Safe, Easy and Inexpensive Digital Banking for Nomadic Souls

Secure, convenient, low-cost banking for Nomads and International Travellers 

If the online shopping bug hadn’t bitten you before, it probably bit you during a certain unnamed pandemic. Many of us are now shopping online, and some are back on the road where the flexibility to purchase on and offline in another currency is even more essential. The same goes for nomads and workers abroad.

Breaking down barriers with online neobanks

Loads of people are looking for the flexibility they need with digital banking. In fact, according to research by AT Kearney, over 80 million people will use neobanks in Europe by 2023. But that’s just Europe. Asia, for example, is an extraordinarily advanced digital banking market. Unfortunately, some countries and regions cannot say the same. 

One example is Latin America, where, in many countries, the US dollar has long been a safe haven. In this region, digital banking is just now picking up speed. So say “hello” to a host of new travel destinations without financial worries. Quppy is helping to level the playing field with its US dollar wallet capabilities, instant SWIFT transactions, and prepaid payment card.

And, unfortunately, the most powerful governments in the world have found that the financial system is one of the most effective ways to respond to geopolitical moves that are not to their liking. For example, suppose you’re in Eastern Europe and the Balkans, where political posturing and threats of sanctions have appeared in the news more and more frequently. In that case, you might be thinking about how to protect your money from excessive inflation or restrictions placed on traditional banks. (Today’s sanction news centres on Bosnia and Russia, but who knows what tomorrow will bring).

Mobile banking can help you weather the storm by allowing you to diversify your currency holdings. So if you work in, or travel frequently to, places where the local economy is weakened or under threat, holding currencies in safe, relatively stable currencies like GBP, USD and EUR can help you protect your wealth.

When cryptocurrencies have your back

Living and working in any world region where economic instability is a concern might also lead you to explore cryptocurrency. Using crypto as a store of funds, though volatile, may help you avoid trouble with a local currency. But even more critical than a store of funds, using cryptocurrencies for international and local transfers can help you avoid troubles that may affect local banks.

While local banks are highly regulated and controlled by governments (in other words, centralised), cryptocurrencies have the advantage of being run on peer-to-peer networks (in other words, decentralised). And while traditional banks exercise a lot of control over your bank transfers, cryptocurrency transfers are controlled by a global network of people. This peer-to-peer network is not subject to the same rules, regulations, and sanctions that traditional banks are.

Note that cryptocurrencies are still very volatile compared to major world currencies like EUR, USD and GBP, and there are a lot of risks involved. However, there are cases when holding and transferring funds in cryptocurrency are much more favourable than traditional transfers. 

If you’d like to read more about the risks and benefits of cryptocurrencies, we recommend starting with this article:

Contactless payment

Long gone are the days of travellers’ cheques (does anyone still remember those?), but we still find ourselves carrying around loads of cards and hiding cash while we travel. That’s not ideal, especially in large cities where pickpockets seem to be getting more creative by the year. Mobile payment eliminates the need to carry around 10 different backup payment methods. 

One Quppy prepaid card for contactless payments and the mobile app for SWIFT and SEPA transactions means you have all the tools you need in one convenient app. Just guard your phone safely and stop carrying around that bulky wallet in your pocket.

But isn’t mobile banking inherently dangerous?

Quppy is a convenient app created with security built-in at every step. Quppy uses decentralised storage technology to keep your transaction data safe. Quppy financial services are managed and maintained through a peer-to-peer network, which helps to protect your data from attackers who want to steal or alter transaction data.

And if you’re holding digital currencies like Bitcoin and Ethereum, you can rest assured knowing that your private keys are stored on your device rather than on a server. That means your keys will stay safe even in the event of an attack on the wallet server.

Quppy abroad

Safer ecommerce transactions

If you’re abroad and find it easier to purchase groceries, gifts, and everyday items online, Quppy is a safe app that provides a payment card auto-selector. The machine learning built into the auto-selector understands both which card you’ve chosen to use in previous transactions with the vendor and the best security option for any given situation. The auto-selector picks a virtual payment card in cases where the payment processor permits it. This is the safest method of paying as the card is disposable. Should your card details find their way into the wrong hands, taking action to prevent them from making a payment is easy and immediate.

A host of crypto and fiat currencies at your fingertips

Quppy makes multi-currency IBAN accounts easy to open, so you can easily top up your accounts with new income and hold your money in a desirable currency with less associated risk. 

Multiple countries, safer transactions

Going mobile with Quppy means a safe, diversified, decentralised and convenient way to manage your money, no matter what country you’re in today and where you might appear tomorrow!  Stay in touch with our team to hear about the exciting new features coming out in the next year: sign up for our newsletter here.

Quppy: An App for Your Financial Well-Being

Do you know someone who is good with money? It’s like they always know exactly what to do to invest and make their money grow. Ah, money! Can’t live without it, but it doesn’t manage itself…or does it?

With the emergence of smart financial apps and technology, smart saving and spending are becoming more accessible to the rest of us. And that’s just what people want. According to research done by major agencies like Deloitte, the demand is rising for digital solutions in payments and finances.   

