Many companies in the world are investing in cryptocurrency as a method of payment. This is big news in a new industry, and the sky’s the limit in this market. Crypto exchanges offer amazing access to the crypto markets, and the crypto space allows you to partake in digital assets that you might have otherwise never invested in. However, are there other companies that are investing in these financial assets and taking advantage of the cryptocurrency market?
But it’s no secret crypto’s potential exponential gains require careful investment due to volatility. Despite the risk, here is a list of some of the companies investing in cryptocurrency:
- Bitmain
- Parity Technologies
- Bancor
- WePower
- Zcash
- Benzinga
It's also evident some governments are looking into cryptocurrency. Cryptocurrency can be utilized to avoid the financial world's restrictions, and it has the potential to lead to many changes in the way people purchase and receive goods and services. Crypto traders are looking for good places to invest, but financial institutions and businesses are doing the same.
- Bitmain
- Parity Technologies
- Bancor
- See All 8 Items
Bitmain
The first and most well-known of all capital funds, Bitmain is a company that is primarily known for its famous Bitcoin ASIC mining hardware. It has received billions in capital over the past few years.
The company has produced a number of machines, all of which contribute to the Bitcoin network in some way, shape or form. These include Antminer S9s and Antminer R4s. Bitmain's S9 is one of the best ASIC mining machines on the market today due to its power and efficiency. It also has a few mining facilities which it utilizes to mine Bitcoin and numerous other cryptocurrencies.
Parity Technologies
Parity Technologies is the most recent of all companies on this list. It was founded in February 2017 by Gavin Wood, Jutta Steiner and Dr. Christian Reitwiessner, who are all Ethereum (ETH) developers.
The company's main focus is developing decentralized technologies that can change the world for the better, with Ethereum as its primary project.
Major institutions like Deloitte and Microsoft Azure have contracted Parity to create decentralized apps that can be used for various purposes.
Bancor
Bancor has received a few million in initial capital from investors. The company's main goal is to create a standard for decentralized exchange using crypto as the currency.
The blockchain-based method of distributing tokens makes this cryptocurrency beneficial for investors, especially those who need to transact within their own network.
WePower
Similar to Bancor, WePower is also a company looking to improve the decentralized energy market by providing full solutions on blockchain technology and smart contracts.
WePower's goal is to provide energy access through renewables, which it hopes will help eliminate current energy poverty in developing countries that can't afford the upfront costs of fossil fuels.
ZCash
Zcash was founded in 2016 by Zooko Wilcox, who desires to "create cryptocurrencies that are usable for everybody." The most impressive feature of Zcash is its private transactions, which is unique compared to other cryptocurrencies.
With an incredibly strong team and a unique concept on blockchain technology, it's no wonder why this company has received well over 8 figures in initial capital funding over the past year or two.
Benzinga
Benzinga is a financial news and media company that has a strong following and large number of viewers on all social media platforms. Benzinga's network provides investors with the latest stock market news, real time access to their favorite companies, business details, and daily updates. The company was started in 2009 by the current CEO Jason Raznick.
With an audience of 2 million people, including over 35,000 account holders who use its app every week, Benzinga's popularity is growing exponentially. The company is known for its top quality content and dedication to offering only the best information to investors and potential investors across the globe.
It has only recently issued a press release announcing a portion of the company’s revenue will be invested in cryptocurrency.
Why Invest in Crypto?
Investing in cryptocurrency allows investors to receive exponential returns, though the market has its risks. Like any investment, the capital invested must be monitored closely. However, interest rates over traditionally-available banks and financial institutions can be directly correlated with the rapidly growing economy of cryptocurrency.
Information about the field of cryptocurrencies is also growing rapidly. Companies are now being formed around blockchain technology and have developed into what are called Initial Coin Offerings (ICOs).
Initial coin offering consists of investors that share their digital currency in exchange for monetary value. This ICO money is used to further development of this company's new technology, which will create a revolutionary product based on blockchain technology for use in finance or other areas that require large transfers of monetary value.
Frequently Asked Questions
Can a company buy cryptocurrency?
Yes! Bitmain is an example of a company that has purchased cryptocurrency and continues to make profits off of it. The company’s mining machines are used to mine Bitcoin, Ethereum, Dash, Litecoin and others.
What is the future for cryptocurrency?
Cryptocurrency has grown rapidly in the last decade and shows no signs of slowing down. While this currency offers a plethora of benefits as compared to traditional forms of money transfer (especially in terms of anonymity), it’s important that investors know their limits when it comes to risk management.
What is the best crypto to invest in?
While it is difficult to provide specific advice as to the best cryptocurrency, it is important to purchase coins on the lower end of the market right now and hold them for a while. There is a possibility that as this market continues to grow, these coins may grow exponentially.
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