Lou Lapat & COINFLASH want less friction to enter crypto

Today, I’m writing to you about a crypto developer. Louis Lapat is the creator of Coinflash, the platform is about as accessible as it gets in the cryptocurrency community. Similar to Acorns investment platform, Coinflash rounds up expenditures to the nearest dollar and invests the spare change into crypto.

We met a few months ago and recently caught up again at the Chicago Blockchain Conference Gala.

What is your academic and professional background?

Lou:

"I have two master’s degrees, an M.S. in CS from Northwestern University and a MFA in filmmaking from Columbia in New York. I finished my CS degree at Northwestern University and instead of flocking to the valley to get a tech job, I moved to New York to study film.

But the hustle slowly killed me. Enter Versa App, this was my first side app, it was a social video app that never really got off the ground after launching it. I went on to create like 5-6 other side projects. None of them made money, which brought me to Coinflash about 7 months ago. Coinflash is by far my most successful project. Also, the most fun and has the most potential. Also, caused the most stress, but has changed my life for the better."

What are the three most important influences you amalgamated into Coinflash?

Lou:

1. Pieter Levels makes up like a little movement that is like 1 guy shows that can code and built products.

[He says]:

Don’t pay for marketing
Charge off the bat
Utilize your audience to get users
You can do it all yourself

1. Versa

2. findmymemorial.com

What is your perception of Coinflash's position within the cryptocurrency sector?

Lou:

"I think people deep in crypto like Coinflash because it will help with mass adoption. It’s easier to say to a noob ‘hey, there is this app that will automatically invest your spare change into crypto’ then ‘you should go buy crypto’. It’s a conversation starter between crypto heads and blockchain beginners. Coinflash will make you money if ETB or BTC goes up. Everyone likes to make money. I think basically everyone has made money at this point because BTC has mooned in the last few months. Some crypto heads hate Coinbase and the fees and their support, no way around that, since Coinflash is so closely tied with Coinbase."

Well, I hope this has been informative. I really think that Coinflash is an excellent onboarding vector for those that want to tiptoe into crypto as well as those that may not have a large enough sum of capital to acquire a significant amount while the value is low against fiat currencies.

What do you think? Have you tried Coinflash yet?