Nuri launches Automated Savings Plans for Bitcoin and Ether
As of today, Blockchain-based banking platform Nuri offers automated crypto savings plans to invest in Bitcoin and Ether on a monthly basis.
Berlin, August 23, 2021 - Nuri is the first European banking platform to offer its clients the option to open an automated Savings Plan to invest in Bitcoin and Ether on a monthly basis. It’s the fintech's response to a strong demand from thousands of crypto enthusiasts.
Customers can build their wealth over time and take advantage of the "Cost-Average" effect.
To provide legally compliant financial services, Nuri works with Solarisbank AG as well as Solaris Digital Assets GmbH, which provide the banking infrastructure.
Crypto starters, too, have repeatedly expressed their desire for a Savings Plan feature, as the ups and downs of crypto prices and the question of the right time to invest unsettles them. Automated Savings Plans, with the help of which a recurring amount is regularly invested, are a popular solution and many banking customers already know and use automated ETF savings Plans.
How Nuri's Crypto Savings Plan Works
Nuri's automated Crypto Savings Plan can helps clients to build wealth and take advantage of what is known as the average cost effect. It states that for those who invest a fixed amount at regular intervals, the impact of market volatility on their overall investment is reduced.
As part of their Nuri Savings Plan, clients determine the day of execution and the amount they wish to invest in Bitcoin or Ether on a regular basis. They enjoy full flexibility, as they can skip and adjust payments as needed or delete the Savings Plan at any time if they wish.
"At Nuri, we believe that everyone should have the opportunity to proactively take control of their own financial future and build wealth. That's why we develop innovative products that make saving and investing in cryptocurrencies as easy as possible for our customers. Our automated crypto savings Plans make it easier to enter the crypto world, as customers no longer need to worry about the right timing for their investment," says Nuri CEO Kristina Walcker-Mayer.