DriveWealth Partners with BitPay, Enables Customers to Fund Accounts with Bitcoin

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DriveWealth Partners with BitPay, Enables Customers Fund the Accounts with Bitcoin

Claiming to be an easy to use, goal-oriented investing platform that allows users to access their investments anytime, anywhere using the mobile app, DriveWealth has partnered with leading Bitcoin payment processor BitPay. In the announcement the company says that it wants to bring its customers the ability to fund their accounts with Bitcoin.

Currently, the company helps users check in on their goals, increase their investing knowledge, or ask a questions in the Investing Q & A forum. They are also able to get free, unlimited practice accounts to gain confidence and take control of the future with DriveWealth. Now, adding Bitcoin as a payment method, the company is helping them further.

Interestingly, DriveWealth is the first financial services organization to accept the popular digital currency Bitcoin. The company promises that users can check in on their goals, increase investing knowledge, or ask a question in Investing Q & A forum using unlimited practice accounts. Thus, it assures them to take control of their future with DriveWealth.

Nonetheless, as the company aims to expand globally, it raised over $8 million in funding from high-end investors. Now, as it has partnered with one of the biggest Bitcoin payment processor BitPay, it is aiming to give its members greater control over their accounts and shove Bitcoin further into the trading arena as a potential funding method.

The Company Not Responsible for Bitcoin Exchange Rate

The co-founder of BitPay Tony Gallippi believes that trust is a major factor when a company wants to build relationships with its users and according to him providing users with the added security of Bitcoin as a payment method makes the whole process easier, and gives users a peace of mind. He says the customers will welcome the decision from DriveWealth.

According to Tony Gallippi with Bitcoin, users will no longer have to wait days or weeks for an account to be funded because this integration will make their deposit process seamless. Though some government agencies doubt the digital currency as they believe that it is being used for illegal activities, while a lot of private companies have been promoting it for long.

The official website of the company says that when the users are depositing money through Bitcoin the funds are generally available within 2 business days. Also, there is a minimum $20 deposit. At the same time the company says that it is not responsible for the Bitcoin exchange rates the users receive.

To contact the reporter of this story: Deepak Tiwari at deepak@forexminute.com