#CELCIUS MASHINSKY SERIAL#

Instead, it allows its customers to choose their own digital assets it supports 50 of the top cryptos, and then offers a yield on their transfer to the app. But the banks only pay 0.1% in interest and inflation is running at 7%, so you can never catch up.вЂќД¬elsius does not try and sell people assets вЂ“ which is a common route in crypto-based platforms вЂ“ where typically fees are made on transactions. Maybe they have a nest egg, and they want to try and leverage that. They have jobs, they have families, they have lives. вЂњOur focus is ordinary people who donвЂ™t have time to trade all day. We charge fees to institutions, like Robin Hood.вЂќД¬elsius does this reverse of fortunes within the system and the people it wishes to serve are the ordinary folk. We are the opposite of Wall Street вЂ“ where insiders get to call retail investors the plankton because they feed on them. ThatвЂ™s what we set up to change in Celsius.

For most unaccredited investors you cannot participate in different investments, and you are excluded from value creation. Indeed in this zero/negative interest climate, their money is devalued on top of which they get charged all sorts of bank and credit card fees. As he points out, people work hard, get paid a salary, lose half it in taxes, and then people canвЂ™t earn any interest on their remaining money. Right now the banking system is particularly broken. вЂњThere was a recent survey where people said theyвЂ™d rather visit the dentist than go sit with their bankers. вЂњIвЂ™m not alone in this opinion,вЂќ he says. The result is a Celsius Network, a crypto platform that has grown 20x in one year.Д¬oupled with his interest in crypto was a singular dislike of how the banking system served its customers, or rather it didnвЂ™t. It wasnвЂ™t until he understood it solved the issue of the digital double spend, that he got interested and when Mashinsky gets interested, he moves fast.

#CELCIUS MASHINSKY SERIAL#

Alex Mashinsky, the serial US entrepreneur well known for installing broadband on the US subway, once famously declared Bitcoin the slowest database on the planet.

Celcius mashinsky