Even if you don’t have much knowledge about cryptocurrency, you can still amass digital wealth. A new product helps you do so.
The biggest obstacle for many an investor is the lack of knowledge about cryptocurrencies. Simply because they don’t know much about it, they are hesitant about investing in it. However, a US startup has now made it possible for investors to buy crypto coins in bulk.
Circle Internet Financial has launched a new product, called Buy The Market, to attract retail investors. In this program, retail investors will be able to buy seven cryptocurrencies simultaneously after they pass the security check. The seven crypto coins that are part of this product are Zcash, Monero, Litecoin, Ethereum Classic, Ethereum, Bitcoin Cash and Bitcoin.
At this moment, the product has a weekly transaction limit for buying cryptocurrencies, and that’s $10,000. It is designed such a way to abide by the necessary Anti-Money Laundering and Know-Your-Customer regulations.
Meet Circle USD Coin! A price-stable tokenized US dollar coin. USDC provides a full reserve US dollar-backed stablecoin, supported by the CENTRE open-source framework. Find out more here: https://t.co/pyIRSjuQxv pic.twitter.com/8b7jIkieux
— Circle (@circlepay) May 15, 2018
According to Rachel Mayer, who is behind the development of the investment products of the company, the program is specifically designed for those who are just starting to invest in the cryptocurrency market but don’t have much idea how to do it.
“They can easily sign up and within a few minutes connect their bank account and instantly get access,” Forbes quoted Mayer as saying.
Similar investment packages are presently available in the market. There are platforms that offer institutional investors to buy cryptocurrency baskets. The minimum investment allowed is $10,000. However, Circle offers the basket to individuals, while keeping the minimum investment limit to $1 only. Every investment will be divided into seven parts to buy each cryptocurrency in accordance with its present market cap.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]