Dec 10, 2021 20:58 UTC
Dec 10, 2021 at 21:10 UTC
Cryptocurrency exchanges have been the talk of the town lately. Many risk-aversive investors are curious but apprehensive about its steep learning curve and volatility. However, there is a way to invest in crypto without actually having to buy coins. Bloomberg advises investors to look into companies with a financial stake in the future of crypto or blockchain technology. There are a growing number of companies that specialize in blockchain technology to keep an eye out for — here are some of the best ones to get you started.
Square is a crypto-friendly fintech company that has two components to its business. First, it has a payment-processing system available for small businesses and a successful Cash App for person-to-person payments. Second, it has operations in business lending and stock trading. It recently introduced the Square Online Store, which helps merchants build e-commerce services. Additionally, Square announced a $5 million investment into a solar-powered mining ability for Blockstream Mining to support sustainability initiatives, as concerns for crypto-mining aftereffects grow. For all these features, investing in Square is a relatively safe decision.
Nvidia is another company that has delved into the crypto sphere. It’s a computer processor chip company but has progressed into producing graphics processing units and chips for crypto mining. An article from trusted finance website AskMoney also reported that Nvidia has announced a partnership with Tesla’s rival NIO to help develop a new generation of largely automated electric vehicles, along with plans to acquire Arm Holdings. That said, Nvidia is a well-rounded investment option, with stakes not only in blockchain and crypto but other fields as well. Additionally, the company expects an impressive fourth-quarter revenue of $7.4 billion, which proves that it’s a stable company to invest in.
DocuSign is the proud market leader in electronic signature technology. It uses the Ethereum blockchain to record customer agreements and helped create one of the first blockchain-based smart contracts back in 2015. This year, the company was able to rally 6.8% in premarket trading after beating forecast and revenue estimates. Moreover, DocuSign entered into a partnership with Salesforce, allowing businesses using Slack to have easier access to their services. With more and more aspects of life being digitized, the e-signature business is expected to gain tremendous momentum.
International Business Machines Corp.
Although International Business Machines (IBM) has struggled to overtake competitors in recent years, it is one of the most prominent companies to invest in blockchain technology. One application of IBM’s impact is its assistance to companies that strengthen supply chain networks, something that has disrupted the US economy in recent months, especially with COVID-19 interruptions. However, things are looking positive as IBM makes bigger moves to jump-start its growth. For instance, it acquired software and tech company Red Hat for $34 billion in 2018, and it continues to grow at a brisk pace. This gives it lots of cross-selling opportunities with its enterprise clients.
Riot Blockchain Inc.
For those looking to invest in a mining company, it doesn’t get any bigger than Riot Blockchain Inc. It’s a rapidly expanding large-scale mining company in the US that focuses on increasing hash rate and infrastructure capacity with high efficiency. Riot has deployed approximately 27,270 miners and boasts a hash rate of 2.8 EH/S. In October 2021 alone, they were able to produce 464 Bitcoins, showing an increase of approximately 257% over its production in 2020, making it one of the leading companies in the industry.
Blockchain could definitely become a major part of many other industries in the next few years, so the time to invest is now. For the latest crypto and finance news, check out our website at BTC Wires.