In the latest take-off slot from cryptocurrency space, the company B21 has started a recent collaboration to make it easier for new crypto-users to invest and stake cryptocurrencies. The vouchers used from Flexepin users, can be used on B21 to pay for investments instead of cash – as stated in the recent press release put out yesterday by the two separate companies.
One of the bigger problems seen by cryptocurrency specialist is the hard start many cryptocurrency users face. Ether and Bitcoin are easy to use – as soon as you have them, however, the first couple of purchases are difficult to complete, sometime even being called nightmares by users. People grind to get things setup, then sit back, all clinched up as their first transactions process to see if the process is real. And if you’re like most people, it’s hard to give cash to an anonymous person on a weird app, you’ve never used. It makes the process of investing in cryptocurrency even more difficult.
Since the movement is focused around a lack of banking, it’s a major downside to the industry – Now there is another way to start investing cryptocurrency in a safe way.
Flexipin as created the cash-top vouchers to be used for easy online payment processing while keeping the user’s identity anonymous, free from any banking information. The new vouchers are available for purchase throughout Europe, Australia and Canada, as it stated on the company website.
They’ve launched the B21 platform to make it easy for anyone to get started with cryptocurrency, according to the Miles Pashini – the co-founder of the company – in a recent press release. Not every customer who uses the platform will have the simple access to banks and debits cards that is often required for making purchases online, so they’re setting up the system to work for all users. The partnership between the two companies makes for convenient means to fund an account using fiat currency.
B21 is now a part of the rising trend of treating cryptocurrency as an investment instead of simple cash. Like Robinhood, no wallet is used, you hold it yourself until deciding to sell. There are no major tradeoffs here, but it’s not completely for the worse; it’s harder to commit theft on someone’s Bitcoin from any application without a payment function.
Not like the Robinhood platform, B21 keeps itself as a wealth manager and not a broker. The purpose is for you to create an investment strategy, then to include schedule payments and investments, round-ups, payment cards, portfolio balancing, etc. The app now rebalances as the market moves forward. It’s not entirely clear as to how the tokens will be available for investors yet, but there is way to include altcoins and other market cap leaders, B21 approved coins and index funds.
There is also no centralization aspect, surely to put off some cryptocurrency explorers. B21 has also applied for a custodial license, so as to comply with all regulations set in place by the government. As acting custodian, the company will be able to drop the need to have people keep their own keys. It’s a fully transparent disclosure that has been published on the EOS blockchain.
The main idea of the company is to have an app that manages your keys is not likely to attract long-term investors of cryptocurrency, but it’s good for spectators and short-term investors. It’s also important to mention that trusting your cryptocurrency to a single company isn’t always the smarted idea. The risk could be worth it however, if you’re not entirely sure of your own abilities either.
In conclusion, the adding of new fiat currency makes the increasing number of currencies is a positive sign. Sometimes it’s a good idea to let someone else take the wheel, or in this case the stick.