“Blockchain technology and cryptocurrency are
continuing to making the case to play major roles both now
and in the future”, says Clive Jimmieson of Crossgate
Capital – New Zealand’s first regulated share offer in a
company investing in Bitcoin and other
cryptocurrencies.
During June, it was reported that
over 2,000 Coca-Cola vending machines in Australia and New
Zealand have started accepting Bitcoin, thanks to an
agreement between Coca-Cola Amatil and
Centrapay.
Jimmieson added, “There has been a recent
raft of announcements of on-ramps being built to allow for
the use of Bitcoin on a daily basis. This includes
Australians being able to pay for Bitcoin at the country’s
post offices”.
“The total number of
Bitcoin ATMs has reportedly now passed 8,000 worldwide.
While Singaporean carpooling app Ryde announced the launch
of its own cryptocurrency wallet to incorporate Bitcoin
payments into its ecosystem”, noted
Jimmieson.
While knowledge about
cryptocurrencies is building and the use case is increasing,
actually investing in cryptocurrencies can still be daunting
for many investors. Challenges include trying to identify
which cryptocurrencies to buy, storage, tax, reporting and
keeping track of this fast-moving market.
Jimmieson
commented that “Crossgate Capital solves these issues by
providing an easy on-ramp to investing. Crossgate Capital is
a traditional investment vehicle, with shares titled in the
investor’s name. Our investors gain immediate access to a
diversified portfolio of cryptocurrencies without the
inherent challenges of investing individually.”
For
more information visit www.crossgatecapital.co.nz
ABOUT
CROSSGATE CAPITAL LIMITED
Crossgate was founded to
provide investors a simple way to invest in cryptocurrencies
through a traditional share offering.
Crossgate
Capital Limited is a registered financial service provider
(FSP number: FSP649949), allowing it to participate in an
FMC offer as an issuer or offeror of financial
products.
Crossgate Capital Limited is the issuer of
the Shares. The Product Disclosure Statement (PDS) for the
offer is available at www.crossgatecapital.co.nz and on
request.
The PDS and other useful information is also
available at www.business.govt.nz/disclose,
offer number 12554 or visit the visit the Sorted Smart
Investor site and review the Crossgate Capital offer
documents.