And mobile is the missing piece. According to a study by Zogby Analytics, 54% of Millennials would pay for items with their mobile device as a mobile wallet instead of credit cards and cheques if those services were made available to them.

Speaking of mobile wallets, Quppy started out strong with a multicurrency wallet and payment app, but our team is working non-stop to drop new features every year. Our vision is to become a one-stop shop for financial services. And we’re already doing great with multicurrency IBAN accounts and cryptocurrency wallets all rolled into one clean interface. (That’s right, crypto is NOT an afterthought here!) But our vision doesn’t stop there

We want our users to have access to the same great advice and market data that used to be reserved for people who hired financial advisers. So here are some up-and-coming features we’re excited to share. Let’s start with our robo-advisor. 

What is a robo-advisor?

Think of it as an automatic finance coach! Or, if you prefer, a guardian of your financial well-being. 

Technically speaking, a robo-advisor is a smart algorithm that gives you advice to help balance your portfolio, or even make transactions for you, with your approval, of course. Robo-advisors base their decisions on your investing goals, risk profile, and basic investing information. An initial survey about your goals and Artificial Intelligence help robo-advisors learn your financial habits, help you better those habits, and take actions that help you save money in smart ways. 

Why people love their robo-advisors

Big investment banks are already using Robo-advisors as a lower-cost alternative to human advisors. Outside of investment banking, robo-advisors can help you make smarter everyday transactions. For example, if you receive a monthly salary or payment in Euros, and put a certain amount of that money in a US dollar EFT, your robo-advisor will recognise that habit and help you do it automatically.

Plus, robo-advisors can go further to help you save money by, for example, only making this transaction when there is a maximum, favourable EUR-USD exchange rate. Maybe that’s only a $5 difference today, but imagine having that kind of power across all of your transactions! It adds up quickly.

Why a hands-off approach might be the best option

We humans are an emotional bunch! We tend to make in-the-moment decisions when it comes to our money. And although investing always involves risk, time after time, economic experts say that long-term thinking is a more secure way to invest. We know it isn’t easy. That’s where an advisor, human or digital, can act as the “head” to balance our “hearts”.

Did we mention it’s automatic?

Some days it feels like time is the most valuable asset of all. If you know you should be saving money and focusing on investments, but you don’t want to have to read the Financial Times every day, robo-advisors are one way you can incorporate smarter finance decisions into your life… without lifting a finger! Quppy’s robo-advisor will use AI to learn about your habits and make the right decisions and recommendations for your financial profile.

Bonus! Other Quppy features to get excited about

Quppy account aggregator

What? You’re using accounts from other banks and apps!? It’s ok, we won’t judge. 

But we can help you see the big picture with our account aggregation feature, set for release in late 2022. Just open Quppy to see a snapshot of all the account balances in your portfolio. One password, one app, one view. We like to keep it simple. 

P2P lending 

Quppy is also on track to put lending in the hands of the people. P2P (peer-to-peer) lending means that people can get small loans and financing without the approval and paper trail of a bank loan. That means you don’t need to have a high and steady income to get access to the funds to start the next chapter of your life. 

Prepaid payment card

We admit it isn’t quite so digital, but our payment card is on the way. We recognise that there are times when you simply need a physical card to make payments. Get on the waitlist to get your card today.

Quppy vaults

Set some money aside in easy-to-use vaults, where you can save money in your favourite currency, in a safe sub-account, separate from the IBAN account that you do your spending from. It’s a great way for freelancers to set aside money for taxes, create a “cushion” of savings, just in case, or even easily see how you’re progressing towards purchasing that cool new bike. Your vault is your space to keep a firm eye on your savings.
Do these features sound useful? Sign up for our newsletter to stay in touch on the great features we already have, plus more new releases in the future. Quppy assists you in managing your money as effectively as possible.

Be a Better Budgeter with Quppy

Everyone can benefit from budgeting. But it doesn’t have to devour your entire lifestyle! So don’t worry; you won’t be clipping coupons for the rest of your life. To achieve your financial goal, you must change your thinking.

It can also be fun! We’ll show you the way. 

If budgeting is new for you, read about some benefits here. But this article is all about the practical tips for getting started.

Start budgeting today with these tips

Make a list

Set aside a couple of hours now, and you’ll thank yourself later. Make a list of everything you spend money on. Categorize your spending habits. There are apps and websites that can help you do this, but we’ve found pen and paper or a note-taking app work just as well.

First, consider the obvious things like rent, bills, transport, groceries, dog food, and cat litter. Then make sure to include lifestyle expenses, such as your gym memberships, new clothing, accessories as well as that new food delivery habit you’ve picked up. 😉 (We see you!) 

Make sure you’re aware of all your subscriptions. Disney Plus and Spotify are great if you’re using them often. But sometimes, it’s easy to subscribe and forget. So make sure to include those recurring expenses!

And don’t forget about the stuff that only happens every year or two. Insurance payments, trips to the health clinic, or that immigration lawyer. This is the tricky stuff that is easy to forget but really adds up.

