Spare Change for Cryptocurrencies

Dust, a new app, aims to change you save your spare change.

By connecting to your bank account, Dust can see your transactions and round up each of those to the nearest dollar. Like Acorn, it collects spare change. Once you have reached about $10 dollar worth, the amount is used to buy bitcoin, litecoin, or ethereum, in proportions set by the user. The cryptocurrencies are acquired through Coinbase, one of the biggest firms in the business. Additionally, the bank does not have access to the crypto funds.

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Source: https://qz.com/1095292/dust-lets-you-buy-bitcoin-with-spare-change-with-monzo/

Why It’s Hot: 

  • The concept is powerful because it removes the need to think—or worry—about the right time to pull the trigger on an investment. It’s especially useful for volatile cryptocurrencies, where prices can swing 100% in a week.