Outside Source
Czech fintech firm BitDCA has integrated Visa and Mastercard support into its upcoming microsaving app, Littlebit, to allow users to invest in Bitcoin through everyday spending.
According to a press release shared with crypto.news, the integration will allow users to automatically convert a percentage of their everyday purchases into Bitcoin using existing credit and debit cards.
With this, BitDCA aims to eliminate the need for additional infrastructure or new accounts, allowing users to invest in Bitcoin without disrupting their usual spending habits or having to “switch bank cards, pre-load funds or manually transfer money,” according to Jan Záruba, CEO and co-founder of BitDCA.
The app, set to launch exclusively in the EU in the coming months, employs a Dollar-Cost Averaging strategy. DCA involves making regular, small investments over time to reduce the impact of market volatility.
With Littlebit, users can automatically set aside a portion of each transaction made with their Visa or Mastercard, gradually building long-term exposure to Bitcoin without any extra effort.
BitDCA will offer two options for managing Bitcoin savings. Experienced users have the option to store their Bitcoin directly on the crypto exchange Bitstamp, while those new to crypto can keep their savings in an app-assigned digital wallet.
According to Zaruba, many people perceive Bitcoin as “a risky asset class” rather than a “long-term secure investment.”
“With BitDCA and Littlebit, we aim to change that — proving just how beneficial it can be to naturally accumulate Bitcoin savings, especially when users see the return on investment,” he added.
BitDCA will also launch its native BDCA token, built on the Binance Smart Chain, across both centralized and decentralized exchanges in the coming weeks.
BitDCA CTO Ondřej Kavka explained that every transaction made through the Littlebit app will generate revenue for BDCA holders through staking rewards, thereby providing an “additional opportunity for passive income” alongside their Bitcoin savings.
Founded in 2019, BitDCA’s latest integration follows a pre-seed funding round in December last year, when it raised $2 million to support the development of Littlebit.
This article first appeared at crypto.news
