The approval of Bitcoin spot ETFs in the United States has already triggered an influx of money into the BTC liquidity ecosystem. Even retail clients who are unlikely to buy BTC ETFs could benefit from the initial euphoria in this segment.
The approval of Bitcoin spot ETFs in the United States has already triggered an influx of money into the BTC liquidity ecosystem. Even retail clients who are unlikely to buy BTC ETFs could benefit from the initial euphoria in this segment.
With next-generation crypto-to-fiat conversion platforms like Paybis, investors can begin their Bitcoin (BTC) journey using only familiar credit cards, bank transfers, or Apple Pay.
Bitcoin Spot ETF Launched in US: How to Benefit?
The approval of spot Bitcoin ETFs in the US is the most anticipated event in crypto for at least the first quarter of 2024. Simply put, as of January 11, the largest asset managers in the US. In the US, they can offer their clients ETF shares backed by the price of physical Bitcoin (BTC).
This announcement is crucial for institutional investors as they can now benefit from Bitcoin (BTC) price fluctuations in both directions without needing to obtain and store “physical” cryptocurrencies. Investing in Bitcoin-based assets is simplified in terms of infrastructure, taxes and regulation.
As a result, liquidity is expected to enter the Bitcoin (BTC) ecosystem. Researchers and analysts are prepared for unmatched volatility spikes, making purchasing BTC attractive to traders with diverse strategies and backgrounds. In turn, this could introduce Bitcoin (BTC) to those investors who previously avoided pooling their liquidity in digital assets. Buying Bitcoin (BTC) with credit cards remains the perfect entry point to cryptocurrencies for beginners.
In early 2024, the market urgently needs reliable and secure services that make it easy to buy and sell cryptocurrencies with fiat money and accept traditional payment methods, including cards, digital fiat payment systems such as Apple Pay, bank transfers, etc.
EU-regulated platform Paybis has launched beginner-friendly payment gateways for those interested in purchasing cryptocurrencies with fiat money. It improves the tools of retail investors and helps them not miss out on the rally caused by the approval of ETFs.
Paybis opens new opportunities for cryptocurrency to fiat conversion
Launched in 2014, Paybis offers cross-asset conversion between digital currencies and the largest fiat currencies. With its on-ramp and off-ramp, users can seamlessly purchase Bitcoin (BTC) with Euro, US Dollar, Canadian Dollar, British Pound, Swiss Franc, and many other currencies.
Since Bitcoin (BTC) will be in the spotlight of investors in January 2024 due to the ETF approval frenzy, Paybis invites all users to exchange it for fiat money in a safe and regulated manner. With Paybis, even clients with low deposits can benefit from the BTC price volatility caused by ETF news.
To ensure frictionless transfer of value, the platform implemented numerous recharge methods. Paybis supports credit card payments, bank transfers (electronic payments) from accounts in certain jurisdictions, transfers from digital payment processors Skrill, Giropay, AstroPay and Neteller.
Traders can buy and sell Bitcoin (BTC) with fiat money on the go via smartphones as Paybis has developed beginner-friendly apps available on Google Play and the App Store.
Better security, better usability
The platform and its software managed to attract attention among traders around the world: with more than 2 billion dollars processed, the exchange received 4.2 out of 5 on TrustScore based on almost 20,000 reviews from real traders.
In addition to B2C clients, Paybis offers digital asset solutions for institutions. Its white label offering allows third-party websites to activate their own fiat on- and off-ramps. For mobile app developers and marketers, Paybis launched MobSDK, a powerful software development kit focused on cross-platform smartphone apps.
As such, Paybis offers a simple and instant way to purchase Bitcoin (BTC) with fiat money and therefore have the opportunity to benefit from its potential price performance.
