 Welcome digital asset news to get top stories in crypto currency and digital assets and bring out a bite-sized pieces So we've already gone over the news and everything's going swimmingly Decent I guess or just middle of the road. We talked about how the Federal Reserve came out and said that hey everything's strong Everything's good, but we're still gonna keep printing money and we're gonna keep inflation, you know, pretty low as much as we can We talked about Cardano and their their African conference that is going on and also about Nexo and that billion-dollar company that just picked up I think like a hundred million dollars with a Bitcoin was a lot check that video up before but I I touched on this article briefly about Voyager and Voyager and their 18,000% revenue growth and what they're gonna do with debit cards offering a debit card Which will be linked right to the US right to your account for USDC And you can you can gain 9% and then it's just whatever you have in USDC, which is a stable coin You can just spend that and to me personally. I'm like, I don't know why I'm gonna keep my I'm not gonna keep my bank if they can do that for me. So let's just go over this article and before we start I've had some We all know well if you if you knew the channel welcome if you're old You know that I've been I was a big advocate of Voyager in the very beginning early early early I'll be like when they had like 50,000 30,000 People signed up and then everything was going well And then they just got a big influx of people massive after that GameStop incident and people were looking to trade crypto And they just are going through growing pains and during that time. I received so many emails about things that were going on With with Voyager about hey, they can't process this transaction or hey, you know, I everything stuck over there Hey, I lost this right I put in a customer smart ticket. It's been like three weeks or four weeks or whatever it is else it is and Because of that I had Steve on the show and he explained like he's like look it's growing pains I mean we went from like 30 40,000 to over a million in like a week so, you know, let us catch up give me 120 days and 120 days is coming up middle May and so far I've seen a drastic reduction in the emails and direct messages and everything else that I've gotten about Voyager now It's other stuff, you know, it's other stuff that people are complaining about But it just helps me gauge about what's going on and I'm feeling pretty good. I have this handy dandy Let me show you Exchange your wallet fees. There's a link in the description. You can check it out and Voyager was my number one recommendation It was but I said I can't recommend it right now. I can't recommend it right now because There's just an issues, you know, like we'd like I just talked about but As time goes on and I think it's gonna happen soon I'm gonna switch it back on and say I do recommend this is the thing because on this channel I mean the reason why you watch it is because you don't want me to lie and Give you a bunch of BS stuff. I mean I can lie to you all day, you know There's if you want to if you want to hear some lies. There's tons of Tons of YouTube channels out there that you can you can listen to and whatever not gonna go into that but I think the reason is because I give you my best information I possibly can and I try to be as open as I possibly can and if there's a problem I tell you there's a problem if it's great. I tell you it's awesome. It's great You got to get into it or you know, I try it out But on this one these are what was it was my favorite and it hurt me to say it, but I had to do it And here we are so But I will tell you the times they are a change in so let's break in this article first of all This is a great article by Derek teed Derek, let me see if I can find the information on this as I Yeah, this might look a little funny But Derek is a labor market research analyst for the Bureau of Labor Statistics University of Minnesota, good friend, but I was like it's kind of like ah Department of Labor Statistics, so this ought to be interesting. This was a pretty comprehensive Article very good everything else actually, let me we refresh this so I can get the there we go Okay refreshed, so let's start it off So one year ago and this is what I saw my boydure have between 10 and 40,000 funded accounts and then as of March 31st They had over 270,000 funded accounts and over 1 million verified users and that took place in like this the time span of like a week during that whole GameStop fiasco over there on Robin Hood So this is what I like because it compares coin base for his boydure if you've used coin base like I have Maybe you have as well super easy to use right coin base is super easy And I used to give it a bunch of grief because I mean the customer service is awful still awful I mean, you know try getting hold of anybody over there And then the fees were kind of crazy and that's why I liked voyager So this guy said well both are easy so let me compare the cost and it's it's not earth-shedding for anybody But it says it's cheaper to buy cryptos and voyager after you account for the spread and fees and boy Voyager and coin base and he talks about how You know he he actually went in there and did a bunch of different pairs And he said the price are usually 99% similar But there was a 3% coin base fee in a hundred dollar transaction one and a half on a thousand and 1.5 on 10,000 So of course those fees really add up especially if your dollar cost averaging like I do But this was the big one coin base pro versus voyager because I got a lot