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On this episode of "From Niche to Necessity: Tax & Accounting for Web3 and Digital Assets" we feature Rustin Cavel and Daniel Durning the founders of COAST, a beneficiary service that uses smart contracts to help pass on your digital assets to loved ones.
Here are 3 key takeaways from the discussion:
1 Coast aims to bridge the gap between traditional finance and decentralized finance by offering beneficiary services for digital assets. Just like in traditional finance, where you can name beneficiaries for your bank accounts or 401(k), Coast allows you to designate beneficiaries for your digital assets held in wallets.
2 The Coast platform simplifies the onboarding process for new users by making it as familiar and user-friendly as possible. Through the use of phone numbers and email addresses, beneficiaries can easily receive assets and be named as beneficiaries, even if they are not yet familiar with the world of crypto.
3 Security is a top priority for Coast. While custody of the assets remains with the user, the system employs smart contracts to ensure the protection and transfer of assets to beneficiaries in the event of inactivity or unfortunate circumstances. The team is meticulous in conducting security audits and ensuring the utmost safety for users.
Check out the full episode to learn more about Coast and how it is revolutionizing the digital asset space!
https://cryptocfos.transistor.fm/
Visit: www.cryptocfos.com
#Podcast #DigitalAssets #Crypto #Web3 #BeneficiaryServices #Coast
Here are 3 key takeaways from the discussion:
1 Coast aims to bridge the gap between traditional finance and decentralized finance by offering beneficiary services for digital assets. Just like in traditional finance, where you can name beneficiaries for your bank accounts or 401(k), Coast allows you to designate beneficiaries for your digital assets held in wallets.
2 The Coast platform simplifies the onboarding process for new users by making it as familiar and user-friendly as possible. Through the use of phone numbers and email addresses, beneficiaries can easily receive assets and be named as beneficiaries, even if they are not yet familiar with the world of crypto.
3 Security is a top priority for Coast. While custody of the assets remains with the user, the system employs smart contracts to ensure the protection and transfer of assets to beneficiaries in the event of inactivity or unfortunate circumstances. The team is meticulous in conducting security audits and ensuring the utmost safety for users.
Check out the full episode to learn more about Coast and how it is revolutionizing the digital asset space!
https://cryptocfos.transistor.fm/
Visit: www.cryptocfos.com
#Podcast #DigitalAssets #Crypto #Web3 #BeneficiaryServices #Coast
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What is From Niche to Necessity: Tax & Accounting for Web3 and Digital Assets?
"From Niche to Necessity: Tax & Accounting for Web3 and Digital Assets" is your source for expert insights on the rapidly evolving world of crypto and digital assets. Hosted by Taylor Zork, CPA, and presented by CryptoCFOs, this interview-based podcast delves into the complexities of tax and accounting for Web3 and digital assets. Tune in as Taylor sits down with top finance professionals, and CEOs of Web3 organizations to explore the latest developments and best practices in this exciting field. Whether you're a seasoned finance professional or simply curious about the future of digital assets, this podcast will keep you informed and engaged. Subscribe now to stay ahead of the curve and unlock the potential of Web3 and digital assets in tax and accounting!