Invity.io & Swan Bitcoin Break Down Barriers to Bitcoin With Automated Savings in Trezor Hardware Wallets
- Trading Systems , E-Wallets , Bitcoins
- 11.04.2022 05:14 pm
Invity.io, provider of the in-wallet trading platform for Trezor hardware wallets, and Swan Bitcoin, a prominent Bitcoin onramp, have announced a new partnership to bring recurring, direct-to-custody Bitcoin purchases to Trezor wallets.
Automated purchasing within a cold wallet is the most accessible way for non-technical users to start saving value with Bitcoin while maintaining personal control over their coins from the very beginning.
“The key to Bitcoin's future is to welcome people who are currently intimidated by cryptocurrencies. But we've found that new users continually worry over two things: finding the perfect time to enter the market and keeping their Bitcoin safe. This integration solves both," says Pavol "Stick" Rusnák, co-founder of Trezor Company.
Stephan Livera, Managing Director of Swan Bitcoin, adds, “Bitcoin must be for everyone, especially in this age of runaway inflation. But not everyone is willing or able to contribute a lump sum to a new investment. By offering new users a straightforward way to buy Bitcoin in the amount they want and on their schedule, anyone can benefit from dollar-cost averaging while keeping their investment as secure as possible."
Recurring Bitcoin purchases are facilitated by Invity, which integrated Swan Bitcoin's API into the free Trezor Suite app, the coin management platform for Trezor hardware wallets. In the Trezor Suite Trade section, a "Save into Bitcoin" button opens a specially designed minimalist interface in a click. Users then fine-tune the amount of Bitcoin to purchase and how often in a way that suits their personal budget.
A linked bank account converts US dollars to Bitcoin automatically, and the purchased coins are sent directly to the user's non-custodial Trezor hardware wallet. This eliminates both exposure to vulnerable custodial solutions and manual, fee-incurring steps to move purchased coins to self-custody.
“Investing is a mental process for the long term and the only way to protect and build wealth over the long term. A completely self-managed asset like Bitcoin held on a hardware wallet is vital to creating an investment portfolio for the twenty-first century, and the meeting of our three companies makes this a reality for anyone," says Štěpán Uherík, CEO of Invity and CFO of Trezor.
Automated Bitcoin purchases powered by Swan Bitcoin and Invity will be enabled in the May 2022 update of the Trezor Suite. Swan is only available to people over eighteen years of age with a valid government ID and valid US bank account; this service is not available to residents of New York state. Invity is in talks to bring automated purchases to European users in the coming months.