Investment has become mandatory for those who want to secure their financial future. Despite this need, the alternatives available to those who want to invest their money are few. Akt.io will change this and democratize the investment world.
Why do you need investments?
With checking accounts offering zero returns and savings accounts offering near zero returns, investing is a must if you don’t want inflation to kill your financial future. The problem is that investing is scary and comes with a lot of risk for the vast majority of people.
Despite the large number of investment platforms on the market today, investing remains for those who know how to navigate this world with confidence and make a profit from the bets they make. And now you are only talking about investing in traditional assets, such as stocks. Once you start adding new asset classes and investments to the mix, such as crypto and crypto staking, the gap between those who can access and benefit from investments and those who can’t, widens even further.
Then you also have the problem of choosing between growth and spending. Because even those who know how to invest, still face the choice between growing their money in investing, or being able to pay with it.
Given the fact that all people want their money to grow, with the global wealth management market being valued at over $75 trillion, should it be hard to put money into?
A FinTech Challenger Sees Opportunity
Financial technology company Automata was founded by Gael Itier in 2017. Gael is a computer scientist who graduated from the Ecole Polytechnique in France. He was working at that time at a new German bank where he developed trading algorithms, as well as creating and growing the company’s wealth management department. During this period Gayle discovered that the same type of algorithmic trading used to successfully manage portfolios of high net worth clients could be adapted to the retail market, when combined with micro and asset investment.
Gael’s drive was to democratize the investment world and offer investment solutions that would help clients grow their wealth and make it work for them at all times, while at the same time holding it for payments.
In 2018, Automata Network Ltd was established. in the UK. The company is developing an automated advisor for the cryptocurrency market, based on the success it has had with an algorithm used in traditional financial markets. Also this year, the team began the process of combining advanced wealth management tools, such as algorithmic trading and cryptocurrency storage, with payment services.
The team understands that in order to bridge the gap between the investment solutions they would like to offer, and make it possible to easily liquidate invested capital, they need an asset exchange capable of very fast micro-exchanges between a variety of asset classes on the same platform. This need is driving the team to develop a new type of multi-track asset exchange, called WealthHub, which is at the heart of the investment platform being developed.
The WealthHub technology they develop is powered by a proprietary algorithm built in-house by Gael and his team. The exchange enables direct asset exchanges to be conducted almost instantly between all of its associated asset providers. This means that users will be able to make partial exchanges between different assets and investments such as cryptocurrencies, stocks, cryptocurrency lending platforms, automated wallets and any other investment available on their platform, directly and without an intermediary.
Thanks to Akt.io WealthHub, the range of possibilities is rapidly growing and by signing a partnership agreement with an international payment service provider, users will soon be able to pay directly with any asset owned, with an automated exchange in a matter of seconds between the asset and the currency requested by the merchant.
The goal is to enable users to pay with the money that always works for them, and basically, head over to Starbucks and pay for coffee with cryptocurrency, gold, or whatever investment they prefer.
In 2020, it renamed itself Akt.io and after years of development, the wealth app will soon be available to users in major European markets. Akt.io will launch in the fall of 2021 a domain Aktio Coin ICO This will be the last step before the launch of the wealth app in 2022.
The team said: “It has been a long and difficult journey but even though winter is fast approaching, we can all see the light at the end of the tunnel. Because after years of development, we hope to have found the solution for the millions of individual investors who, to this day, have not had access to the most effective tools to secure their financial future.”
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