Vivid further enriches its offer by simplifying investments and allowing also invest in fractional precious metals. Initially, the German fintech app will provide the most well-known precious metals, namely gold and silver, with a trading window limited to weekdays. Subsequently, other metals will also arrive to be purchased in addition to the possibility of making purchases and sales even on weekends. The service, therefore, is set to expand significantly.
Precious metals available to Vivid clients
By leveraging the partnership with CM-Equity AG, Vivid aims to offer its users the possibility of invest in precious metals even without fiscally holding the desired assets starting from just a penny. Furthermore, for users there are no custody fees. It should be noted that the commissions, already very low for Standard users, are halved by choosing the Prime plan. The next step in the fintech growth plan involves the possibility of make payments directly from the Pocket dedicated to precious metals. In the future, the pocket will be linked to Vivid cards allowing the ability to make purchases by paying in gold, silver and other metals
The founder’s comment
Alexander Emeshev, co-founder of Vivid, comments on this novelty: “With fractional precious metals we reach another milestone in our roadmap, adding a key piece of our offer. We look forward to allowing our clients to trade these assets 7 days a week, which we are sure will be greatly appreciated. ”