Satispay expands further in investments: it will be possible to purchase "portions" of gold and crypto

MILAN – First payments, then welfare, then savings and investments. Satispay continues to expand its reach and is now expanding with two new product families: commodities and cryptocurrencies.

Specifically, through the app it will be possible to purchase fractional shares starting from one euro of ETPs with underlying raw materials such as gold, silver, oil, coffee and wheat and the major cryptocurrencies such as Bitcoin and Ethereum).

"With over six hundred thousand people already investing on Satispay, we see every day how important simplicity is for making good financial decisions. The interest in raw materials such as gold in the crypto world is real and widespread, but we often come up against tools that are not very intuitive or with the idea that large capital is needed", explains Alberto Dalmasso, CEO of Satispay.

"With this launch - he adds - we offer a clear answer: products that can be tradable on the financial markets and accessible even starting from one euro, to give everyone the opportunity to diversify their portfolio with simplicity and transparency. We believe that making the world of investments simple and accessible, even for those who want to start with small amounts, is a concrete form of financial education".

In essence, the service extends what is already possible from the platform with shares through ETFs, given that it is possible to make fractional micro investments.

“Unlike the direct purchase of the underlying assets, which requires you to store them yourself (for example physical gold in safes or cryptocurrencies in wallets), the user purchases financial instruments traded on markets that replicate or track the price performance of the underlying asset”. explains the company in a statement

The costs

As for costs, Satispay uses a fixed commission system: 0.89 euros for each purchase or sale order, regardless of the amount invested, in addition to any annual costs applied by the issuer of the product (explained in the relevant key document for investors).

For recurring purchase plans (PACs), transaction fees will be eliminated on a selection of ETCs and ETNs, the two categories of ETPs linked to commodities and cryptocurrencies.

For those who have a subscription plan, the monthly transactions available without commission also include those relating to new products