CEO Insights team , 0
With the advent & adulation of Blockchain revolution, digital assets such as Bitcoin Cash (BCH), Ripple (XRP), Tether (USDT) & Stellar (XLM) are growing in popularity across the world. Moreover, alike securities, shares & properties, these ‘cryptos’ are being seen as a lucrative investment option by a vast number of investors globally; more so because India, one of the largest economies in the world, has also now lifted the ban on Cryptocurrency.
At this interesting juncture, CoinLock, a London based Cryptocurrency platform, has come up with the world's first Cryptocurrency trading & payments platform designed to increase every coin's utility. After two years of rigorous development & testing, the firm has introduced measures to alleviate the pain points of Cryptocurrency consumers such as, lack of utility, volatility & crippling fees. “Through exhaustive market analysis, CoinLock identified and alleviates three primary pain points for Cryptocurrency consumers: lack of utility, volatility and crippling fees. And in order for Cryptocurrency to become mainstream, it needs to be easy to use, fast, and free,” explains Rikky Hasan, CEO, CoinLock, who boasts of his immense financial industry experience, working at managerial positions of various
CoinLock will revolutionize Cryptocurrency by offering streamlined hedging and leverage opportunities at a fraction of the time and cost of its competitors
globally renowned financial firms such as like Citi, and Man Group which is one of the world's largest publicly traded hedge funds.
The services of the company also includes a facility to hedge and lock-in a fixed USD value on coins without paying any fees or having to sell them, and free leverage services with opportunities to earn a four times without charging any interest or fees. Additionally, the platform enables its customers to buy and sell Bitcoin for free. Users transact directly, peer-to-peer, bypassing exchanges and their fees. Thus, allowing customers to escape the volatility of the markets & transforming 'Cryptos' into a stable payment option.
“We are extremely excited about the launch of the CoinLock platform," says Ali Jassim, Co-Founder, CoinLock, and Chairman, Goldbrook Capital. “CoinLock will revolutionize Cryptocurrency by offering streamlined hedging and leverage opportunities at a fraction of the time and cost of its competitors,” he concludes.
The aggregate of Coinlock services attempts to overcome the biggest obstacle for mass adoption of Cryptocurrency, the ability of crypto currencies to function as trusted mainstream payment options. Customers & merchants alike will be able to send and receive fixed payments in Cryptocurrency with no transaction or processing fees. This feature potentially eliminates the transaction fees that businesses pay to accept other forms of payment, such as credit card fees.