Douugh Partners with Zero Hash
Dough Limited (ASX: DOU) is a responsible financial super app that helps people manage and grow their money autonomously to lead a financially healthy life. Douugh Ltd has announced a partnership with Zero Hash to add cryptocurrency wallets and trading capabilities to the Douugh app.
Customers will be able to buy, hold, and trade cryptocurrency in the United States directly using Douugh’s Crypto Jar function on the platform at first. Customers will also be able to use their Douugh Master card debit card to spend the bitcoin of their choice.
“Cryptocurrency has matured to the point that it has become a preferred investment for millennials and Generation Z looking for income and liquidity. The key for us is to facilitate this behavior appropriately,” said Andy Taylor, Founder & CEO of Douugh.
“Cryptocurrency is quickly becoming an important part of a well-diversified investment portfolio. We’re thrilled to be partnering with one of the largest and most regulated exchanges in the digital asset industry to allow our customers to increase their cryptocurrency investments. Overtime.”
Douugh Partners with Zero Hash to Launch Integrated Crypto Offering
Douugh has teamed up with Zero Hash to build a bitcoin wallet and trading platform for its “responsible financial super app.”
The trading firm’s goal is to assist consumers in managing and growing their money to live financially healthy lives.
To that end, Douugh will expand its offering to include developing asset classes. The world’s most volatile asset class.
Many have claimed that the fundamental worth of Bitcoin and other cryptocurrencies has yet to be established. Yet, the reality remains that cryptocurrencies are here to stay, and Bitcoin continues to set new all-time highs.
Users in the United States will be able to use Douugh’s Crypto Jar feature and the Douugh platform to buy, hold, and sell cryptocurrency. The Douugh Master Card debit card provides a convenient way for bitcoin users to spend their money.
Zero Hash is a digital asset settlement and custody platform focused on enterprise-grade solutions. It is registered with FinCEN in the United States and can operate as a money service business, money transmitter, or virtual currency business in 51 US jurisdictions. It also has a Bit license from the New York Financial Services Department. Zero Hash is one of the most reputable digital asset operators. Other top fintechs, such as MoneyLion and Wirex, use Zero Hash’s platform to power their bitcoin offers.
This service complements Douugh Wealth’s recent managed portfolio launch, “Portfolio Jars,” linked to specific savings goals.
Zero Hash CEO Edward Woodford
“We think that there is a definite generational shift in how individuals invest their money, and crypto services give fintechs like Douugh a competitive advantage in serving millennials and Generation Z,” says Douugh. “Zero Hash is a turnkey solution that makes crypto adoption simple for businesses like Douugh,” stated Edward Woodford, CEO of Zero Hash.
“This agreement gives Douugh customers access to an intriguing new asset class, while Zero Hash takes care of crypto markets’ underlying technical and regulatory complexities.”
Douugh’s Crypto Jar
Consumers will be able to participate directly in digital asset investment and diversify their portfolios across cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), PAX Gold (PAXG), and Lite coin (LTC) through the Crypto Jar offering (LTC).
Earlier this month, the worldwide market for cryptocurrencies reached $2 trillion, and roughly 15% of Americans own some form of cryptocurrency. Douugh’s Crypto Jar will let even more Americans engage in the decentralized financial ecosystem as US family incomes continue to climb after the pandemic.
The cooperation with Zero Hash will begin immediately for an initial 3-year term, with either party having 90 days to terminate it. Customers that use the Crypto Jar service from Douugh will agree to the terms and conditions of Zero Hash as part of the cooperation. The partners will use a revenue share model based on customer activity.
This revenue is indeterminable because it is based on various criteria and may vary by jurisdiction; nonetheless, because this functionality is of considerable importance to Douugh’s target market, it is believed to be a material partnership for Douugh as it tries to ramp up into FY2022. The launch of the Douugh Crypto service is contingent on each jurisdiction’s final bank and regulatory permission.
Why did Douugh partner with ZeroHash?
Douugh partnered with ZeroHash to launch an Integrated crypto offering.
What did the CEO of Zero Hash, Edward Woodford, say?
Stated Edward Woodford, CEO of Zero Hash.”This agreement gives Douugh customers access to an intriguing new asset class, while Zero Hash takes care of crypto markets’ underlying technical and regulatory complexities.”