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Spanish franchise Vanadi Coffee is now ready to execute its bitcoin purchase strategy and cryptocurrency pivot following the approval of this move at a shareholder meeting. The company already holds 54 BTC under the custody of the Spain-based exchange Bit2me.
Backing this move, the company stated:
Vanadi Coffee is committed to blockchain technology as a pillar of the global economic future. Investing in Bitcoin is a long-term commitment to a new decentralized financial model. Vanadi Coffee is diversifying its business into Bitcoin investment and management and other cryptocurrency-related areas.
Backing this move, the company stated:
Vanadi Coffee is committed to blockchain technology as a pillar of the global economic future. Investing in Bitcoin is a long-term commitment to a new decentralized financial model. Vanadi Coffee is diversifying its business into Bitcoin investment and management and other cryptocurrency-related areas.
We often hear fintech companies investing in bitcoin and we find it good news. But now we are seeing all kinds of businesses get into bitcoin as well. If this continues all across the world, they may even accept bitcoin for payment. This could be the key to mass adoption of bitcoin. Which businesses do you think could be the next to invest in bitcoin?
This is somehow a great news for seeing another company joining on Bitcoin investment. But what's concerning on the action they made is they let the third party platform to held their accumulated funds.
If something bad happen on that exchange all of their efforts will be wasted and their company might get affected if there's bad situation happen. Maybe better for them to consider having safe wallet to stored their funds which they hold their keys.
So hopefully they consider that later on but anyways this is good start for them and hopefully they know what they are doing on the decision they made.