Women Pioneers in the Web3 Field: The Struggles of a Serial Entrepreneur

In the Web3 industry, there is a Chinese female entrepreneur who, with her courage, wisdom, and perseverance, has carved out her own space in this challenging and opportunity-filled field. She is Maggie Wu, the CEO of TruBit, a steadfast advocate for the Web3 industry. Her story is an inspiring tale of struggle, expected to encourage more women to boldly pursue their dreams.

Continuous Entrepreneurs Who Constantly Challenge Themselves

Maggie Wu's entrepreneurial journey began during her university years. While her classmates were still immersed in campus life, she was already interning at major companies, accumulating valuable industry experience. In her own words: "I clearly defined my goals early on and was willing to do everything to achieve them."

After graduation, she went to the United States to engage in international trade, earning her first pot of gold in life through hard work and intelligence. However, she was not satisfied with this. Maggie Wu defines herself as a "serial entrepreneur" who enjoys exploring new things, and this curiosity drives her to keep moving forward.

During the global financial crisis of 2008-2009, when most people were in panic, Maggie Wu keenly captured new opportunities and resolutely stepped into the investment field. This decision not only changed the trajectory of her life but also laid the foundation for her future entrepreneurial path.

In 2017, the wave of blockchain swept in. Through a friend's introduction, Maggie Wu was introduced to Bitcoin. She was deeply attracted by the potential of this emerging technology and began to study blockchain white papers and the Ethereum ecosystem in depth. After careful consideration, she firmly believed that the blockchain and Web3 industry had great prospects, so she decisively threw herself into it and established a fund dedicated to investing in digital assets.

During the investment process, Maggie Wu came into contact with and conducted in-depth research on numerous cryptocurrency exchanges, accumulating rich knowledge and experience. Later, during a market research trip to Latin America, she saw the development potential of crypto finance in the region, which led to the start of her entrepreneurial journey with TruBit.

From international trade to the investment sector, and now firmly immersing herself in the Web3 industry, Maggie Wu's every transformation showcases her characteristic of daring to challenge herself. When asked why she enjoys constantly challenging herself, she candidly stated: "This may stem from my personality; I have a natural inclination to explore new possibilities."

Influenced by her family environment, Maggie Wu has been curious about the business world since childhood. During the summer vacation of elementary school, she tried to start some small businesses and early on experienced the logic of buying low and selling high. She smiled and said, "I hope to not only go from 0 to 1, but to continuously challenge myself, break boundaries, and achieve from 1 to 10000."

The Rise of TruBit: Adhering to Compliance Operations and Diversified Team Management

The birth of TruBit is a result of both accidental opportunities and inevitable persistence.

A chance trip to Latin America allowed Maggie Wu to discover huge market opportunities. In this vibrant yet complex land, she keenly noticed that the Latin American market is facing issues such as inflation, currency instability, and a large population unable to access bank accounts, making it exceptionally difficult to obtain USD and other fiat currencies. The decentralized nature and convenient transactions of digital currencies can just provide solutions to these problems. Maggie Wu realized that this market holds infinite possibilities and is determined to embark on a new entrepreneurial journey here.

Thus, she unhesitatingly plunged into the Latin American market and founded TruBit—a compliant digital currency platform. This platform not only covers digital currency trading but also extends to various application scenarios such as payments, providing services for both B-end and C-end customers, dedicated to bringing more convenient and efficient financial solutions to the local market.

TruBit represents a bold attempt by Maggie Wu in the Web3 field. She expressed with great aspirations: "Our vision has always been consistent, which is to promote the popularization and application of blockchain technology, making it truly integrated into mainstream society and creating broader value."

"Compliance operation" is a basic requirement set by Maggie Wu for TruBit. However, the compliance of digital currency-related business in Latin America is almost an unprecedented attempt. Regulatory agencies know very little about this emerging business and are unsure how to regulate it.

The process of obtaining a license is more challenging, as it is long and arduous. From preparing materials to communicating with regulatory agencies, each step requires a significant amount of time and effort. During this period, issues such as financial pressure and team management came one after another. Many companies chose to give up in the face of these difficulties, but Maggie Wu did not. With her unwavering faith and tenacious perseverance, she led the team to persist. After three years of hard work, they finally obtained the first compliant operating license for digital currency in Mexico.

"Persistence is the key to our success," she concluded. "Throughout this process, I not only learned how to communicate with people from different cultural backgrounds, but also honed my ability to stay focused and move forward amid challenges and uncertainties."

The team members of TruBit come from different countries and cultural backgrounds, including Mexicans, Americans, Chinese, Argentinians, Brazilians, and more. How to lead such a diverse team is another important challenge she faces.

"The first thing is respect, respecting the culture and customs of each country," said Maggie Wu. "We cannot manage everyone with one model; instead, we need to adapt to local conditions, understand the ways of thinking in different cultural contexts, and build a foundation of mutual trust and cooperation."

