TransitNet

🤔 Crypto Predictions I Don't Totally Agree With 🤔

founder @ TransitNet

Published on Feb 1, 2021

I was part of the early-team at PayPal, where I worked for Peter Thiel and built PayPal's revenue model. I've been watching fintech, payments, and crypto for a long time.  

Sometimes commentary catches my eye.

James Ledbetter recently released some bold predictions for crypto in 2021 on CNBC. I'll list them below 👇

1️⃣ At least 1 major U.S. Bank will custody crypto
2️⃣ More central banks will launch digital currencies
3️⃣ The U.S. will regulate crypto more stringently
4️⃣ Price volatility will continue

There's more good than bad there. Great. But despite Ledbetter's bullish predictions, there's still a major problem for institutions that want to adopt crypto:

There's no title for crypto assets.

Maybe crypto goes mainstream in 2021 like he predicts, but it's not going mainstream without title:

🔻 Banks won't custody it
🔻 Insurers can't underwrite it
🔻 Auditors can't verify it
🔻 Exchanges cant determine asset origin

To solve this problem, I co-founded TranistNet.

TransitNet provides title verification tools for crypto assets.

We're breaking new ground every day with help from TransitNet advisors:

🔹 Alex Felix - Coinfund
🔹 Ken Miller - PayPaly, Intuit, Gem
🔹 John Wu - Ava Labs

Our beta product is live with top firms like Berkhower, LLC and Cohen & Co.

We're opening our financing round on WeFunder to investors who want ground-floor access. (Lead already committed.)

Public launch is this Thursday. Visit TransitNet's profile on WeFunder now to secure your spot while there's still availability. 

#fintech #Invesment #crypto #blockchain