NEW YORK, Sept. 13, 2021 (GLOBE NEWSWIRE) — MoneyLion Inc. (“MoneyLion” or the “Firm”), an award-winning, data-driven, digital monetary platform, at this time introduced the launch of its new cryptocurrency capabilities, enabling clients to purchase and promote digital currencies inside the Firm’s all-in-one app. Eligible MoneyLion clients will initially be capable to purchase and promote Bitcoin and Ethereum, in addition to round-up their debit card purchases in Bitcoin. Within the coming months, the Firm plans so as to add extra cryptocurrencies and associated options to the providing.
“At MoneyLion, we’re all the time searching for methods to advance our mission of offering hardworking People with better monetary entry, and we’re thrilled to now prolong that entry to permit our customers to confidently discover the rising digital forex market,” mentioned Dee Choubey, MoneyLion co-founder and CEO. “We now have been very intentional in how we’ve built-in our crypto providing into the platform by providing our members each the flexibility to transact immediately in digital property together with a ‘discovered cash’ method that permits them to achieve publicity to the asset class slowly over time by permitting them to round-up their debit card purchases in Bitcoin.”
“We view the brand new cryptocurrency providing as an necessary a part of the MoneyLion platform, which incorporates banking, lending & investing options together with instruments to assist our clients higher handle their funds, multi function app. Providing this rising asset class is a pure addition to our present financial savings and investing merchandise, and helps our aim of offering clients with entry to a wide range of asset lessons, together with the instruments and schooling they’re searching for to really feel assured of their monetary selections.”
MoneyLion’s cryptocurrency providing is supported by sturdy instructional content material and sources to assist clients perceive cryptocurrencies, the danger and alternatives associated to purchasing and promoting cryptocurrencies and knowledge on blockchain expertise, obtainable each immediately within the MoneyLion app in addition to at https://www.moneylion.com/cryptocurrency/.
The rollout is underway and can proceed over the approaching weeks, with the brand new capabilities obtainable to all eligible MoneyLion clients on October 5.
MoneyLion to Sponsor $1,000,000 Crypto Prize Pool
To mark the launch of the brand new service, MoneyLion is sponsoring a $1,000,000 Crypto Prize Pool, providing early adopters of MoneyLion Crypto a Bitcoin reward. New and present clients who join a MoneyLion Crypto account and meet the eligibility necessities between September 16 and October 5, 2021, will probably be entered into the prize pool. The extra members who register, the better the prize pool will develop. On the finish of the promotional interval, your entire pool funds will probably be equally distributed to all registrants, for as much as a complete of $1,000,000 in Bitcoin. For extra data on the Prize Pool, together with phrases and circumstances, go to https://www.moneylion.com/crypto/.
MoneyLion’s cryptocurrency transaction and custody companies are powered by Zero Hash LLC and Zero Hash Liquidity Providers LLC. Buying and selling and custody capabilities in addition to the Crypto Prize Pool can be found to all eligible U.S. residents positioned outdoors of New York and Hawaii.
MoneyLion is a cellular banking and monetary membership platform that empowers individuals to take management of their funds. Since its launch in 2013, MoneyLion has engaged with over 8.5 million hard-working People and has earned its members’ belief by constructing a full-service digital platform to ship cellular banking, lending, and funding options. From a single app, members can get a 360-degree snapshot of their monetary lives and have entry to customized suggestions and instruments to construct and enhance their credit score and obtain on a regular basis financial savings. MoneyLion is headquartered in New York Metropolis, with workplaces in Sioux Falls and Kuala Lumpur, Malaysia. MoneyLion has achieved numerous awards of recognition together with the 2020 Forbes FinTech 50, Aite Group Greatest Digital Wealth Administration Multiproduct Providing, Finovate Award for Greatest Digital Financial institution 2019, Benzinga FinTech Awards winner for Innovation in Private Finance 2019 and the Webby Awards 2019 Folks’s Voice Award.