MEXC x Concordium AMA – “Join the PayFi Summer”

On July 1st, 2025, Triple B - Boris Bohrer-Bilowitzki, Concordium’s CEO, joined MEXC for a high-signal AMA that cut through the noise. What followed was a clear, structured walkthrough of Concordium’s PayFi strategy, identity-first architecture, and what makes it the most regulation-ready blockchain infrastructure on the market. Below is a section-by-section summary capturing the key takeaways.

1 Who is Boris Bohrer-Bilowitzki, and Why Concordium?

1 Who is Boris Bohrer Bilowitzki and Why Concordium

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• Boris Bohrer-Bilowitzki is CEO of Concordium
• Commonly referred to as “Triple B” due to the complexity of his name
• Recently recovered from illness; this session was rescheduled
• Background
  • 8+ years in the blockchain space
  • Founding partner at Copper (custody and prime brokerage firm)
  • Left Copper in late 2024 to join Concordium
• Motivation
  • Intrigued by Concordium’s original identity-focused vision
  • Committed to realizing the project’s foundational mission
  • Expressed mixed feelings about the current state of the crypto industry
• Comments:
  • https://t.me/c/1659427635/31251

2 Why Concordium? Real Problems Over Hype

2 Why Concordium Real Problems Over 1 Hype

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• First encountered Concordium at Copper, when it sought custody support
  • Initial intrigue during early 2022, amid “permissioned DeFi” discussions
  • Noted Concordium’s early positioning around identity and regulatory clarity
• Key differentiators
  • Identity at the base layer—not an afterthought
  • Vision aligns with solving real-world problems, not riding crypto hype
  • Rejects the dominant cycles of meme coins and speculative smart contracts
  • Critique of smart contracts’ custodial misuse, which he views as flawed
• Broader industry context
  • Web3 has 5–10 million active users vs. 5+ billion internet users
  • Current industry lacks real-world adoption pathways
  • Hype cycles have failed to deliver mainstream utility
• Concordium’s purpose
  • Focus on execution, trust, and real-world integration—not speculation
  • Built as a purpose-driven Layer 1 for PayFi
  • Strategy launched in February 2025 to converge payments and programmable finance
• Long-term vision
  • Enabling smart money infrastructure for stablecoin issuers, fintechs, and institutions
  • Target is mainstream, everyday use—from buying coffee to trade finance
  • Goal: lay the rails for compliant, programmable, real-world payments

3 From Broad Blockchain to PayFi Specialist

3 From Broad Blockchain to PayFi Specialist

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Project origins

• Founded by Lars Seier Christensen (ex-CEO, Saxo Bank)
• Built with regulatory compliance as a core principle from day one
• Initial vision was early for the market, launched during a speculative phase of NFTs and meme coins
• Why the project endured
  • Technology has been live and battle-tested for over 4 years
  • Financial resources used wisely; lean and resilient operations
  • Focus on long-term impact over short-term hype
• Strategic pivot
  • Boris joined in September 2024 with a clear direction: PayFi
  • Full leadership overhaul across commercial, tech, and marketing
  • Go-to-market launch initiated in February 2025
  • Shifted away from broad positioning to focus on payments and programmable finance
• Execution to date
  • 8+ stablecoin issuers already committed
  • Ecosystem traction in gaming and online platforms (e.g. 5tars, Panenka)
  • Over 100,000 transactions on-chain
  • Summer 2025 announcements expected to position Concordium as the primary chain for regulated stablecoins
• Strategic positioning
  • Focus is outside crypto-native use cases
  • Vision for stablecoins that serve more than trading, DeFi, or collateral
  • Targeting payments, remittances, and regulated financial infrastructure
• Market readiness
  • US market unlocked from a legal and compliance perspective
  • Regulatory-grade infrastructure positioning Concordium for institutional adoption
  • Big ecosystem news anticipated to broaden market visibility and validation

