United States: Crypto Investment And Payments Products Launch, Payment Data Published
To print this article, all you need is to be registered or login on Mondaq.com.
Last week Securitize announced the launch of Securitize Capital,
which will serve as an investment manager of digital asset funds
for institutional and accredited investors seeking exposure to
cryptocurrencies and decentralized finance. Securitize Capital
plans to launch two digital asset funds in early June. In a related
development, the innovation and ventures unit of a major
multinational financial services firm is reportedly working with
the parent company of digital asset platform OSL to launch a new
digital assets brokerage and exchange. The new venture will focus
on providing investors access to digital asset liquidity pools.
According to a recently released report by PYMNTS and a major
U.S. cryptocurrency payments provider, 18 percent of adults in the
U.S. plan to make purchases using cryptocurrencies this year.
Approximately 25 percent of those who currently own cryptocurrency
have used cryptocurrency to pay for day-to-day goods such as
groceries and streaming services. The report also cites research
indicating that 12 percent of consumers currently own at least one
cryptocurrency. As to demographics, the report indicates that 19
percent of millennials own cryptocurrency and that men are more
likely than women to invest in the digital asset space.
This week Coinbase announced that consumers can use the Coinbase
Card, a debit card that allows cryptocurrency to be used for
payments and purchases, to make cryptocurrency mobile payments, in
partnership with two major mobile app payment providers. In other
crypto payments news, a large Mid-Atlantic restaurant and
convenience store chain recently announced plans to accept
cryptocurrency payments, citing increased adoption of
cryptocurrencies by the mass public as well as improved
For more information, please refer to the following links:
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Technology from United States