Fans of the cryptocurrency Monero (XMR) know you need a safe and reliable place to store your crypto coins. Whilst many Monero wallets exist, not all are equal in merit, with some being more secure than others. Fortunately, the safe XMR Wallet online application is one of the most secure Monero wallets available today. Here are five noteworthy advantages you’ll get from using the safe and secure XMR Wallet application.

  1. One Hundred Per Cent Client-Side Application

Web security should be paramount when selecting a safe storage wallet for your Monero coins. XMR Wallet is designed with security at the top of mind. As a 100 per cent client-side application, XMR Wallet renders data in the browser — no data is stored on our local servers. Users of the application can access XMR Wallet from any mobile or desktop browser, giving users the flexibility to have access to their Monero coins wherever an internet connection is available.

  1. Instant Account Creation — No Registration Required

Setting up an account with XMR Wallet is easy and quick. In fact, it’s so quick that you can have your personalised wallet set up in a matter of seconds. Wallet setup requires no personally identifying details to get started. Users simply choose a unique seed — that is, a series of seemingly non-related words that identify your wallet as being yours — which will then be used to activate your XMR Wallet. To access the wallet again at a later date, simply re-enter the seed and your available account details, including your overall Monero balance, will display. From there you can send, receive and store your Monero coins per usual.

  1. Completely Free to Set Up and Utilise

XMR Wallet has no fee to set up or utilise. Our open source application has been developed by a team of volunteer engineers, and others are welcome to contribute freely by viewing the source code to make recommendations about future app developments. XMR Wallet remains in active development, ensuring that the end user continues to receive the best possible product for storing their Monero coins.

  1. Multiple Seed Access

If you need multiple wallets, XMR Wallet allows you to freely create as many as you desire. You can even access the wallets using multiple seeds in a new tab. If you already have a seed from another Monero wallet application like MyMonero, you can utilise them via the XMR application as well. Simply type your existing seed from the login screen and your wallet details will appear.

  1. Support in Over 10 Languages

No matter which language you prefer, XMR Wallet has you covered. We offer support in over 10 languages, including Spanish, French, English, Dutch, Russian and more. Simply choose your language preference from the bottom of the home screen and all application menus will be displayed according to your preference.

If you’re looking for a safe online wallet to store your Monero coins, look no further than XMR Wallet. Boasting great user features and unprecedented security, it’s no wonder so many Monero users are choosing this application. For more information or to get your own wallet, visit our website at https://www.xmrwallet.com.

By financen | April 9, 2018 - 5:23 pm - Posted in Cryptocurrency

Cryptocurrency. This new form of currency has been on the rise since the past decade. And just like the latest Star Wars movie, this digital currency has been met with divisive opinion. Whether this new form of currency is here to stay or if it’s just another gimmick is unknown. However, what is known is that a lot of people are jumping on this trend, some even to their financial detriment.

So, how does one avoid falling into such a situation? Knowledge and a bit of research will go a long way in helping investors decide whether cryptocurrency is worth the risk.

Unknown to most people, cryptocurrency actually came about in a fortunate stroke of serendipity. Satoshi Nakamoto, the accidental and unsung inventor of Bitcoin, was the man who started it all. He created what scores of others before him failed to – an online cash system.

This system employs much of the principle that all peer-to-peer file sharing platforms are built upon – decentralization.

So, the real question here is, how do you keep an accurate record of transactions without a central authority? Satoshi’s answer? With everybody.

All peers in the Bitcoin network are tasked with taking note of all validated transactions. This validated transaction will then be added as an unalterable and permanent block to the existing blockchain. In essence, every peer has a record of this successful transaction.

https://blockgeeks.com/guides/what-is-cryptocurrency/

Now, one might think that there’s no way that digital currency can ever affect the real market. And you’d be right if you were referring to any form of direct effects on the real market. But this goes much deeper than simple numbers.

One has to look at the human mind to realize how cryptocurrency could affect the real market. Like all stock investments, there is always an element of risk involved. Investors who are experts at determining market outcomes are more psychologically equipped to handle bad investments because they know how to recover.

On the other hand, because cryptocurrency is exponentially more volatile than the stock market, the losses and profits undoubtedly follow this trend of volatility. Your investment could triple in value in a week, as well as depreciate by as much as ten times in the same amount of time.

Now, say that cryptocurrencies failed. The psychological impact that this scenario would have on investors would be catastrophic in the sense that this would undoubtedly break investor confidence. As a result, no investor will confidently invest in the stock market ever again. And the real markets, like a trail of dominos, will be bound to fall.

Investors are programmed to keep going in a certain direction, despite the magnitude of the risks involved. But once they meet failure, there are very few things that could remedy such a scenario. This is the danger with the crypto-hype that’s been spreading all around.

If too many investors jump on the bandwagon, as lucrative as it may be, the consequence of failure could very well cause widespread panic and the ultimate failure of every market.

But for now, whether cryptocurrency is the holy grail of Finance, or just another wet dream, is unknown. However, what is known is that wherever you find yourself in the financial scene, there will always be a mention of “cryptocurrency”.

Comments Off on Cryptocurrency and How It Affects Financial Institutions