Paying for a roof over your head isn’t cheap these days. Many across the world are living paycheck to paycheck and don’t know how they’re going to get out of it. But still, we all want to get in on the Bitcoin action somehow because we see something happening and don’t want to miss the opportunity. So when and how do you even get started with investing in Bitcoin (BTC) if you barely have enough money for your daily sustenance? CoinBits is targeting to make themselves the solution to that problem for everyday people seeking to invest in Bitcoin.
CoinBits works by rounding up your credit or debit card transactions into micro Bitcoin purchases which will add up over time. This idea is unique to the crypto space, but much-resembles the Acorns app which lets users round each purchase up to the nearest dollar. With the creation of this new crypto saving platform, the question is; will CoinBits attract everyday customers in the way to which Acorns has done so effectively? CoinBits CEO Bryan Sharpe is betting on it.
Sharpe believes the biggest hurdle for Bitcoin is it’s accessibility to the general public. With prices in the 2nd quarter of 2019 soaring into the $8000 mark, most see Bitcoin as unaffordable despite prices being far below the famous all-time high of December 2017 at nearly $20,000 per Bitcoin. With CoinBits, customers are now able to easily purchase small pieces of Bitcoin as part of a round-up process as you make purchases on your linked bank account or credit card. In the same way Acorns creates an achievable savings strategy,