The banking sector has long been untrustworthy, taking advantage of customers while implementing centralized and opaque practices which serve to only benefit financial institutions. In essence, you lose your hard-earned money while wealthy bankers add to their stockpiles. Luckily, the days of these unfair business practices are coming to an end.
Be Your Own Bank
Only time will tell what will happen to traditional financial institutions, but history suggests no institution is too big to fail. With FinTech companies disrupting and undermining these pillars of power, banks are watching their relevance wane. With the emergence of Bitcoin and its underlying blockchain technology, the time is right — especially following the last decade’s banking crisis, which still has the global economy on a path to recovery.
Blockchain-driven cryptocurrency technology has laid the foundation for Hoard – a decentralized financial services company with a mission to simplify blockchain-based financial services and improve the cryptocurrency experience.
The founders of Hoard are no strangers to the modus operandi of the banking sector. In fact, one of them had been part of the industry before saying his goodbyes to the system. From working with banks while embracing the shifts in the new economy to addressing the lack of design thinking and consumer-driven development, Hoard was born from the premise of wanting things faster, simpler, and more secure.
Hoard was created by a small group of forward-thinking individuals who wanted to solve the shortcomings found in the traditional banking sector. Their platform puts the power of banking in the user’s hands, as opposed to the centralized counterparts of banks and card processors. In doing so, Hoard provides the right set of financial tools, security protocols, and customer support channels — features which will make the whole process of ‘being one’s own bank’ easier and less expensive.
Hoard is not meant to be a bank. Rather, it is meant to reinvent the bank. The platform accomplishes this by leveraging the qualities, capabilities and market interests of cryptocurrencies with a blockchain platform that provides an all-in-one crypto-banking and investment solution. More importantly, it is not confined to just one cryptocurrency or token, and its open source blockchain initiative allows users to bank with the cryptocurrency of their choice.
With Hoard, users can send, receive or hold value in any cryptocurrency. As noted by the platform’s co-founder and CEO Jason Davis:
Our mission is to build a platform that empowers anyone, anywhere in the world, to hold, track, transfer, and transact with any blockchain-based or digital asset, privately and instantly, from their mobile device.
Co-founder and CTO Dan Lipert reinforces this sentiment by stating:
We’ve started with a user-centric and multi-currency wallet that puts user interests first, empowering them to participate in the cryptocurrency ecosystem. While our roadmap is extensive, our goal is to make navigating the crypto-finance world as simple as putting coins in a piggy bank. Hoard will ensure that everyone around the world has access to next-generation financial tools.
With Hoard, cryptocurrencies are accessible to anyone and banking is affordable for everyone. Learn more about Hoard and the team: https://www.hoardinvest.com/
What do you think about Hoard? How will it help facilitate broader acceptance and use of cryptocurrencies? Let us know in the comments below!
Images courtesy of Hoard, Pexels