4 Can The Team Execute? Proven Track Records and Early Validation

4 Can The Team Execute Proven Track Records and Early Validation

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• Leadership team highlights
  • CEO: Boris Bohrer-Bilowitzki (ex-Copper, led institutional growth)
  • CTO: Peter Marirosans (ex-QT CTO, expert in scalable infrastructure)
  • CMO: Varun Kabra (ex-Google, YouTube, Proton, Revolut, Tezos)
  • CCO: Mike Milner (ex-Copper, global head of sales, deep in institutional and crypto-native sectors)
  • CFO: Jørgen Hauglund (longest serving team member, strong financial control and discipline)
  • COO: Arvind (ex-Barclays, institutional scaling and operations)
• Team growth and structure
  • Headcount doubled from ~30 to 70+ in six months
  • Deep technical roots in cryptography and blockchain engineering
  • Engineering base in Aarhus, Denmark—linked to top-tier academic cryptography talent
• Offices in:
  • Zurich (R&D, ETH university collaboration)
  • Copenhagen (finance and ops)
  • Aarhus ( cryptographic engineering HQ)
  • London (commercial HQ)
• Execution signals
  • Strategy restructuring completed within months
  • Clear product-market fit demonstrated post-February 2025
  • Market response confirms Concordium’s new direction resonates
  • Well-positioned to benefit from regulatory tailwinds in coming months
• Outlook
  • Project now aligned, staffed, and structured for institutional-grade execution
  • The party for Concordium will start over the next 1-2 months

5 Security Is Not Enough—Concordium Prioritizes Trust, Identity, and Legitimacy

5 Security Is Not EnoughConcordium Prioritizes Trust Identity

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• Most blockchain hacks stem from smart contracts—not Layer 1 flaws
  • Concordium avoids this by minimizing reliance on smart contracts
  • Core infrastructure is hardened at the protocol level
• Industry still early and credibility-challenged
  • Post-FTX and recurring scams have eroded trust
  • Many ecosystems are driven by viral tokens with no real utility
  • Retail adoption remains extremely limited
• Concordium’s focus
  • Designed for real-world readiness, not DeFi compatibility
  • Aims to enable regulated financial use cases, not chase hype cycles
  • Prioritizes identity, compliance, and transparency at the base layer
• Identity-first design
  • Compliance-first architecture built for long-term adoption
  • Emphasizes zero-knowledge verified identity for privacy-preserving legitimacy
  • Targeted at enabling programmable money aligned with formal regulation
• Strategic differentiation
  • Doesn’t aim to "pick a fight" with Ethereum, Solana, or DeFi-native chains
  • Focused instead on unlocking real-world applications where trust and regulation matter
  • Rejects the idea of “instant DeFi revolution” as naïve—advocates gradual, compliant transition

6 Can Compliance and Privacy Coexist? Concordium Says Yes

6 Can Compliance and Privacy Coexist Concordium Says Yes

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• PayFi demands regulation-ready infrastructure
  • Global institutions (e.g., Bank of America, Amazon, Walmart) moving toward stablecoins
  • Concordium aims to enable mainstream PayFi use, beyond crypto-native circles
• Regulation is the key barrier to real-world adoption
  • Every serious issuer is constrained by compliance requirements
  • Regulatory clarity is improving globally (e.g., MiCA in Europe, “Genius Act” in the US)
  • Opportunity lies in growing adoption beyond the crypto-native user base
• Real-world adoption requires usable, secure tech
  • Web2 users struggle with wallet UX, seed phrases, and key management
  • Real adoption needs better tooling and embedded identity
• Concordium’s approach
  • Combines identity, compliance, and privacy preservation at the protocol level
  • Enables KYC/AML without compromising user data
  • Built to scale with fast finality and high throughput for Visa-level transaction volumes
• Unique position
  • The only chain that natively integrates identity + compliance + privacy
  • Many other chains now trying to retrofit what Concordium built from day one
  • Governance and technical architecture already aligned with this model
• Path to long-term success
  • Native identity on the base layer
  • No reliance on smart contracts for core compliance logic
  • Protocol-level issuance, built-in privacy, scalable consensus
  • Delivers what mainstream adoption actually requires: privacy-preserving, compliant, scalable money infrastructure

