If you have been investing in crypto currencies lately, have you ever wondered what will happen to your investments if you unexpectedly die? How will your loved ones inherit these assets which are encrypted and heavily protected by passwords?
A cryptocurrency is a digital or virtual currency designed to work as a medium of exchange. If you decide to invest in cryptocurrencies, Bitcoin is the most dominant one. In November 2017, the price of one Bitcoin exceeded $7,000.Cryptocurrency market has passed $700 billion in total market capital and has received a tremendous surge in public interest. Despite Bitcoin’s success, over $75 billion worth of Bitcoin has been lost forever. This is notdue to theft, but misplacement of Private Keys and death of the wallet holder. This isa major concern which keeps people from investing within the cryptosphere.
The inheritance of digital assets is certainly not something many have thought about yet. Life is unpredictable and as individuals increase in age, we all must acknowledge we can never be too prepared for what may happen next.
Considering this uncertainty, how will you protect your digital assets? Safe Haven has a solution for protecting your cryptocurrencies. Safe Haven has a platform to safely share the keys of cryptocurrencies with chosen loved ones by using TFC share distribution key, Escrow Protocol, and the Trust Alliance Network. Through their portal, Safe Haven ensures these digital assets are protected and handles inheritance. If you have always wanted to invest in cryptocurrencies, but are concernedabout losing your assets, Safe Haven is the answer.Safe Haven has legal entities as validators who divide the data (key) into number of shares. The obtained shares of stakeholders are managed as a legal certificate by a notary and/or a hardware ledger.
To facilitate this process, Safe Haven has teamed up with LawRato.com, India’s leading lawyer search platform as its Brand Promotion and Legal Partner. LawRato.com is an interactive online platform that makes it faster and easier to find and hire the best Lawyers in any city / court in India. At LawRato you get first-rate, professional legal advice from the best Lawyers. LawRato provides expert legal advice through 25,000 top-rated lawyers across 500+ cities in India to more than 1 million users per month.
This partnership will facilitate inheritance of digital assets in India.Rohan Mahajan, Founder, LawRato.com highlights Safe Haven’s parternship: “LawRato has recently launched WillStar, India’s first will-making App that helps to create a legal will for free in just 15 minutes. Users can also buy WillStarMakeMyWill Easy Kit in English and Hindi languages on Amazon at an inaugural discounted price of INR 399. With the addition of Safe Haven as an offering at WillStar, new age investors can also ensure their crypto assets are protected and secured for their loved ones.Safe Haven and LawRato believe in arming their contributors with security and peace of mind.
This article was originally posted by Business WorldBack to news