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Finance
Services that enable people to invest small amounts of money on a recurring basis have become popular in recent years, especially for young people. An automatic cryptocurrency purchase app that allows you to complete your everyday purchases has just gotten an investment of $ 100,000 on Shark Tank.
Read also: Cointext launches Cashcoin Wallet SMS in 4 new markets
Bundil enters the shark tank
<img class = "alignright size-medium wp-image-235020″ title=”Cryptocurrency Roundup App gets $ 100,000 of investment in shark tanks” src=”https://news.bitcoin.com/wp-content/uploads/2018/10/bundil-300×280.png” alt=”Cryptocurrency Roundup App Gets $ 100,000 Shark Tank Investment "width =" 300 "height =" 280 "srcset =" https://news.bitcoin.com/wp-content/uploads/2018/10/bundil-300×280.png 300w, https: //news.bitcoin.com/wp-content/uploads/2018/10/bundil-768×717.png 768w, https://news.bitcoin.com/wp-content/uploads/2018/10/bundil.png 1024w, https://news.bitcoin.com/wp-content/uploads/2018/10/bundil-696×650.png 696w, https://news.bitcoin.com/wp-content/uploads/2018/10/bundil – 450×420.png 450w "sizes =" (maximum width: 300px) 100vw, 300px”/>Bundil is a service similar to acorns for cryptocurrency. The platform allows users to automatically invest their replacement costs from the daily purchases of credit or debit cards in a series of cryptocurrencies, including bitcoin core (BTC), ethereum (ETH), litecoin (LTC) and bitcoin cash (BCH ). Round off transactions from normal spending to the nearest dollar and invest in the cryptocurrency chosen by users.
For security reasons, Bundil does not hold any user fiat or cryptocurrency, but uses the Coinbase exchange to handle all transactions. It also allows users to monitor the growth of their portfolio and manage all positions without leaving the app. Your rate plans start at only $ 2 a month.
Bundil's founder, Dmitri Love, went on ABC's Shark Tank during the last episode of the show aired on Sunday October 21st and presented the app.
Kevin O & # 39; Leary takes a big bite
<img class = "alignright size-medium wp-image-235017″ title=”Cryptocurrency Roundup App gets $ 100,000 of investment in shark tanks” src=”https://news.bitcoin.com/wp-content/uploads/2018/10/Kevin-OLeary-300×188.jpg” alt=”Cryptocurrency Roundup App gets $ 100,000 Shark Tank Investment "width =" 300 "height =" 188 "srcset =" https://news.bitcoin.com/wp-content/uploads/2018/10/Kevin-OLeary-300×188.jpg 300w, https://news.bitcoin.com/wp-content/uploads/2018/10/Kevin-OLeary-768×480.jpg 768w, https://news.bitcoin.com/wp-content/uploads/2018/10 / Kevin-OLeary-1024×640.jpg 1024w, https://news.bitcoin.com/wp-content/uploads/2018/10/Kevin-OLeary-696×435.jpg 696w, https://news.bitcoin.com/wp – content / upload / 2018/10 / Kevin-OLeary-1392×870.jpg 1392w, https://news.bitcoin.com/wp-content/uploads/2018/10/Kevin-OLeary-1068×668.jpg 1068w, https: / / news.bitcoin.com/wp-content/uploads/2018/10/Kevin-OLeary-672×420.jpg 672w "sizes =" (maximum width: 300px) 100vw, 300px”/>As requested by the reality television format, Love told an emotional and inspiring story about how he came to the idea when he was a student of biochemistry in college and learned to program himself while he was recovering from a sports injury. "I thought, man, you know, anyone trying to invest in cryptocurrency has to go through all these steps to try and figure out how to buy it, and I thought there might be an easier way to do it."
Love asked $ 100,000 in exchange for 10 percent of the adventure at the start. Kevin O & # 39; Leary offered him the requested sum, but for the strong 50% owned by the startup. Love replied that "50 percent is quite a bit", but reluctantly agreed to agree with the lone shark because the others were not interested in making contrary offers.
Obviously this is not the first time that sharks have heard of cryptocurrency. Mark Cuban, who doubted that central banks would allow Bitcoin to grow in 2014, has become much more open to the idea recently, even suggesting that his NBA team will sell cryptography tickets. Also the investor of cryptocurrency Angelo and civic founder Vinny Lingham has been regularly in the South African version of the show.
Would you use a rounding app to automatically purchase cryptocurrency? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
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