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  • James Hickey

Privacy Coins


Discretion, safety and the protection of privacy are key requirements when working with those of ultra high net worth, the stringent enforcing of Non-disclosure agreements with staff, management of information on a "need to know" basis and the need to educate those around client about their actions both on and off social media are just some of the areas that are essential, those wishing to do harm to a client, to damage their reputation, to steal a corporate secret or to plan an attack are always looking for breadcrumbs, pieces of a puzzle....the more they manage to piece together the more confident they'll be of a successful attack. With this in mind, CPM has always approached physical protective tasks from multiple angles, not simply physical protection but also anti / counter surveillance, cyber security and intelligence gathering to negate threats, it's amazing to discover how many security companies have no cyber-sec experience given that more than 50% of all crime is cyber related! At CPM we have been keen to adopt crypto-currencies as a form as payment for our services from the start, we strongly believe in the underlying principles of a decentralized monetary system and the protection that could afford us, we also see the massive value of those of high net worth using methods of payment for goods and services that add a layer of privacy! No doubt when it comes to crypto-currency you will likely think of Bitcoin, it's hard to have missed it's meteoric rise over the last few years and recently it seems to be everywhere, as the price for one coin crossed $10k the mainstream have started to take note! in our opinion it's only just getting started. However, one thing that Bitcoin is unable to offer is total privacy, all Bitcoin transactions are stored in a ledger and whilst there are ways of hiding your funds and moving them more covertly, if push comes to shove, they can be unraveled, this has given rise to additional coins, coins that are more adept to keeping you financial interests private, privacy coins such as Monero, Zcash, Dash, PivX and Verge.

Of these privacy coins, we favour Monero, some of the reasons being;

1. Stealth Addressing

"They allow and require the sender to create random one-time addresses for every transaction on behalf of the recipient. The recipient can publish just one address, yet have all of his/her incoming payments go to unique addresses on the blockchain, where they cannot be linked back to either the recipient's published address or any other transactions' addresses. By using stealth addresses, only the sender and receiver can determine where a payment was sent." - https://getmonero.org

2. Growing community, great developers

Along with over 240 developers, more and more people are seeing the benefits of using privacy services, the Monero community is growing by the day.

We are more than happy to consider ourselves a part of this community and look forward to assisting our clients in keeping their financial transactions as secure as possible by using Monero in the future!

3. Monero transactions are confidential and untraceable.

The receiving and sending address as well as the transacted amount are all hidden / obfuscated from prying eyes! 4. Decentralised

Open source, developers are funded via contributions from the Monero foundation.

#verge #privacy #crypto #bitcoin #security #cybersec

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