Check it twice

Once you’ve got a LONG list of expenses, you’ll probably be in shock for a few minutes, but get yourself together! Because now it’s time to categorise your expenses. Use highlighters in your app or some colourful pens to divide everything in your list into three categories:

  1. Need it
  2. Love it
  3. I’ll survive without it

This practice is great to do regularly to just check-in and be conscious of your spending. It’s easy to lose track of how you’re spending money, especially with easy digital payments. But once you think it through carefully, you’ll be one step closer to having a budgeting mindset.

“Need it” and “love it” expenses should definitely be a part of your budget. But think about whether you can cut out the “survive without it” expenses. You could use that money towards your goal of a trip to South America or a down payment on a new apartment. 

Having said that, we’re not here to judge. It’s up to YOU to prioritise what you want in your life. Because sometimes those daily lattes or singing lessons, actually DO add value to your life. The most important thing is to be aware of your expenses and evaluate them regularly to make sure they add value later on.

The magical envelope trick

Now it’s time to categorise a bit further and start setting money aside for each expense. Envelope budgeting is a tried-and-true trick from paper-based technology (read: cash and postal envelopes) but has gotten even easier with payment apps like Quppy. Instead of physical envelopes, you can use vaults to set money aside.

Let’s say you have rent and bills to cover, but you’re not a huge spender otherwise. Perhaps you send some money to your family every month. And every once in a while you like to go out and have some fun with friends. So you might have an envelope for rent and utilities, another for family, another for food and home supplies, and a fourth for “fun”. By budgeting for each, you’ll be more aware of how you’re spending in the future. And by dedicating a virtual envelope to each category, you’ll be more likely to stay within your budget.

The best part of all this is that it’s easy to make a habit out of it. Dare we say you might even have fun doing it? When income arrives in your account, divide it up, and you’re done! Once you’ve put your money in an envelope (or digital vault), you’re much less likely to “reach in” and use that money for something else. 

Uh-oh. I saved too much…

Let’s say you used our tips and did such a good job budgeting that now you have a surplus. Congrats! You can save it for an emergency, donate it to charity, or — our personal favourite — make your money grow by investing. Even if it’s just a tiny amount at a time, it’s ok. Micro investing has become a major trend that we love. Because we think investing should be accessible to everyone. 

Investing and budgeting – double up your savings power

Investing is a risk, and you should only invest what you’re comfortable with potentially losing. But to miss out on cryptocurrency and stock market trends that are helping other people earn money, especially with rising inflation, means you’ll always be a step or two behind.

One thing you should know is that cryptocurrency is speculation. Nobody knows what will happen. However, a big part of investing is taking a bet on your investments being worth much more than what you bought them for. So if you don’t love the idea of relying solely on paychecks, look at how you can put your money to work for you. And be sure not to put it all in a single coin, stock, or fund. Nobody wants to put all their eggs in one basket. 

Quppy is a great place to transfer money from a traditional currency to crypto and, if you are aware of the risk, see where crypto will take you in the future. Just make sure it won’t set you back if you lose some of it, and be sure to keep your emotions out of it. There will be volatility, and you have to be able to take a deep breath instead of rushing to transact.

“But I don’t have enough money to start”

Sure, some people are born rich. Everyone else just has to work a bit harder. (And it’s worth noting that even the rich have to work not to lose it all!) 

Some people feel that investing the 5-10-or-50 Euros they save each month is pointless. Well, it isn’t. Every little bit counts, and that’s not just a cliche. 

Our advice is to start NOW. Because the sooner you start, the sooner you’ll see your wealth grow! Markets can go up and down fast, but over time, lower-risk investments do rise over the long term. And that means the longer your money is invested, the more it will grow. So if you are curious about investing, it’s time to start now. And if it’s within your power, consider investing a minimum amount monthly and treating that as a fixed expense. That way, you won’t forget about your investment strategy.

Last but not least? Go have fun and enjoy your new perspective on money. We can’t wait to see you succeed. 

Want more budgeting and finance advice? Or want to hear what cool, new features Quppy has in store for you to help you manage your money? Then sign up for our newsletter and stay in touch! 

A Digital Bank for Financial Inclusion

Banking for all! It sounds pretty basic, but unfortunately, access to financial services isn’t a given for everyone. Therefore, far-reaching financial inclusion remains an ideal that we strive for.

Financial inclusion is the “means to having universal access to reasonably-priced financial services, provided by sound and sustainable institutions” – according to the Handbook of Blockchain, Digital Finance, and Inclusion, Volume 1, 2018.

In other words, there are still many people around the world who don’t have access to good financial services at a reasonable price. 

If you’re thinking about a remote country with no bank branches, you’re right. However, there’s much more to being “underbanked” than this. Anyone in a low-income family will not be able to get a loan without a struggle or the burden of unfair interest rates. In addition, formerly incarcerated people find themselves excluded from many services. Someone who went through bankruptcy in the past isn’t going to secure funding or potentially even open an account. And an adult who had poor spending habits 20 years ago and still has a poor credit score, as a result, is going to be turned away. Even someone without a permanent address is out of luck.

So, if you’re underbanked or unfairly served, take a deep breath. You are definitely not alone. Traditional financial institutions unfairly serve millions and millions of people.

You know as well as anyone that you can’t get much done in a money-centric society or move ahead without access to reliable banking. And, we’re sorry to say that money under the mattress has never qualified as safe savings or financial stability.