At the same time, she also focuses on selecting talents that align with the company's philosophy. During the recruitment process, she conducts multiple rounds of interviews and tests, assessing not only the candidates' professional abilities but also their learning capacity, teamwork skills, tolerance for different cultures, and whether they resonate with the company's values. She hopes that team members can be proactive, continuously learn, and grow together with the company. Under her leadership, although the TruBit team is small in number, each member is outstanding, capable of working independently and closely collaborating to drive the company's growth and innovation.

Currently, TruBit is focusing on applying digital currency and blockchain technology in the field of cross-border payments. "We see tremendous potential for digital currency in cross-border payments, as it can effectively address many pain points of traditional payment methods," said Maggie Wu. "Our goal is to provide businesses with efficient and low-cost cross-border payment solutions."

TruBit is currently focused on B-end clients. Maggie Wu believes that the demand for digital currency in the B-end market is huge. In Latin America, companies have primarily relied on SWIFT for cross-border payments, but this method not only takes 5-7 days to process, but the fees often reach 2%-3%, leaving companies with no better options. TruBit, relying on a professional team and compliant operations, provides a more efficient and cost-effective solution, with funds usually arriving within minutes to tens of minutes, and transaction costs below 1%.

At the same time, TruBit is also continuously expanding its C-end market. For Latin American immigrants in the United States, cross-border remittances have traditionally relied on conventional remittance services, which not only have high fees and slow speeds but also require operations at physical outlets. Now, they can complete transfers through TruBit at a lower cost and faster speed. Additionally, TruBit serves B-end clients, indirectly reaching more C-end users through a B2B2C model, allowing more people to enjoy more efficient and inclusive cross-border payment services, integrating the application of digital currency into everyday financial scenarios.

"Her" Power Awakens: Leading a New Journey for Women Entrepreneurs

As a female leader who has achieved certain accomplishments in the Web3 industry, Maggie Wu has a deep understanding of the role of women in this field. "It's amazing to see more and more women joining this industry!" she said excitedly, "Although this industry is still male-dominated, the proportion of women is gradually increasing, which gives me hope."

Maggie Wu believes that for women starting businesses in the Web3 industry, it is like walking on a rugged mountain path, with both beautiful scenery and difficult challenges. "Women are generally more resilient than men and can handle pressure better," she said. "We don’t give up easily, even when the road is fraught with thorns; we will find ways to persevere." She also mentioned that women have a relatively strong awareness of risks and are less likely to take risks. "This protects us to some extent from significant losses due to major risks, but it may also lead us to miss some opportunities," she lamented.

When it comes to obtaining investments and resources, women may face more difficulties. Maggie Wu recalls that at some high-end industry events, she often found herself as one of the few women, and sometimes even encountered others scrutinizing her through a biased lens. "People often judge my abilities based on my appearance and gender, overlooking my professional qualifications and achievements." She paused, but then resolutely added: "But I believe women should not shrink back because of this; instead, they should work even harder to prove themselves."

When talking about female role models, Maggie Wu thought for a long time. She believes that a true role model is not just someone who achieves success in business, but more importantly, someone who can have a profound impact on society and the future of humanity, and inspire others on a spiritual level. "In fact, there are many excellent female role models in this world, and everyone has something worth learning from. For me, the key is not gender, but the wisdom, courage, and influence they exhibit," she said.

Maggie Wu firmly believes that excellent female leaders share some common traits, such as resilience, ambition, and knowledge. "These traits enable us to persevere in the face of difficulties, set higher goals, and solve problems with knowledge," she said. "But everyone has their own unique experiences and personality, and these experiences and personality ultimately shape our unique selves."

For young women who want to enter the Web3 industry, Maggie Wu has many suggestions. She emphasizes that first, they need to think clearly about their goals and define what kind of person they want to become. Before entering this industry, they should conduct in-depth understanding and research of the industry and develop a clear career plan. She also reminds young women to be cautious when choosing job and internship opportunities. When submitting resumes, they should consider whether the job can enhance their skills and whether it aligns with their career plan.

Maggie Wu is confident about the future of women's power. "I believe that as more and more women join this industry, the power of women will be seen by more people," she said. "We can not only succeed in this industry but also bring unique perspectives and value to it."

Maggie Wu's story is a brilliant showcase of women's emergence in the Web3 industry and a powerful interpretation of "her" strength.

Introduction to Maggie Wu

Maggie Wu is a pioneering figure in the cryptocurrency field with many years of experience, as well as an outstanding investor and entrepreneur, with over 20 years of global multi-industry experience.

In 2020, Maggie Wu founded Galactic Holdings, dedicated to empowering users in Latin America through digital financial products. Its subsidiaries, including TruBit Business, TruBit Wallet, MasterCard prepaid card, and TruBit Pro trading services, provide users with comprehensive digital financial solutions. TruBit initially offered compliant fiat deposit and withdrawal services in Mexico, Argentina, Colombia, Peru, Brazil, and Hong Kong, and has now expanded its trading, remittance, and payment services to Asia, Latin America, the United States, and Europe.

Under the leadership of Maggie Wu, TruBit has emerged in the field of stablecoin-driven global payments, not only revolutionizing traditional bank transfer models but also promoting the widespread use of cryptocurrency globally.