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Entrepreneur

Heirloom Trust’s Crypto Wallets Give Children a Fun Way to Learn about Cryptocurrency While Saving for Their Future

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How exactly should commerce be conducted? Do banks always have to be involved? What about governments? Can money be traded peer to peer without any outside influence?  Not so long ago, the answers to those questions were assumed; anyone who questioned them was deemed a bit radical. Now, however, with the increasing usage of cryptocurrency, global society is moving away from those answers and exploring a completely different way of buying and selling goods: using digital money found only inside computers. Sounds crazy? Perhaps, but remember that only thirty years ago, the Internet did, too. Cryptocurrency has transitioned from being a fringe idea to being a powerful technology that is predicted by many people to be what the global economy will rely on thirty years from now. One such believer is tech expert Cara Wagner, the inventor of the crypto wallet and Heirloom Trust. After doing well with her own investment in cryptocurrency, she decided to create the crypto wallet so that parents and grandparents would have a safe way to invest in their younger family members’ futures.

Cara says that the crypto wallet takes advantage of where society will be in 2051. “Look how fast this technology is evolving,” she says. “That’s why investing in it now for your younger family members is so important. As cryptocurrency grows in usage, its value will go up, and that means your investment for your kids or grandkids will increase. This, I believe, is a more modern, stronger, safer way to leave an inheritance for your loved ones.”

The world of cryptocurrency can seem complex, and while most people know that fortunes are being made off of it, they hesitate to invest because they secretly don’t understand how digital money works. Cara understands. “I haven’t met a single person yet  who can’t understand it. If you feel confused, please take a few minutes to read the primer I created. Any good investment starts with solid information, so primer can help you understand cryptocurrency and ultimately decide if a crypto wallet is right for you and your loved one.” 

Cara explains that once you decide to invest in one of Heirloom Trust’s crypto wallets, the rest is very simple. The purchaser will enter the recipient’s identifying information. No one can withdraw the funds until the intended recipients are of legal age to do so. 

She states that the recipient will then be given two things. “The first is a physical wallet, which looks and feels just like a coin and is sent to the receiver in a keepsake display and giftbox.  The physical wallet is imprinted with the logo of the cryptocurrency purchased and the deposit address.”

The recipient will also receive a software crypto wallet, which is designed to securely store different cryptocurrencies via the deposit address, which all members of a trustee’s family can deposit into until the recipient is old enough to access, transfer, or withdraw them. The wallet is a one-way purchase, meaning that the purchaser can only deposit into it. They cannot, for example, withdraw any of the money themselves, change their mind about the investment, or do any trading with it. Instead, the cryptocurrency is left to appreciate in value as the years pass, gaining more wealth for the recipient. As the recipient grows older, they are able to view the total amount of accumulated cryptocurrency and its present market value in any world currency by accessing the  Heirloom Trust mobile app and website. 

Cara has been asked a lot of questions about the security of the crypto wallets. “That’s definitely important, so you’ll feel reassured to know that the app backs up the physical wallet in case it is ever lost, stolen, or destroyed and needs to be reprinted. The hardware wallet is unhackable, as it is kept in a safety deposit box at financial institutions and is duplicated for disaster recovery. It means, for example, that if there is a natural disaster in one location and the hardware is lost, there is a backup at another financial institution in a different part of the United States. These contingencies ensure that the crypto funds are completely safe until the recipient turns eighteen, when they can withdraw them and transfer the funds to any account or exchange of their choosing.”

A world that uses digital money to conduct transactions is a lot to take in for some people, but that world is already here now. Where will we be in thirty years? “That is the question,” Cara says. “I personally believe we’re going to see cryptocurrency being used a lot more than it is today. Investing in such powerful technology on behalf of your grandchildren, I think, is a very responsible gift to give them.”

For more information on Heirloom Trust, including how cryptocurrency works and how you can invest in the company, please see www.heirloomtrust.com and https://www.indiegogo.com/projects/one-way-wallet-investment-gift-for-minor-children#/.

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