was such a use.”
“That guy named Daniel was smart. If the game is laid out the way he envisioned it, there will be some pretty good synergies.”
From noble mtl dot com
“Then let’s approve it right away.”
Elon had no hesitation because he was thinking of accepting WHTS Company’s proposal even for the investment money. However, Kenneth, the CFO, does not nod at all.
“Elon, wait. We need to be careful.”
“What are you waiting for? You just said it was a good idea.”
“It’s a story when an idea works as planned. We have no way of knowing if cryptocurrency is working, right? And I can’t guarantee whether the reservations will accept virtual currency.”
Every phrase was correct, but Elon, who was in urgent need of money for the company, was irritated.
“Isn’t that what you mean by kicking the opportunity that came rolling in?”
“Take the investment. Instead, the virtual currency deposit is put on the condition that it will be tested before actual use.”
“What test?”
“We are accepting virtual currency deposit reservations only in certain regions. If the reaction is good in the test area, you can expand it to other areas, and on the contrary, if the reaction is not good, you can use that as an excuse and abolish it.”
Elon nods his head broadly as if he likes the plan.
“Where would be a good test area?”
“It’s difficult if the market is too big. However, if the market is too small, the test results may not come out properly.”
Coincidentally, there was a place that had been preparing for advance reservations for electric cars since August.
It was an area that WHTS Company welcomed, with a reasonable market size and reasonable purchasing power.
* * *
– Woohyuk Shin, CEO of WHTS Company, is awarded the above plaque of appreciation for active sharing and sponsorship activities along with the Blue Seed Youth Protector activity in 2016. Becoming an example to others in the future… … .
The CEO of a company is more concerned with external affairs than company affairs.
A representative example of such external work would be the social contribution activity that I attended this time, or, in simple words, a donation event.
I am not donating because I am an angel at heart. When word spreads that the company is making good money, people from all over the world are contacted to donate.
If you respond to them one by one, you’ll be wasting money, and if you cut them all out, the pods will be caught and malicious articles will come out.
That’s why finding a decent place out of countless donations and donating even a small amount is a way to save the company’s image and make your body less tired.
-WHTS Company has donated a total of 3 billion won so far. Thanks to you, I was able to support many children. Taking this opportunity, I would like to express my gratitude to CEO Shin Woo-hyuk once again.
clap clap clap.
At the timing when the plaque of appreciation is delivered, a flash goes off along with the sound of applause.
I gave a smile that could be used as a photo and came off the stage.
“CEO! When did you start sponsoring? You said that you have been sponsoring all along. Was there a special occasion?”
“You sponsored a large amount of money of 3 billion won for Youth Jikimi. Do you have any plans to donate to other welfare organizations?”
“I would like to ask for an interview! Just a moment!”
Reporters flock to me as if they were waiting for me to come off the stage.
Everyone has cameras and tape recorders in their hands.
These are hyenas looking for prey. If I see even a small gap, I dig it up like a ghost and stuff it into portal news.
‘It’s best not to give reporters the number of cases at all.’
After formally nodding my head, I rushed out of the venue. However, the reporter who predicted my movement and was waiting in advance was hiding here too.
“CEO! wait a minute!”
A woman who resembles a hamster rushes over and clings to me.
“Someone said it and it was Reporter Kwon.”
Among reporters like hyenas, he is the least reliable.
It had no choice but to do so because I was intentionally giving only her the news.
“Heh. Heck. the steps… … very… … You are fast.”
“Thanks to the reporters, only the escape technique has increased. But how did you know I was going to be on the back road?”
“I am in charge of the representative. Now, just by looking at the structure of the venue, you know how it will come out.”
check the time on your phone
15:20.
At this point, I could do at least one short interview.
“I think I can give you about 10 minutes.”
“oh! I’ll ask you right away. You met Mr. Elon, the CEO of Tesla, not too long ago. Do you have any plans for a business partnership with Tesla?”
“Did there already be a rumor?”
“There was an uproar at the electric car club. Especially in Korea, there are many people who expect Tesla cars to come in.”
It wasn’t something to be kept secret, so I thought it would be better to disclose it at this point.
“It is not a simple partnership. WHTS Company acquired a 37.15% stake in Tesla Motors and became the largest shareholder.”
Acquisition of an electric vehicle company by a cryptocurrency developer.
When the scoop comes out of my mouth, Kwon Ji-eun’s eyes shine like a mirror.
