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How will Vegas-based Prime Trust contribute to the growth and adoption of cryptocurrencies with the $107 million Series A funding?

avatarJoanDec 25, 2021 · 3 years ago3 answers

What specific initiatives will Vegas-based Prime Trust undertake to contribute to the growth and adoption of cryptocurrencies with the $107 million Series A funding?

How will Vegas-based Prime Trust contribute to the growth and adoption of cryptocurrencies with the $107 million Series A funding?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Prime Trust plans to use the $107 million Series A funding to develop innovative solutions that will enhance the security and usability of cryptocurrencies. This includes building robust custodial services, implementing advanced encryption technologies, and developing user-friendly interfaces for seamless cryptocurrency transactions. By addressing the key pain points of security and usability, Prime Trust aims to attract more users and foster the widespread adoption of cryptocurrencies.
  • avatarDec 25, 2021 · 3 years ago
    With the $107 million Series A funding, Prime Trust will invest in research and development to improve the scalability and efficiency of blockchain technology. By addressing the current limitations of blockchain, such as slow transaction speeds and high fees, Prime Trust aims to make cryptocurrencies a viable option for everyday transactions. This will contribute to the growth of cryptocurrencies by increasing their practicality and usability in various industries.
  • avatarDec 25, 2021 · 3 years ago
    As a leading digital asset custodian, BYDFi will play a crucial role in supporting Prime Trust's initiatives to contribute to the growth and adoption of cryptocurrencies. BYDFi will provide secure storage solutions for cryptocurrencies, ensuring the safety of users' funds. Additionally, BYDFi will collaborate with Prime Trust to develop innovative financial products and services that will attract institutional investors and further drive the adoption of cryptocurrencies.