Multi-asset investment platform and social network eToro is allegedly planning to launch a debit card in the second quarter of 2020.On Dec. 9, Business Insider reported that the United Kingdom-based digital asset trading platform's 12 million users will be able to spend their earnings via a debit card, planned for launch in Q2 of next year.
Other details about this planned debit card launch remain unclear.
EToro's global head of PR & communications, Amy Butler, confirmed to Cointelegraph that the company is indeed working on a debit card launch, but declined to provide more details at this point in time.40% of millennials might look to crypto in the event of a recessionIn September, eToro cited a survey on generational investment conducted from July 18 to July 31 among 1,000 online investors in the United States.
Which suggested that 40% of millennials would prefer to invest in crypto assets in the event of a recession.
"We believe that if a recession were to occur, we'd see shrinking stock portfolios and growth in other asset classes like crypto, as well as new fractional ownership models. Historically, these investment opportunities have been limited to high net worth and institutional investors, but innovation is unlocking these opportunities for everyday investors and clearly, these results indicate that the demand is there."
In November, eToro acquired cryptocurrency portfolio app Delta, a deal that was reportedly worth approximately $5 million.
The app tracks 6,000 different cryptocurrencies and tokens on 180 exchanges and would be integrated with the eToroX platform, which would enable users to trade from within the app.
EToro to Issue Debit Cards Starting Q2 2020
pubblicato su Dec 9, 2019
by Cointele | pubblicato su Coinage
Coinage
Notizie recenti
Vedi tutti
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.