[2015-04-13] Fortune: Got spare change? This new app will invest it into Bitcoin

[pitham1]

Got spare change? This new app will invest it into Bitcoin for you

http://fortune.com/2015/04/13/financial-apps-bitcoin/

Lawnmower, introduced last week, tracks its users credit cards and banking transactions and rounds each one up to the next dollar. Then, it invests that spare change into Bitcoin. If you buy $3.25 cup of coffee, for example, Lawnmower will round up to $4 and take the extra 75 cents and buy Bitcoin. Over time, the money will add up and appreciate in value, at least in theory.

[Kaneki]

I see the positive side of this is for all those who want to shop but still could set aside money for in the tube.

[cr1776]

The concept of rounding transactions up and saving the money is not really new. My bank offers this service, but it never made sense to me.

Adding Bitcoin to that certainly makes it more interesting.

I agree.  It will be interesting to see how much traction this gets.  Each individual usage - e.g. this, tipping, remittances etc - may seem small (or some large) but all told they will add up.  It would just be nice to see them adding up sooner vs later.  :-)