Satispay expands further into investments: users will be able to buy ‘shares’ of gold and cryptocurrencies

Résumé détaillé

MILAN –First payments, then welfare, then savings and investments. Satispaycontinues to expand its scope and is now branching out into two new product categories: commoditiesand…

MILAN –First payments, then welfare, then savings and investments. Satispaycontinues to expand its scope and is now branching out into two new product categories: commoditiesand cryptocurrencies. Specifically, via the app, users will be able to purchase fractional units – starting from one euro – of ETPs underpinned by commodities such as gold, silver, oil, coffee and wheat, as well as the major cryptocurrencies including Bitcoin and Ethereum. “With over 600,000 people already investing via Satispay, we see every day just how important simplicity is when it comes to making sound financial decisions.

Essentially, the service extends what is already possible on the platform with shares via ETFs, as it allows for fractional micro-investments. “Unlike the direct purchase of the underlying assets, which requires you to hold them yourself (for example, physical gold in safety deposit boxes or cryptocurrencies in wallets), the user purchases financial instruments traded on the markets that replicate or track the price performance of the underlying asset,” the company explained in a press release

As for costs, Satispay uses a fixed fee structure: €0.89 for each buy or sell order, regardless of the amount invested, in addition to any annual fees charged by the product issuer (as set out in the relevant key investor information document). For regular investment plans (PACs), transaction fees will be waived on a selection of ETCs and ETNs – the two categories of ETPs linked to commodities and cryptocurrencies. For those with a subscription plan, the monthly commission-free transactions also include those relating to new products

Début de l'article, extrait de La Repubblica. Pour lire la suite, ouvrez l'article chez le média.