web analytics

Meet Ben, a chatbot who lets you learn about cryptocurrency and Buy or Sell it

Meet Ben, a chatbot who lets you learn about cryptocurrency and Buy or Sell it

Chatbots became trendy last year and we quickly began seeing chatbots for weather, movie recommendations, personal finance, etc. Ben is a chatbot that lets anyone become familiar with cryptocurrency via a recognizable chat interface.

By talking with “Ben”, users can do things like take lessons and learn about cryptocurrency, read the latest industry news, and of course buy and sell Bitcoin.

By focusing on an underserved market (i.e people who have no idea what Bitcoin is or how to buy it) Ben has the unique advantage of not having to go head to head with established crypto titans like Coinbase or Circle.

The startup is part of Y Combinator’s Winter ’18 batch, and previously raised a $580K pre-seed from Third Kind Venture Capital and various angel investors.

After completing a KYC check (which is also done via chat) users in 21 states can buy and sell Bitcoin, with other states and support for Ethereum, Ripple, and Bitcoin Cash rolling out in the coming months. The startup charges 1% for buys and sells, which is in line or lower than most major exchanges.

The app also has a social feature where you can link with friends to see their returns (only on a percentage basis) to see who is a better investor.

User’s cryptocurrency is stored in the cloud but their private keys live only on their own personal device, which isn’t as secure as complete cold storage but does ensure that your bitcoin can’t be spent without someone having access to your phone. Ben also gives new users a backup seed to write down in case they lose their phone.

But Ben isn’t necessarily meant to support an experienced crypto user who has a high-value portfolio and needs advanced features and security.

Instead, the startup’s is to make buying and learning about cryptocurrency accessible to anyone, especially those without the technical knowledge or desire to spend the learning how an exchange world. And as natural language technology evolves Ben will be able to answer more and more questions over , making it a perfect on-ramp for people who need a little more hand holding before they open their wallet and trade their (actual) benjamins for a string of ones and zeros.

Credits: https://techcrunch.com/2018/03/22/ben-is-a-chatbot-that-lets-you-learn-about-and-buy-bitcoin/

blank
SNR

Linux & Windows Geek, Blogger & System Administrator

Leave your message

Scroll Up