7 What Are PLTs, and Why Do They Matter for Real-World PayFi?

7 What Are PLTs and Why Do They Matter for Real World PayFi

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• Protocol-Level Tokens (PLTs) are launching in the next protocol update
  • Native issuance directly on L1—no smart contracts required
  • Removes custodial risk and reduces surface area for exploits
• Combined with Concordium’s identity layer
  • Enables compliance logic at the protocol level
  • Fully abstracted from Layer 2 dependencies
  • Fork-free consensus and zero-knowledge privacy built-in
• Benefits for issuers and developers
  • One-stop, base-layer tech stack
  • True programmable money: issuers can tailor logic to specific use cases
  • Enables new business models without compromising security or privacy
• Example use case: age-verified payments
  • Regulators no longer accept “click to confirm age” for adult content or gambling
  • Concordium can enforce “over 18” checks via ZK identity—without revealing documents
  • Payments only execute if identity verification returns a compliant signal
• Industry context
  • Porn and gambling sites facing regulatory pressure in 18+ U.S. states
  • Current Web2 KYC solutions (passport upload, etc.) are non-viable for most users
  • Concordium offers a privacy-preserving alternative that satisfies regulators
• Strategic relevance
  • Verticals like adult content and gambling represent high-TVL opportunities
  • Concordium solves both market access and regulatory compliance
  • Supports real-world adoption while preserving user privacy
• Additional traction
  • Key wallet and infrastructure integrations underway
  • Big ecosystem announcements expected to accelerate use case adoption

8 How Does Concordium Bring Web3 to Everyday Users?

8 How Does Concordium Bring Web3 to Everyday Users

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• Use cases enabled by Concordium’s smart money framework
  • Remittances with identity checks
  • Payroll disbursements with compliance locks
  • B2B payments with regional/geofenced restrictions
• Identity verification built into the wallet setup
  • Users complete a simple KYC flow (e.g. driver’s license photo)
  • Verified by trusted IDPs (e.g. Sumsub, Onfido, etc.)
  • Resulting in a cryptographic identity object attached to the wallet—not stored data
• Privacy-preserving compliance
  • No sensitive documents stored or exposed on-chain
  • Verifiers only receive binary signals (e.g. “Over 18?” → Yes/No)
  • Geofencing example: token valid in EU, except Lithuania
• Programmable money made practical
  • PLTs enable tokens to unlock only after KYC
  • Built-in logic can handle use cases like vesting, jurisdictional restrictions, etc.
  • No smart contracts or L2s involved—everything operates on the base layer (L1)
• Real-world readiness over DeFi compatibility
  • Concordium prioritizes usability, regulation, and secure identity over DeFi-native flexibility
  • Designed to support actual business flows rather than experimental finance
• Long-term infrastructure vision
  • Concordium aims to operate like HTTP for programmable money
  • Invisible, compliant, and foundational to the next generation of finance
  • Built to run silently in the background—reliable, scalable, and regulation-aligned

9 How Is Concordium Growing Its Community and Ecosystem?

9 How Is Concordium Growing Its Community and Ecosystem

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• Rapid recent growth
  • Over 20,000 new members joined X and Telegram in the past 6–8 weeks
  • Multiple active community channels across platforms
• Regular community engagement
  • Weekly X Spaces and Discord sessions
  • Recurring town halls with leadership
  • Transparent, ongoing communication with community members
• Campaigns and partnerships
  • Frequent staking and trading campaigns with partners like MEXC
  • New exchange listings underway after years of silence
  • Co-marketing with ecosystem partners to expand visibility
• Builder support and DevNet
  • Dedicated DevNet environment for builders developing real-world use cases
  • Late-summer hackathon planned alongside new features going to testnet and mainnet
• Governance activity
  • Recent elections brought two new governance committee members
  • Committee manages tokenomics, consensus, and protocol-level parameters
  • Fixed transaction costs: $0.01 for basic transfers, ~$0.03 for complex transactions
• Tone and commitment
  • Acknowledges OG contributors in community chats
  • Leadership reads and values community feedback—even if replies can’t always be immediate
  • Strong emphasis on remaining community-driven as Concordium scales

10 Final Message: Concordium Is Ready—Are You?

10 Final Message Concordium Is ReadyAre You

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• Blockchain infrastructure should be simple, compliant, and invisible
  • Concordium abstracts away complexity (no smart contracts, no rollups, no L2s)
  • Built to support a world where stablecoins sit alongside fiat in everyday finance
• Four years of deep protocol work now coming to fruition
  • Native identity, protocol-level issuance, and regulatory-grade design are live
  • No one else has built this architecture—others are still trying to catch up
• Concordium is for those who believe the real blockchain revolution is still ahead
  • Not hype-driven
  • Not just crypto-native
  • A foundational layer for compliant, privacy-preserving global finance
• Ways to get involved
  • Join the conversation on X, Telegram, Discord
  • Subscribe to the monthly newsletter at concordium.com
  • Watch for major announcements in the coming weeks

Wrap-up

The message was unmistakable: Concordium isn’t here to compete with hype cycles—it’s here to build the infrastructure that enables real-world adoption. With protocol-level identity, native issuance, and a razor-sharp focus on PayFi, the chain is finally ready for its moment. The only question left: Are you?