When investing and building wealth, there is no one-rule-fits-all approach. Different individuals have different appetites for risk. Some opt to invest strictly in what they know. Others attempt to be as diversified across multiple asset classes to minimise risk. These are valid approaches, but there is one absolutely golden rule when investing: don’t lose money. In that regard, it may seem counterintuitive to invest in the cryptocurrency market, as it is known for its high volatility and risk, despite the potential for large gains.
Goldman Lampe Private Bank, one of the most reputable offshore banking institutions in the world, has flipped that narrative. The financial institution is now offering Term Deposits in XMR (Monero), making it is the first bank in the world to do so. The Term Deposit product eliminates the volatility of crypto – often the biggest deterrent – and provides an opportunity for investors to earn a guaranteed return on their money. Maturity dates for this product are six and 12 months, and interest ranges from 4% pm up to 16% pm.
The bank has also purchased 150 million worth of Monero, specifically to guarantee the protection of clients’ transactions. One of the most popular features of Monero is the digital currency’s high degree of anonymity. Among its several privacy-enhancing features, is the fact that transactions with Monero are completely unlikable and untraceable. Those individuals who value privacy and would like to take receipt of goods or services anonymously will appreciate the advantages of Monero.
Goldman Lampe Private Bank has earned a well-respected reputation in the offshore banking market for serving the interests of an exceptionally elite clientele. This has been a strategic decision and one that is in keeping with the bank’s commitment to innovation, as well as providing clients tailored banking solutions with complete discretion and confidentiality.
We are watching closely all the innovative ideas and approach, that Goldman Lampe bank is taking.