“Does that mean the CEO will change?”
“no. All management matters of the existing Tesla Motors will be maintained. We just wiped out the stakes held by capital companies and hedge funds.”
“aha. It seems that you have set the direction with electric vehicle investment from now on?”
“If I simply meant to do that, I wouldn’t even raise a stake.”
Her hand, which was diligently scribbling in the notebook, stops and looks up at me.
“Then for what purpose… … ?”
“If we release everything here, there will be nothing to announce later.”
“Can you give me a little hint? I beg you. Partial hints raise expectations.”
“hmm… … Did you say that there are many people in Korea who are also looking forward to Tesla Motors’ electric car launch?”
She makes eye contact with me and puts her pen on top of her notebook.
“Please tell me that I can look forward to it. There will be good news from Korea soon.”
* * *
After the sponsorship event, we immediately get in the car and move.
The destination is Incheon International Airport. Originally, I often went to the departure hall, but this time I went to the arrival hall.
“hey! Woohyuk Shin! What if the guy who said he was coming to pick me up arrives later than me!”
When I went to the arrival hall, Park Tae-sik was already waiting for me at the entrance of the arrival hall.
“Something happened while I was there.”
“Pretending to be busy.”
“How good would it be if you pretended to be busy? I do all the foreign affairs, but to be honest, I’m dying.”
Park Tae-sik puts a shoulder strap on me with an expression of understanding.
“Is that why you asked me to come back to Korea?”
“no. Even if foreign affairs are difficult, I must continue.”
“Otherwise, why did you ask me to come?”
“Because there is no need for you to stay at the Japanese branch. Watts has already become a popular SNS in Japan, and there are many stores that sell Watts Pay.”
“What are you talking about? I don’t know Watts, but Watts Fay is still a long way off. That means there aren’t many actual users.”
In order for the pay service to be activated in the conservative Japanese market, money must be poured like water through payback or bait products.
But if the gains from doing it were great, that wasn’t it either.
“Compared to the money spent on the pay service, the profit is only a handful. So, it is enough to maintain the level of payment at convenience stores and marts with virtual currency.”
“Still, I’ve put in all the effort I’ve put in… … .”
“You know better that pay service is hard to produce results in a short period of time, right?”
Park Tae-sik also lets out a shallow sigh as if he had no choice but to admit it.
“phew… … okay. Then what can I do in Korea?”
“You acquired a stake in Tesla Motors this time. They say they are doing a pilot service from Korea, so you take full responsibility.”
“You want to sell a car?”
“no. You can prepare additional services related to the automobile industry. For example, there will be sectors such as installment finance, insurance, and care services.”
Park Tae-sik keeps his eyes wide open and his mouth wide open. I guess I didn’t expect it at all.
“I am thinking of incorporating cryptocurrency into the service sector.”
“uh… … I can’t imagine.”
“Think carefully. Isn’t Tesla already accepting new car reservations online without border restrictions? Cryptocurrency is a vehicle that fits their business style.”
Pay in advance with virtual currency and process the deposit, or use the monthly installment service.
Same goes for insurance. After giving cash and receiving virtual currency instead of insurance certificate, it is possible to simply refund and renew when it expires.
Of course, it can be done with cash or credit card, but with virtual currency, everything could be done without restrictions such as borders, taxes, and currency exchange.
“Do you like the idea? Deposit and installment services are available worldwide with virtual currency-based data.”
“yes.”
“Are you suddenly attracted to me? Let’s start right away.”
“There is one mountain to overcome before service begins.”
Excited and fluttering, Park Tae-shik urges an answer with his eyes.
“They asked for a pre-test before introducing virtual currency services.”
“test? Are you going to decide after seeing the results?”
“I guess so. Since cryptocurrency is an unfamiliar concept, Tesla must have been reluctant to introduce it right away.”
This would have been presented by any company, not just Tesla. It was a time when the stability and various characteristics of cryptocurrency were not recognized yet.
“So, we decided to do a pilot service in Korea first.”
“korea? hmm… … How are you?”
“How is it? Korea is a representative country of early adopters. The younger generation has no hesitation in using new products, and they are very familiar with IT and cryptocurrency.”
“I heard that Korea is the best place?”
There is no better place on earth to find, Korea is the best test bed.
“So let’s take this opportunity to properly show the potential of cryptocurrency.”