As per wealthfront’s announcement, the SEC investment advisor, Wealthfront is supporting Coinbase wallets and account through which its users will get access to use financial planning tool to monitor the cryptocurrency transactions. This technique was created for those clients who want to extend their operations through the digital wallet system.
Further, such new features are available for the existing users as well as to those who are presently taking the benefit of financial service without any charges. However, only those users will able to access the full information, who have provided their Coinbase account details appropriately.
On Thursday, wealthfront informed to the users that they could take the support of Coinbase account concept which enables to help them perform an effective transaction.
According to the official announcement through one of the blog posts, Wealthfront explained their vision and how they assume such link to Coinbase accounts. The post read ” We want to help you optimize and automate your finances to ensure you reach your unique financial goals. To achieve that vision, we need to incorporate a comprehensive and constantly updated view of your finances. That’s why enhancements, like our new integration with Coinbase, are so important.”
Automated Financial Planning Solutions
Wealthfront explains about the benefits associated with the usage of an automated financial planning solution and what is the concept of improving it in the near future and with involvement “more data becomes available” with API. Further, while talking about the API options, Wealthfront quoted that: ” Access to your Coinbase account information is just the latest example. Over time you can count on us to incorporate far more data, from your accounts and third-party providers (like our recent announcement with Intuit’s TurboTax), to deliver even better financial advice.”
Earlier this week, wealthfront said in a report that their process concerning checking and savings accounts offers has already started, and the same will be implemented at the beginning of 2019.
Coinbase is in the news off-late and currently looks like have itself into a lot of areas. The crypto major, Coinbase is not linking with Wealthfront, but currently are also offering their pacing platform across six more European nations, increasing the scope of their platform to 33 countries worldwide.
Hence, the combined effect of Coinbase account along with the latest proposal of account checking and savings features has made wealthfront to become a fully automated firm which can receive direct payments and meanwhile they will be able to pay bills and can also make investments.