Dan Joveski – Startup NewsCEO, WeMoney
WeMoney adds crypto.
West Australian fintech WeMoney has expanded its offering to allow members to track their cryptocurrency holdings in the app.
The financial wellness platform surveyed its members and found that 91% held some form of cryptocurrency. The survey also showed that only a small portion use cold storage (10.5%) for their digital tokens while the majority of 69% rely on an exchange for storage.
The Coinspot integration will be WeMoney’s first foray into tracking cryptography assets inside their ecosystem.
Members will be able to see their digital tokens alongside other financial accounts including savings accounts, investing accounts, superannuation and various credit products.
“At first we underestimated the demand for crypto in-app,” founder and CEO Dan Jovevski told Startup News. “It has become clear that Gen Z and millennials are transitioning to a web3.0 world. This first integration with Coinspot will be one of many exchanges to come online in the next few months as we empower more of our members to get a better understanding of their finances and their money.”