Chapter 186 – Control
Woosung continued, “To accomplish this dream, many companies have agreed to participate in this project. I have over 50 companies that have already signed the contract and I expect this number to grow fast.”
Woosung took a sip of water and continued, “Very soon, the majority of the stores in Korea will be using this cryptocurrency. Korea is now one of the top 10 trade countries in the world. If we get this transaction system going, I guarantee you that Korea will be on top of the world. When this happens, can you imagine what kind of advantages you would have as a Korean businessman?”
Some raised their hands. Woosung pointed at one person for a question.
“It sounds like you just want to eliminate the exchange rate issue. Even with the Coconut Coins, you can’t completely eliminate different exchange rates between different countries. What do you say to that?”
Woosung replied, “Imagine. Korean won, Japanese yen, Chinese yuan, and euros. All these and the dollar will disappear. Only one currency will exist. What do you think would happen when this is accomplished?”
None of the CEOs have thought about it, so they couldn’t answer, but one thing was for sure. It would be easier to run their businesses.
Woosung continued, “Coconut Coin can already be used on POS manufactured by Coconut company. The system is now fully functional. That is all I need to say.”
No one left the room.
Woosung looked around and added, “Any more questions?”
A few raised their hands. The Q&A period continued.
Even after the session, people didn’t leave. It was as if they were waiting for Woosung to leave first.
Jang Gwangchul finally announced, “That’s the end of this meeting. You are all free to go.”
Some stood but most kept glancing at Woosung.
One CEO raised his hand and asked, “Could we get some private time with President Kang?”
“Unfortunately, no. We have no plans to have any more meetings like this in the near future.”
Many sighed in disappointment.
Another CEO asked, “May I suggest arranging a conference? This time, we can include all the subsidiary companies.”
Another CEO added, “We should also include any other companies that would like to join. I would also appreciate more of your opinions on different business matters, President Kang.”
Many nodded in agreement.
A bald-headed CEO added, “Most people here attended this meeting in hopes to see you and talk to you in person. Am I right?”
Most people nodded. “My understanding is you created this agency to help businessmen like us. If you just have one meeting, you would be no better than any other agencies.”
Woosung nodded. “I understand. It’s too late for that today, but I will make sure to arrange another event very soon.”
Finally, people stood up and left.
When they returned to their office, Jang Gwangchul sat down and said to Woosung, “You are so popular. Everyone wants to meet you.”
“It’s because I’m rich.”
“I guess you are the richest person in the world.”
“But not compared to the Saudi Arabian oil tycoons.”
“Is that why you are going ahead with this project?”
Jang Gwangchul said worriedly, “I think it’s too dangerous to publicly talk about replacing the dollar system.”
Woosung laughed, “Haha, I’m not that bold. I am just working to make this world a little more convenient. I get a lot of information. You have no idea how much money I spent on the US government.”
“So the rumor is true that you have a strong connection in the American government.”
“Not just there. I have some in Japan, too, and China; everywhere.”
Jang Gwangchul swallowed and asked, “Shouldn’t I know about these things?”
“As I’ve said before, it would be better to have the least number of people to know about these unsavory businesses.”
The bitcoin price continued to go up again at the news of Woosung’s involvement in the cryptocurrency industry.
“Bitcoin reaches 50.10 dollars.”
“How high will it go?”
“Kang Woosung’s cryptocurrency to engulf the world.”
Choi Gichul wondered, “I can’t believe it really reached over 50 dollars. How could this happen?”
Jung Jinsup looked at the screen in disbelief. He remembered how he lost all his money.
“People can get crazy.”
“I was like that too. Thank goodness I got out when I did.” He sounded fearful.
Choi Gichul nodded in agreement. “I guess. It only took 5 hours for the price to go from 40 dollars to a dollar last time.”
“It was actually 2 hours and 30 minutes.”
Should he buy?
Choi Gichul wondered. Choi Taemin ordered him to collect bitcoins, but if he lost money on it, he knew he would be blamed.
Jung Jinsup asked, “Why? Are you interested?”
“Of course. It would be the quickest way to make a lot of money.”
“But you are so rich already. Do you still need more?”
“What are you talking about? You and I both know the more you have the better. So what do you think? Should I go ahead?”
“It’s a huge gamble. You could lose everything, but you could also gain an amazing profit. It was like that for me.”
“If you get in with hundreds of millions of dollars, you probably could actually control the price.”
Choi Gichul’s eyes widened.
“The government allows and promotes the use of blockchain.”
“Bitmain and Bit Trading make huge profits.”
“KND announces to make every kind of payments in its own cryptocurrency.”
“Companies belonging to Korean Business Agencies agree to participate in the new cryptocurrency project.”
The price of bitcoins rose even higher.
Choi Gichul couldn’t hide his disappointment. He still hasn’t purchased any bitcoins in fear of losing money.
And finally, it reached 100 dollars.
“Should I buy…” Choi Gichul wondered.