Key Points
- BitDCA has incorporated Visa and Mastercard support into its upcoming app, Littlebit, for Bitcoin investment.
- The app, set to launch in the EU, will allow regular, small investments in Bitcoin using existing credit and debit cards.
The Czech fintech company, BitDCA, has announced the integration of Visa and Mastercard into its soon-to-be-launched application, Littlebit.
This move is designed to enable users to invest in Bitcoin through their routine spending.
Seamless Bitcoin Investment
The integration will facilitate users to automatically convert a fraction of their daily purchases into Bitcoin using their current credit and debit cards.
BitDCA’s goal with this initiative is to remove the requirement for extra infrastructure or new accounts, allowing users to invest in Bitcoin without interrupting their regular spending patterns or needing to “change bank cards, pre-load funds or manually transfer money,” as stated by Jan Záruba, CEO and co-founder of BitDCA.
Littlebit, which is set to debut exclusively in the EU in the near future, employs a Dollar-Cost Averaging (DCA) strategy.
DCA is a method that involves making consistent, small investments over a period of time to minimize the effect of market fluctuations.
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 additional effort.
Options for Bitcoin Savings
BitDCA will provide two alternatives for managing Bitcoin savings.
Users with experience have the option to store their Bitcoin directly on the crypto exchange Bitstamp, while those new to crypto can keep their savings in a digital wallet assigned by the app.
Zaruba states that many individuals view Bitcoin as “a risky asset class” rather than a “long-term secure investment.”
“With BitDCA and Littlebit, we aim to change that — demonstrating how beneficial it can be to naturally accumulate Bitcoin savings, especially when users see the return on investment,” he added.
BitDCA is also planning to introduce its native BDCA token, built on the Binance Smart Chain, on 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.
BitDCA, established in 2019, announced this latest integration following a pre-seed funding round in December of the previous year, when it raised $2 million to support the development of Littlebit.
