In-alpha-testing crypto-exclusive wealth management app B21 accepts cash via Flexepin partnership
Gibraltar-registered crypto assets-exclusive personal wealth management mobile phone application B21, which is currently in alpha testing, announced in a press release CoinReport received from Transform, B21’s PR agency, the provision of digital asset-investment-with-cash service to its in-alpha-testing users in partnership with cash top-up voucher Flexepin.
Existing B21 users can, and future ones will be able to, fund their crypto asset investment accounts maintained with the firm using Flexepin vouchers available to buy at thousands of retail locations across Australia and Canada, with thousands more across the UK and Europe planned over the coming months.
Flexepin is particularly suited to consumers who wish to pay with cash as a preferred payment method for online or onsite purchases. Moreover, these vouchers can be used to pay for goods and/or services wherever card and bank payments are not easily accessible.
B21 co-founder Miles Paschini said in the press release we received, “We launched B21 to make it easier for anyone to begin to invest in cryptocurrency. As part of our three pillars to success we are committed to enabling as many local payments solutions as possible which meet the varied needs of our customers.
“Not all customers have easy access to banks and debit cards often required for online transactions, so we are adapting to meet customer needs. Our partnership with Flexepin will provide our B21 account holders with a safe, secure, and convenient means of funding their account using fiat currency.”
Flexepin Global Operations manager Effie Dimitropolous commented, “Flexepin is happy to have been selected by B21 as a funding method for their upcoming investment product. Since 2016 Flexepin has become the leader in prepaid vouchers used at cryptocurrency exchanges globally. Every day consumers around the world use Flexepin to purchase their first cryptocurrency and many more use it to add to their holdings. They choose Flexepin because of its convenience and safety. Flexepin is continually expanding its distribution network with thousands of online and offline locations being added regularly. We are sure that B21’s customers will realize the benefits of using Flexepin.”
B21 says it aims to be a mobile-centered and goal-based investment platform whose objective is to take the complexity out of digital asset investment, enabling even non-technical investors to build a varied portfolio of crypto assets, including altcoins, index funds, market cap leaders and B21 community-voted digital currencies. On the platform, says the company, users can set goals, contribute funds and track progress, just like conventional investment apps and services, via a user-friendly dashboard and have their portfolios securely managed and be provided with important metrics on the performance of their portfolios.
The platform also plans to offer advice, education and training to users to help them create a portfolio matching their risk preferences and investment targets.
The app will be available for Android and iOS at the launch, allowing for investors to fund their accounts in their own local currencies.
The company has applied for a custodial license to comply with governmental regulations covering cold storage of customer funds, protection of customer assets, maintaining transaction records and segregation of customer and company funds. Acting as a custodian, B21 will make it unnecessary for people to hold their own private keys. The firm will also be publishing its full data on the EOS blockchain.
Within the B21 ecosystem, the firm’s own digital currency, called the B21 token, will be the sole form of settlement between the platform and its users. The token, which is currently available in private pre-sale, will be used to incentivize and reward referrals to and engagement with the platform and as a method to qualify for premium services. It will also be used by investors to settle fees.
Image via press release