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American Personal Finance Company SoFi Adds Tezos To Its Invest Platform

American personal finance company SoFi (Social Finance) has added Tezos to its invest platform. Tezos is one of 20 crypto assets that have been added to the platform.

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SoFi

SoFi (Social Finance) are an American personal finance company based in San Francisco.

SoFi offer “a suite of financial products that includes student loan refinancing, mortgages, personal loans, credit card, investing and banking through both their mobile app and desktop interfaces”.

SoFi recently benefited from the RobinHood drama and enjoyed over 121,000 downloads in a month as a result.

Just recently Chamath Palihapitiya’s SPAC IPOE spiked after setting date for SoFi vote. SPACs are ‘Special Purpose Acquisition Companies’ and IPOE announced in early January that it would take SoFi public at $8.65B valuation.

SoFi sees some of the highest revenue of so called Fintech Neo Banking Apps:

SoFi And Tezos

SoFi recently announced that 15 new coins had dropped onto the app to add to the 5 existing coins and one of those coins included Tezos. On listing any crypto assets SoFi state:

“We generally evaluate cryptocurrencies on a number of key factors before we decide they should be made available to trade on the SoFi Invest platform:

  • Feasibility: We can establish a custody and trading solution with a trusted partner (e.g., Coinbase, which does not trade Dogecoin).
  • Asset Values: The asset aligns with SoFi’s values, such as promoting financial inclusion and economic freedom.
  • Legal and Compliance: We can legally offer the asset, per SoFi Crypto’s current licensing.
  • Market Supply: Meets liquidity standards, including market capitalization and distribution of volume.
  • Market Demand: Demand internally from both SoFi members and externally from developers, the community, and external stakeholders.
  • Technology: The code is open-source with a demonstrated track record of governance, scalability, security, and backed by a strong engineering team and growing community of contributors.”

The full list of coins included:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Litecoin (LTC)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Uniswap (UNI)
  • Filecoin (FIL)
  • Stellar (XLM)
  • Aave (AAVE)
  • Cosmos (ATOM)
  • Tezos (XTZ)
  • The Graph (GRT)
  • Algorand (ALGO)
  • Basic Attention Token (BAT)
  • Compound (COMP)
  • Maker (MKR)
  • finance (YFI)
  • Synthetix (SNX)

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Disclaimer

Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

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