SANTA MONICA, Calif. (PRWEB) May 11, 2018
Cred, the first ever micro-investing platform for cryptocurrency, today announces it has joined Science Inc., the startup development and investment firm that has funded or founded more than 85 companies and has had $1.3B in aggregate portfolio company exits, as its newest portfolio company. Cred, which will launch in the coming months, provides the everyday novice investor a simple way to start buying cryptocurrency.
About 69 percent of Americans expect the price of Bitcoin to rise in the next 5 years, but only 5 percent own Bitcoin, according to a Global Blockchain Business Council survey of 5,000 respondents. The high prices of cryptocurrencies and complicated platforms can make the space intimidating for first-time investors. The Cred app fixes this by making micro-investing simple with features such as the following:
- Round up your everyday purchases: Investors can round up the amount they spend on everyday purchases to the nearest $1, $2 or $5 and invest the extra money in cryptocurrency. For example, if an investor who rounds up to the nearest $1 spends $3.55 on an iced coffee, the Cred platform will automatically invest $.45 into cryptocurrency.
- Set up recurring investments: Investors can set up weekly or monthly recurring investments into cryptocurrency. Transactions can be as much as $2,000 per month to start.
- Get access to mainstream and altcoins alike: Cred offers a variety of cryptocurrency investment options such as Bitcoin, Ethereum, XRP, Litecoin and ZenCash as well as tokens such as Worldwide Asset eXchange's WAX and Neblio's NEBL. The app teaches investors what each token does and shares its history and relevance in the industry.
- Cap investments at $2,000 a month: The mandatory investment cap adds peace of mind for first-time investors who are averse to spending large sums at this stage.
Cred is fully compliant with U.S. regulation and will be available to start in California, Missouri, Massachusetts and Montana.
"We're thrilled to be working with Science Inc., which has a stellar track record building and growing consumer-friendly apps,” said Brendon McQueen, Founder & CEO of Cred. “By partnering with the Science team, we get access to their incredible customer acquisition skills and experience building household brands such as Dollar Shave Club. We’re excited to be building our business alongside them.”
Science also operates Science Blockchain, the first incubator in the world to be funded by its own tokenized compliant securities offering (token: SCI). Cred is not part of Science Blockchain but will benefit from the team’s deep expertise and knowledge in the space.
“Cred introduces the simplest way to micro-invest in cryptocurrencies," said Mike Jones, co-founder & CEO of Science Inc. "Other platforms in the space are impressive but were built for power users and cryptocurrency veterans. Cred offers an easy way for first-time buyers to begin investing in cryptocurrency at their own pace and will help bring the value of cryptocurrency to Main Street.”
Cred is headquartered in Santa Monica, California. To learn more and request early access, visit getcred.io.
Headquartered in Santa Monica, CA, Cred is a new kind of finance company democratizing consumer access to cryptocurrency. Launching in 2018 by Founder Brendon McQueen, Cred’s powerful technology offers a micro-investing platform specifically focused on cryptocurrency. Mr. McQueen previously founded and led Tuition.io, a market leader in student loan employee benefits. For more information, visit getcred.io.
About Science Inc.
Science is a startup development and investment firm that brings together the best ideas, talent, resources and financing through a centralized platform. The platform is leveraged to develop new businesses, provide emerging startups with operational strategy and capital and transform later-stage Internet ventures with new talent and innovation. It has funded or founded more than 85 companies including Dollar Shave Club, DogVacay, HelloSociety, FameBit, Earny, Pray, Mammoth and PlayVs and has had $1.3B in aggregate portfolio company exits. The company most recently launched Science Blockchain, the first incubator in the world to be funded by its own tokenized compliant securities offering (token: SCI). For more information, visit http://www.science-inc.com.