NEW YORK, Sept. 13, 2021 (GLOBE NEWSWIRE) — MoneyLion Inc. (“MoneyLion” or the “Firm”), an award-winning, data-driven, digital monetary platform, right this moment introduced the launch of its new cryptocurrency capabilities, enabling prospects to purchase and promote digital currencies throughout the Firm’s all-in-one app. Eligible MoneyLion prospects 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 in search of methods to advance our mission of offering hardworking Individuals with higher monetary entry, and we’re thrilled to now prolong that entry to permit our customers to confidently discover the rising digital foreign money market,” mentioned Dee Choubey, MoneyLion co-founder and CEO. “We’ve been very intentional in how we’ve built-in our crypto providing into the platform by providing our members each the flexibility to transact instantly in digital belongings together with a ‘discovered cash’ method that allows 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 essential a part of the MoneyLion platform, which incorporates banking, lending & investing options together with instruments to assist our prospects 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 prospects with entry to quite a lot of asset lessons, together with the instruments and training they’re in search of to really feel assured of their monetary choices.”
MoneyLion’s cryptocurrency providing is supported by sturdy instructional content material and assets to assist prospects perceive cryptocurrencies, the chance and alternatives associated to purchasing and promoting cryptocurrencies and data on blockchain know-how, accessible each instantly 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 accessible to all eligible MoneyLion prospects 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 prospects who join a MoneyLion Crypto account and meet the eligibility necessities between September 16 and October 5, 2021, will likely be entered into the prize pool. The extra members who register, the higher the prize pool will develop. On the finish of the promotional interval, your entire pool funds will likely 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 situations, 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 exterior 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 Individuals 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 personalised 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.