Quppy believes everyone should have safe, appropriately-priced digital banking services, and to us, that’s the definition of digital financial inclusion.

Why you should hold more than one currency

“Don’t put all your eggs in one basket.”

  • Someone Smart

Not every country has the luxury of running on a relatively stable currency. Countries where there is hyperinflation or a lack of trust in the local currency, are two examples. The latter sentiment explains why the US dollar has long been seen as a reserve currency in countries around the globe. People are looking for financial stability.

How can you get more stability in your wallet? Diversification is a smart bet even for people who do have easy access to stable currencies. For the same reason, people invest in the stock market or hold money in a foreign currency. It’s just good thinking to have a backup. 

And let’s go digital for a moment. Many people, for example, believe that cryptocurrency is the future, so they hold reserves in Bitcoin, Ethereum or numerous Altcoins. 

So financial inclusion gives everyone worldwide access to a wider variety of stable fiat (traditional) and digital currencies and the peace of mind they provide.

Speaking of cryptocurrency… blockchain has been the key to financial inclusion for years

Lower-fee transfers

Cryptocurrencies have been used to send money to friends and family at a very low cost among people who cannot open a traditional bank account or for people who don’t want to pay exorbitant fees at a traditional bank or through using other payment services.

P2P Lending

Peer-to-peer, or P2P, lending is when an online service lets individuals or businesses borrow money. It doesn’t involve a traditional bank, and therefore, borrowing costs are typically much lower than borrowing from a bank. P2P lending often involves borrowing fiat currency, but there are also decentralised services available for borrowing cryptocurrency. There are a lot of services putting borrowing back into the hands of people, which provides underbanked populations with the opportunity to borrow and so begin their next project. 

P2P lending means you can borrow money without needing to go to people in your network to start living on your own terms financially. And it’s already a widely used service, but it’s going to explode. The Center for Financial Inclusion estimates the US market alone will grow to as much as one trillion dollars by 2025. Talk about a disruption in traditional banking!

More financial stability

And, of course, the cryptocurrency world is volatile, but compared to some national currencies, it may be seen as safer or more profitable.

What is important to you?

Banking can help you do so many things. It can give you the capital to make a down payment or invest in starting or growing your own business. It can help you send money back home or receive money when you need it most. And it can help you grow and plan your future.

The earlier you start thinking about what you want, the easier it will be to achieve your goals. Quppy is a decentralized digital bank that allows you to hold multiple currencies, buy and sell cryptocurrency, and send and receive money with ease, no matter your current situation. All you need is the app and a solid internet connection to get started. There will be a brief check on your identity but, don’t worry, we aren’t going to interrogate you about your credit history. 

Putting power back into your hands

Quppy is growing each year on its way to reaching its goal of being the best all-in-one digital banking app. That means, as a Quppy customer, you’ll soon have access to a host of new services, including P2P lending and Quppy’s AI mentor, which will recommend steps to take to reach your personal financial goals.

It’s time to start living your life with a money app that suits your lifestyle. Get things done and start planning the future you want with Quppy. Sign up for our newsletter to stay in touch

Banking When Life Happens in More Than One Country

We live in a very mobile society. That’s awesome! But, with the rise of remote work and education abroad, if we don’t already live in two or more countries, we’re likely thinking about it.

Who hasn’t at least thought about working from a secluded island’s beach?

At Quppy, we’re serious about helping those who wish to work, study, or simply live overseas.

Whether you’re pursuing dual nationality, studying abroad, or just residing somewhere different for a while, you’ll need to live life in another currency. It sounds like something that’s easy enough to manage, right? Unfortunately, there is still a lot of frustration involved in waiting for slow currency transfers, extra fees, or having to spend two hours deciding the best way to send and receive money from family, friends or customers in their preferred currency. Keep reading to find out what to expect when banking in another country and get some quick tips for your multi-country banking strategy.

The problem with brick-and-mortar banking abroad

There are some reasons that you need to open a local bank account, for example receiving your salary or doing tax reporting in certain jurisdictions. However, there are so many more reasons to use digital banking instead. For everyday banking, a digital bank like Quppy, lets you do your day-to-day “spending and receiving” much more comfortably. Here’s how digital banking beats opening a traditional franchise bank account abroad. 

Time is money

Visits to the bank, even with a premium account, often come with wait times comparable to the doctor’s office. And if your bank isn’t around the corner, there’s travel time, too. Many people say they feel more comfortable doing transactions face-to-face, but licensed digital banks that have solid identification procedures to prevent fraud are perfectly safe. So why would you spend an hour travelling to the bank and waiting around, when you can set up instant transactions on Quppy in under a minute. Faster for you, faster for recipients. It’s a win-win!

Could you repeat that please?

You shouldn’t have to learn a new language to do simple banking transactions. Unless you’re one of the lucky few who already speak the language, banking terminology is difficult to master. Don’t give up on your language goals, but in the meantime, digital banking is a great way to keep banking in your own language while you live abroad. 

Currency diversification with ease

Need access to another currency? Expect sky-high exchange rates at the bank office. In many banks, they’ll tell you directly that you’ll get a better rate at the street-corner exchange office. But then you have to worry about walking around with a bunch of cash, high commissions and other shady business. 

