Sowa Labs presents prototype of BISON app / Available free of charge from autumn
Free, uncomplicated and secure trading in cryptocurrencies from your own smartphone: this is what BISON promises to make available to traders. The new app from fintech Sowa Labs – a subsidiary of Boerse Stuttgart Digital Ventures – gives traders an easy entry into the world of cryptocurrencies. Dr Ulli Spankowski, Managing Director at Sowa Labs, commented: ‘BISON makes trading in digital currencies easy. It is the first crypto app in the world to have a traditional stock exchange behind it.’ The startup will today present the prototype of the app at the finance and investment trade fair Invest in Stuttgart. BISON will be available free of charge from the autumn of this year.
Optimised for fast, easy trading in cryptocurrencies
Until now, it has been anything but easy to invest in bitcoin, ethereum or other cryptocurrencies. BISON is breaking down all the barriers: the app is simple to use, the user interface is available in German and will later also be offered in English. Ulli Spankowski explained: ‘With BISON, also registering and providing proof of identity is less complicated.’ Previously, opening a user account normally took several days, but with BISON activation for trading only takes a few minutes. There is ‘no need for crypto wallets’, and BISON does not charge any trading fees. Dr Spankowski added: ‘Users can trade cryptocurrencies free of charge with the app.’ Another innovative feature of the app is the Cryptoradar service, which uses artificial intelligence to filter the glut of news in social media: it gives a general view of the market in realtime and provides information on which cryptocurrencies are currently being discussed.
A survey of more than 1,000 participants recently published by Sowa Labs – entitled #thefutureofcrypto – showed that investors want easier access to the cryptocurrency market. Ulli Spankowski concluded: ‘This is exactly what BISON is optimised to provide.’
To find out more about the app, visit www.bisonapp.de
The findings of the #thefutureofcrypto survey can be found at: https://www.sowalabs.com/9f06243a/TheFutureOfCryptoFullPresentation.pdf
About Sowa Labs:
Sowa Labs is a fintech specialising in artificial intelligence and pioneering applications used to trade cryptocurrencies and securities. It focuses on real-time data analytics in financial markets and the development of trading applications. Sowa Labs has been a subsidiary of Boerse Stuttgart Digital Ventures GmbH since October 2017.
About Boerse Stuttgart Digital Ventures:
Boerse Stuttgart Digital Ventures GmbH was established to develop innovative business models for exchange trading and over-the-counter (OTC) trading in fungible products. It can also invest in promising startups and enter into partnerships with selected partners to implement its digitisation strategy. Boerse Stuttgart Digital Ventures GmbH is a wholly-owned subsidiary of Boerse Stuttgart GmbH.