A popular Portuguese publishing house invests millions in cryptocurrencies

A popular Portuguese publishing house invests millions in cryptocurrencies
A popular Portuguese publishing house invests millions in cryptocurrencies

A popular Portuguese technology publication, Pplware, recently began investing in cryptocurrencies, asking its readers for this investment advice. The publishing house went to this one right now in connection with the stability of the ecosystem.

Pplware, one of the most popular publications in Portugal, has decided to invest in cryptocurrency on a weekly basis, starting this week. The weekly budget is 30 euros (35.9 dollars), the total budget for these purposes is almost 36 million dollars. This is done to share the experience with their audience and help their readers learn how to invest in cryptocurrencies.

In the article that accompanies this news, Pplware explained its goals:

“THE MAIN OBJECTIVE IS DEVELOPING IN TECHNOLOGY, BASED ON WHICH CRYPTOCURRENCIES ARE ALREADY, AND ALSO IN EXCHANGES OF EXCHANGES. Until now, digital money represents an unknown reality. “

The team fo the editorial staff bought at Coinbase 0.0037 BTC at a price of 7 710.53 euros for bitcoin. Then these funds were sent to Binance, the world’s largest crypto exchange, where, on the advice of readers, they were exchanged for ICON and Cardano:

“BASING ON OUR RESEARCHES AND READERS ‘REFERENCES, WE PREFERrED THE PROFITABLE INVESTMENT IN CARDANO (ADA) AND ICON (ICX). THEY ARE THE DECENTRALIZED CRYPToCURRENCIES OF THE THIRD GENERATION, BLOCKCHAIN 3.0, AND in THE FUTURE THEIR VALUE WILL RISE. “

As a result, the editorial staff has 44 ADA tokens and 3.84 ICX. Since the experiment has just begun, the funds were not withdrawn from the exchange in order to avoid additional costs.

Regarding regulation, at this stage, the Portuguese parliament is only going to begin discussion of cryptocurrency transactions with a view to adopting a new legal framework for this sphere that can guarantee the safety of users.