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Grayscale Bitcoin Trust GBTC

Grayscale Bitcoin Trust (the Trust) is an investment vehicle. The Trust's purpose is to hold Bitcoins, which are digital assets that are created and transmitted through the operations of the peer-to-peer Bitcoin network, a decentralized network of computers that operates on cryptographic protocols. Its investment objective is for the value of the shares (based on Bitcoin per Share) to reflect the value of Bitcoin held by the Trust, determined by reference to the Index Price, less the Trust's expenses and other liabilities. The Trust's activities include issuing Baskets in exchange for Bitcoins transferred to the Trust; transferring or selling Bitcoins, Incidental Rights and IR Virtual Currency; transferring Bitcoins in exchange for Baskets surrendered for redemption; causing the Sponsor to sell Bitcoins, Incidental Rights and IR Virtual Currency on the termination of the Trust; and making distributions of Incidental Rights and/or IR Virtual Currency or cash from the sale thereof.


ARCA:GBTC - Post by User

Grayscale Bitcoin Trust
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Post by penaltykick03on Mar 11, 2021 1:25pm
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Post# 32773993

Does it really outcasts the traditional banking?

Does it really outcasts the traditional banking?
Sponsored Post Crypto-currencies had always been a hot topic around the globe. Many people and countries were engaged in crypto-currency exchange. Is it outshining the traditional banking as most people said? Check this out!

According to a study, more than two in five of these underbanked households already use mobile banking to access their accounts. But only a quarter use a bank’s mobile website or mobile app to pay bills, and only about one in eight use a bank’s mobile website or mobile app to send money to other people. Using mobile bill pay or mobile person-to-person payments instead of cash or non-bank money orders gives safety and convenience, deepens the connection between households and their banks.
 
Now with the groundbreaking pacing, security and cost-effectiveness of crypto-currency, the underbanked and unbanked will have even more inflows to embrace mobile payments. Check disclaimer on profile and landing page.
 
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