Dan Schatt of Earnity and Teaching Others About Crypto 


There’s a lot of talk about cryptocurrency these days, but it’s still a mystery for many people. For starters, cryptocurrency is a digital or virtual currency that uses cryptography for security. Cryptocurrencies are decentralized, not subject to government or financial institution control. The hype surrounding cryptocurrency could hurt and benefit the industry. Domenic Carosa and Dan Schatt, executives of DeFi startup Earnity, want it to be successful as possible. It’s best to educate others about it to counter their negative perception of the emerging financial asset. 

Cryptocurrency can be overwhelming and intimidating, especially when one hears about it from friends who have been into it for some time already. When educating someone on cryptocurrency, it is always best to be truthful. Present all the sides surrounding buying crypto, including issues that need to be resolved for smoother transactions and faster mass adoption. 

Zeroing in on Security and Transparency

One of the benefits best-loved by users about crypto is its ease of use. Unlike traditional finance, users need their mobile phone and a stable internet connection to complete payments and other transactions. There is no need for an individual to wait for banking hours to transact with merchants. Transparency is a quality of cryptocurrency that many are drawn to. The blockchain technology that cryptocurrency is built on ensures that transactions are transparent and secure from fraudulent acts. Moreover, users can transact directly with other users without the mediators and banking fees. Dan Schatt and Domenic Carosa of Earnity wish for the crypto community to trust the level of transparency increases.  Decentralization is the name of the game. With cryptocurrency, the users’ money is their own, with governments and centralized financial institutions having no control over their crypto wallets. It’s worth noting that crypto trading has incredibly high risks, yet can yield favorable returns, especially when users make informed decisions.

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