Erik Finman Will Bring Crypto To The Masses With The Help Of CoinBits

Erik Finman, the popular teen crypto billionaire aims to bring crypto to the people through a new investing platform named CoinBits and we read more in the coming altcoin news today.

Finman strongly believes that his concept of the project will be able to attract more than one million customers in the next 12 months. The now 20-year old told MarketWatch that his platform is much more superior to other platforms such as Robinhood and Coinbase because it is simple and more user-friendly. He stated:

 “The goal of the application is to make cryptocurrency not just more accessible, but to make cryptos and blockchain technology tangible and more tactile. I really think a million users within a year is realistic.”

Erik Finman launched CoinBits back in April this year and says that he invested up to $100,000 so far to create it and build it to this level. CoinBits automatically rounds up the credit and debit-card purchases and invest the difference you make in bitcoin in your place. The platform also offers the chance to make one-time investments so the users can set up their accounts to match their financial risks:

 “Some 98% of the bitcoin are in cold storage, or not kept on online, making them less vulnerable to data breaches, in theory.”

The approach is very similar to those who already use apps such as Stash and Acrons. All of these apps automatically invest the change from your cards and your purchases. Finman also says that CoiBits will become ‘’the Acorns of Bitcoin’’ and will thus make crypto more accessible to the average person.

 “I think so many people have attempted to make bitcoin simple, but I don’t feel like anyone has fully achieved that yet.”

The story of Erik Finman of him becoming an overnight bitcoin millionaire become a very interesting and popular story. The teen used the $1,000 his grandmother gave him when he was 12 to buy his first Bitcoin as reported in the latest cryptocurrency news, was trading at about $12 per token. Six years later when he was 18, Finman became a millionaire due to Bitcoin’s meteoric rise.