Multi-asset investment platform and social network eToro is allegedly planning to launch a debit card in the second quarter of 2022.

On Dec. 9, Business Insider reported that the Britain-based digital asset trading platform's 12 one thousand thousand users will be able to spend their earnings via a debit bill of fare, planned for launch in Q2 of next year.

The service will reportedly launch in the Uk firt. However, other details about this planned debit bill of fare launch remain unclear.

EToro's global head of PR & communications, Amy Butler, confirmed to Cointelegraph that the company is indeed working on a debit card launch, only declined to provide more than details at this bespeak in time.

forty% of millennials might expect to crypto in the event of a recession

In September, eToro cited a survey on generational investment conducted from July eighteen to July 31 among 1,000 online investors in the U.s.a.., which suggested that xl% of millennials would prefer to invest in crypto assets in the result of a recession. Guy Hirsch, managing director of eToro U.S., said at the fourth dimension:

"We believe that if a recession were to occur, we'd see shrinking stock portfolios and growth in other asset classes like crypto, as well as new fractional ownership models. Historically, these investment opportunities accept been limited to loftier net worth and institutional investors, but innovation is unlocking these opportunities for everyday investors and clearly, these results bespeak that the need is there."

eToro acquires cryptocurrency portfolio app Delta

In November, eToro acquired cryptocurrency portfolio app Delta, a deal that was reportedly worth approximately $5 meg. The app tracks half dozen,000 different cryptocurrencies and tokens on 180 exchanges and would be integrated with the eToroX platform, which would enable users to merchandise from within the app.