Home Altcoins News Litecoin (LTC) in your 401 K Employees Adding Crypto to Portfolio Charlie Goosebumps

Litecoin (LTC) in your 401 K Employees Adding Crypto to Portfolio Charlie Goosebumps

litecoin employees 401 k

Want Litecoin in your 401K??? ForUsAll Introduces the Alt401(k), a Fully Integrated Retirement Plan in partnership with coinbase letting employees add crypto to their portfolios.

ForUsAll, is a leading retirement investment platform meant for small businesses.  They recently announced the introduction of the Alt 401(k), its retirement investment platform which permits employers to provide alternative investment options within 401(k) plans, which is the first of its kind.

The company makes it possible for employers to offer cryptocurrency as the plan’s first alternative investment by choosing Coinbase Institutional, a leading cryptocurrency platform.

Key features of the Alt 401(k) include: A full turn-key automated 401(k) for employers, with both traditional and alternative investment options.  Employees can transfer up to 5% of their balances into a secure account that has exposure to certain cryptocurrencies.  Employees will be able to buy, hold, and sell over 50 different cryptocurrencies.  Employees will get ongoing portfolio monitoring and education.”

Brett Tejpaul, Head of Institutional Sales, Trading and Prime at Coinbase. “The next evolution is to broaden our reach and we are thrilled to be working with ForUsAll, the leading 401(k) technology platform, to expand access to cryptocurrency through 401(k)s.”

Reportedly, they claim that cryptocurrency is more efficient in 401(k) due to tax efficiency, diversification, saving incentive, convenience and security.

Some community users were left wondering:  Is it decided by the employer if this is integrated or can it be requested by the employee?

Meanwhile Litewallet:  New Android Release v2.3.1 has a Show/Hide Litecoin Card based on user location – Redesign of the Login View – Added Turkish language support – Added Indonesian language support – Bug fixes.

Nayid Bukele expressed:  The BitcoinLaw has been approved by a supermajority in the Salvadoran Congress. 62 out of 84 votes! History! BTC.

In response Charlie Lee stated:  “I just searched my old emails and saw that June 8, 2011 was the day I got into Bitcoin. Today is exactly 10 years since that day. It is the first time I got goosebumps from something happening in this space. History will look back on this day as a major turning point for Bitcoin!”

Community were wondering if Charlie thought it would be better if they adopt LTC? Global hyperinflation + Mass adoption + Working as clock 24/7 more than 10 years = GOAT Great of All Times. I do not know where is the limit; but, right now I know it is not the final limit. LTC will follows the BTC path.

Recently, CoinShares listed Litecoin (and Bitcoin & Ethereum) ETPs, physically-backed exchange traded products, on Germany’s Börse Xetra.

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Steven Anderson

Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9

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