of people to say Oh, but you know all they do is use coin base pro. Well, first of all, I find it very Complex and I know some people like you're an idiot true, but When they say that you know what? It's it's super easy or it's it's it's not as complex you think I guess I play around with it But for the average person coming in you want it to be super simple People don't want to screw around. It is one like someone like where do I buy push button button push But I bought it and that's it. So like people go waste getting coin base pro your goals are not their goals My goals aren't your goals. So Simplicity will win every time. That's my two cents. Anyhow coin base pro more complicated and then it talks about fees Coin base pro fees on transactions up to ten thousand dollars are only point five percent Which is pretty darn good pretty hard to beat Sometimes voyager is barely better and sometimes coin base pro is barely better, but negligible I found that and this all the pairs that he talks about the advantage was between 0.1 and 0.45 and with the other cryptos the advantage gaps a 1% better price on coin base pro So if you want to save some fees go to coin base pro and just try that out and do it all But I mean for the mass influx of people that we're gonna get this year moving on I think coin base is a is a is probably what they're gonna use and most most importantly I think if you just want like, you know Spare yourself some costs just get voyager and they got a lot more tokens So I don't understand the problem just do that. All right, but this is the big thing interest can you get interest on On coin base, I think you can do it on Gemini Yeah, and I think you can you can stake on coin base with Tezos and I think it's another one another couple of ones But as far as like interest. Hey, you know what? Coin base is offering. Oh, no, I get to the back one is offering zero point one five percent of USDC Awful 2% on die 4% on Tezos and 6% and I'll go 5% out of that's okay. So that's pretty good But then you take a look at Voyager. Well Why wouldn't just do that seem like it's a pretty good one again? Maybe people just don't want to move it around or whatever, but she got a pretty good interest rates for here Although Tezos is actually lacking Look at that 2% for XTZ and then a coin base. It is 4.6 or it seems kind of high. I don't know, but sure. Okay, we'll go with that And then it says no actually yeah, okay. Yeah, that's right If you are a larger retail investor or a small institution It might be best to buy large crypto orders above ten thousand on coin base pro and Transfer the cryptos to Voyager to gain interest which makes sense, right? If you want to just you know pump it up like three four percent just if you're like, I love coin base pro I like it complex or I'm used to it now fight over there transfer to Voyager. Everything's good. If you want to do that That's up to you Don't take my advice not a financial advice Voyager is roughly 200 million in cash and cash equivalents on their balance sheet because remember Voyager is a publicly traded company well coin bases now But Voyager is a brokerage. It's not an exchange It takes a look it goes through all the different exchanges and tries to find you the best rate and then for the spread They pock a little bit of the money and they pass the other savings on to you. I know some people say that's BS Well, this is what I got for this article and also I've done it myself. So on some days Yes, you will probably get a better inch rate over on coin base pro or a little bit on coin base and some days You're gonna get a better one on on Voyager So if you want to keep going back and forth back forth be my guest knock yourself out. I don't care But look, I got a lot of things going on Busy I could I'm busy enough to not give a damn about point five percent or one percent. There you go. I said it so So Voyager only loans out there cryptos the strong companies with strong balance sheets like galea digital jump capital and bitco And that's of course how they get their interest because once you put your cryptos on there They loan them out and then these companies do a couple of different things. They could they could short it Whatever or they could become it's an arbitrage opportunity there or their market making one of those threes usually how these big companies Make money as borrowing cryptocurrencies. Anyhow the crypto market cap Market crash in 2020 March 2021 Bitcoin fell 35% and one day had no effect in these types of loans And this was actually on top of Celsius. They did the same thing in March 2020 when everything just Huge dive, which 35% it's kind of kind of kind of big I guess But yeah, they're they didn't have to liquidate anybody when I said true Celsius had to liquidate a few people They said things like seven seven people But it was like out of their hundreds or thousands of loans They didn't have to look at anybody because they just asked people to to collateralize because it dropped so much and with Voyager But they were you know they were smaller back then they didn't have an issue with it because they loaned out to these bigger players so sure and Then Voyager gives back about a hundred percent of the interest that they earn to the customers because Voyager is Content with the revenues they're on spread So that's why you get the high interest higher interest rates there And then if you look at Celsius, they also have high interest rates Voyager usually is a little bit lower on a lot of them, but not all of them And then Celsius has a pretty higher one just depending on what you want to do The only thing I like not the