![]() The majority of worldwide internet usage comes from mobile devices so in order to maximise access to a wider set of individuals we propose developing a smartphone centred application as an MVP.Īt Digiscript, we like to adopt an Agile approach to product development. (Full link to sketches and mock-ups available on request.) What kind of technologies would be required to pull this off? That spare change over time can compound within the fund eventually leading to a large pool of diversified cryptocurrencies within a sophisticated index. To tackle the second point, a viable option we considered would be to automatically allocate an amount towards the fund by rounding off a users average spend. Broad market exposure, leading to lower risk.This provides two major benefits for new investors. The fund would essentially track the market index of the top cryptocurrencies (by market cap). Well to answer the first question, we can take a page out of Wall Street‘s book and develop a cryptocurrency index fund. Automatically allocate funds periodically towards a desired investment pool.Īlright makes sense… How can this technically be achieved?.Allow investors to speculate the entire cryptocurrency ecosystem.To achieve this, we were looking to create an app that would achieve the following objectives: The idea for Coinkeeper came in a bid to simplify the process of saving fiat towards crypto. Okay, we get to the point… So what’s the big idea? Many struggles to allocate funds towards a meaningful investment in cryptocurrencies. The world of crypto, although gaining popularity, still remains relatively unknown to the vast majority of the global population. We have witnessed publicly traded companies such as Tesla, Microstrategy and Square announce they hold reserves in Bitcoin. ( FXStreet) And when compared with modern businesses, it is the fastest to reach $1 trillion in market cap in just 12 years. Bitcoin currently has the same amount of users that the internet did in 2005. The barrier to entry, on the surface, is non-existent.Īlthough the cryptocurrency ecosystem is an extremely volatile and highly speculative marketplace in the short term, long term holders tend to reap the benefits of timely adoption.īitcoin is on track for mass adoption as it is currently growing faster than the internet. People from all over the world can now participate in what many presume will be the greatest transfer of wealth in history. Cryptocurrencies have ushered in a new financial system void of any centralized entity, owned by everyone, but controlled by no one. Over the last decade, the concept of decentralized computing has evolved into a vast ecosystem of financial and technological innovations that has and will continue to change the world as we know it.
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