Cred Rebrands as Acre, Rolls Out In 46 States, Adds LBA Token
All-in-one platform lowers the barrier to entry for digital asset buying and selling; Acre now offers 14 currencies in 46 states.
SANTA MONICA, Calif., Dec. 11, 2018 /PRNewswire-PRWeb/ -- Get Cred, the recently launched micro-investing platform for cryptocurrency, announces rebranding to Acre, rolls out to a total of 46 states and adds crypto-backed lending token LBA. Acre is available to consumers across the US with the exception of Washington, Oregon, Connecticut and New York State.
Historically, an acre of land represented value. For today's consumer, digital assets represent a new form of value, hence the name Acre. "We wanted something wholesome and something that inferred value from the get go," says Acre's CEO, Brendon McQueen.
Acre is rolling out to a total of 46 states. "After a successful 4 month public beta offering in 4 states, the Acre team is excited to be able to offer more consumers simple, easy access to digital assets in an experience that feels more familiar than most exchange options out there," mentions McQueen. Acre's focus on bringing digital assets mainstream is so far on track, with over 57% of Acre users being completely new to digital assets and over 80% of users having a recurring buy setup.
About 69 % 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 volatile prices of digital assets, complicated platforms and lack of education can make the space intimidating for first-time buyers -- which is why a simple platform aimed at regular consumers is required to make buying digital assets incredibly easy.
Acre is also adding the LBA token to the platform, the newest asset available to buy and sell -- in addition to existing assets including Bitcoin, Ethereum, Ripple's XRP, Bitcoin Cash, EOS, Litecoin, Stellar, Monero, Dash, Komodo, Wax, Horizen and Neblio. LBA is tied to Cred (mycred.io), the leading provider of crypto-backed lending with over $300 million in credit facilities. "It's applications like Acre that will help support the next 100M users of digital assets," said Dan Schatt, Co-Founder and President of Cred. "The combination of automated savings and eventual use of Cred's lending and earning capabilities will make it incredibly easy to invest, save and earn."
Acre is in the process of growing its U.S.-based footprint and is operating early in a new market that by all signs is set to grow over time. The recent actions of PwC (advising on a new stable coin) and Fidelity (with their new custody product) are clear signs of the potential of blockchain and digital assets making their way into everyday consumers' lives. Acre is capitalizing on this trend and is available for download via the Apple app store and Google Play store.
About Acre:
Acre is the easiest way for regular consumers to engage with digital assets. Acre is founded by Brendon McQueen (Founder and former CEO of Tuition.io) and backed by Science Inc., the Santa Monica based incubator who has also backed Dollar Shave Club and Play VS.
SOURCE Acre
Share this article