Introducing Robert Beadles, the president of the Monarch Wallet in some questions about the project, the business and general crypto questions.
1. CoinChoose.com:
The Monarch Wallet is quite a universal wallet that has multiple functionalities and lets users buy and sell cryptos with just one KYC and login. How did you come up with the idea for Monarch?
Robert Beadles, President of Monarch:
I’ve been in the crypto and blockchain industry since around 2011. I’ve seen the various iterations of technology come and go, improvements made, etc. I’ve also been doing software development for a number of years prior, including work for the U.S. Post Office. So to me, after speaking with hundreds of people with the same pain points, it just seemed that this was the best solution and a natural progression that made the most sense for both our users and future company partners.
2. CoinChoose.com:
Combining good projects and cryptocurrencies together sounds like a plan for success. Can you tell us more about the Monarch motor?
Robert Beadles, President of Monarch:
Combining the best projects and cryptocurrencies creates a system of inclusion and unity. Our strategy is in stark contrast to what we typically see in the industry where there is rampant tribalism, competition, and market cannibalization. Instead of trying to compete for market share against each other, we believe in sharing market segments by creating incentivization for both our partners and Monarch. Our business philosophy ultimately aids in our goal of helping to bring mass adoption by making crypto easy for everyone—from the complete newbie to the advanced trader.
3. CoinChoose.com:
You are a very active member of the crypto community by being part of Crypto Beadles, Trading View and BizTV. What is your outtake of this year for the Crypto and Blockchain community?
Robert Beadles, President of Monarch:
The last year has acted as a fiery crucible facilitating the weeding out of many projects; many of which are scams or have teams with little to no experience to execute what they promised investors and contributors. This, along with Libra’s announcement and now China’s announcement of a new China-backed cryptocurrency soon to be launched, and there is now much more attention on the legal and regulatory side of things on Capitol Hill—which is something our industry desperately needs. Overall I feel it’s been a tough but overall excellent year for the crypto and blockchain industry.
4. CoinChoose.com:
Do you have any advice for beginners in trading and for those getting familiar with Blockchain for the first time?
Robert Beadles, President of Monarch:
My advice is as follows: don’t invest any money you aren’t willing to lose. Anything can happen in this industry. You can lose everything. Always do your due diligence and only support companies, projects, or blockchains you believe in and that have a track record. Watch my YouTube channel and visit my site Cryptobeadles.com for a ton of free educational content, crypto giveaways, ways to earn cryptocurrency, and get involved on my dime. Always consult a professional financial advisor (That’s not me or my advice) before investing or spending any money—You assume all risk, don’t look to blame others if your bets don’t pay off.
5. CoinChoose.com:
How you ended getting interested in cryptocurrencies? When was your first time of buying crypto or trading and what was your first owned crypto?
Robert Beadles, President of Monarch:
I was first introduced to Bitcoin in 2011 by Max Keiser, it was when he explained how rigged the fiat financial system was and explained how bitcoin could become the digital gold, a hedge against fiat, and I caught the crypto “bug” from that point on. Bitcoin was the first cryptocurrency I purchased and owned. As for trading, I don’t trade in the traditional sense, I invest in people and companies that I believe fill a huge need, have an amazing team, ability to deliver and get the word out in a massive way.
6. CoinChoose.com:
To wrap up, can you tell us some additional information from behind the scenes of the Monarch Marketplace planned for Q1 of 2020?
Robert Beadles, President of Monarch:
Currently, we are adding MonarchPay to Apple smartphones, it should be live in the next week. We already delivered MonarchPay for Android and web. We will be adding many new coins in the coming weeks, in addition, the Monarch Marketplace is planned for Q1 of 2020+; we hope to include more partners services, applications, and various other things—all of which we are developing and working on within our app/ecosystem. We’ll release more information the closer we have things to being finalized and ready to launch. Be sure to check our official Monarch Blog at Monarch.com/blog or visit our Telegram channel (https://t.me/MonarchToken) regularly for updates and announcements.
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