Latin America’s largest investment bank BTG Pactual has launched a crypto exchange Mynt in Brazil.
The bank’s new trading platform is called Mynt and will give users direct access to Bitcoin. This will make it among the first leading financial institutions in Brazil to do so. Additionally, investment bank BTG Pactual, which has over $200 billion in assets, will provide educational content about Bitcoin to all its users once users open an account.
BTG Pactual’s Mynt Will Provide Uninterrupted Service
“Content will be a part of Mynt at all levels,” Pedro Frazao, product manager of Mynt, the cryptocurrency exchange founded by BTG Pactual, said in an interview first.
In addition, Pedro Frazao added:
“Any product we launch will come with some content such as a video or paper that lets the customer know more about what they are investing in, and if they have any questions, there will be a 24/7 service hotline where they can ask.”
Andre Portilho, BTG’s partner and head of digital assets, asked Mynt’s speech app in the same interview, “Bitcoin is backed by what?” When asked, he said that the application gave the following answer:
“Bitcoin’s support is not physical. It is powered by the mathematics that supports the blockchain, and this technology guarantees the security of its transactions.”
However, it remains unclear at this time who will support Mynt and who will serve as the physical Bitcoin protector. At launch, Mynt customers will not be able to withdraw their Bitcoins from the platform to protect themselves, but the platform plans to enable such functionality in the future.
Portilho said in the interview:
“Our vision is that crypto technology will do to the financial industry what the internet has done to the information industry, completely changing it.”
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