Brazilian Fintech Unicorn Meliuz Joins the Bitcoin Bandwagon
In a big move, Brazilian fintech star Meliuz has decided to invest in Bitcoin, becoming one of the first traditional finance companies to do so. This means Meliuz will keep some of its money in Bitcoin instead of just cash. Let’s find out more about this exciting change and what it means for Meliuz and other fintech companies.
Meliuz’s Big Plan
Meliuz, famous for its cashback and financial services, has decided to put up to 10% of its cash into Bitcoin[1][2]. This is a long-term plan to get the best returns from Bitcoin. Meliuz has already bought 45.72 Bitcoins for about $4.1 million, paying an average of $90,296 per Bitcoin[1][3].
Key Parts of the Plan
- How Much to Invest: Meliuz can invest up to 10% of its cash in Bitcoin, showing it’s serious about cryptocurrency[2][3].
- Long-Term Goal: Meliuz wants to make money from Bitcoin in the long run, showing it believes in Bitcoin’s future[1][2].
- Special Team: Meliuz has created a special team to manage its Bitcoin investment and plan for the future[1].
What This Means
Meliuz’s decision to invest in Bitcoin has some important effects:
- Following the Trend: More companies are keeping Bitcoin as part of their money, showing they accept digital money[1][3].
- More to Come: Meliuz might buy more Bitcoin in the future and even use it as a main way to manage its money[3].
Looking Ahead
Meliuz’s choice to invest in Bitcoin shows it’s ready for the future. As money changes, more companies might do the same. This is a big step for fintech companies that want to try new things and make the most of their money.
Sources: tradingview.com, tradingview.com, coindesk.com, marketscreener.com, bitcoinmagazine.com