Lawnmower.io - Convert your Spare Change into Bitcoin - iOS & Android App!

[lawnmowerIO]

Buy a cup of coffee for $3.25 and automatically purchase 75₵ worth of bitcoin. Watch your bitcoin stash grow as you spend. The easiest, entirely passive route to saving bitcoin.

We appreciate all the support and feedback we received from everyone who checked out our product in its infancy.

If you haven't already, check out Lawnmower.io for a quick About, FAQ, etc., and link to download our app on iOS or Android! Currently, you'll need to log into (or create) a Coinbase Account as well as a financial account at Citi, Chase, US Bank, BoA, Wells, USAA, AmEx, or SVB to fully register and start converting your spare change into bitcoin.

As always, please let us know what you think and thanks again.

Lawnmower

[marcotheminer]

Sounds interesting, good luck with the venture!

[ciocgun]

Buy a cup of coffee for $3.25 and automatically purchase 75₵ worth of bitcoin. Watch your bitcoin stash grow as you spend. The easiest, entirely passive route to saving bitcoin.

After months of a closed beta, our public launch is finally here (on the App Store at https://itunes.apple.com/us/app/lawnmower-spare-change-into/id965079226?mt=8). We appreciate all the support and feedback we received from everyone who checked out our product in its infancy.

If you haven't already, check out Lawnmower.io for a quick About, FAQ, etc., and link to download our app. Currently, you'll need to log into (or create) a Coinbase Account as well as a financial account at Citi, Chase, US Bank, BoA, or Wells to fully register and start converting your spare change into bitcoin, but we're testing Android and web versions now and are exploring integrations with more robust transaction data API providers to expand our supported banks.

As always, please let us know what you think and thanks again.

Lawnmower

Is it an android version being prepared?

[SirLolicon]

Amazing concept
Hopefully it'll accept foreign banks as well and maybe exchange local currency or something like that

[madonnino]

you have plans to add even European banks ? I really like this service and would like to use it as soon as possible but i'm out of the us, meanwhile congratulations for the idea   

[lawnmowerIO]

Update!

iOS App Store Link - https://itunes.apple.com/us/app/lawnmower-spare-change-into/id965079226?mt=8

Android Play Store Link - https://play.google.com/store/apps/details?id=io.lawnmower.mobile

More info on main website - https://lawnmower.io

Today's update - https://i.imgur.com/PQIjf3S.png

[ranlo]

Update!

iOS App Store Link - https://itunes.apple.com/us/app/lawnmower-spare-change-into/id965079226?mt=8

Android Play Store Link - https://play.google.com/store/apps/details?id=io.lawnmower.mobile

More info on main website - https://lawnmower.io

Today's update - https://i.imgur.com/PQIjf3S.png

Can you shed some light on what your fees are (if any, and if not, how the app makes money)? This is a great concept, and it's done in the stock market as well (i.e., automatically buying stocks with excess change).

[teddy5145]

Is this service available for the rest of the world? or just USA only?
would nice to have this kind of app in my phone 

[madonnino]

Is this service available for the rest of the world? or just USA only?
would nice to have this kind of app in my phone 

yep i'd like to use this fantastic app, a very very good concept, but i'm in Europe I hope that soon I will be able ' to use your service , let us know, Meanwhile good luck!

[lawnmowerIO]

Update!

iOS App Store Link - https://itunes.apple.com/us/app/lawnmower-spare-change-into/id965079226?mt=8

Android Play Store Link - https://play.google.com/store/apps/details?id=io.lawnmower.mobile

More info on main website - https://lawnmower.io

Today's update - https://i.imgur.com/PQIjf3S.png

Can you shed some light on what your fees are (if any, and if not, how the app makes money)? This is a great concept, and it's done in the stock market as well (i.e., automatically buying stocks with excess change).

So Lawnmower doesn't actually charge any fees, but all bitcoin purchases are initiated within your Coinbase account (which currently charges $.15 for transactions < $15 and 1% for transactions > $15.) We're exploring revenue model options but our core service will always be free.

To mitigate these fees, we set up a customizable minimum purchase threshold that the user can set. The spare change is essentially accumulated until it reaches this threshold and then a bitcoin purchase for the total spare change amount is initiated for you via Coinbase and sent to a "Lawnmower Wallet" we create.

Appreciate the comment, and yup it's a similar base product/strategy to something like Bank of America's "Keep the Change" program (to save via a savings acct) or Acorns (to save via mutual funds).

[lawnmowerIO]

Is this service available for the rest of the world? or just USA only?
would nice to have this kind of app in my phone 

Right now it's just USA only mostly due to banking support constraints To use the app you need to log in/create a Coinbase account and also link up a spending account (credit/debit card, checking acct, etc.) for us to watch your transactions for spare change. When we launched we could support only 5 large US banks (Chase, BoA, Citi, Wells, US Bank), and we just launched support for USAA, AmEx, and SVB yesterday, but we are now working on integrating with a transaction data API provider that can hopefully help us support a multitude of banks from all over the world.

[marioantonini]

Madonino but in europe (if a remember, you are italian like me) the cup of coffee don't cost $3.25, but only 1 euro 

[monbux]

Seems like a very unique concept to me... I will be waiting for the launch of the Android app, as well as the introduction of Canadian banks!

[lawnmowerIO]

Seems like a very unique concept to me... I will be waiting for the launch of the Android app, as well as the introduction of Canadian banks!

Thanks and the Android app has already launched - https://play.google.com/store/apps/details?id=io.lawnmower.mobile !

[ranlo]

I was thinking about this and... how are the withdrawals (for purchases) made? There's a limit of like 3 transfers/month for savings accounts, so this seems like it would possibly go over that limit.

[lawnmowerIO]

I was thinking about this and... how are the withdrawals (for purchases) made? There's a limit of like 3 transfers/month for savings accounts, so this seems like it would possibly go over that limit.

Assuming you're talking about the actual bitcoin purchases with your "spare change"? We let the user set a minimum purchase threshold within their settings and let the spare change from each purchase accumulate until it surpasses the threshold to mitigate fees. So the bitcoin purchases are essentially made in larger blocks of spare change over time.

[thebigtalk]

Interesting. Will my family be able to use my account whenever they're out for some shopping and decided to put the spare change in it?

[lawnmowerIO]

Interesting. Will my family be able to use my account whenever they're out for some shopping and decided to put the spare change in it?

It'll pick up the full transaction history of whatever card(s)/account(s) are linked up.

[teddy5145]

Is this service available for the rest of the world? or just USA only?
would nice to have this kind of app in my phone 

Right now it's just USA only mostly due to banking support constraints To use the app you need to log in/create a Coinbase account and also link up a spending account (credit/debit card, checking acct, etc.) for us to watch your transactions for spare change. When we launched we could support only 5 large US banks (Chase, BoA, Citi, Wells, US Bank), and we just launched support for USAA, AmEx, and SVB yesterday, but we are now working on integrating with a transaction data API provider that can hopefully help us support a multitude of banks from all over the world.

too bad 
i would love to see this app on my country since i tend to go shopping every week
 

[madonnino]

Madonino but in europe (if a remember, you are italian like me) the cup of coffee don't cost $3.25, but only 1 euro 

Yes marioantonini Its True thanks To god   maybe we can use lawnmower when we bought a pizza or a dish of pasta :p