The number of people interested in Cryptocurrencies has always been increasing. However, most consumers always find it intimidating and discouraging when they decide to invest in the virtual currencies. Cred argues that a combination of factors such as mistrust, unclear product promotions, and a lack of understanding are the main factors discouraging most consumers from investing in the Crypto market. Credit has introduced a mobile app to assist investors and is already working with several Cryptocurrency platforms and coins to achieve its dream of enhancing investment in Cryptos.
Credit To Make It Easy For Consumers To Invest In Cryptocurrencies
Cred has announced plans to introduce a mobile app that will assist people to invest in the virtual currencies. Despite many people willing to invest in the sector, only a few have realized this dream as the market is still new to most of them. The new app will be crucial in boosting the number of Cryptocurrency users in America and beyond.
Cred will enable the consumers to easily access the Cryptocurrencies, introduce transparency, and educate them about trading in the sector. The consumers will use the app to invest in their preferred virtual currencies. They will also use the app to track the progress of the various coins. Cred will also enable the consumers to learn about the various digital assets before investing. The company will be sending daily market recaps and important news to the users.
How To Use Cred To Invest
The consumers will be required to register first to access the services. Cred will then introduce the consumers to the various investment options in the sector. This will include Cryptocurrencies like ZenCash, Komodo, Litecoin, XRP, Ethereum, and Bitcoin. The aspiring investors will also be introduced to tokens such as Neblio’s NEBL and WAX by the Worldwide Asset eXchange.
On opening the app, the users will get access to a graph that shows the price of the various Cryptocurrencies in the last 24 hours, week, month, and all the time. There will also be a ‘Learn’ button that will give the users access to a description of each virtual currency. This will include information such as the purpose of the coin, its history, and areas of application.
After gathering all this information, the users will decide which currency they want to invest in. The users can invest a minimum of $10 and a maximum of $2,000 every month. Currently, the Cred is only available in Montana, Massachusetts, Missouri, and California. More states will be introduced in the coming few months.
Why The New App Will Be Crucial
A recent study by the Global Blockchain Business Council established that 69 percent of Americans believe that the Bitcoin price will increase in the next five years. However, the survey found out that only five percent of these people own Bitcoin. This research showed that there are just so many people who know about the Cryptocurrencies and are not into it. Consequently, Cred will play a vital role in ensuring this important part of the population gets access to the virtual currencies.
The Cred mobile app will be available to both the Google and Apple users. The company is already working with various Cryptocurrency platforms and virtual currencies to increase the investment options for the users. The process of getting included in the project takes time as the company has a strict coin evaluation process.