You can soon automatically use your spare change to buy bitcoin

You can soon automatically use your spare change to buy bitcoin

7 years ago
Anonymous $wKBR2uNMvM

https://qz.com/1095292/dust-lets-you-buy-bitcoin-with-spare-change-with-monzo/

Buying bitcoin is still a cumbersome process, as Quartz’s guide to investing in cryptocurrencies will attest. A new app called Dust aims to change that by automatically investing your spare change in bitcoin, litecoin, or ethereum.

Here’s how Dust works: It connects to your bank account to see your transactions. Then it rounds up each transaction to the nearest dollar—basically, collecting spare change. Once about $10 of change has been accumulated, the amount is used to buy bitcoin, litecoin, or ethereum, in proportions set by the user. The app only reads your bank’s transaction data; it doesn’t have access to the fiat or crypto funds. The cryptocurrencies are acquired through Coinbase, one of the biggest firms in the business.

You can soon automatically use your spare change to buy bitcoin

Oct 5, 2017, 6:39pm UTC
https://qz.com/1095292/dust-lets-you-buy-bitcoin-with-spare-change-with-monzo/ >Buying bitcoin is still a cumbersome process, as Quartz’s guide to investing in cryptocurrencies will attest. A new app called Dust aims to change that by automatically investing your spare change in bitcoin, litecoin, or ethereum. >Here’s how Dust works: It connects to your bank account to see your transactions. Then it rounds up each transaction to the nearest dollar—basically, collecting spare change. Once about $10 of change has been accumulated, the amount is used to buy bitcoin, litecoin, or ethereum, in proportions set by the user. The app only reads your bank’s transaction data; it doesn’t have access to the fiat or crypto funds. The cryptocurrencies are acquired through Coinbase, one of the biggest firms in the business.