London-based crypto-processing BCB Group has unveiled a new service for companies planning to transfer part of their reserves to the first cryptocurrency.
NEWS: Announcing BCB Treasury, a service designed for corporate treasury departments looking to get involved with digital assets
– BCB Group (@BCBcrypto) February 19, 2021
BCB Treasury will open up access to bitcoin and other digital assets for customers. With its help, corporations will be able to trade, manage and store cryptocurrency as part of their strategy.
“We are seeing some powerful signals that are drawing companies into the digital asset space,” said Oliver von Landsberg-Sadie, head of the BCB Group.
Dubai-based Falcon Corporate Services FZC has become the first customer of the new service. It has dedicated 75% of its reserves to bitcoin, the equivalent of several million dollars, Landsberg-Sadie noted.
BCB Group provides payment services in over 20 fiat and digital currencies and is also a cryptocurrency custodian. The firm’s clients include Coinbase, Kraken, Bitstamp, and Galaxy Digital.
In January 2020, BCB Payments’ subsidiary received a payment operator license from the UK Financial Conduct Authority.
Recall that the provider of analytical software MicroStrategy became the first public company to invest part of its capital in bitcoin.
In February 2021, MicroStrategy announced a new $ 600M bond sale round to buy digital gold.
Earlier it became known that the manufacturer of electric cars Tesla invested $ 1.5 billion in bitcoin. Later, the founder of the company, Elon Musk, called these investments “quite risky.” He hinted that the decision did not come from him.
Listed on several stock exchanges, SynBiotic SE announced that it was the first public company in Germany to begin converting some of its free liquidity into Bitcoin.
Subscribe to ForkLog news in Telegram: ForkLog FEED – the entire news feed, ForkLog – the most important news and polls.
Found a mistake in the text? Select it and press CTRL + ENTER