Ethereum (ETH) Staking, AI enhanced Investment, Wealthtech Products to be Offered by Austria’s Bitpanda

Austrian digital asset firm Bitpanda is reportedly planning to invest $10 million in order establish a dedicated AI unit.

Bitpanda explained that the new unit will aim to provide a suite of AI-enhanced products and investing solutions, including personalized investment ideas, automated portfolio strategies, as well as real-time market analysis.

The initial product to be offered is a conversational wealth coach intended for guiding personalized investment options for clients.

Eric Demuth, co-CEO and founder of Bitpanda stated:

“Historically, investing was only for wealthy people, but fintechs like Bitpanda made it accessible to everyone thanks to blockchain technology. AI is the next technology that will reshape personal finance. Today, personal wealth managers are only for the rich, but we will change that by making them accessible to everyone. AI driven, fully personalised, and accessible 24/7 from the phones in their pockets.”

In another recent update, Bitpanda notes that after completing its planned transition to Proof of Stake, known as the Shanghai upgrade, Ethereum (ETH) is now “available to stake on Bitpanda, bringing to the total number of staking assets to 28 coins and tokens that generate rewards.”

Ethereum successfully “completed the Shanghai upgrade in April, marking the final phase of its transition from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism.”

The Shanghai upgrade “allowed users who have deposited ETH to the Ethereum network via staking to withdraw their staked deposits as well as the rewards they have earned by staking ETH.”

Following the successful deployment, Ethereum’s Shanghai upgrade “brought a record-breaking weekly inflow of ETH deposits for staking, mainly driven by institutional staking service providers and investors reinvesting rewards after withdrawal.”

With 28 new and existing staking options, and the chance to earn up to 50% APY Bitpanda now claims it “offers one of the largest numbers of staking coins in the world.”

Along with a wide range of staking assets, Bitpanda says it offers “a simple, secure staking option for new and experienced investors.”

You may take advantage of booster and weekly rewards, “no warm-up period, and the opportunity to earn more staking rewards by becoming a BEST VIP.”

Plus, they regularly “add new assets for staking, giving you even more ways to earn and diversify your portfolio.”

For more details, check here.

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