Soon after its launch around Independence Day, the bank has plans to allow its users to open a fixed deposit (FD) or recurring deposit (RD) in Bitcoin and other cryptocurrencies, just like bank FDs
The fundraise is likely to be led by Facebook cofounder Eduardo Saverin's B Capital Group. Besides, existing investors Coinbase Ventures and Polychain Capital are also expected to take part in the round
Shetty believes that WazirX can provide something unique to the customers, especially for those who use their brand but need to go to a rival one for decentralisation
Bitcoin was last up 1.7% at $40,149 while rival cryptocurrency ether rose 1% to $2,328. Bitcoin is within a whisker of rising through its 100-day moving average
Blog explains how cryptoassets as a national currency may be a step too far, and that new digital forms of money or digital currencies require significant investment as well as difficult policy choices
"Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true," said a spokesperson from Amazon
CoinBurp said last week it had raised $6 million to build a platform for buying and selling NFTs, digital assets that are attracting interest from some investors but also scrutiny from worried regulators.
As per a recent job posting by the US-based e-tailer, the new hire will develop "Amazon's Digital Currency and Blockchain strategy and product roadmap"
The bank told its financial advisers in a memo earlier this week to take buy and sell orders from its wealth management clients for five cryptocurrency products effective July 19
