Bitstack Crypto Exchange raises 1 million euros

Thanks to its mobile application, the company bit stak allows all French people to create savings in Bitcoin in a simple, fun and painless way. By using the mechanism of automatic rounding of expenses, savings are created easily and in Bitcoin in a responsible way without thinking about it. Co-founded by Alexandre Roubaud & Kabir Sethi, Bitstack announces for its launch a fundraising of 1 million euros from French and international investment funds and business angels, and obtains its registration as a provider of asset services (PSAN) with the Financial Markets Authority (AMF) and Prudential Control and Resolution Authority (ACPR) Banque de France.

In an uncertain global context that encourages the French to take an interest and seek more profitable investments, many alternative solutions to traditional savings books are being developed, but access to Bitcoin remains difficult for many. While a recent ADAN study conducted by KPMG and Ipsos shows it almost 37% of French people already have or want it By investing in cryptocurrencies, Bitstack responds to strong market demand, allowing you to round up your purchases directly in Bitcoin via an intuitive mobile application.

Bitstack: Save in Bitcoin in a simple, fun and painless way

With the concept of automatically rounding off bank transactions to the next euro (example: a coffee bought for € 2.60 is rounded up to € 3.00, and € 0.40 is set aside), savings arise on your own and responsibly without thinking above the. Small changes accumulate throughout the week and are then automatically converted to Bitcoin the following Monday.

Additional savings features are offered: recurring savings (allowing the user to automatically save the amount the user wants every week, every other week or every month) and one-time purchases of bitcoins by credit card with a single click, from € 1.

Bitstack thus offers a very simple mobile application, designed to be accessible to everyone, without the need for investment skills.

French people can now easily and responsibly expose themselves to the best-performing asset of the last 10 years. In fact, Bitstack responds to the problem of Bitcoin volatility by relying on the “Dollar-Cost Averaging” (DCA) method – a long-term investment strategy consisting of making regular purchases to smooth out the risk associated with volatility while gaining exposure to Bitcoins. bullish long-term performance.

Bitcoin is an unsurpassed financial alternative: a secure stock of value unaffected by inflation. Bitstack has a simple proposal: readable, painless savings to meet the French’s life goals, making Bitcoin a reality and no longer just a fashion phenomenon.“, Explain Alexandre Roubaudco-founder and CEO of bit stak.

Available since mid-March in early release upon registration at www.bitstack-app.com, the app will be officially launched on the App Store and Google Play in the third quarter of 2022. Upon official release, Bitstack beta users will enjoy 0% fees on buying and selling bitcoin. After this period, a commission of 1.99% is charged.

Two months after opening access to the beta, the application already has 3,000 users. Bitstack is aimed at 10,000 users and 3 million euros saved in Bitcoin by the end of 2022.

1 million euros raised from recognized investors to finance the launch

Bitstack has just completed a first round of financing of one million euros led by the investment fund Founders Future. Plug and Play Tech Center, Sharpstone Capital and business angels from the French crypto and FinTech ecosystem complete this round, including Alexandre Stachtchenko & Claire Balva from KPMG, Owen Simonin (known as Hasheur) from Just Mining, Damien Guermonprez de Lemonway or even Nicolas Bacca, co-founder of Ledger.

“Bitstack is part of the movement to democratize cryptocurrencies by providing a fun solution that can be used by millions of consumers who want to save on a daily basis. We are happy to support Alexandre and Kabir’s business and bring them our knowledge. -do BtoC and fintech. ” detailed Marc Menase, Founder of Founders Future.

A regulated company, registered with AMF & ACPR Banque de France.

Bitstack has obtained its registration as a provider of digital assets with the Autorité des marchés financiers (AMF) and the Prudential Control and Resolution Authority (ACPR) Banque de France.

This crucial and mandatory step enables Bitstack to be regulated and to operate legally on the French market. By registering as a PSAN, Bitstack is required to comply with the Know Your Customer (KYC) and Anti-Money Laundering and Anti-Terrorist Financing (LCB-FT) rules.

These measures enable Bitstack to offer a secure solution that respects the regulatory framework defined by French regulators in order to operate legally and protect users from the risks associated with financial flows.

About Bitstack

Created in April 2021 by Alexandre Roubaud and Kabir Sethi, the French company Bitstack based on STATION F in Paris offers a mobile application that allows you to save in Bitcoin in a simple, fun and painless way.

Bitstack is a regulated company, registered as a digital asset service provider (PSAN) with AMF and ACPR Banque de France under number E2021-027.

Bitstack website: www.bitstack-app.com

This text is a press release not written by the Cryptonews editorial staff. Do your own research and invest only the money you can afford to lose.

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