How Hawkchain Offers The Best in Crypto Banking
There was a lot of upheaval at the beginning of the crypto year 2018. Bitcoin, the founder of the cryptocurrency industry and the most prominent and popular cryptocurrency, began the year below the 4.000 USD mark, reached a yearly high of approximately 12.000 USD in July, and then fell back to approximately 7.000 USD at the end of the year, a decrease of approximately 50%. Additionally, Elon Musk’s year has gotten off to a shaky start. Although it was hit hard, the crypto community managed to keep its cool and stay steadfast. Elon Musk, one of the most well-known and influential IT entrepreneurs and influencers, has said that Bitcoins technology is “amazing” in an interview.
Crypto and Its Effects of People and Society
Recently, crypto currencies have gained widespread acceptance as a tool for assisting the development of underdeveloped nations and the people who live in these countries. In order to overcome the lack of social trust and increase access to financial services, cryptocurrency has begun to provide a significant benefit. It can be considered as a medium to support the growth process in developing countries by increasing financial inclusion, providing better traceability of funds, and assisting people in their efforts to break free from poverty.
Importance of Crypto Banking
Most of the time, individuals engage with cryptocurrencies via investment, and the amount they invest grow in proportion to their skills and prosperity, according to the industry standard. This may include the purchase and sale of digital currencies on a trading exchange platform. Traditional banking, on the other hand, is concerned with the management of cash and credit within a financial institution, such as with checking and savings accounts and loans.
Why Hawkchain Offers the best Crypto Banking
Hawkchain is a digital cryptocurrency bank that allows individuals and businesses to deposit bitcoin and other major cryptocurrencies in a safe and secure manner, with a low monthly premium fee and a customizable term. There have been many reports of bitcoin being stolen from wallets, and it is a well-known fact that stolen cryptocurrency are very unlikely to be found and recovered. Even if someone is successful in tracing the bitcoin using public ledgers, the fact that most cryptocurrency is decentralised means that there aren’t many avenues a person may take to get their money back.
Conclusion
Hawkchain, on the other hand, is a prominent blockchain-based digital bank that stores bitcoins in hard wallets that are geographically segregated and protected. Briefly stated, they are a digital bank that assists customers in better safeguarding their bitcoins and other cryptocurrencies than they previously had and earn daily interest over their holdings.
