Czech fintech firm BitDCA has recently announced the integration of Visa and Mastercard support into its upcoming microsaving app, Littlebit. This integration will allow users to invest in Bitcoin through their everyday spending, making it easier for individuals to enter the world of cryptocurrency without any additional hassle.
The concept behind Littlebit is simple yet revolutionary. Users can automatically convert a percentage of their daily purchases into Bitcoin using their existing credit and debit cards. This eliminates the need for new accounts or infrastructure, allowing users to seamlessly invest in Bitcoin without disrupting their regular spending habits. Jan Záruba, CEO and co-founder of BitDCA, emphasized the convenience of this approach, stating that users do not need to switch bank cards, pre-load funds, or manually transfer money to start investing in Bitcoin.
The app, set to launch exclusively in the EU, will employ a Dollar-Cost Averaging strategy. This strategy involves making regular, small investments over time to reduce the impact of market volatility. With Littlebit, users can effortlessly set aside a portion of each transaction made with their Visa or Mastercard, gradually building long-term exposure to Bitcoin.
BitDCA will offer two options for managing Bitcoin savings through the app. Experienced users can store their Bitcoin directly on the crypto exchange Bitstamp, while newcomers to the crypto space can keep their savings in a secure app-assigned digital wallet. This flexibility caters to users with varying levels of experience in the cryptocurrency market.
According to Záruba, many people still perceive Bitcoin as a risky asset rather than a long-term secure investment. Through BitDCA and Littlebit, the firm aims to change this perception by showcasing the benefits of naturally accumulating Bitcoin savings and witnessing the return on investment over time.
In addition to the integration of Visa and Mastercard support, BitDCA will also be launching its native BDCA token on the Binance Smart Chain. This token will be available on both centralized and decentralized exchanges in the coming weeks, providing users with an additional avenue for passive income through staking rewards generated from transactions made through the Littlebit app.
BitDCA, founded in 2019, recently completed a pre-seed funding round, raising $2 million to support the development of Littlebit. The firm’s innovative approach to combining everyday spending with cryptocurrency investment is poised to revolutionize the way individuals save and invest in Bitcoin. Stay tuned for the official launch of Littlebit in the EU and explore the possibilities of effortlessly building your Bitcoin savings through your daily transactions.