Financial services giant Paypal ($250-billion market cap) announced that it will allow its ~200M U.S. users to buy, sell, and store crypto assets on its platform, starting over the next few weeks with bitcoin, ethereum, Bitcoin Cash, and Litecoin.
The $250-billion payments giant says crypto is going to play a key role in the future of financial services
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What’s more, the firm said it would enable its 26 million merchants to accept crypto as a payment method, starting in early 2021.
It is likely the biggest development of 2020 for crypto. It represents a major levelling-up of the asset class.
Revix, backed by JSE-listed Sabvest, allows people to invest in crypto like Warren Buffett wants you to invest in stocks.
“Crypto is revolutionising the way value is transferred throughout the world. It’s no mystery that crypto itself is very difficult to understand, not to mention the underlying blockchain technology that it operates on – and how to invest in it safely, isn’t yet well understood. Smart, modern investors, with a growth mindset have already included crypto assets as a key element in their investment portfolio,” co-founder Sean Andrew Sanders noted, adding that this insight inspired the team at Revix to create and launch their easy-to-invest-in crypto Bundles.
Revix is accessible to everyone, whether a R500 investment or an R1-million investment, the online platform is ideal for people who want to get started in crypto but are unsure how or where to start. Sanders continues “Our main focus at Revix is to make investing easier so that many more people have access and can take advantage of the massive opportunities in today’s markets.”
After signing up for an account on www.revix.com, you then transfer Rands and within minutes you are invested in any one of the 3 Revix Crypto Bundles on offer – Top 10, Payments-focused, and Smart Contract-centric crypto bundles.
“Our Crypto Bundles are unique in that they automatically rebalance once a month, so that customer investments stay up to date with the latest crypto market developments. Top performing cryptocurrencies are included in our Bundles while the poor performers are removed,” explains Sanders.
Revix will soon be making it even more convenient to invest by launching their mobile application and by introducing auto investments, where once a month, funds get debited from your bank account and automatically invested in a professionally managed Crypto Bundle of your choice.
The platform was launched in South Africa in March 2019, with investment funding from JSE listed, specialty investment group Sabvest Limited. Following the positive market response, Revix is now getting ready for expansion into both the UK and European markets.
“Revix is not just a platform that helps customers invest in crypto, it also provides a community through which customers can keep up-to-date and be constantly informed about the world of crypto and blockchain,” Sanders noted, adding that the Revix team publish cryptocurrency media digests, as well as all the latest news in their weekly newsletter.
Sanders concludes “I left the world of traditional finance and investment banking to start Revix because Revix is a wealth generation company, which opens a door for everyone to invest in this new investment class of cryptocurrencies. I believe this to be one of the greatest opportunities of our lifetime. There is no bigger story in finance, as far as I’m concerned than the pending impact of blockchain and related technologies on the world. I believe decentralised trust platforms operated via cryptocurrency networks will spur the most significant changes in how society handles information since the Internet. All this will give rise to a new generation of global investors and business people hungry for opportunities that Revix will connect them to.”
More on Revix’s products
Pax Gold is a 1:1 gold bar-backed crypto commodity where investors can take legal ownership of a fraction of a physical gold bar. The physical gold is securely in Brinks vaults in London, and Pax Gold, like other digital assets, is divisible with a minimum investment of just R500.
The Top 10 Bundle is like the JSE Top 40 or S&P 500 for crypto and provides equally-weighted exposure to the top 10 cryptocurrencies, making up more than 85% of the crypto market.
The Payment Bundle provides equally-weighted exposure to the top five payment-focused cryptocurrencies including the likes of Bitcoin, XRP, Stellar, and Litecoin. These cryptos aim to make payments cheaper, faster, and more global. This is suitable for those who believe crypto as a means of payment will eventually become universal.
The Smart Contract Bundle provides equally-weighted exposure to the top five smart contract-focused cryptocurrencies like Ethereum, EOS, and Tron. Smart contracts have additional functionality built into them, to facilitate payments when certain predefined conditions are met.
What’s great is that Revix’s algorithms automatically rebalance and reconstitute a customer’s Bundle holdings on the 1st of every month so that they are equally weighted and to ensure that they stay up to date with the fast-moving crypto market.
About Revix
Revix brings simplicity, trust, and great customer service to investing. Its easy-to-use online platform enables anyone to securely own the world’s top investments in just a few clicks.
Revix guides new clients through the sign-up process, to their first deposit and first investment. Once set up, most customers manage their own portfolio, but can access support from the Revix team at any time.
For more information, visit Revix.
This article is intended for informational purposes only. The views expressed are not and should not be construed as investment advice or recommendations. This article is not an offer, nor the solicitation of an offer, to buy or sell any of the assets or securities mentioned herein. You should not invest more than you can afford to lose, and before.
Featured image: Supplied
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