US-based FinTech MoneyLion has acquired a stake in Zero Hash.
In Brief:
Zero Hash offers post-trade settlement for fiat and digital assets.
MoneyLion will add a crypto-based investing and rewards option to its platform.
It plans to add the ability for users to buy and earn cryptocurrencies later this year.
What does this mean?
MoneyLion has recently surveyed over 2000 of its members – of which it reportedly has 7.5mn since its 2013 launch – and found 60% are already investing in cryptocurrencies, while more than three in four of those not currently investing would consider it in the next year. It’s responded by readying this capability on a platform that aims to “empower” users to better manage their finances.
