Altswitch CEO presents AltWallet in Dubai

by | Jul 19, 2022

Future Innovation Summit V2 is an event that was recently held last May 11-12 at the Meydan Hotel in Dubai. It hosted prominent personalities and organizations that held critical discussions around topics such as space, the metaverse, blockchain technology, and sustainability. AltSwitch’s core team in attendance was comprised of CEO Carl Munsayac (Bitmax), CMO Dragos Petrovan (Dogefather), CTO Vlad Sulea (BNBae), CCO Carlo James Nuque (Tetherogue), CDO Clark Abella (Ethero), CSMO Kaye Labay (Xrpixel), CHRO Shari Ashley (Cardanova), and CPRO Nicholas Sledziona (Stellarcat).In line with core topics of the metaverse and digital currencies, AltSwitch’s CEO Carl Munsayac (BitMax) brought to the audience’s attention the exponential growth of cryptocurrency, the foreseeable direction of global transactions,  the growing threat of digital asset theft, and the revolutionary solution which they aim to introduce to the market. 

During the keynote, Carl emphasized the alarming rise in digital asset theft which has damaged the reputation of cryptocurrency and the trust of its investors and consumers. A total value of $90 billion has been stolen from major exchanges and NFT projects through various methods such as hacking, phishing, and social engineering exploits to date. He expounded upon this problem citing the exponential growth of wallet users from 5 million in 2016 to now 300 million wallet users in 2022, a pattern of increasing digital asset theft, and how AltSwitch aims to provide an innovative solution to an otherwise stagnantly developing digital asset security industry, which is its very own state-of-the-art hardware wallet.

The audience was captivated as he debuted the hardware wallet video on stage, not long after the end of the video the crowd responded with resounding applause with some from the crowd even giving him a standing ovation. He then addressed the industry leaders in the audience expressing their inherent responsibility to support solutions to the growing problem of digital asset theft as a moral responsibility. This is where he implied the growing concept of the H2H or Human-to-Human business practice in alignment with AltSwitch’s company values. He highlighted that behind each dollar that was lost to digital theft is people’s hard-earned money that could have been used to fund their child’s education, put up a small business, or even achieve a lifelong dream. These are the things that to him were worth the massive effort to provide a solution to and are the company’s mission to achieve in providing consumers peace of mind over their assets on the blockchain.

(Center – The Founder of Future Innovation Summit, H.E. Adnan Al Noorani holding AltSwitch’s flyers to promote) 

Hardware wallets are specialized electronic verification devices designed to secure transactions on the blockchain and AltSwitch will soon be launching its very own luxury line hardware wallets to the market. It will be equipped with an integrated OLED NFT display, multi-layer encryption, and biometric security.

The company attempts to break into the world of the most opulent brands, bringing to market a one-of-a-kind, high-end product made of the finest materials.

The organizers of the Future Innovation Summit Startup Olympics will be announcing the winner a week after the event to tabulate the results. The prize is worth AED 5 million.

If you are looking for the next big thing in the crypto space, this is the perfect opportunity to be an early investor in AltSwitch as it brings innovation and a solid solution to a multi-billion dollar problem.

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