You have probably heard of the Bundil app by now. The innovative project was developed by developer Dmitri love from Dallas Texas was aired on the 10th season of infamous “Shark Tank”. The developer was seeking an investment sum of 100,000 dollars from the “sharks” on the show in exchange for 10 percent equity in his company. For those unfamiliar with the Bundil app, it is an app that allows users to turn the spare change that would normally be stored in a jar, under the mattress or in a trousers pocket for months into cryptocurrency.
Not only is this helpful but also needed. Bundil is perfect for those terrified to invest large sum amounts of money because they are too risk-averse. The app allows for tiny amounts of money that would otherwise be wasted on useless snacks and guilty pleasures to be turned into virtual assets. The app typically takes the spare change from your ordinary credit or debit transactions and micro invests it in cryptocurrency. Picture this; if lunch costs you 8.65 dollars, Bundil rounds it up to 9 dollars and invests the 35 cents.
While pitching the app to investors, Dmitri drew some blanks but Mavericks owner Mark Cuban showed him love and support all the way and clapped for him at the end for his perseverance. Mark Cuban is not new to crypto startups like this having invested 250,000 dollars in a similar app last year known as “ChangeED” which sought to help people clear their student loan debt using digital spare change left over after their daily purchases. By August 2018, the “ChangeED” app had hit the 1 million mark helping to pay up to 1 million of its user’s student loans. Mark had also shown his backing of cryptos by declaring that fans would be allowed to buy season tickets for the Dallas Mavericks using cryptocurrencies bitcoin and ethereum.
The bundil app deserves a lot of attention and publicity not only because of the developers’ passion for its success but also because the app makes it easier to invest. The app will easily guide you in linking your debit or credit account, selecting the crypto to invest in and how to invest in it. The Bundil app founder Dmitri love created the app after learning how to program during an injury layoff from his stint as a soccer player in the University of Arkansas. He drew inspiration from investment app Acorns and came up with Bundil since his interest was in cryptocurrency. The app allows people to manage their investments by buying more of an asset with as little as 5 dollars or moving your coins all together at any time. This benefits not only novices in crypto investing but also seasoned professional. The app is well on its way to becoming a hit with investors.
I am a crypto enthusiast based in Nairobi Kenya, who loves investing, research writing, reading, fitness, African food, and soccer.
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