Perth, 15 May 2018: DigitalX Ltd (ASX:DCC) has announced it has been appointed corporate advisor to microsavings platform Bamboo.
The Bamboo platform will allow users to connect their bank account with its system, and each time the user makes a purchase, their spare change will be rounded up and invested into crypto assets.
DigitalX CEO Leigh Travers said:
We believe Bamboo has a novel concept because it is a user-friendly and simple way for more people to become safely engaged in crypto-assets.
The Blockchain startup, which has a strong research and development presence in Perth, is helping to reduce the barriers to entry for younger people seeking to get involved in Blockchain technology platforms.
Bamboo believes the platform will appeal to millennials as it acts as a way of boosting their savings by reinvesting their spare change.
Bamboo CEO Phil George said:
You will be able to download an application and within a minute you can be up and running and beginning the journey of acquiring cryptocurrency assets without all of the problems of current solutions.
Mr. Travers said:
DigitalX is delighted to be working with the team at Bamboo. We believe the concept will have broad appeal, which means it has a large potential marketplace for its application.
DigitalX has provided advisory services to high profile ICOs including Power Ledger, SingularityNET, and Shivom.
Shivom’s token sale recently hit its hard cap of US$35 million.
Mr. George said:
Less than one percent of the world’s entire money supply is currently within the cryptocurrency ecosystem and the industry is really just getting started.
Images courtesy of DigitalX
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