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Cryptocurrency storage service launched a pension plan

Is it possible for cryptocurrency to replace fiat?

Legacy Trust cryptocurrency storage service launches one of the first digital asset-based retirement plans in history. At the same time, an accumulative pension program is available not only to self-employed citizens, but also to entire firms.

A company licensed in Hong Kong can offer customers a basic portfolio that includes both cryptocurrencies and fiat currencies.

“We believe that this initiative will appeal to a business that is actively working in the field of digital assets and wants to offer its employees additional bonuses. And which way to increase employee loyalty can be better than not being able to take part in the development of the company and in the field of digital assets? ”Says Vincent Chock, CEO of Legacy Trust.

The plan will be financed either through voluntary contributions, or the money will be deducted directly from the salary of employees. Money to the initiative participant will be paid after retirement or, in the event of death, the heirs will receive the funds.

Legacy Trust said the plan "aims to address the various tax problems of digital asset owners."

In March, the company entered into a partnership agreement with hardware wallet manufacturer Ledger to offer institutional-grade cryptocurrency storage.


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