That means cryptocurrency too

And if you’re interested in holding cryptocurrencies, digital banking is leagues ahead of physical banking. Brick-and-mortar banks are still sceptical of cryptocurrencies but rarely offer you the opportunity to trade and invest. So if you’re looking for a more diversified way to spend, send, and receive, Quppy lets you do it all in one place.

High transaction fees

The traditional banking system makes a lot of its money on fees. Even in your home country, you know what happens. Suddenly there’s a fee you’ve never heard of before on your account, and you can’t do anything about it.

Quppy has zero fees on fiat account transactions. If you make frequent transactions, the savings add up. 

Ok, but couldn’t you use a dedicated online money transfer service? Sure, but Quppy carries out transactions instantly and within the same app you use for your other daily transactions. 

Oh, the paperwork! 🙄

The paperwork and background checks involved in opening a bank account can be really painful, depending on where you’re living. Even within the European Union and Eurozone, banking systems and protocols vary widely from country to country. So, especially if you’ll be travelling through multiple countries, the digital bank on your mobile phone will be your new best friend.

Multi-currency neobanks for the win!

Be aware that some digital banks are made for your new home country. But those single-currency neobanks won’t do much to help you when you go back home to visit friends and family or end up moving to a third country. 

When you open a neobank, look for true multicurrency IBANs. This means you’ll be able to open several separate accounts within one simple app. Having accounts with 5 different banks may sound cool, but in the end, you’ll be overwhelmed.

Quppy is a multi-currency IBAN provider that is reliable, safe, and easy to use. And our fees are ultra-transparent. Find out more here.

But why do I need a digital bank? Can’t I just use PayPal?

PayPal can be a useful service, don’t get us wrong! For certain recurring payments, it might help you out. However, when sending and receiving money in a currency other than your base currency, the payment service incurs high fees on conversions and simple transactions. So if you’re looking to save money, use funds in multiple currencies (digital and fiat), and have a better mobile app experience, a digital bank is going to give you more freedom. 

5 quick tips for banking abroad

  1. Do your research before you commit

If you find that you need to open a traditional bank account, ask people you trust before you open a bank account. Even better if you can do your research before you move to your new country because once you do the paperwork and open your new account, you probably won’t want to go through that process again when you find a better bank. Plus, if you want to switch, closing your first bank account in order to make the move may come with yet another high fee.

  1. Don’t close your home account quite yet

Even if you are planning to leave your home country for the long term, don’t close your home accounts too quickly. You never know if you’ll need it in a pinch. With your home and digital accounts, you’ll have all the everyday services you need, especially if you’re just getting set up in your new home.

  1. Balance brick-and-mortar and digital banking to save money

Open a brick and mortar bank only if you know it will serve a purpose, e.g. you need to buy property, qualify for a loan, or your new home requires a local bank for tax purposes. But do your everyday transactions with your favourite multi-currency digital bank so you save on fees, can work with multiple currencies more easily, and save loads of time. 

  1. Be prepared for commissions. 

If you choose brick-and-mortar banking, make sure you do your budgeting and keep extra expenses in mind, including fees and commissions. This is another area to really do your research before you commit. International expat forums can be a great place to find the answers you’re looking for. 

  1. Skip the stress and go mobile with a multi-currency digital bank

Wait times be gone! Choose a multi-currency, multi-IBAN mobile bank to get the majority of your banking done in one place, with an interface you’ll love. Sign up for the Quppy newsletter to keep up to date with the cool new features we’re adding to our service in the near future. We’ll see you online!

Personalised Banking for Smart Simplifiers

Personal finance can be confusing even for ultra-organised people. But it doesn’t have to be. 

Spend a couple of days doing a “spring cleaning” for your finances. Way more fun than actual cleaning, you’ll have a chance to reconnect with your money and see what you can be doing better.

We have five tips to share to help you simplify your financial goals, save time, and save some money, too.

5 tips for people who want to simplify their finances 

  1. Don’t get swept up in every new trend

It’s so easy to do. You’re on YouTube watching personal finance channels, or you’re 14 articles deep in a cryptocurrency blog, and you’re feeling the hype. It’s ok. We’ve all been there. 

Money and investment are emotional for many people. So, the first thing you can do to simplify your financial outlook is to separate numbers from emotions. The second thing you can do is think about the long term. Making small investments in stable currencies and strong cryptocurrencies now may add up in the future. 

So, what can you do now? Adopt the less-is-more policy. For example, instead of buying up the cryptocurrency that came out yesterday and rose 600%, invest in cryptocurrencies that have been around for a while and have less probability of falling out of fashion. That way, your investments will have more solid prospects for the future. 

A little bit of risk can be good in finance, but if you find yourself chasing every trend, ask yourself whether the strategy is really serving you.

  1. Focus on one goal at a time

Having a financial goal is excellent! Goals are great motivators that can help you change your financial situation and your life. But, unfortunately, it is possible to have too many goals. If you’re working on six goals at once, you’re less likely to get ahead with any of them. Then you’ll end up getting stressed out. And stress makes you more likely to give up.

