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South African crypto platform Revix raises $4.1 million in funding-fintech bitcoin news

According to reports, South African cryptocurrency investment platform Revix has raised approximately US$4.1 million from its latest round of financing. The company said that part of the funds raised will be used to “launch Revix’s mobile application and various investment opportunities in the Fourth Industrial Revolution (4IR).” In addition, Revix said it also plans to use part of these funds to fund the The company’s expansion into the European Union.

According to a report sharing the details of future plans for the encryption platform, Revix also intends to “provide a behavioral loyalty and reward program in which customers can earn points that can be exchanged for Bitcoin.” Founder and CEO of Revix Sean Sanders stated this point:

We are building a behavioral loyalty model that can incentivize investors to make wise investment decisions, such as diversifying their investment portfolios, developing investment communities, improving their financial knowledge and making wise long-term investment decisions. Be rewarded.

At the same time, another report quoted Sanders, warning South African cryptocurrency investors not to “invest more than they can afford.” Instead, the CEO wants investors to consider allocating a small portion of their net assets to cryptocurrencies. Sanders added:

“Allocating 1% to 5% of your total net assets to cryptocurrencies can significantly improve the overall investment portfolio’s returns in the long run.”

At the same time, the CEO concluded the interview by suggesting that cryptocurrency investors consider “closing their stock portfolio to reduce the risk of investing in a single stock or industry.”

What do you think of Revix’s US$4.5 million financing? Tell us what you think in the comments section below.

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