Sock – the self-custody financial app that acts as the hub for your digital currency and financial life – is now available internationally in over 30 countries across Europe, the Americas, and Asia with Bitcoin (BTC), the world’s most recognized cryptocurrency.
Bitcoin, which has recently hit its highest level this past year ahead of exchange-traded-fund approval, will be “offered to users in the safest way possible, ensuring they have self-custody over their funds.”
Sock’s latest advance into international markets and “with a Bitcoin offering comes on the heels of the company’s recent launch, alongside $2.8M in seed funding.”
Sock is a mobile investing app “offering investors of all levels a safer way to build wealth through crypto.”
The platform provides services that were once limited to centralized exchanges and other custodial fintech products, including:
- Educational Risk Scores: Sock helps users mitigate poor investment choices with objective, detailed descriptions and “Sock Risk Scores” for each token.
- Complete Control: The Sock platform is self-custodial, which means users have full authority over all of their assets and investments for a secure, safe and hassle-free financial experience.
- No Network Fees: Through the blockchain technology account abstraction, Sock is lowering potential losses and fees for most cryptocurrencies by getting rid of network fees when users transact as well as providing automated stop-loss and limit orders.
Globally, crypto has quickly become “more than just a mode of investment.”
Instead, it is considered “an actual way to store, retain, and grow that money, offering users the ability to hedge against inflation and the devaluation of their local currency as an alternative to their country’s reserve currency, especially across Central and South America.”
In combination with Sock’s user-friendly and safe platform and Bitcoin’s increased usage, the latest expansion “marks the platform’s ability to serve a broader range of financial use cases. We can anticipate this expansion will lead to the continued adoption and growth of Bitcoin use and its investment and as a daily-use form of payment and remittance.”
Bryan Levine, CEO and Co-founder of Sock, said:
“We are thrilled to be able to offer users a safer alternative for crypto investments globally. Bitcoin, in particular, holds a unique position in the crypto world. Its global reach transcends borders and as its use continues to surge we will see a direct correlation to its enhanced utility for daily use cases. As the first and most widely used digital currency, it enjoys a level of mainstream recognition and understanding that other cryptocurrencies simply don’t have. Our expansion into global markets and Bitcoin offering is an essential and important step towards realizing our vision of a financial system that empowers everyone with access to safe, unbiased, and fair financial services.”
As noted in the update, Sock is a mobile investing app “that helps casual crypto investors build wealth with crypto safely.”
Sock’s disruptive product approach and perspective “help investors protect themselves from market volatility, speculation, and scams so that they can build wealth without worrying about ever losing access to their money. Sock combines the simplicity of centralized exchanges with the safety and security of self-custody. Sock is breaking new ground by offering self-custodial versions of essential investment services like stop-loss, limit orders and risk assessments while ultimately giving users more control over their assets. The company was founded in 2022 and is headquartered in San Francisco. “