Bitstack raises 1 million euros to develop savings in Bitcoin (BTC)

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Bitstack earrings with 1 million euros

The French startup Bitstack, domiciled directly in the heart of Station F in Parisjust Raise 1 million euros as part of its pre-seeding phase with various French and international investors.

The roundtable was chaired by French investment fund Founders of Future alongside Plug and Play Tech Center and Sharpstone Capital.

People from the French cryptocurrency ecosystem also attended, such as Alexandre Stachtchenko and Claire Balva from KPMG, John Simon (better known as Hasheur), Damien Guermonprez from Lemonway or even Nicola Bacca, Ledger co – founder.

So will the project to facilitate savings in Bitcoin (BTC), as suggested by Bitstack financially driven to get started in the best conditionsas said Marc MenaseFounders Future founder:

“Bitstack is part of the movement to democratize cryptocurrencies by providing a fun solution that can be used by millions of consumers who are trying to save money on a daily basis. We are pleased to support Alexandre and Kabir’s business and bring our BtoC and fintech know – how. »

Strategic investment for all entities present, since savings in Bitcoin usually come as a reference model. In fact, in the face of looking at an inflationary banking system, cryptocurrencies and especially Bitcoin are gradually becoming an investment choice for the French.

According to a study conducted by KPMG in collaboration with Cryptoast, 8% of French people already own cryptocurrencies and 30% plan to get one. Bitstack wanted to tackle offering Bitcoin savings that are easy and accessible.

👉 Discover Bitstack, Bitcoin (BTC) savings in a simple and fun way

Savings in Bitcoin made in France

Founded by Alexandre Roubaud and Kabir Sethitwo young French entrepreneurs, Bitstack adds innovative full savings systemand this on 2 points.

First, the application offers automatically offset the amount of your daily purchases to the higher euro to invest the difference, and this in Bitcoina completely exclusive system that greatly facilitates investment.

Bitstack Founders. Left, Alexandre Roubaud. Right, Kabir Sethi.

In addition to this automatic turnaround feature, Bitstack offers a purchase of BTC function on a recurring basis, that each user can configure according to his budget allocated to the investment in Bitcoin.

So Bitstack chooses to bet on the Dollar Cost Averaging (DCA) strategy, which is well known in the cryptocurrency sector. In fact, by investing on a regular basis, it is possible ready for long-term gainsmaking its investments virtually impervious to market changes.

Illustration of the Average Dollar Cost strategy

Because of these innovative principles, Bitstack is on the list of 100 start-ups where you can invest according to Economic magazine Challenges.

In addition to its website, Bitstack offers a very simple mobile application, designed to be accessible to allwithout the slightest investment skill required.

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Graphic source: Medium