menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Ethereum News

>

Why some S...
source image

Moneyweb

1d

read

148

img
dot

Why some SMEs are loading bitcoin onto their balance sheets

  • Altvest became the first JSE-listed company to adopt bitcoin on its balance sheet, with other South African companies following suit.
  • Companies are using USD-pegged stablecoins like Tether in addition to BTC to hedge against inflation and potential rand weakness.
  • The growing acceptance of cryptocurrencies, especially stablecoins and bitcoin, in the financial sector is notable.
  • Institutional buyers entering the BTC market through ETFs have contributed to BTC's price stability and speculation about its future trajectory.

Read Full Article

like

8 Likes

For uninterrupted reading, download the app