'Satochi' Invests Spare Change in Digital Currencies
Michael Hemsworth — May 22, 2018 — Lifestyle
References: satochi.io & betalist
A rising number of consumers are taking their financial investments into their own hands to save both time and money, which is seeing new solutions like 'Satochi' come about with this notion in mind.
The app works by being connected to your existing banking and payment solutions and automatically rounding the dollar up on every purchase you make. This money is used to invest in cryptocurrencies in an automated manner to ensure that your money is always working for you rather than staying in a stagnant savings account earning minimal interest.
The 'Satochi' app speaks to the increased interest amongst consumers in cryptocurrency investment, while also offering more control over how your money is used to create wealth for short or longterm saving purposes.
The app works by being connected to your existing banking and payment solutions and automatically rounding the dollar up on every purchase you make. This money is used to invest in cryptocurrencies in an automated manner to ensure that your money is always working for you rather than staying in a stagnant savings account earning minimal interest.
The 'Satochi' app speaks to the increased interest amongst consumers in cryptocurrency investment, while also offering more control over how your money is used to create wealth for short or longterm saving purposes.
Trend Themes
1. Automated Cryptocurrency Investment - The trend towards automating cryptocurrency investment creates opportunities for disruption in the financial technology and investment industries.
2. Micro-investing - The micro-investing trend allows consumers to save and invest small amounts of money in potentially high-return assets, which could disrupt traditional banking and savings industries.
3. Financial Control Apps - The rise of financial control apps, like 'Satochi', offers new ways to give consumers more control over their finances, potentially disrupting traditional banking and investment industries.
Industry Implications
1. Financial Technology - Automated cryptocurrency investment apps like 'Satochi' are disrupting the traditional investment industry and increasing competition within the financial technology industry.
2. Retail Banking - Micro-investing and financial control apps like 'Satochi' have the potential to disrupt traditional savings and banking industries by offering consumers new investment options and more control over their money.
3. Investment Management - Automated cryptocurrency investment apps like 'Satochi' could disrupt the traditional investment management industry by offering a convenient and cost-effective way for consumers to invest in high-return assets.
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