Bitpay announced today that they have integrated with DriveWealth. DriveWealth is a mobile investment platform that is available worldwide. DriveWealth will become the first financial services company to allow users to fund their account with bitcoin.
Bitcoin’s universal capability will make it easier for DriveWealth’s global customers to fund their accounts. DriveWealth’s platform enables international users to deposit funds faster than most other methods currently available, and their business model is making the entire process of investing easier for the relatively untapped global millennial demographic.
Bitpay’s integration with DriveWealth will be a new pioneering function for Bitcoin in the investment industry. It will also have an added advantage to push other financial institutions and financial app developers to adopt the cryptocurrency. When using Bitcoin it will make investments offers more security than traditional payment methods and will give users more control over their accounts. Using bitcoin as a funding method does not require sensitive data to be transmitted, so users will not need to worry about fraud or identity theft.
“Providing users with the added security of bitcoin as a payment method makes the whole process easier, and gives users peace of mind. When using Bitcoin, users will no longer have to wait days or weeks for an account to be funded. Our lightning fast integration will make their deposit process seamless” says Tony Gallippi, Co-Founder and Executive Chairman of BitPay.
“In our world every investors want easy access to financial markets with secure payment options without compromising their mobility. We partnered up with BitPay for two main reasons. Our first and foremost reason is that our users do not have to worry about their financial information being compromised. The second reason is that Bitpay is the biggest and best option out there for us and our users” says Robert Cortright, Founder and CEO of DriveWealth.
This is another important step in acceptance of Bitcoin by the general public. Earlier this week Bitpay was generous to create a donation site for the Red Cross where the Bitcoin community and crypto enthusiasts can donate for a good cause. These both actions will prove a smart step in the right direction for the Bitcoin image.