Foxbit offers support for companies to invest in Bitcoin in Brazil

Charlie Taylor

With the launch of Foxbit Business, Brazilian institutional investors now have legal, accounting and a safe custody option. In the international market, there are already more than 40 companies that have publicly announced some investment in Bitcoin, and now the wave is coming in Brazil. The first customer of Foxbit Business was Yubb, a startup that became the first to publicly invest 15% of its cryptocurrency box. In addition to Bitcoin and Ethereum, the education and investment company reveals that it has also diversified its exposure to American stocks through the S&P 500 index. Bernardo Pascowitch, CEO of Yubb, sees an international movement of increasing confidence in crypto. “And there is a very great potential in 2022 for the devaluation of traditional currencies, be it for economic reasons, or for the unbridled impression of the dollar and the euro”, he explained. For Foxbit co-CEO Ricardo Dantas, it is natural that companies start to be interested more by cryptoactive. After all, big players like Tesla, Square and MicroStrategy are collectively investing billions of dollars in Bitcoin, reinforcing the cryptocurrency's thesis as a store of value.

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Dantas also reveals that large companies are already looking for Foxbit's help to enter the crypto market. "Every day we are more prepared to give all the support, offering them the technology and knowledge necessary to make them feel safe for this market." investments. As knowledge increases, so does demand. I believe that Brazil will be among the largest countries in the crypto scenario very soon, "concluded the broker's co-CEO. The new platform within Foxbit will feature market reports, analysis and a specialized team to assist investors. In addition to support for “Payment of Social Capital and Compliance to ensure regulatory compliance and high standards in the crypto market”.Follow Cointimes also by Telegram, so you don't miss the main news and an important daily summary.

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