Sounds awesome in theory, that you can set something and forget it while putting some spare change to work. However, giving access directly into a bank account scares me. Plus why authorize a company to basically track every purchase you make. Everyone can gather up their own funds like responsible adults and thoughtfully decide how much to invest in crypto's. I'm sorry, but there is no need for a company like this. They are solving a problem that doesn't exist. If the same people take the time to figure out Coinbase, buying and selling cryptos etc. they can take the time to make a one time transfer without this company tracking everything. Bottom line, if one is too busy or lazy to take the time to research or invest their own funds, then don't even bother throwing your spare change in there.
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I understand what you are saying completely. Although if you have ever heard of an app called acorns then you would know there is a large amount of people who love this spare change concept. Acorns also needs your bank info and then it invests your spare change into stocks. Acorns has millions of users and helped people save and earn over 25 million dollars in its second year of being released, if you want to know more about acorns check out my last post. Coinflash is extremely secure and I can guarantee your personal info and bank info is completely save and only used to manage your change. Crypto currencies have recently blown up an insane amount and are being used just like stocks as just as much as stocks so the concept of just signing up for a website and letting it invest some change for you is loved by a lot of people. It's very easy, safe and you barely even notice this change missing from your account so it's very fun to check the website once in awhile and see that you have made some money from the crypto of your choice from doing really nothing.
I hear you. If they can get those Acorn customers and the like it does have potential. Not for everyone but you’re right there is a market for it.
Hi, totally understand your trepidation. We only store 2 months of transactions and your data is safe with us. We only use it to count up your spare change. Here's some more on security:
-Lou