Tuesday 23 July 2019
International social share trading platform, eToro, have a new portfolio on offer that combines both stocks and cryptoassets, the FuturePayments portfolio.
This portfolio is designed to give investors the opportunity to diversify their investment strategy as the digital payment industry continues to grow and evolve.
Ultimately, the FuturePayments portfolio will enable retail investors to make long-term investments in various mobile, wearable and digital payment companies, such as Wirecard or Alibaba, as well as those in cryptocurrency sector, like Bitcoin or XRP.
“The future of money is constantly evolving into a complex global network. Challenger companies and technologies are entering this space, turning the industry on its head and prompting traditional players to redefine how the world pays for its goods and labour,” CEO and Co-founder of eToro, Yoni Assia said.
“We’re offering retail investors a chance to tap into the payments industry through a diversified portfolio across two different asset classes - stocks and crypto - making this portfolio unique.”
eToro is a multi-asset investment app and has more than 10 years experience in the fintech industry, with over 1 million registered users from around the world.
The new FuturePayments portfolio joins a bunch of other thematic portfolios offered by eToro, which cover other sectors like renewable energy, gaming companies, genome engineering and even the cannabis industry.
eToro predicts that the payments industry are likely to be amongst the first industries to the fully adopt blockchain solutions, hence why cryptocurrencies were included in the new FuturePayments portfolio.
A large 80% chunk of the equity allocation of the portfolio are global stocks like Tencent or Baidu, but 20% are made up of cryptoassets.
eToro say they choose companies based on innovation in the payments sector as well as those that aim to disrupt the industry.
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