UNO Digital Bank Speaks on Plans to Offer Crypto Investments
UNO DIGITAL BANK – The digital bank is eyeing to offer cryptocurrency investments on its app by 2024 despite the FTX bankruptcy.
When it comes to investments, there are now several options that the people can choose from. You can invest your money in a business, mutual funds, the stock market, or insurance policies. You may also consider cryptocurrency investments.
Crypto investments have been the way for several people to grow their wealth not just double but several folds. However, Bangko Sentral ng Pilipinas warned that it is a risky investment. You must be well-equipped on how it works and well-prepared of the possible outcome. On the good side, it can increase your wealth several folds.
Nowadays, some banks are planning to offer crypto investment options to their clients. One of these entities is UNO Digital Bank which eyes cryptocurrency investments by 2024.
Based on a report on ABS-CBN News, UNO Digital Bank plans to push through with crypto investment offers to its clients despite the recent bankruptcy of FTX. According to UNO founder and CEO Manish Bhai, they are eyeing crypto investments but they are not into crypto trading soon.
According to Bhai, their goal is to provide their clients with a single platform that meet all their needs when it comes to their finances – “save, borrow, transact, protect, and invest”. The bank’s founder and CEO stressed that cryptocurrency is a key ingredient when it comes to investment offers.
Meanwhile, explaining why it is not into crypto trading soon, Bhai stressed that UNO Digital Bank’s strength is its own balance sheet and they want to focus on deposits and loans. They are also focusing on insurance offers which they are starting and then on investments. The crypto plans is seen by 2024.
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