Super crypto: Bitcoin Australia in superannuation play

Jon CuthbertAugust 18, 2018

Bitcoin Australia is expanding its current crypto portfolio as the company looks to respond to consumer demands for crypto.

Former PricewaterhouseCoopers director of digital strategy Ben Ingram and now CEO of Bitcoin Australia said the company will add cryptoinvestments to Australia’s pool of superannuation.

“We’re introducing a streamlined process to help people set up their self-managed super funds with the correct mandates in place to enable people to invest in cryptocurrencies,” said Mr Ingram.

Bitcoin Australia already provides commercial services for customers to buy and sell bitcoin and ethereum, and allows High Net Worth Investors (HNWI) to purchase a number of other cryptocurrencies.

Ingram told Coincast TV in a recent interview there were more plans afoot.

“In the longer term we’re working with crypto-fund Apollo, on the possibility of including their funders. Something that can be invested in via superannuation, and in the longer term even a fully managed crypto superannuation fund.”

Watch Coincast TV on Sky News Business and Apple TV for the full interview.

Image courtesy of Bloomberg.

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