Dan Schatt, the founder, and chief executive officer of tech startup Earnity, is reshaping how investors view and trade in crypto—for the better—thanks to his new social-oriented crypto platform, which is also called Earnity.
Schatt’s startup is headed by financial technology experts who have spent several years founding companies, building excellent financial technology products, and raising capital. Now, they are leveraging all of their years of experience and successes to offer individuals a curated marketplace for crypto tokens. In this way, everybody can learn, earn, and save in a straightforward, interactive, and intuitive way, according to Schatt.
A top reason for the increased push for cryptocurrency and decentralized finance, or DeFi, around the world in 2022 is the fact that it is fraud-proof. Once cryptocurrencies have been created, all confirmed transactions are included in a detailed public ledger. In addition, the coin owners’ identities are encrypted, which helps to make sure that the recordkeeping process is legitimate. Because cryptocurrencies are decentralized, the purchasers of these assets are the sole owners. Neither banks nor governments have control over them, Schatt said.
Cryptocurrency also offers the benefit of eliminating identity theft. With traditional debit and credit transactions, also called “pull” transactions, vendors pull the costs of goods and services directly from customers’ accounts, and their personal information is also pulled in the process. However, cryptocurrency exchanges are push transactions where personal information is not exchanged. Since there is no personal information transacted it helps to mitigate traders’ identity theft risk, according to Schatt.
Dan Schatt is widely recognized in the payment industry for having developed fresh business models as well as commercial partnerships that have generated positive outcomes for both businesses and individuals over the years. He said he looks forward to continuing to increase access to today’s financial markets across the globe through his innovations.