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BRD a Well-known Cryptocurrency wallet has managed to reach 6 million users with its growth in countries.

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Crypto Business World

CBW -External Analyst

INDIA

Oct, 22 2020

Oct, 22 2020

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Recently Mobile Cryptocurrency has announced that its wallet BTD has now more than 6 million users across the world. Its scope of growth is seen well in Latin America and India and with such an exceptional momentum, the company is soon hoping to cross 10 million of user by the year 2021. 


BRD is a Zurich based company which was founded in the year 2015. It has reached more than one million of users in almost 2 months in this one-year span. The company took initially more than 4 years to reach this target. It managed to reach nearly 550,000 monthly active users by the beginning of the July. The chief executive and the co-founder officer Mr. Adam Traidman have attributed the rise of interest in cryptocurrency, by first time users epically after to the COVID-19 pandemic.

 

Adding further to his statement, he said that it is all because of the people who have been staying at home and planning out for better options for recording the fundamental questions associated with their family and life currently. This has eventually resulted for the people to think more on they finance and money. People in this span of 6 to 7 months had a lot of time to think about the investments which they have been making and it has grown quite a lot. 


He also added that due to this demand, nearly $55 million of funds has been raised from the investors like East ventures and SBI crypto which are the two well-known users. The first section is of those millennials who had discretionary income which they invested with the help of aps such as Robinhood instead of choosing the traditional brokersWhile there was a second group of the people who had a huge financial impact that occurred due to pandemic and are now switching to cryptocurrency and bitcoin to delay with the loss and fluctuations with a n aim of better financial stability. 


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Crypto Business World

CBW - External Analyst

INDIA

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