Cryptocurrency asset change ZebPay on Wednesday introduced the launch of a brand new app that’s meant to permit Systematic Investment Plan (SIP) choices in Bitcoin and Ether. Called ZEBB, the app lets customers begin an SIP of as little as Rs. 100 to start investing within the two main cryptocurrencies. The new app has been launched within the midst of a fall within the costs of Bitcoin and Ether. However, regardless of a big dip in costs in the previous couple of days, each cryptocurrencies stay in style funding choices. While another cryptocurrency exchanges in India, reminiscent of WazirX, even have the nominal Rs. 100 minimal funding cap, ZebPay plans to make long-term, recurring investments in digital currencies a lot simpler. The recurring funding mannequin would additionally assist ZebPay improve energetic utilization on its crypto change.

ZEBB is geared toward decreasing the barrier of entry for investing in Bitcoin and Ether, ZebPay stated in a press release. Users simply want to enroll and full their KYC course of to start out investing within the cryptocurrencies by the app.

Once signed up, you may arrange a recurring SIP schedule (reminiscent of weekly) on the app to purchase or promote Bitcoin and Ether utilizing ZEBB. The expertise is much like how one should buy mutual funds by way of SIPs. You can even alternatively purchase Bitcoin and Ether items all of sudden. ZebPay claims that the app takes zero p.c shopping for charges.

Alongside giving customers the benefit to spend money on cryptocurrencies, ZEBB is touted to have the identical stage of buyer information safety and the safety of buyer deposits and pockets holdings that ZebPay gives to its common clients.

The objective of enabling SIPs in Bitcoin and Ether is to encourage traders to take the rupee price averaging method through which a person invests a set sum of money at common intervals to purchase extra shares of the funding over time.

“Bitcoin and Ethereum are revolutionary technologies with tremendous growth potential, and SIP is known as one of the most efficient models of wealth creation helping users to invest in the best possible average buy price,” stated Avinash Shekhar, Co-Chief Executive Officer, ZebPay.

He added that if, as an illustration, an investor had purchased Bitcoin price Rs. 100 each week previously yr, they’d have gained round 72 p.c on their complete funding of Rs. 5,200.

Bitcoin worth in India is at present at Rs. 24,11,554, down 2.45 p.c within the final 24 hours. Ether worth in India, then again, is down 4.31 p.c within the final 24 hours and now at Rs. 1,44,275.

ZEBB is on the market totally free obtain on Android and iOS by Google Play store and Apple’s App Store, respectively. It is at present restricted to Indian residents.

Similar to ZEBB, there are answers reminiscent of Bitdroplet and Unocoin that allow you to create SIPs in Bitcoin.