So, don’t stress! Instead, get picky. Make a list of your goals, dividing them into long-term and short-term goals. Then, take a day to think about which one is the most important to you in both timeframes. When you pick one short-term goal, you can focus on it with all of your energy. Then, when you achieve your first goal, you can move to another.

  1. Use an app that lets you consolidate

Try to manage as many of the assets you have within just a handful of apps. Try to limit yourself to three apps or less. Why? Because having ten different apps means you’ll spend ten times as much effort just keeping track of your portfolio. 

Today’s apps are spread out and specialised — built to handle one or two types of transactions really well. For example, crypto wallets do crypto super well, and P2P lending apps do transfers super well. BUT it’s rare to find an app that does a wider variety of transactions… and does them well. That’s one of the reasons Quppy was created. Quppy helps people manage multiple financial assets from one secure digital payment wallet, including USD, GBP and EUR, as well as fan-favourite digital currencies, like Bitcoin and Ethereum. Do your research and find an app you love and trust to handle a wider variety of assets. You’ll save a lot of time and memory on your phone, too.

4. Set up auto-payments and auto-savings

Consider treating your savings like another bill if you’re planning to save up for a milestone purchase or want to have some extra money in your savings account. In many countries auto-payments are common, and money is directly debited from your account to pay utilities, insurance, or other regular bills.

But why shouldn’t we set up an automatic self-payment? Set aside an account and set up a recurring transfer into it every month. Sit back and watch your money grow without any effort. Take this step even further by setting up a monthly auto-transfer into an appreciating asset or investment account.

5. DON’T simplify spending

Wait a minute, didn’t we say we were trying to simplify things?  One great trick to help you reduce spending and use your money for goals (or whatever is most important to you) is to actually stop making spending so easy by cutting down on subscriptions that aren’t core bills like insurance and utilities. 

It seems like everything is a subscription these days. You can reorder goods and services without actually having to do anything. Your music and entertainment services are probably subscription-based. And it’s super convenient, but the problem is you’re not lifting a finger, and meanwhile, your money is leaving your bank account. 

The other hidden problem with subscriptions is once you sign up, they’re easy to forget. And if you don’t pay attention, subscriptions can add up fast. One month you’re signing up for Spotify, then two years later, you suddenly have about 15 subscriptions! None of them is too expensive, but none of them is helping you reach your goals, either. 

Make a list of your subscriptions and see what you can cut out starting next month.  

Small changes really add up

A lot of these tips ask you to make a list and consider what’s most important to you. The practices of creating a financial inventory and prioritising are vital to having a smarter, simpler portfolio that does all the work for you.

Quppy is all about making life easier for people who hold multiple currencies, whether for business or personal banking. You can check out our payment wallet on Android and iOS here.

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The Money App That Loves Freedom

If your definition of freedom includes traveling, doing remote work abroad, or being able to do global work on your terms, you’ve probably hit a few roadblocks when it comes to setting up your finances.

The truth is, neither traditional banks nor most apps live up to your expectations of being able to switch between currencies easily. So Quppy is here to help you use your money, in the way that works best for you.

Whether you are a freelancer or run a business that serves clients in several different markets, or you like to travel, you need access to your money whenever and wherever you are. We’ve got your back!

One app for this, another app for that 

There are loads of fintech — that stands for financial technology — apps out there in the App Store, Play Store, and on the web. But some of the most popular fintech apps are really good at one thing. Some of them are perfect for your US dollars but not too helpful with Euros. Some of them are great for currency exchange. Others are great for trading cryptocurrencies. And others are just a reliable way for you to see your account balances side-by-side. 

But, let’s face it. Having ten different apps for your day-to-day transactions is definitely not our idea of freedom! You spend more time comparing balances and trying to remember your passwords than actually managing your money. 

Put it all together in one convenient app

Lucky you! Now there’s Quppy, the app that does it all. Let’s show you why customers trust Quppy to manage a wider variety of currencies:

Choose your currency (and, no, we don’t just mean fiat)

Tens of thousands of people use Quppy to open free IBAN accounts in GBP, USD, or EUR. Load as much money as you need into each one, then make exchanges or payments online or with the prepaid Quppy bank card, coming in Spring 2022.

Use your multicurrency IBANs to receive money from international customers and clients, and use Quppy’s simple interface to easily keep track of incoming and outgoing funds for each one, all in one place.

Into digital currencies? We thought so! Whether you’re just dipping your toes in the crypto pool or already have a portfolio, Quppy lets you import your wallets and open new ones with the most popular currencies, like Bitcoin, Bitcoin Cash, Litecoin, and of course, Ethereum. 

Use Bitcoin or Ethereum (or any of the cryptocurrencies we serve) to send money or convert it into other currencies. You can even top up your mobile phone using your favourite cryptocurrency. We love to build our app based on customer feedback and are always looking to add the next digital currency to our portfolio. That means we’ll be introducing more useful digital currencies, like USDT, in the future.

Open the doors to Europe

Are you travelling soon or planning to work for European companies? Make life easier with seamless currency exchange available for both personal and business accounts.

