BTG Pactual, a central Brazilian asset manager, unveiled the addition of a new portal that will allow clients to make Bitcoin investments directly, making it the first major financial firm in the country to provide direct Bitcoin risk. to consumers. Users could buy Bitcoin through the Mynt platform, operated by the bank. According to Exame, BTG Pactual CEO Roberto Sallouti said the creation of Mynt was in response to strong demand from customers who wanted to trade Bitcoin and other cryptocurrencies. As a new asset class, Sallouti explained that Mynt will also host educational content to teach users about Bitcoin, virtual currencies, and blockchain technology. He said: “As a financial asset, we will also have substance to educate people and our consumers about these resources and the new technology.” Before going ahead in our guide, please sign up for the tour here and learn how to make amazing transactions with Ethereum code.
The bank’s Mynt app is expected to be the first to introduce Bitcoin to conventional conservative investors and bank customers, and to offer easy access to Bitcoin. A notable example is the launch in 2019 of BTG Pactual’s own real security token, “ReitBZ”, which requires a minimum investment of $ 500 to participate.
In Brazil, the bank has a long history of setting precedents in various areas. BTG Pactual also made history by being the first Brazilian investment bank to develop a Bitcoin and cryptocurrency fund in April 2021. Choice, a financial services company with more than $ 18 billion in assets under custody , announced the introduction of a new iOS app that allows anyone to invest in bitcoin without paying taxes. The introduction of this new software appears to be the most efficient and easiest way to invest in bitcoin – and it is doing so tax-free.
Alternative Investments wants to put this tax-free investment instrument (an IRA) directly into the hands of its clients. Since we live in the digital age, almost everyone has access to a smartphone and, therefore, can use its services. Americans who have no assets outside of their retirement accounts now have the option of investing in bitcoin on their own without incurring any tax liability. With this decision, The Choice gains access to a huge market.
Since mobile devices account for over 80% of Facebook and Twitter usage, we needed to make retirement more accessible and meet with people who were already living their lives to solve the retirement issue facing the United States. . Choice CEO Ryan Radloff said: “Today we take a big step forward in this direction.” When it comes to news like this, the most common response I hear from Bitcoiners is, “Well, if that’s not your keys, it’s not your bitcoin.” And if you thought like that, I have good news for you: When using Bitcoin in the Choice app, you can choose to keep your keys or allow Fidelity to act as a custodian on your behalf.
No one I have ever met has been more willing to give of their time, intelligence and resources to challenge my current perspective than this group. It’s totally free. Weird. It was a little different when I first entered this phase, it was in 2017. Unlike the year before, there was less debate about the strength of bitcoin in terms of currency characteristics, economy and everything related to “blockchain”. “Bitcoin’s value propositions became evident to me when I tucked my shirt in and the swan plunged into the rabbit hole I had been dragging myself into. Private Client Services provides unique and creative custody solutions to individual investors, investment sponsors, family offices, advisory firms, brokers and other financial platforms.
The Choice became the first retirement service to provide a single account for all of its clients’ retirement assets, whether physical or digital, traditional or conventional, when it launched in May 2020. According to Choice, since Choice debut in May, digital assets have grown to more than $ 1.6 billion, or about 10% of total assets.