Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Easy Crypto leads the way with NZ’s first guaranteed crypto

The recent fall of a Kiwi cryptocurrency exchange has put the security of digital currency firmly in the spotlight and raised concerns for many Kiwis.

In Australia, we’ve just seen a cryptocurrency exchange launch insurance coverage – a first for the Australian market.

But here in New Zealand, local cryptocurrency retailer Easy Crypto has been offering insurance for its customers from day one – and it’s not an optional add-on like the Australian offering.

Easy Crypto, which was founded by brother and sister duo Alan and Janine Grainger and launched in January 2018, is an online platform which allows Kiwis to buy and sell instantly and securely a range of cryptocurrencies, from the well-known such as Bitcoin and Ethereum to lesser known currencies such as Stellar or Nano.

Guaranteed safety for funds
The platform is New Zealand’s first fully guaranteed crypto platform.

“We fully guarantee all customer orders,” Janine says. “There is never a risk of losing funds when using our platform.

“Many of our customers are completely new to digital assets, and it’s important that we guarantee them a safe, secure experience and that they know we will deliver their order.”

As a retailer, rather than an exchange, Easy Crypto – which aims to make investing in the digital currencies easy and accessible for everyday Kiwis, doesn’t hold customers’ funds as exchanges do, instead the funds transit through Easy Crypto’s systems while the order is being fulfilled.

“If any funds were lost, we would 100% wear the loss ourselves, and would never pass that on to the customer who happened to be unlucky enough to have their order in transit at that time,” Janine says.

“From the time we receive a customer’s payment, until the time their order is delivered, we fully guarantee the safety of their funds.”

Janine notes that retailers such as Easy Crypto are an easy way for Kiwis to get started with cryptocurrencies. Both Janine and Alan are long time cryptocurrency investors and have a strong belief in the potential of the currency and blockchain to improve the world and change how society and our economies work.

“Retailers are an easy way to get started, you don’t have to pre-pay funds onto an exchange or understand how to use a complicated trading interface. Simply place an order and we take care of the rest; processing it at market rate when the order is paid.”

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Economy: COVID-19 Lockdown Has Widespread Effects On Labour Market

In the June 2020 quarter, the seasonally adjusted unemployment rate fell to 4.0 percent, down from 4.2 percent last quarter, while underutilisation rose, Stats NZ said today. More>>

ALSO:

NZ Post: New Research By NZ Post Shows Online Shopping Grew 105% In Alert Level 3

New research by NZ Post into how the COVID-19 response has impacted the way Kiwis shop online, shows online shopping increased 105%* when the country moved into Alert Level 3, and may have changed the way Kiwis shop permanently. Online spend peaked ... More>>

ALSO:

Banking: Westpac NZ Lowers Merchant Fees For Small Businesses

Westpac NZ is rolling out a new merchant fee pricing structure that will lead to cost savings for more than 10,000 small and medium Kiwi businesses, and could make contactless transactions more widely available for customers. On 1 September, most ... More>>

REINZ: Million Dollar Plus Property Sales Increase 11.7% Nationally

The number of properties sold around the country for one million dollars or more during the first half (H1) of 2020 increased by 11.7% compared to H1 2019, with 5,426 million-dollar plus properties sold (up from 4,858 in H1 2019) according to the Real ... More>>

Waste: Government To Regulate Plastic Packaging, Tyres, E-Waste

The Government is stepping up action to deal with environmentally harmful products – including plastic packaging, tyres and e-waste – before they become waste. As part of the wider plan to reduce the amount of rubbish ending up in landfills, ... More>>

ALSO:

Bankers Association: Banking Becomes First Living Wage Accredited Industry

Banking has become New Zealand’s first fully living wage accredited industry, leading to nearly 1800 employees and contractors moving onto the living wage and gaining greater economic independence for them and their families. As of today, all ... More>>

ALSO:


QV Valuations: July House Price Index Illustrates Market Resilience

According to the July 2020 QV House Price Index (HPI) results out today , property values recorded a marginal increase, up 0.2% over the month. This is somewhat of a turnaround from June, after the national index edged 0.2% lower. More>>

ALSO:

Property: Queenstown Rents Experience Biggest Drop In Seven Years

Rental prices in the Queenstown-Lakes district saw the biggest annual percentage drop in seven years after falling 28 per cent on June last year, according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Aaron Clancy said ... More>>

Seismology: The Quiet Earth

As many daily activities came to a halt during lockdown, the Earth itself became quiet, probably quieter than it has been since humans developed the technology to listen in. Seismologists have analysed datasets from more than 300 international ... More>>

RNZ: James Shaw Says Kiwibank, Not Ministers Should Decide On Investors

Climate Change Minister James Shaw says Kiwibank's decision to stop doing business with companies dealing in fossil fuels is the right one. More>>

ALSO:

FMA: Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually ... More>>

FIRST Union: Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off

(FIRST Union comments on The Warehouse consultation and proposed restructure) 'Unfortunately the Warehouse have done the disappointing thing and used Covid-19 to justify a bunch of operational business decisions that will leave hundreds of workers without jobs ... More>>

ALSO:

Stats NZ: Mixed Performance By Regions Leaves National Emissions Picture Unchanged

Approximately two-thirds of New Zealand’s regions recorded decreases in their total greenhouse gas emissions, while one-third of regions saw increases between 2007 and 2018, Stats NZ said today. “While some regions reduced their emissions, ... More>>