Paris, September 25, 2024: Paris-based fintech Tech For Change has decided to refocus its business on stablecoin-based investments. Hitherto reserved for a confidential clientele, the eco Account – offering a 7.20% return with no commitment – is now open to all. With 300 customers already and monthly growth of 10%, Tech For Change is democratizing investment in digital assets. And to further simplify the experience, iPhone and Android applications have just been launched, enabling users to easily manage and track their investments.
Investing in digital assets is easy and requires no technical expertise
Investing in digital assets can seem complex for many investors, who have to navigate concepts such as blockchain, digital wallets, private keys and cryptocurrency platforms. This complexity often holds back those wishing to take advantage of the potential, despite the growing interest in this type of asset.
What’s more, the multitude of stablecoins and platforms further complicates the selection process. With the eco Account, everything becomes simple: a transfer in euros is all it takes to invest, without having to master the underlying technology.
The ongoing stablecoin revolution
Stablecoins, cryptocurrencies backed by currencies such as the US dollar or the euro, stand out for their stability, a major advantage over the volatility of other cryptocurrencies. This stability makes them ideal for day-to-day transactions, financial exchanges and as a store of value, while benefiting from the advantages of digital assets: transparency, lower costs, speed, accessibility, liquidity and security.
The combination of these qualities makes stablecoins an increasingly attractive option. With $50 billion exchanged daily, their use is exploding. Global leaders such as PayPal, with its PYUSD, and BlackRock, the world’s largest asset management company (>$10,000 billion), with its BUIDL, are positioning themselves on this booming market. In France, Société Générale-Forge also launched its EURCV stablecoin in February 2024, backed by the euro.
How do you get a high-performance return from these relatively constant assets?
The eco Account offers an annual return of 7.20%, thanks to two levers: exchange fees between stablecoins and staking.
In concrete terms, customers acquire tokens representing stakes in “liquidity pools”, the digital equivalent of exchange offices for stablecoins. These pools generate daily returns based on the transactions carried out. The eco Account’s diversified portfolio is made up of 15 different liquidity pools, each offering a different source of return. By making a simple transfer, investors gain access to a portfolio of high-yield digital assets, managed and held securely by the company on their behalf.
Performance, but also impact
Since its creation in 2019, fintech Tech For Change has set itself the mission of offering dematerialized financial services that are simple, high-performance and impactful. Backed by Bpifrance and the American gas pedal Techstars (which supports 3,700 companies valued at $115 billion, including 20 unicorns), Tech For Change is one of the fast-growing players.
After launching the canB solidarity current account in 2021, the company is now focusing on its flagship product, the “eco Account”. Registered as a Prestataire de Services sur Actifs Numériques (PSAN), Tech For Change has successfully passed the Autorité des Marchés Financiers (AMF) process, which notably assesses the technical architecture, team, service providers and procedures for combating money laundering and the financing of terrorism.
In addition to its attractive yield of 7.20%, the Compte eco is committed to the environment: 3% of the yield generated is devoted to the purchase of KLIMA and BCT (Base Carbon Tons) carbon credits, with total transparency thanks to the publication of these transactions. An approach that combines financial performance with a contribution to decarbonizing the planet.
Press contact
Frédéric Schrapp
T. 01 86 47 27 30
To download the applications, follow the links:
https://apps.apple.com/fr/app/compte-eco/id6502818331
https://play.google.com/store/apps/details?id=com.compteeco.prod