only thing but one of the things I like is that I can buy it on Voyager And I just leave it there and then I gain interest right and that's that's what it's a You're good to me. All right, so And as far as oh, yeah, so I didn't hide this whole thing So I just wanted to talk to you real quick as far as like DEX is decentralized exchanges and it talks about here about Why are how Voyager actually competes with decentralized exchanges? Well, first of all Uniswap The fees are outrageous. It's just how it is But there's other ones that I'm gonna actually do if I don't know what I'm gonna release this video but I'm gonna do a YouTube live session over at Dan clips on my second channel Dan clips is now gonna be more of an advanced type of Education platform for crypto and digital assets and then digital asset news will just be like the basics. So I'll just do a live Stream over there explaining this zero x decentralized changes But the big difference is is that first of all it sounds like changes the fees are outrageous Zeroes got a got a little bit of a lockdown for reduction And second of all if you want to do like farming and things like that good luck Telling people how to set that all up who are brand new some can do it most can't they can all do it It's not that but it's just very complex and again simplicity wins I think Voyager and then here's another thing that's incorrect actually It says here Voyager cannot go down or crash due to volume surges because it's a brokerage Well that okay that is actually true in one sense It can't go down like a coinbase goes down. It can't go down like Kraken or a Gemini Because it's a brokerage. It just goes to different. It's like the hotels.com of you know buying crypto, right? just find the cheaper one the thing is is that Voyager does go down and it has gone down in the past because of potential hacks and Safety issues which I have no problem with every single time they've gone down I think they've gone down like three or four times Correct me if I'm wrong in the comment section But every single time Steve comes back on said hey we had an issue that there was some different unscrupulous people or groups that were trying to attack and Gain access to users accounts and we shut that down quickly and that's it ends to this date they have had No loss of fun So look if you gotta do that for a couple days and I miss out on some gains or some losses What I don't really care just don't don't mount gox me and lose all my money. That's that's all I got to do That's pretty simple and then to finish up growing pains And this is the part I was talking about is why I was having an issue with recommending Voyager to everybody I still use it and then three things first of all Do I still believe in Voyager their team? Yes. Do I still believe they're doing the right things? Yes And do I still have a price prediction of the Voyager token to 30 to 75 dollars? Yes. Yes. Yes So nothing really changes there. It's just I need them to clean up some things before I start to you know start to Recommend them to all the different people who watch this channel look on this channel will get Tens of thousands of views every video right sometimes I put out two a day sometimes three a day and there's just more people gonna show up So why would I? Recommend Voyager and just shove more people into their platform when they're just trying to get up to speed I just didn't understand why I would do that I would just let it just take my foot off the gas and like hey You still got it. I still believe in it just if you're new and it looks somewhere else for a bit and go from there And yeah, so Voyager scaling it's created a plethora of scammers and this is why we're seeing a slowdown There's a plethora. There's a lot of scammers to end of the scene and attempt to steal Voyager's funds and customer funds This is how they do it. They do it by faking a deposit and Then withdrawing the money that Voyager gives for instant trading on deposits So when you open up an account for Voyager, right? Immediately they're like go ahead and trade, you know, well, we link to your bank. Everything's good, right? But do you think the bank is really that fast? We're like, oh, yeah, here's your funds Voyager. No slow slow like snails So when this happens You have to just understand that they're actually giving you this money so you can get your your cryptocurrency So if they're like, you know saying yeah, I want to just Withdraw things well, nothing's really cleared, but I want my money well, nothing's cleared so we can't do it And that's just how it is or scammers gain access to an account by taking a customer's information Or using a sim swap attack which Voyager then combats by manually verifying suspected withdrawals and look even me Had a pretty large withdrawal come out and it's five to ten business days And guess how long it took ten business days and I'm okay with that because sim swaps are on the rise This was an actual tweet that I had sent out. This is from SEMA. She had contacted me DM me and said hey, I've had a real big problem with T-Mobile had a swim sim swap lost Everything everything in my accounts. So could you you know, let people know that T-Mobile sucks and That to protect themselves on sim swaps. So sim swaps. You don't know someone scrupulous character will go into your your Mobile phone provider and say hey, I lost my phone or you know, I I have my phone But I have a new phone and I need to replace the the sim card and T-Mobile still does this and They say yeah, sure, you know, give us your information Of course, they're scammers. They know it and they get a they get a new they