The company has acquired over half a million new users
The number of US users of the BRD crypto wallet has increased by 678 thousand people since March. According to the company’s forecast, its total number of customers will reach 5 million in August this year. Earlier, BRD was expected to receive such indicators at the end of the year.
Thus, video conferencing applications, social networks, and streaming services are not the only companies for which the epidemic of coronavirus virus has become financially successful.
According to BRD CEO and co-founder Adam Tredman, the company now downloads a record number of applications every month. The entrepreneur combines the growth of application downloads with the fact that customers are forced to order home delivery. In addition, consumers now have more time to explore alternative asset classes, including cryptocurrencies.
According to Forbes notes, due to the crisis, investors switched to alternative investments in crypto assets. In addition, interest in cryptocurrency, especially in bitcoin, has increased due to the needs of users in international transfers. As a result, in March and April, bitcoin stock trading volumes reached record levels, the publication said.
It is noted that increasing interest in cryptocurrencies will not affect their volatility in any way, however, this may increase their popularity after the COVID-19 epidemic.
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We previously wrote that the Chinese Parliament unveiled the draft of its first civil code, which includes the protection of civil rights such as property, contracts, marriage and inheritance. The law on inheritance provides the possibility of recognizing cryptocurrency as an appropriate property for inheritance. The document is under consideration with changes proposed by the PRC regulators.
Read: The cryptocurrency bill presented by the Ministry of Statistics: how it is proposed to regulate them
According to the content forbes.com