BitPay, the world's largest bitcoin payment processor, today announced that they have integrated with DriveWealth, a mobile investment platform available worldwide. DriveWealth will become the first financial services company to allow users to fund their account with bitcoin.
Bitcoin's universal capability will make it easier for DriveWealth's global customers to fund their accounts. DriveWealth's platform enables international users to deposit funds faster than most other methods currently available, and their business model is making the entire process of investing easier for the relatively untapped global millennial demographic.
BitPay's integration with DriveWealth will be pioneering a new function for bitcoin in the investment industry and also pushing financial institutions to adopt the cryptocurrency. Utilizing bitcoin to make investments offers more security than traditional payment methods, giving users more control over their accounts. Using bitcoin as a funding method does not require sensitive data to be transmitted, so users will not need to worry about fraud or identity theft.
"Providing users with the added security of bitcoin as a payment method makes the whole process easier, and gives users peace of mind," says Tony Gallippi, Co-Founder and Executive Chairman of BitPay. "With Bitcoin, users will no longer have to wait days or weeks for an account to be funded because this integration will make their deposit process seamless."
"In our busy mobile world, investors want easy access to financial markets with secure payment options," says Robert Cortright, Founder and CEO of DriveWealth. "With BitPay, they don't have to worry about their financial information being compromised."