Cred, a micro-investing platform for cryptocurrency, today announced the initial rollout of its mobile app for iOS and Android. For its initial rollout, Cred is launching in California, Missouri, Massachusetts, and Montana with more states being introduced in the coming months.
Cred offers 13 cryptocurrencies including Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Stellar, Monero, Dash, Komodo, Wax, Neblio, and ZenCash. Investors can select which token they are interested in investing in, with a minimum investment amount of $10 and a maximum of $2,000 per month.
Cred is available for download via the Apple app store and Google Play store.
Cred’s three easy ways to invest include:
- Round up everyday purchases: Investors can round up the amount they spend on everyday purchases to the nearest $1, $2 or $5 and invest the extra money in cryptocurrency. For example, if an investor who rounds up to the nearest $1 spends $3.55 on an iced coffee, the Cred platform will automatically add the $.45 to a queue. Once the queue reaches the minimum investment amount of $10, Cred will automatically invest the money into cryptocurrency.
- Setup recurring investments: Investors can set up weekly or monthly recurring investments into cryptocurrency. Transactions are capped at $2,000 per month to start, adding peace of mind for first-time investors averse to spending large sums at this stage.
- One time investment: Investors can simply make a one-time transaction.
“I’m thrilled to finally offer a non-intimidating space for consumers to get involved in cryptocurrency. There’s an obvious gap in the market: people aren’t investing in cryptocurrency because they think it’s too complicated and complex. Cred creates a tangible space for people to take advantage of cryptocurrency at any level of experience without having to be an expert. Our platform is clear, quick and educational – helping us reach our mission of democratizing cryptocurrency and bringing it to the masses.”
“We are super excited to be partnering with Cred as they offer a unique micro-savings and micro-investment platform that will help onboard a whole new segment of cryptocurrency users. Komodo has long been committed to the global adoption of blockchain technologies and enabling real-world usage. Through our partnership, Komodo and Cred will be able to lower the barrier-to-entry into cryptocurrency for the mass market and offer a fiat gateway for KMD in the US.”
“Our partnership with Cred represents another significant step toward our goal of advancing the myriad use cases of cryptocurrency and the benefits it provides to everyday users. This exciting use case of ZenCash as a means of encouraging responsible financial habits brings us closer to a world in which cryptocurrency is used seamlessly as both a means of transaction and as a store of value. We see our collaboration with Cred as a major milestone on the way to enabling widespread adoption of cryptocurrency.”