Crypto Start-Up On Shark Tank Lands A Deal

In the latest episode of Shark Tank, a new start-up in the cryptocurrency industry appeared in front of the famous sharks Mark Cuban, Kevin O'Leary, Daymond John, and Lori Greiner. In the episode, the owner of the Bundil app pitched his company to the sharks seeking capital and got a $100,000 investment from Kevin O'Leary becoming equal partners in the business. The sharks also had some interesting things to say about the cryptocurrency industry which brings some positive sentiment to the sector by some of the most astute investors in America.

Diving straight into the episode, the founder of Bundil LLC explained his business model which is a mobile app called Bundil that allows users to invest their spare change directly into crypto everyday. The app automatically tracks your daily spending and invests only the change from your purchases. The Bundil App works by rounding off to the nearest dollar of each transaction and investing the change into cryptocurrency. For example if you buy a burger for $4.60, the system will invest the change which is 0.40 cents to your wallet. The platform currently supports Bitcoin, Ethereum, and Litecoin. The company makes money by charging a monthly fee of $3. It seems to be a great way to accumulate cryptocurrency on a daily basis without needing thousands of dollars to start investing. The sharks shown noticeable interest during the presentation and Kevin O'Leary liked the business so much that he wanted 50% ownership of the business. They sealed the deal with smiling faces and its very interesting to see where they will end up in the near future.

It's always great to see new innovations growing the cryptocurrency network. The Bundil app isn't the only project helping cryptocurrency that came into the light lately. For example, we recently saw an electric bike that accepts bitcoin and litecin payments. Also a new bitcoin friendly shopping app called Bitplaza just launched on the Apple App Store and Google Play. The Bitplaza App users to spend bitcoin on every day items. It's very useful for the bitcoin community demonstrates bitcoin as a true global currency. It's also interesting to see how cryptocurrency will perform the retail space.

Despite the bitcoin price decline this year, the bitcoin network itself has made a great deal of progress and bitcoin is becoming easier to use day by day. As new companies build technology around cryptocurrency, the digital currency becomes more useful, valuable and keeps crypto thriving.