#CryptoCorner: Jason Davis, CEO of Hoard, Talks About the Latest News from #Fidelity and the Development of Retail #Investment in #Crypto
October 18th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App
Point Roberts, WA and Delta, BC - October 18, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news reports on what's driving the cryptocurrency markets with today's edition of Crypto Corner, now available in podcast.
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#CryptoCorne: Jason Davis, CEO of Hoard, Talks About the Latest News from #Fidelity and the Development of Retail #Investment in #Crypto
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Jason Davis, CEO of Hoard, Talks About the Latest News from Fidelity and the Development of Retail Investment in Crypto
Hoard is a cryptocurrency wallet, exchange, and payments platform. The company focuses on offering a better user experience for peer-to-peer transactions, merchant services, portfolio growth and financial management with cash, cryptocurrencies and blockchain technology.
It was recently reported that U.S. investment giant Fidelity was launching "Fidelity Digital Assets", which will offer services for cryptocurrencies to institutional investors. With the seemingly bearish trend of the crypto market for the better part of the past year, it may seem counterintuitive for a company like Fidelity to take the risk of getting involved in the space. Jason Davis, CEO of Hoard, a crypto wallet, exchange and payments platform, explains why it is important for firms like Fidelity to get involved.
"Fidelity gets it," he said. "Banks love to innovate, but they're very risk averse. I think with Fidelity leading the charge, others will soon follow."
Davis said the unpredictability of the crypto space explains why ventures like Fidelity Digital Assets do not extend trading to retail investors, but that companies like Hoard are and will continue to expand these services.
"The overall market is still too young and volatile for large institutions like Fidelity to roll this out to retail consumers," he said. "However, others will do it in time. This is another reason why Hoard exists. We're going to be tackling the retail side while they tackle the institutional side."
While the crypto market may not appear as hot as it was last fall, Davis stressed the importance of "old guard" institutions adopting crypto and blockchain as a means of signalling its legitimacy to ordinary consumers.
"I think validation is extremely important to anything new," he said. "Much like risk averse banking, waiting for someone else to do it, customers are waiting to see the old guard get involved. This will bring validity to retail consumers. Let's not forget, if you bought bitcoin from your bank, it's still bitcoin. It's the same censorship-resistant peer-to-peer electronic cash system, and no banks can take that away."
Sam Mowers, Investorideas
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Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (<NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations. https://www.fliptopay.com/
Genesis Exchange and Wallet App by Genesis Blockchain Technologies (GBT)
GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange.You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at http://www.mygenesis.io
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