Originally conceived as an effective means to facilitate cross-border transactions, cryptocurrencies have gained traction as an alternative asset class among investors.
Outside Asia, he cited that studies have indicated that cryptocurrencies are gaining traction, with 40% of Americans familiar with the digital asset, saying that they are willing to use Bitcoin in transactions, while 35% of the respondents to a survey in Europe stated it’s the future of online spending.
Furthermore, he said, there is rapid development in the segment and an intensifying race for digital currency supremacy. With testing under way in Shenzhen and four other locations, he stated that cryptocurrency enthusiasts are excited to be part of the implementation of stablecoin when it arrives on these shores.
“We know our clients will appreciate the way we differentiate ourselves with our personalised service and competitive price structuring,” he said.