Lydia partners with Bitpanda for stocks and crypto

Since 2013, the Lydia application has allowed many users to benefit from a completely free alternative to PayPal and focused on reimbursement or sharing of costs between individuals. Quickly, the success was such that the platform ended up offering its own bank card, NFC payments to pay for in-store purchases like Apple Pay or even loans of one hundred to three thousand euros.

Now, FinTech is going even further by launching a trading offer but aimed atcertain customers onlyto start. This is accompanied by a cryptocurrency exchange. Here is everything we know about these investment tools, which, as we remind you, carry certain risks and should be considered with caution.

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Like Revolut or Trade Republic,Lydianow lists several securities and ETFs on which it is possible to bet from just one euro. To be entitled to it, it is as usual necessary to answer a fairly heavy questionnaire verifying that you understand the various dangers for your capital, that you are a tax resident or even in order to validate your identity in the event of an audit.

More than a hundred large French companies are involved, such as L'Oréal (OR) or Legrand (LR). But that's not all, since Internet users can also choose to bet on other successes this time internationally such as Airbnb (ABNB), which made its entry into theNASDAQat the end of 2020, the electric and autonomous car manufacturer Tesla (TSLA) or the sports equipment manufacturer Adidas (ADS), a full share of which is currently being exchanged for nearly 280 euros.

Cryptocurrencies

As for virtual currencies,no AppleCoin on the horizon yetbut a nice selection of the best nuggets of the moment likeSolana, Elrond, Avalanche, Chilizand others. Shopping is available at any time of the day or night, Monday or Sunday.

For cryptocurrencies, Lydia claims to have benefited from the experience of the excellentBitpanda. Capitalized at more than four billion dollars now according to some estimates,this app also offers its own card allowing you to convert your Bitcoin into fiatto spend them with traditional merchants. The possible commission recovered by this support, for its part, remains unknown…

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By : Keleops AG