JAY-Z Invests In The Robinodod

JAY-Z Invests In The Robinodod

Investing in the cryptocurrency is attractive not only to financiers but also to rappers, which is proved by Sean Carter himself, better known as rapper Jay-Z.

The artist decided to invest on behalf of his own company Roc Nation, which is engaged in the promotion, sound recording, producing a film and even a music publishing house. And this week the rapper company has invested in the perspective Robinhood platform.

Robinhood Crypto (…) will bring commission-free trading of Bitcoin and Ether to the Robinhood platform.

And although Robinhood does not yet claim to be a full-fledged crypto-exchange, experts believe that in the future it will be able to occupy an important niche. After the announcement of the beginning of transactions with Bitcoin and Ethereum, over a million people signed up for the platform services within a week. Robinhood is currently estimated at $1.5 billion.

As emphasized by Jay-Z, the financial market should be available to every client. Therefore, he decided to support the project, because he sees in it a long-term perspective.

Also, unselfish crypto-exchange (its organizers decided not to charge a commission from users) received support from other celebrities, for example, Snoop Dogg and Nas.

Jay-Z can be called a pioneer regarding cryptocurrency: one of his Chicago concerts tickets were sold for BTC. In the spring of 2017, a musician who sold 100 million records created an affiliate company, Arrive Venture Capital, to invest in startups.

Information Source: Coindaily