Most importantly, cryptocurrencies allow individuals to take complete control over their assets.
Cryptocurrencies are usually not issued or controlled by any government or other central authority.
It’s secure because all transactions are vetted by a technology called a blockchain.
A cryptocurrency blockchain is similar to a bank’s balance sheet or ledger. Each currency has its own blockchain, which is an ongoing, constantly re-verified record of every single transaction ever made using that currency.
Digital currencies
Digital currencies provide equality of opportunity, regardless of where you were born or where you live.
The most popular cryptocurrencies, by market capitalization, are Bitcoin, Ethereum, Tether and Solana. Other well-known cryptocurrencies include Tezos, EOS, and ZCash. Some are similar to Bitcoin. Others are based on different technologies, or have new features that allow them to do more than transfer value.
Crypto makes it possible to transfer value online without the need for a middleman like a bank or payment processor, allowing value to transfer globally, near-instantly, 24/7, for low fees.
Cryptocurrencies are usually not issued or controlled by any government or other central authority. They’re managed by peer-to-peer networks of computers running free, open-source software. Generally, anyone who wants to participate is able to.
If a bank or government isn’t involved, how is crypto secure? It’s secure because all transactions are vetted by a technology called a blockchain.
A cryptocurrency blockchain is similar to a bank’s balance sheet or ledger. Each currency has its own blockchain, which is an ongoing, constantly re-verified record of every single transaction ever made using that currency.
Unlike a bank’s ledger, a crypto blockchain is distributed across participants of the digital currency’s entire network
Cryptocurrencies can be used to buy goods or services or held as part of an investment strategy, but they can’t be manipulated by any central authority, simply because there isn’t one. No matter what happens to a government, your cryptocurrency will remain secure.
Digital currencies provide equality of opportunity, regardless of where you were born or where you live. As long as you have a smartphone or another internet-connected device, you have the same crypto access as everyone else.
Cryptocurrencies create unique opportunities for expanding people’s economic freedom around the world. Digital currencies’ essential borderlessness facilitates free trade, even in countries with tight government controls over citizens’ finances. In places where inflation is a key problem, cryptocurrencies can provide an alternative to dysfunctional fiat currencies for savings and payments.
As part of a broader investment strategy, crypto can be approached in a wide variety of ways. One approach is to buy and hold something like bitcoin, which has gone from virtually worthless in 2008 to thousands of dollars a coin today. Another would be a more active strategy, buying and selling cryptocurrencies that experience volatility.
One option for crypto-curious investors looking to minimize risk is USD Coin, which is pegged 1:1 to the value of the U.S. dollar. It offers the benefits of crypto, including the ability to transfer money internationally quickly and cheaply, with the stability of a traditional currency. Coinbase customers that hold USDC earn rewards, making it an appealing alternative to a traditional savings account.
BEST WALLET – A trending new non-custodial hot wallet that supports Ethereum, Polygon, and BSC Mainnet, with future Bitcoin integration. Offers an integrated DEX, portfolio analytics, market insights, upcoming airdrops, and NFT integration.
EXODUS – This versatile iOS, Android, Windows, and Mac wallet caters to long-term investors. It offers real-time portfolio valuation in the user’s local currency and supports over 260 cryptocurrencies.
ZENGO – One of the best mobile hot wallets that allows users to buy, sell, and trade over 120 cryptocurrencies and NFTs from multiple blockchains in-app. Zengo wallet is built on top of open-source cryptography.
BINANCE Wallet – A popular custodial web wallet integrated with Binance’s ecosystem. It supports multiple cryptos and NFTs and offers staking rewards and low-fee trading starting at 0.1%.
BYBIT Wallet – A versatile hot wallet with high security that Supports 400+ cryptos across multiple chains, offers NFT trading, and provides access to dApps.
OKX - Part of the OKX trading platform, this wallet has a built-in bridge aggregator, which facilitates the discovery of optimal interest rates for staking and yield farming.
Wealth management is the process of making decisions about your assets, sometimes with a wealth manager. This includes, but isn’t limited to, financial investments, tax planning, estate planning and other financial matters.
The goal of wealth management is to help you achieve financial security and grow and protect your wealth.
A wealth manager is a certified professional who provides financial advice and services to clients who need wealth management help. They are a licensed financial professional who typically provides a comprehensive range of services. These may include investment management, financial planning, insurance sales, tax advice and estate planning.
Wealth management is an investment advisory service that uses financial services to address the needs of affluent clients. Using a consultative process, the advisor gleans information about a client’s wants and specific situation. They then tailor a personalized strategy that uses a range of financial products and services to help the client achieve their goals.
Wealth management often takes a comprehensive approach. That is, to meet the complex needs of an affluent client, a broad range of services—such as money management, financial planning, investment advice, estate planning, accounting, life insurance, retirement, and tax services—may be provided.
AICB and PwC Malaysia collaborated on a webinar entitled “Digital Banks – Why Will They Matter?”, on 20 May 2020 @ 10 am. Moderated by AICB CEO Prasad Padmanaban, the discussion centred on the advantages that digital banks have over traditional banks and how they are changing the global banking landscape; the strategies and technologies employed by digital banks to engage with their customers on a personal level, and their willingness to embrace new business models. Key speakers from Pwc Malaysia Ching Chuan Ong and Marcus von Engel also provided updates and highlights on Malaysia’s digital banking licence plan by the Malaysian Central Bank, and shared global insights on how challenger and incumbent banks can seize the many opportunities available to enhance their customers’ banking experience. The webinar was attended by close to 300 participants, who actively engaged with the speakers through the Q&A session and chats...Watch now.