Cryptocurrencies

Tracker Certificates on
Crypto Currencies

The exchange-listed, open-end tracker certificate on Bitcoin, Ether, Ripple and Litecoin has given investors an extremely advantageous instrument for investment. It offers nearly 100% participation in the price of the particular cryptocurrency in USD without needing access to a crypto currency platform with their own virtual wallet. On top of this, the usual investment process can easily be maintained, and investors do not carry the risk of losing the cryptocurrency due to hacking. Furthermore, due to the tracker certificate’s unlimited term, investors can essentially set their own investment horizon. As the issuer of the investment product, Ithuba Investment Bank is also responsible for handling any IT administration necessary in the event of a hard fork. 

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BITCOIN

“Bitcoin: A Peer-to-Peer Electronic Cash System” the popular white paper written by Satoshi Nakamoto created a massive stir on the Internet back in February 2009.  It’s considered the birth of the cryptocurrency Bitcoin, which epitomises the idea of an independent payment system.

The blog article posted by Nakamoto sparked considerable attention. In it he wrote: “The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless.”

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ETHER

Ether is a virtual currency in the form of a payment token within the Ethereum network, and is therefore not a currency issued by a state or government. 

Ethereum is a distributed system within financial technology, which offers the creation, management and execution of decentralized programs or contracts (commonly known as Smart Contracts) in its own blockchain infrastructure of which Ether is an integral part. 

It exists only virtually on a computer network and has no physical counter value. Ether trading is decentralized in the Internet and does not need to be handled through intermediaries such as a state, central banks or commercial banks. 

Ether

RIPPLE

Similar to Bitcoin, Ripple (XRP) is based on blockchain technology. However, unlike Bitcoin it is not a pure crypto currency. Instead, Ripple is a payment token – the currency – within the Ripple network. With a current market capitalization of over USD 17 billion, Ripple is the third largest crypto currency in terms of market capitalization following Bitcoin and Ether.

The vision behind Ripple is to connect the world’s financial systems, make payment transactions faster and more cost-efficient while enabling the secure transfer of assets in real time.

Ripple

LITECOIN

Litecoin is a digital currency that enables peer-to-peer money transfers in real time at close to free of charge. It is a worldwide and decentralized open source payment network without a central authority with many similarities to Bitcoin.

Litecoin was introduced in 2011 and it is the oldest crypto currency after Bitcoin. Compared to its “big brother” Bitcoin, Litecoin offers faster transaction times (2.5 minutes compared to 10 minutes in the Bitcoin network) and improved storage capacity. It is therefore the perfect supplement to the most popular crypto currency.

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