Bamboo, the digital currency micro investing platform, is launching self managed superannuation opportunity for compliant and simple investment in digital currencies including Bitcoin, Ethereum, Gold and Silver.
Individual self-managed superannuation funds.
Bamboo has developed a customer-centric product to purchase digital currency for individual self-managed superannuation funds. Instead of taking days or weeks to understand security, compliance and on ramps, Bamboo has packaged up a product to make investment effortless.
With built in compliance, reporting and storage Bamboo allows anyone with a mobile phone and bank account to participate in just a few minutes. “Until now, purchasing digital currency has been overwhelming, time consuming and complicated,” said CEO Blake Cassidy.
“Bamboo responds to these issues and provides a quick, easy and safe way for people to gain exposure to Bitcoin, Ethereum, Gold and Silver. It is so simple, anybody can do it,” he says.
The long term investment
Australians are at the forefront of adoption with over 20% of the population owning digital currency. More people are looking to invest for the long term and expect these currencies to be as widely owned as stocks and commodities such as gold over the coming decade.
ATO reported a total of AU$168M allocated to digital currency investment in the December statistics release. This means that the average fund allocation per person is around AU$7,500.
Google and Samsung Pay will let customers pay with Bitcoin and other digital currencies.
BitPay, a digital ledger payment processor, revealed it is planning to bring Google Pay and Samsung Pay support early in 2021. Visa has recently announced late in March 2021 it will allow the use of cryptocurrency to settle transactions.
Digital currencies are widely accepted across the globe and being able to invest in these currencies increases performance in self managed superannuation, diversifying portfolio even further. This as an important part of the early stages of Bamboo’s growth.