get a new sim card I think it's an inside job more more often than not But if they if you have Google to factor authentication to where it's that little it's a little App that you download it's for Apple. It's for Android and it just generates this six six number code that you put in They can't get that if you have your sim card stolen They like say well, I want a new sim card a new phone because it's on the app and just to prove it This is from hacker noon First line defense ditch and this is there's two types of two-factor authentication There's one where you get a text message with a code and you put that in which is Irrelevant because if they have your phone that will get you all your tech Oh, if they have a new sim card, they're gonna get more text messages or all your text messages So that's doesn't matter, but the app itself with the Google 2 fa Authenticator apps are not susceptible to sim swapping these apps rely on details unique to your physical device That cannot be transferred to another device by your phone company This means that even if an attacker manages to take over your messages They will not be able to duplicate your unique authentication codes or get into your accounts There is one caveat if they steal your phone while you're screwed. So If they do steal your phone, you know, call your provider as fast as possible Shut that whole phone down and then give them your information and whatever else and nothing everything gets locked So to finish this up And I've gotten this email as well many customers reach out to Voyager saying they got sim swap attacked or had their account compromised by giving their user information to the wrong person and Currently Voyager is 75 75 percent scaled to be able to handle 10 million customers Wow and a limited onboarding of customers in a significantly more automated manner and We'll go over this Over there's so much information Why does it matter? Oh This was the good part. Why does it matter? Why would customers leave banks for? Voyager and this is what I talked about in today's video Voyager is launching a debit card that allows you to earn 9% interest on USDC stablecoin Up until you swipe the card when Voyager eventually incorporates an insurance policy on the USDC Then it's a game changer and it's game over for banks that offer debit cards with zero percent interest so imagine that and Then it says you might think that banks will offer more interest to compete But they can't because their infrastructure and acquisition costs are far too high and that's the thing And that's where I'm gonna leave it off for this one just some other stuff and I'm gonna link it in the description, but We talked about banks getting blockbustered and when you see something like this like first of all, what do you do with your bank? You know you Need it for transactions. You got to pay some bills. You got to do a lot of different things But on a lot of places you can link your debit card to pay for your bills, so Right there. Why would I keep all my money in my bank at 0.00018% of whatever it is Or I can get 9% interest and then if I need to pay for something. Well, here's my debit card and then you go Or a credit card credit card you can pay, you know like that that way I just and then of course, you know when I talk about banks doing these things look there was a 30% reduction in Physical banks in their branches over the last two years because first of all, they don't need them every day Everybody's does banking online and they need to cut costs and the revenue is going down So they can't offer you those things anymore. It's just pretty impossible. So again, how are they gonna compete with this? It's it's pretty Pretty interesting and then last thing I'll just finish up with this I think if I Know there's some some people out there that are like, hey, I still haven't gotten my Ada Transferred in or I still haven't had my gotten my my Bitcoin transferred out or I'm still waiting for a transaction We're rails and I will say that Over the last two three weeks, I've received fewer and fewer and fewer complaints that's how I gauge things just by the people that complained to me and Even people that are like, you know what? It just hasn't happened then they email me back. Okay, it does happen Just a little bit slower. So I will say that I think At some point very soon. I'm gonna probably start recommending them again Because if people don't get in now to a Voyager, what's gonna happen down the road? When especially with the token swap that's gonna happen What's for the LGO to VGX token? Then the utility starts to go up then they offer the debit card then they offer the credit card Oh, and by the way, they're also going to be offering stocks you can go cryptocurrency to stocks and purchase them that way so Robinhood becomes irrelevant and You can actually hold your crypto and just take it off real crypto into your Deadless Well, deadless wallet and ledger and everything else. So again, I At some point very soon needs to recommend him so people don't get left behind Anyhow, so that's it for the second video today No, I went a little long There's a lot of things going on need to just explain Exactly what it is and just because that there's one narrative to the story. You really got it to really dig deep For the information because a lot of times it's not just on the shallow surface There's a lot of things going on underneath and that's it So if you liked the video found value give it a thumbs up and really help out Do give it a like also consider subscribing and that's it for today. So thanks so much for watching. I appreciate it See you on the next one