If you’ve been looking into the Blockchain, Cryptocurrency, and Decentralized Finance (DeFI) movement for more than five minutes, you’ve probably run into the name Damon Nam. Damon is a 20 year IT professional, Microsoft alumnus, entrepreneur, and currently the Founder and CEO of Coin; an emerging financial services and technology company.
During his 17 year tenure at Microsoft, he assumed a number of different roles within the Microsoft Services organization. In his last role at Microsoft as a US Services Program Director, he was responsible for driving and managing Microsoft’s entire partner program for the US subsidiary; a program with approximately seventy-five partner organizations and a total book of business of over $90 million in revenue. With a great deal of business and information technology services experience under his belt, Damon, who has had years of interest in blockchain technology, decided it was time to put his particular talents to the task of tackling the problems in the traditional financial services industry. To that end, he founded Coin, a US-based FinTech startup.
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Today’s financial solutions, centralized banking entities, and devaluing dollars from continuous money printing by governments across the world, have sparked a renewed interest in sovereign wealth management for consumers. This has resulted in a large demand for an open financial system driven by blockchain technology and alternative assets such as Bitcoin. While innovative, the complex nature of today’s solutions in the blockchain industry has created a dynamic that eliminates a large percentage of the population that seeks to join the revolution. Damon and his team at Coin want to completely democratize this industry and bring it to the masses by creating a paradigm shift that makes wealth management for digital assets seamless, simple, affordable, and accessible. Thereby, also reducing the wealth gaps that exist in our society and creating equal opportunity and a level playing field across the world. Damon’s goal is to develop solutions that reduce the complexities and pitfalls of the world’s traditional financial system and its inherent problems of high costs and risks that stem from corruption, human involvement, and custody of customer funds.
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