UK company launches service for corporate treasuries to invest in Bitcoin

UK-based crypto firm BCB Group seeks to provide corporations with a way to put Bitcoin on their balance sheet by launching a dedicated treasury.

BCB Group, a global digital financial services firm, plans to help corporations navigate cryptocurrencies like Bitcoin (BTC) by launching a dedicated service.

According to a February 19 announcement, BCB Group has launched BCB Treasury, a new service designed for corporate treasury departments looking to get involved in Bitcoin like Tesla did.

The new service aims to provide a specific solution that allows access to treasury management for companies wishing to invest their capital in Bitcoin and other digital assets. With BCB Treasury, executives can enter, retain, manage and report on a Bitcoin-centric treasury strategy, the announcement states.

BCB Group Founder and CEO Oliver von Landsberg-Sadie said the launch of BCB Treasury comes in response to growing demand triggered by recent Bitcoin moves from companies like MicroStrategy and Tesla. The executive said that many companies are looking to invest in crypto to protect against weak fiat currencies:

    “We are seeing some powerful signals drawing companies into the digital asset space, including the degradation of reserve currencies through unprecedented levels of money supply from the Central Bank.”

Last year BCB Payments, the core business of the BCB Group, received regulatory approval from the UK Financial Conduct Authority.

London-based BCB Group is a leading European crypto payment service provider, serving some of the world’s largest crypto companies such as Coinbase, Gemini, Galaxy Digital, Bitstamp, and Kraken. In early February, the firm appointed former Coinbase UK CEO Zeeshan Feroz as an advisor.

The Central Banks of the various countries, especially the Federal Reserve of the United States, are sending very negative signals to investors, the printing of money in Fiat currency, dollars with the concept called, Quantitative to infinity, is not Rather than generating hyperinflation, which is paid for by the underprivileged, in the chain of traditional finance, the world economy is seriously flawed and trust in Fiat currencies is in question. Blockchain-bitcoin technology can help to democratize wealth, time seems to change, in favor of users and investors, financial education is lacking, debt can be paid with the knowledge of crypto. Waiting for new announcements.

Reference: cointelegraph.com

Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin.

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