Fenix International Invests In Ethereum
Fenix International, the parent company of OnlyFans, has acquired Ethereum tokens worth $19.889 million.
The investment is in line with the company’s plans to expand its business operations and diversify its revenue sources.
The decision by OnlyFans to invest in Ethereum is seen as a strategic move towards blockchain technology, which the business plans to use to provide its users with a safe and open platform.
As businesses increasingly use cryptocurrencies as a valuable asset for their operations, the purchase highlights the expanding intersection between cryptocurrencies and established industries.
(With inputs from Shikha Singh)
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