deVere Group, an independent financial services firm is set to launch deVere Crypto in a matter of weeks to allow users to store, transfer and exchange five major cryptocurrencies including Bitcoin and Ethereum.
According to deVere Group’s founder and CEO, Nigel Green: “2017 saw the true dawn of the financial technology era. Fintech is already fundamentally changing the way we access, manage and use money – and the changes are coming quicker than ever before due to improving technologies and growing demand.
“Nothing has captured the imagination in this new fintech age quite like cryptocurrencies, specifically Bitcoin. No-one was really talking about it back in 2016. But those who invested in Bitcoin before the beginning of last year have enjoyed an impressive price increase,” said Mr Green.
He added that due to technological advancement in almost all sectors will see technology take over our lives and it’s not just digitalisation or existing technology but tech like self-driving cars to intelligent robots, advanced new technologies will impact every part of our lives and our financial lives will be no exception. Tech is now in our DNA.
Politcally, there is an appetite, a huge and growing one, for currencies that are not controlled by central banks and governments. Supporters believe that these digital currencies are part of the antidote to what they see as the ills caused by the traditional system.
These will be fueled by globalisation.
“Whether some populist politicians like it or not, globalisation is happening and it’s here to stay. We’re all becoming increasingly interdependent and internationally-minded, and this, when harnessed properly, is an immensely positive force for trade, commerce and prosperity across the world,” he concluded saying traditionalists who declare cryptocurrencies ‘a fad’ are akin to King Canute trying to command the tides of the sea to go back.
The firm says deVere Crypto is designed to meet the growing need and want to store and transfer cryptocurrencies. It’s meeting the evident demand.