Despite recent traction in mass adoption, cryptocurrency remains a complex, inaccessible asset for many who are new to the sector. Founded in 2014, Stacks.ai seeks to simplify cryptocurrency investing for the everyday user and democratize wealth management worldwide.

CEO and founder at Stacks.ai, Ray Monner recognized the early barriers to entry for newcomers in the cryptocurrency industry and sought a solution to make crypto and traditional investing easy for the average user.

It is often the case that only those with the highest income are the ones investing in stock portfolios or investment assets, leaving the majority to save and spend in the conventional sense without ever considering the benefits of long-term investment over time.

In an interview with CryptoSlate, Monner said:

“For the rest of us who are very busy, to get totally left out of stocks and assets is so wrong…”

For far too long, people across socio-economic backgrounds have refrained from investing their savings simply because the process was complicated or too uncertain to allocate a portion of personal funds outside of a visible bank account.

In the Stacks.ai company profile, it states:

“Stacks.ai will serve the industry as an adoption tool, a mechanism that will allow users to feel more confident that their overall net worth isn’t at risk when they accept and store crypto currency.”

Stacks seeks to democratize wealth management through an easy-to-use mobile application that works by passively investing a small percentage of everyday transactions into assets of the user’s choice – cryptocurrencies, mutual funds, securities, and more.

Through partnerships with Plaid API and Uphold digital money platform, Stacks is able to offer digital and traditional asset buying and selling, direct-to-bank money transfer, and in-app portfolio management on a single, seamless platform. 

“Our hypothesis is that the general public will be more likely to adopt cryptographic tokens if tools are made available which protect the user from the downside of owning tokens.”

Both standard and tokenized wallets will be integrated into the app platform, which will launch first on iOS and later on Android.

Acting as a financial diet, passive investments into cryptocurrencies or other assets will make the user more conscious of their daily purchases and draw awareness to the importance of investing, even if only a few dollars a day.

Based in Washington state, Stacks is comprised of a small team of expert engineers and developers specializing in UX Design, iOS app development, and cryptocurrency applications.

The Stacks.ai beta is planned to launch in late July 2018 and available to select users for testing. For more information about Stacks.ai, visit their website here.

The post Stacks.ai Is Using Crypto to Democratize Wealth Management appeared first on CryptoSlate.

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