The South African cryptocurrency investment platform, Revix, has reportedly raised about $4.1 million from its latest capital raise round. According to the firm, part of the raised capital will be used â€œto launch Revixâ€™s mobile application, a variety of Fourth Industrial Revolution (4IR) investment opportunities.â€ Furthermore, Revix says it also plans to use part of these funds to finance the firmâ€™s expansion into the European Union.
According to a report that shares details of the crypto platformâ€™s future plans, Revix also intends to â€œoffer a behavioural loyalty and rewards programme, where customers can earn points that can be redeemed for bitcoin.â€ In expanding on this, Revix founder and CEO, Sean Sanders said:
Meanwhile, a different report quotes Sanders warning South African crypto investors not to â€œinvest beyond what they can afford to lose.â€ Instead, the CEO wants investors to consider allocating a small portion of their net worth towards cryptocurrencies. Sanders added:
â€œA small 1% to 5% allocation of your total net worth to crypto can result in significant improvement to your overall portfolio returns over the long-term.â€
In the meantime, the CEO concludes the interview by advising crypto investors to consider â€œdiversifying their stock portfolio to reduce the risks of exposure to a single stock or industry.â€
What do you make of Revixâ€™s $4.5 million capital raise? Tell us what you think in the comments section below.
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