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MoneyLion to Offer Crypto Investment Ahead of SPAC Merger

US-based neobank MoneyLion announced the launch of its new cryptocurrency capabilities, enabling customers to buy and sell digital currencies within its app.

MoneyLion said that eligible customers will initially be able to buy and sell Bitcoin and Ethereum, as well as round-up their debit card purchases in Bitcoin.

In the coming months, the neobank plans to add more cryptocurrencies and related features to the offering.

The rollout is underway and will continue over the coming weeks, with the new capabilities available to all eligible MoneyLion customers on October 5.

MoneyLion had recently announced that its merger with a special purpose acquisition company (SPAC) Fusion Acquisition Corp. to become a publicly listed company is coming to a close soon.

“We view the new cryptocurrency offering as an important part of the MoneyLion platform, which includes banking, lending & investing solutions along with tools to help our customers better manage their finances, all in one app.

Offering this emerging asset class is a natural addition to our existing savings and investing products, and supports our goal of providing customers with access to a variety of asset classes, along with the tools and education they are looking for to feel confident in their financial decisions.”

said Dee Choubey, Co-Founder and CEO of MoneyLion.

MoneyLion to Offer Crypto Investment Ahead of SPAC Merger

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Fintechnews Switzerland
Fintech News Switzerland provides a source of timely, deep insights and the latest local and global news about Fintech. Launched in 2014, the Fintech News Network team works very hard to deliver fintech-centric content in various forms to an audience looking for updates on fintech events and webinars, stunning opinions from highly-reputable digital finance innovators, analysis on fintech applications from active insiders, breaking news on fintech topics and fintech market alerts.
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