Legitimising Crypto as a Store of Value – A New Type of Marketplace with Elbaite
Bitcoin has had quite the ride so far in 2021! Many thought it had had its run by late 2017, early 2018. While there is still a huge element of scepticism in crypto currencies, the fact remains that it has been the single best investment opportunity of the past decade. Those brave enough or with enough money to risk, have made a lot of money… though converting that to actual useable mainstream currencies is still not straight forward. That is of course only after you haven’t had your digital wallet hacked, lost or rendered inaccessible due to forgetting the passphrase.
Part of Bitcoin’s and other crypto currencies booming growth in 2021 has been the rise of more legitimate institutional investment into crypto markets. The most recent surge in Bitcoin was driven by Tesla purchasing US$1.5 Billion worth of Bitcoin which represented approximately 10% of their total cash at hand. Prior to that there has been more of the same from Private Equity and Investment firms, and even some more traditional financial institutions. Crypto’s rise (more specifically Bitcoin’s) as a store of value that also offers significant potential gains over the current historically low interest rate accounts has seen it now being talked about in the same way that we talk about gold.
Elbaite: The worlds most advanced and comprehensive P2P digital assets marketplace
Elbaite look to offer a different sort of exchange in that their offering is not an exchange… it is a marketplace where crypto is traded in a more direct P2P fashion. This eliminates the need for them to store any digital wallets and thus reduce a lot of the major overheads that traditional exchanges have. This allows them to offer a more secure and trusted way to trade crypto and reduce the traditional risks that come with dealing with online exchanges.
Watch and listen:
In this episode I talk with Samira Tollo, Chief Technology Officer at Elbaite. Elbaite do #crypto different! They are the worlds most advanced and comprehensive P2P digital assets marketplace, allowing buyers and sellers to trade without ever risking their cryptocurrency with a central exchange wallet. Samira and I talk about how inherent mistrust in current Crypto Exchange platforms drove Elbaite to come up with a more secure way to trade digital currency… starting with Elbaite hosting no digital wallets… this is a marketplace! Elbaite was founded in 2017 with launch in 2019. The company is headquartered in Melbourne, Victoria.
Elbaite was founded in 2017 with launch in 2019. The company is headquartered in Melbourne, Victoria.
[Episode 18 – @elbaite_io] Institutional investment in #crypto currencies has not only pumped the value of #Bitcoin and other alt coins, it has served to legitimise the value of #blockchain as a store of value. Elbaite are looking to add trust and security to that. pic.twitter.com/aqG9EfZsBG
— Great Things with Great Tech (@GTwGTPodcast) February 15, 2021