MicroStrategy wants to help Latin American banks buy Bitcoin

admin

MicroStrategythe largest institutional whale of Bitcoin, with more than 120,000 BTC in its possession, wants to help Latin American banks to buy cryptocurrencies as an investment.

Directed by billionaire Michael SaylorMicroStrategy was the first publicly traded company to purchase digital currency as a primary hedge and store-of-value asset.

MicroStrategy (Nasdaq: MSTR) is the largest independent publicly traded business intelligence (BI) and analytics company.

Its data analysis platform is used by many Fortune Global 500 companies. With more than 30 years of existence, it has been present in countries like Brazil for more than 20 years and can offer more services in the country.

MicroStrategy wants to help Latin American banks invest in Bitcoin

Many companies around the world want adopt Bitcoin as a reserve strategybut they don’t know how to take the step.

With that in mind, MicroStrategy decided to start helping these companies monitor the cryptocurrency market and make better decisions on it. With various data analysis tools, the Michael Saylor company hopes that banks and other companies will be able to access Bitcoin investments.

According to information shared with cryptoreport by Luis Lombardi, regional director for Latin America at MicroStrategy, the company should help banks and companies to buy Bitcoin.

“We will help banks and businesses make data-driven decisions for potential cryptocurrency adoption. Additionally, we want to help financial institutions develop better virtual currency-based products for their customers.”

According to the executive, more and more business leaders from around the world request information and advice from the main executives of the company that is a world reference in regard to bitcoin for corporations.

What will the process of helping new investors be like?

Already having extensive experience investing in Bitcoin, MicroStrategy has helped companies like Tesla and Elon Musk’s SpaceX buy this digital currency as a store of value.

In this way, many CEOs and CFOs looking to buy this knowledge can use a new tool that MicroStrategy makes available to analyze information about Bitcoin.

With this solution in hand, users can select filters and simply view various information about the market, such as current price, volatility, ups and downs, as well as the possibility of anticipating trends and forecasting currency behavior, analyzing the situation according to data. historical and current.

One of the tool’s services also helps executives create Bitcoin wallets for safe custody. Interested companies can find more information through the website hope.com, created for this service.

On August 11, 2020, MicroStrategy became the first publicly traded company to buy Bitcoin and CEO Michael Saylor recalled the special date on his Twitter.

“Two years ago, MicroStrategy embarked on a Bitcoin strategy, adopting BTC as its primary treasury reserve asset, acquiring 21,454 bitcoins at a total purchase price of $250 million or ~$11,653 per bitcoin.”

Click to rate this post!
[Total: 0 Average: 0]
Next Post

How to Use Curve Cash

Curve is a digital wallet that works with your debit, credit, and loyalty cards. It allows you to transfer payments between cards in a 30 day window, is free from ATM fees, and provides anti-embarrassment mode. Curve is an excellent choice for anyone who wants to switch their payments back […]

Subscribe US Now