News

Old school meets new in cash-to-crypto investing scheme

July 23, 2018

B21, a personal wealth manager for crypto assets, has formed a partnership with Flexepin, a cash voucher provider, to allow users in Australia, Canada, the United Kingdom and parts of Europe, to fund their B21 investment accounts with cash.

According to a press release, Flexepin cash vouchers are currently available for purchase at thousands of retail locations in Australia and Canada, and the company expects to open thousands in the U.K. and Europe planned in the coming months.

Vouchers can be used to make online purchases in situations where payment by bankcard is not an option, or where the purchaser simply prefers to pay with cash. Its payment solution allows users to pay in cash safely and securely on platforms like B21.

"Since 2016, Flexepin has become the leader in prepaid vouchers used at cryptocurrency exchanges globally," Effie Dimitropolous, the company's global operations manager, said in the release. "Every day consumers around the world use Flexepin to purchase their first cryptocurrency and many more use it to add to their holdings. They choose Flexepin because of its convenience and safety."

"Not all customers have easy access to banks and debit cards often required for online transactions, so we are adapting to meet customer needs," said B21 co-founder Miles Paschini. "Our partnership with Flexepin will provide our B21 accountholders with a safe, secure, and convenient means of funding their account using fiat currency."