Bitcoin is a digital currency that is growing with retailers and with millennials. With the price of oil so low and stock prices so high people are looking for new investments and digital currencies hold the key to the future. Just one Bitcoin is priced at over $220 USD as we type this post today and it could grow to over $1,000 USD. A new App that is coming out plans to use your spare change to invest in this currency and potentially turn it into a savings that will grow.
The program from the Lawnmower App is currently in Beta but you can sign up and be one of the first to save. It works by connecting with your online bank accounts such as Bank of America or Wells Fargo then looks over transactions on your debit and credit card purchases it rounds up the amount to use toward Bitcoin savings. Lawnmower is similar to Bank of America’s Keep the Change program rounding off debit purchases to the nearest dollar but it feels like more of an investment knowing your money is going into what some call the future of currency.
Once you have accumulated $4 or more in total savings through your small debit card and credit card purchases the program will buy Bitcoin on your behalf. They currently have an iPhone version and are working on an Android version.
Make sure to sign up for a digital wallet such as Coinbase Account to participate so you will have a place for the Bitcoin to be deposited.