New York, NY, November 6, 2020 (GLOBE NEWSWIRE) – (via Blockchain Wire) If you’ve been looking into the Blockchain, Cryptocurrency and Decentralized Finance (DeFI) movement for more than five minutes, you’ve probably stumbled upon the name Damon Nam. Damon has been an IT professional for 20 years, a Microsoft alumni, entrepreneur, and currently founder and CEO of Coin; an emerging financial services and technology company.
During his 17 years at Microsoft, he held various roles within the Microsoft services organization. In his last role at Microsoft as director of the US services program, he was responsible for leading and managing the entire Microsoft partner program for the US branch; a program with approximately seventy-five partner organizations and a total revenue of over $ 90 million. With a wealth of experience in business and information technology services behind him, Damon, who has had years of interest in blockchain technology, decided it was time to put his particular talents on the task of tackling problems in the traditional financial services industry. To that end, he founded Coin, a US-based FinTech startup.
Today’s financial solutions, centralized banking entities and the devaluation of dollars resulting from the continual printing of money by governments around the world have sparked renewed interest in managing sovereign wealth for consumers. This has led to a huge demand for an open financial system driven by blockchain technology and alternative assets such as Bitcoin. While innovative, the complex nature of today’s solutions in the blockchain industry has created a dynamic that eliminates a large percentage of the population trying to join the revolution. Damon and his team at Coin want to fully democratize this industry and bring it to the masses by creating a paradigm shift that makes wealth management for digital assets seamless, simple, affordable and accessible. In doing so, also reducing the wealth gaps that exist in our society and creating equal opportunities and a level playing field around the world. Damon’s goal is to develop solutions that reduce the complexities and pitfalls of the world’s traditional financial system and its inherent problems of high cost and risk that result from corruption, human involvement and custody of client funds.
Coin XYZ, Inc. develops blockchain solutions to enable the world to execute secure financial transactions with freedom and simplicity. Coin is led by a team of Microsoft veterans including Byron Levels and leading consultants such as Christina Apatow, founder of FetchyFox, Jeremy Gardner, founder of Augur, Alex Mashinsky, founder of Celsius Network, as well as Pete Cashmore, founder of Mashable. For more information on Coin, visit https://coindefi.org
Coin is keeping the course and creating this new reality for all of us. They designed a decentralized network that contains products and services that work together consistently to solve these problems and enable consumers to manage their wealth. So what’s the platform that will disrupt the financial and blockchain sectors you might ask?
The Coin Exchange, an all-in-one decentralized cross-chain P2P cryptocurrency wallet, exchange and assistant powered by atomic exchange and artificial intelligence (AI) technology. Coin Exchange includes a built-in cryptocurrency wallet to allow users to store popular digital assets such as Bitcoin, Ethereum, and more. For the exchange of assets, Coin Exchange leverages atomic swaps which replace the need for any third party involvement. This ensures low fees and is the safest way to transfer value, as transactions happen directly between users, on the blockchain. This also makes Coin Exchange not susceptible to hacks as users are the only custodians who can access their funds and no personal data is collected or stored centrally.
Coin Exchange also includes browser extension support for the Internet’s most popular web browsers such as Google Chrome and Safari. Once installed, this feature extends its capability by using AI technology to perform transactions faster and provide information to help users save time and money. Similar to Grammarly’s grammar recognition, Coin Exchange includes an assistant that can recognize blockchain-related keywords from any web page. This allows Coin to provide education, insights, or help consumers execute financial transactions directly from any webpage with an input field. For example, users can send, receive and exchange transactions in a guided process or by simply typing text commands like “Send $ 50 Bitcoin to @cryptojane” into any input field on the Internet. What is currently considered a complex task can now be completed in seconds while browsing the web.
Unlike other solutions in the financial / blockchain sector today, Coin Exchange offers an innovative new user experience in an industry full of complexity and confusion. For example, instead of requiring users to browse and log into their website or banking app, Coin’s AI works behind the scenes and seamlessly blends personal finance into the natural workflows of our daily Internet activities, including the Web browsing, document creation, and social media updating.
“By harnessing emerging technology, we are putting the power back into people’s hands and empowering consumers to manage their wealth with an innovative digital asset experience that is simple, secure and personalized,” says Damon Nam, founder and CEO of Moneta.
Coin trading creates a smooth, unified experience when browsing the internet to help bridge the gap and bring cryptocurrencies to the masses. The shift to sovereign wealth management has already begun … Damon and his all-star team at Coin aspire to become the industry-leading financial organization leading the charge of disrupting the norm.