Forget about exchange offices with confusing rates, built-in fees, and high commission. And don’t bother with terrible bank exchange rates. No need to download yet another app because Quppy has you covered. 

Move money between your IBAN accounts and start spending. It’s the best way to enjoy your travels and international work without worry.

Fewer fees, more fun!

By skipping out on the traditional bank experience, you’ll pay far fewer fees. For example, British Pounds and Euro IBAN accounts in Quppy have no charge for inbound and outbound transactions. USD accounts use SWIFT transfers, which are instant and free for all users.

As for crypto transactions, all you need to think about are network fees, which are fees that ensure miners get paid! These network fees will depend on the blockchain and currency that you’ve chosen to work with. 

Breathe easy with 24/7 support and best-in-class security

The Quppy team offers 24/7 support in multiple languages, on the web, and through the app. And the app is secure. Users must identify themselves according to AML (Anti-Money Laundering) and KYC (Know Your Customer) protocols, ensuring users are who they say they are. 

Plus, the Quppy app uses decentralised storage technology, which protects your transactions from security breaches and data loss. 

Grow your portfolio with us

We started out with two core currencies: Euros and Bitcoin. But look at us now! 

Quppy already has the coolest cross-currency features there are, combining the top cryptocurrencies. We’ve also expanded our IBAN services to multiple conventional (fiat) currencies. And we aren’t done yet! 

Be among the first to receive our prepaid bank card and look out for the AI mentor technology we’re working on, which makes personalised suggestions based on your portfolio. Quppy is the all-in-one banking solution, and we’re not stopping anytime soon. If your life happens in more than one country or you enjoy frequent travel – join us! 

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Your Goal is a Piece of Cake!

Reaching your personal finance goals is a lot easier when you have the right tools. Set yourself up for success with the right planning and technology to see the bigger picture in your finances.

The most important part of managing your finances is probably your mindset. Use our tips to achieve better financial performance by improving how you spend money, budgeting to save, and with smart investments.

Read on to discover tips for reaching your financial goals faster.

Start by reshaping your goals

Grab a notepad or note-taking app because we have three quick to-dos for you. 

  1. Choose your number one goal

Start by writing down the financial goal that is most important to you. Is it saving for retirement? Saving up for a down payment on a house or car? Building up an emergency fund? Investing 15% of your income? 

  1. Make your goal more specific

Have you ever heard of SMART goals?  It’s a way to make your goals more specific and achievable. 

For example, “Buy an apartment” sounds like a great goal, but it isn’t easy to measure. 

But “Save $25,000 for a down payment on an apartment by January 2035” is much easier to visualise and track. 

A SMART goal is Specific, Measurable, Attainable, Relevant and Time-bound. There are loads of articles online that can help you formulate a SMART goal. It’s worth the effort because the SMART method makes your goal feel more achievable and actionable.

  1. Now put your goal where you can see it

Now that your number one goal is SMARTer, write it down and put it in a place you can see every day. Whether it’s the background of your phone or a sticky note in your workspace, it will help you keep your goal in mind. This simple step can change your perspective. Then, when it’s time to make spending and saving decisions, you’ll see your goal and consider your next move carefully.

  1. Check on your finances regularly 

Schedule regular finance check-ups every month. Set up a spreadsheet and document the money you have in different accounts or lying around. We mean everything! That includes the cash hidden in your house!

Understanding precisely how much money you have from month to month allows you to get a broad view of how you are spending and saving without diving into the details. (That comes later, in budgeting). This practice also lets you see which accounts you are relying on most. 

In short, regular check-ups will help you make better decisions and motivate you to change your habits so you can reach that all-important goal of yours!

  1. Use apps that let you see your income and expenses more easily

Are investments a part of your strategy? Or are you receiving money and making payments in multiple currencies? If so, use an app that does it all. The more you can do in a single app, like Quppy, the less time it will take you to gather all of the information you need for your monthly check-ups.

Create better saving, spending and investment habits

Here are five easy ways to adjust your mindset around saving, spending, and investing your money. 

Investing to save money? 

  1. Diversify your cryptocurrency investments

Quppy lets you create and import multiple wallets, so you can keep your Ethereum, Bitcoin, Litecoin and other digital assets in one place. You probably already know that having five separate wallets is a pain!  Quppy makes it easier to monitor the health of your investments.

  1. Avoid rumours and hype

Investing, unfortunately, can be a very emotional thing. That’s why when markets go up, people buy, and when markets go down, people begin to panic and sell. Try to keep your emotions out of investing and put your money in stocks, cryptocurrencies, or other assets with a plan to invest for the long term.

Are you more focused on savings?

  1. Start thinking about saving money as a must, not a dream

You pay your rent and bills every month; why not pick an amount to “owe” your savings account? Work with a percentage of your salary, or a fixed amount if it’s easier. 

The act of making a monthly transfer will keep you connected with your goal. Or, if you’d rather set it and forget it, set up an automatic transfer to your savings account, so you don’t have to think about it. Then, in a few months, you’ll be pleasantly surprised to see your new account balance!

Reconsider your spending habits 😬

  1. Track what comes in, and more importantly what goes ou

Money is digital now, and many people don’t even touch cash on a daily basis. So it can be difficult to really understand how much money we’re spending because we aren’t seeing and feeling physical bills or coins when we pay for things.

