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Apart
from trading, the company offers a variety of solutions that allow customers to buy/trade/store
digital assets, use a Bitcoin Bank America credit card, learn about cryptos, or allow your online
store to accept crypto payments.
The business model of Bitcoin Bank America is centered around the fees it charges for trading
cryptocurrencies, management fees or purchasing digital assets. Other nodes of income include
credit card transaction fees, referral fees for promoting courses, a custody service, as well as
profits from venture investments.
Bitcoin Bank America is a digital asset investment trust, or DAIT company. It is one common
example of a pooled investment vehicle. HODL LLC, GP is a general partner trust that operates
by pooling money raised from investors (individuals as well as institutions) and using that capital
to purchase digital assets — often a large portfolio of digital asset investment trusts, DAITs
focus on specific types of cryptocurrencies. In this case it is only BITCOIN.
Next to the BCBA trading platform (also called exchange wallet), customers can also opt-in for
the Bitcoin Bank America Wallet (also referred to as crypto wallet). The BCBA Wallet will be
available as a standalone app via Android or iOS.
The two main differentiators between the exchange and crypto wallet are that the latter is a)
more secure (by storing information on a user’s device instead of BCBA servers) and b) allows
to move cryptocurrencies from one wallet to another. Moreover, the wallet facilitates the
exchange of goods and services. For instance, people can post jobs and pay via their available
cryptocurrencies.
Projections -
After going live BitcoinBankAmerica.com got more site visits than Facebook did in it’s
first couple of hours. Facebook had 22,000 visits in 4 hours- WE had over 39,000 in less
than 30 minutes.
Coinbase had 2500 registered users in the first 2 years of their launch and Bitcoin Bank
America now has over 3800 registered users after just two months of going live. In one
month, BCBA made sales of over $500k in its first launch.
Similar Companies (Coinbase, Binance, Bittrex). Feel free to use any references to
build the business plan or use a template of a similar company.
Business Plan needed. Respond with any informational deliverables on our end.
Proposal and timeline are needed.