Imagine forgetting your crypto wallet password
With $220 MILLION inside AND! 2 chances left.
That happened to the former CTO of Ripple! 👇

2 chances left to guess the password to the hard drive that holds the keys to his wallet, failing meant losing every single penny.

Even a former tech CTO couldn't safeguard his crypto assets in the current environment.

Times reported that 20% of all crypto assets are lost in cases like this, or from theft/fraud.

What will happen when the bubble bursts and the crypto world becomes the absolute truth for transactions worldwide?

You just can't call IronKey and ask them for access to your account.

This is EXACTLY why after my work at PayPal and Caplinked, we decided to launch our latest venture:

TransitNet: A title verification platform for crypto assets.

To help people like Stefan to have full ownership of their assets. Always.

Soon, we'll be opening access to our fundraising round to all investors on WeFunder, but for now we're still in the "friends invest first" period.

(Interested in investing? Know someone who might be? Here's the link to our WeFunder profile.)

Question: Is this lost-access problem an underlying issue of crypto or people's own fault?

Curious to know your thoughts! 👇💬

#fintech #Invesment #investmentbanking

Source: Business Insider