We built something like BoA's "Keep the Change" for bitcoin. Link a bank account and we'll watch all of your transactions for spare change. This spare change is used to buy bitcoin.
Frequent buys work to manage the crazy volatility that BTC can tend to have. Plus, you're only using spare change to make buys - we're trying to be the lowest-commitment option for BTC investment.
What do you of the color scheme? Is black and purple the new white and green for fintech apps?
That-s a perfect way of putting it. We already consider the USD change we receive from each transaction to be nearly worthless when considered individually. The idea is to make that change work for you in (admittedly) volatile context.
That was certainly a huge inspiration for us to develop this. Too many times have I heard my less tech-savvy friends talk about getting into bitcoin/crypto but not actually committing. I think it's a combination of the technical hurdles as well as what seems to be the "large upfront cost" - a layperson may see that 1 BTC = $300 USD and lose interest immediately. It's almost an intimidation factor.
Of course, the technical aspect has been a barrier for many people a while. However, I think that because this has been such a visible issue for so long many companies are attacking it (which is fantastic). The other issue - the mental barrier of not wanting to commit - is where I think we bring a unique approach.
Thanks, we definitely aim to go in that direction. Bitcoin was the easiest to implement from the start (due to the WAY higher availability of APIs/libraries) but overall our vision is a platform for passive, casual investment into the entire cryptocurreny ecosystem. Could get even more interesting if something like swarm.co takes off - where it becomes commonplace for companies to issue their own cryptocurrency. At what point do we cross into the realm of traditional share purchasing, and what baggage will we bring/which will we leave behind in making this transition? I wish I knew. At this point, we just want to provide a platform that makes it all more accessible.
Frequent buys work to manage the crazy volatility that BTC can tend to have. Plus, you're only using spare change to make buys - we're trying to be the lowest-commitment option for BTC investment.
What do you of the color scheme? Is black and purple the new white and green for fintech apps?