Here is the Dadiani syndicate, an idea of art dealer Eleese Dadiani. Her gallery, Dadiani Fine Art, was the first to accept cryptocurrency payments in 2017 .
Dadiani initially founded the “Syndicate” as a sort of crypto-concierge service for the elderly. This allowed holders to pay their cryptographic gains on luxury goods such as yachts and bullion. She once helped an anonymous Chinese billionaire buy four “used” Formula One cars with $ 4 million worth of Litecoin.
However, she found that there were “people who wanted us to help them buy huge amounts of Bitcoin.” Correctly read: enormous amounts of Bitcoin!
Dadiani says she sees her role very much as in the art world: she brings people who want to sell along with those who want to buy.
One customer turned to them for a request to purchase 25% of the currently available Bitcoin inventory. That would be over 4.4 million – to have at current prices for 38.6 billion US dollars. Of course that does not work, but Dadiani’s job is to get as close as possible to the 25%.
One of the biggest challenges is to buy large volumes of bitcoin without impacting the market and causing a “divergence” between the expected trade price and the price executed. Clear that she avoids using stock exchanges.
They also do not use AML or KYC techniques, she says. Only in dealing with people who are customers of reputable banks, they would comment: “It is up to them to ensure that their customers comply with the rules.” However, it remains unclear where to find today a “reputable” bank …
At the very least, according to Dadiani, they say that interest in Bitcoin has never subsided, “even though the media paint a very different picture.” As for the Dadiani Syndicate, their customers are only interested in Bitcoin:
THERE IS LITTLE INTEREST IN OTHER CRYPTOCURRENCIES, BUT WE WILL NOT BE LONG AND WOULD BE OPEN TO OTHERS IN THE FUTURE IF CUSTOMERS WISH. IF SOMEONE WANTS TO HAVE LARGE AMOUNTS OF ETHER OR ANOTHER IMPORTANT CRYPTOCURRENCY, WE COULD PROBABLY FIND A SELLER.
Dadiani originally wanted to launch her own Dadicoin at the end of 2018 – but so far this has not happened, though her gallery website still claims that this would happen “later this year” – probably due to a lack of updating.
Categories: Crypto Currency