Crowd2Fund has developed one of the first crowdfunding coins, “Smart Money,” exclusively for members of the Crowd2Fund Investor Club, according to the company’s press release. It entitles members to receive a coin about the size of a £2 piece which has an RFID (radio frequency identifier) chip built into it. Crowd2Fund is calling this “Smart Money.” Investors will be able to link their Crowd2Fund account to the coin so that funds can be spent directly from the platform in the same way money can be spent using a contactless credit card.
Initially the “Smart Money” will play a role similar to that of a loyalty card; however, the ultimate aim of developing the RFID-enabled coin is to find a more cost-effective way to make financial transfers for Crowd2Fund investors, potentially using blockchain and circumventing the traditional payments system. The technology being developed behind the “Smart Money” is the first of many areas of FinTech, other than crowdfunding, which Crowd2Fund is seeking to disrupt.
Becoming a member of the Investor Club allows you to gain access to a loyalty scheme exclusively open to individuals who have invested a significant amount on the platform. Benefits of the Investor Club will include rewards and special offers from luxury brands and businesses that have been funded via the platform. Tesla is one of the first companies who are interested in signing up. Members will be invited to exclusive investor events where they can meet other members of this selective club.
The first event, to launch the ‘Smart Money’ coin and Investor Club, takes place on 2nd of December at the exclusive Erata Galleries in Mayfair. The intimate setting will allow investors to find out more about the Investor Club and its benefits as well as watch demos of innovative disruptive businesses and network with like-minded peers.
Chris Hancock, CEO of Crowd2Fund said,
The launch of the Investor Club will allow us to offer a highly personal experience to our best customers. The crowdfunding industry is growing up, and it is important that the industry accommodates sophisticated investors who understand the risks of lending and investing online and have expectations of receiving a high level of service. There has been a lot of talk amongst investors about the ‘Smart Money” coin and we are proud to be able to finally reveal it and it’s benefits on Wednesday. We know investors will not be disappointed.