Cryptocurrency This Week: B21 Launches Crypto Investment Mobile App & More

B21, a global digital asset investing company, last week announced that it launched a mobile app called B21 Invest. With this, Indian users will now be able to invest in cryptocurrencies including Bitcoin, Ethereum and others using local fiat currency and local payment methods like Unified Payments Interface (UPI), debit cards and bank transfers.

Currently, the cryptocurrency investment app is available on Google Play Store and Apple App Store. The company claims to have simplified the entire onboarding and investment process by allowing users to create their own secure, customised portfolio of cryptocurrencies without going through KYC and wallet set up hurdles. At the same time, users can withdraw money globally via bank transfer (ACH) and international wire transfers.

Nitin Agarwal, founder and director of B21 said that the app will make investing easier and more efficient without having to navigate complex trading exchanges or managing their private portfolios.

In addition to this, B21 also announced its collaboration with a wealth management company, Minance, where it will be offering users a gateway for purchasing cryptocurrency, along with a cryptocurrency tax calculator. With this partnership, the duo plans to introduce more features in the coming years.