Popular Bitcoin Investing App Keza to Relaunch
Keza, the mobile app that allows any Bitcoin holder worldwide to invest in stocks and bonds, is to be resurrected after its acquisition by Philippines company Satoshi Citadel Industries (SCI). ‘Revolutionary Product’ Targets Philippines. The move will see Keza developed closer physically to its initial key target market: amateur investors in emerging....
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According to Nasdaq, a new application has been released that allows people to invest Bitcoin into a portfolio of stocks. Users deposit the digital currency into the Keza platform to track investments that have three levels of risk. The Keza website explains its thesis: Keza users have the ability to choose between three types of accounts: conservative, moderate, and aggressive stocks which have more volatility. The company says it allows anyone to invest “without minimums” and enables diversified portfolios which are accessible with Bitcoin. The service says it uses a traditional strategy....
The Keza app, an IOS app which allowed users to invest in bitcoin stocks and fixed incomes, has closed down shortly after launching, according to its website. The project had received $357,000 in funding backed by Digital Currency Group and Jason Calacanis of HOF Capital. The closing marks a setback for bitcoin investing in stocks since the app offered a way to use bitcoin to invest in the stock market. Keza also promised an application for the growing remittance market since it offered a tool for cross-border payments and remittances. A notice on the Keza website states: “The Keza project....
Digital Currency Group CEO, Barry Silbert, among others have invested in and endorsed the release of Keza (www.getkeza.com), an app which allows anyone to invest in stocks and shares with Bitcoin. Silbert announced his investment yesterday as the latest move by the Digital Currency Group, of which he is founder. Also investing are HOF Capital and....
Satoshi Citadel Industries (SCI) has acquired the bitcoin-powered Keza app which allows users to invest in mainstream U.S. stocks, and has relaunched it. The Keza app closed in April shortly after launching, CCN reported. The project had received $357,000 in funding backed by Digital Currency Group and Jason Calacanis of HOF Capital. Keza also promised an application for the growing remittance market since it offered a tool for cross-border payments and remittances. SCI Welcomed Keza Early On. SCI noted in a blog that its core team had a similar idea in early 2016 for a bitcoin-powered app....
Moreover, the Keza mobile app had no deposit minimum, which made it quite appealing to everyone in the world. The world of Bitcoin startups is no guarantee for quick success, as the Keza team found out the hard way. Although they had a solid business model, the app has been forced to shut down their offering effectively immediately. On the surface, the business model for the Keza project was quite appealing. Bitcoin users would be able to invest in US stocks from just about anywhere in the world. Additionally, the team engineers had created a mobile app for iOS users not too long ago,....