BUX Zero Launches in Italy as European Expansion Continues

BUX, an emerging European fintech company, has launched its zero-fee trading platform in Italy, further expanding its footprint in the continent.

Announced on Tuesday, it is the eighth European market where the fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term company has launched its BUX Zero app. The platform was first launched in 2019 in the company’s home country, the Netherlands. Then, it took the services to other European markets; Ireland and Spain were added to the list last year.

The app is tailored for both experienced investors, as well as beginners and is powered by its own back-end broker. Additionally, the platform is offering fractional investment into the equities market that might drive the retail demand further.

On top of that, the platform added support for trading cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term earlier this year.

Growing Investment Sentiment in Italy

“Our presence in Italy comes against a backdrop of high inflation and dwindling trust in pension systems and traditional banks. That’s why it’s vital that Italian investors have access to an intuitive app like BUX Zero,” said Yorick Naeff, the CEO at BUX.

“We expect to appeal to a range of different users, from experienced investors attracted by our low fees, through to new investors, who are entering the markets for the first time. We’ll be here to guide them through the basics and give them the confidence to build a better financial future.”

Moreover, the Italy launch came when the demand for investment within the population of the country is rising. It highlighted the findings of a survey that revealed that 53 percent of Italians plan to start investing in the next twelve months.

Meanwhile, BUX is focused on strengthening its leadership. Most recently, the company hired the former ABN AMRO Clearing executive, Niek van Rens as the Chief Operations Officer. Furthermore, it onboarded Dan Zbijowski as the Chief Marketing Officer and Alvaro Vidal as Country Manager for Spain.