Just because digital transactions are more convenient doesn’t mean you should stop thinking about costs. In fact, if you’re working toward a financial goal, one of the single most important things you can do is start carefully tracking what you’re spending your money on, so you can reevaluate what is really important to you… the extra night out, or saving up for a vacation. And did you know that by using finance apps, you may actually spend less money over time? It pays to keep track of your money.

  1. Invest your time into your goals by budgeting

Set a strict budget once you’ve gotten the hang of tracking spend and have a better idea of what you’d like to cut back on to reach your goals. It may not sound like fun, but you can start a contract with yourself by setting an upper limit to expenses like clothing, sports, food, and social activities. The simple act of budgeting puts you in control of your spending habits.

Put technology on your side with Quppy

Quppy is an all-in-one decentralised payment solution. It’s an app that lets you open IBAN accounts in multiple currencies, including EUR, GBP, USD and cryptocurrencies. The Quppy app makes it easier for you to see your investments at a glance and manage payments from multiple accounts conveniently in one place.

When it comes to your goals, knowledge is power

It might sound cliche, but it’s true! The first thing you need to know is your goal. When you really understand where you need to go, then you can start working on a roadmap to get you there. Then you can use the tips and tools from this article to get you there through smarter spending, saving and investments. The right mindset and technology will help make your goals feel far more achievable. And once you better understand your own financial performance, you’ll fall in love with the process of setting financial goals… and reaching them, too!

Learn more about how Quppy can help you streamline payments and investments. Sign up for our newsletter to stay in the know and receive more personal finance tips from our team. Plus, we’ll let you know when our AI Mentors feature is released. AI mentors help give personalised recommendations based on your financial profile.

Quppy Dissolves Financial Barriers

Financial freedom means different things to different people, and financial barriers — whatever is standing between you and financial freedom — are also a very personal concept. 

But one critical part of breaking down financial barriers is being able to manage money well. It involves some effort and building new habits around money, but anyone can learn to manage their money better. 

Technology can help make it happen. Mobile apps have made it a whole lot easier for people to track their finances, invest their money, and get a better picture of their financial health. However, there’s a drawback to the added convenience. The average adult in developed countries uses multiple finance apps, bank cards, and accounts, which makes routine financial check-ups time-consuming.

The key to achieving your version of financial freedom is better money management. Finding an app that lets you do a broader range of transactions in one place makes it easier. 

Introducing Quppy, the do-more, stress-less finance app

Quppy (pronounced Q.P.) is an all-in-one decentralised payment solution. The Quppy app lets you open IBAN accounts in several currencies, buy & sell the most popular digital currencies, and send money with ease.

Why Quppy was created

The Quppy team built the app with the idea that people should be able to use a single digital banking application to access all of the financial and investment services they need. It allows people to consolidate their cards and accounts within one easy-to-use interface. 

Quppy helps you breathe easier

Let’s explore some of Quppy’s users’ favourite features.

Aggregate your USD, GBP, EUR accounts and crypto wallets

Apps are supposed to make life easier. But if you have to have a separate app for every type of transaction, it can slow you down. Quppy lets you work in a variety of currencies and make a range of transactions. 

Use Quppy to open new IBAN accounts in GBP, USD, or EUR and load money into them so you can make exchanges or payments using the prepaid Quppy bank card.

And manage your crypto portfolio, too. People who are just starting out in the world of cryptocurrencies can invest using a payment app they already trust to hold their traditional fiat currencies. People who already own digital currencies, like Bitcoin or Ethereum, can bring their wallets together into one app. Import wallets or open a new wallet right in Quppy. And use your cryptocurrency to send money or convert it into other currencies. You can even top up your mobile phone using your favourite digital currency!

Keep your money in a safe, decentralised app

Is it safe to manage your money on a mobile app? Quppy is a licensed app developed to be secure. In more technical terms, the app is built on decentralised storage technology.

What is decentralised storage technology?

A “centralised” technology is controlled by — or “centred” — around a single power, such as a government or a single bank. So “decentralised” means that the system is not owned or run by a single bank (e.g. Quppy). Instead, the service is managed and maintained through a peer-to-peer network, in which a distributed group of participants assumes the function of servers in a data centre. This dispersed approach helps to keep your data safer. Because decentralised storage technology stores transaction data in a distributed ledger, your data is protected from attackers who want to steal or alter transaction data.

In addition, private keys are stored on the client-side (on your device), rather than on the servers of your cryptocurrency wallet, which keeps your keys safe in the event of an attack on the wallet server.

Simply put, Quppy’s decentralised structure keeps your data and funds safe from potential attacks. 

In addition, Quppy uses AML (Anti-Money Laundering) and KYC (Know Your Customer) processes to verify the identity of all users. It’s a fast process, but one that’s essential to preventing financial crime and protecting Quppy customers.

In short? Quppy works hard to keep its app and customers ultra-safe.

Every cent counts! Rethink transaction fees

Traditional banks need to support their expensive operations, including dozens, hundreds, or even thousands of physical branch locations. That’s where online finance applications can help you save money, allowing you to do more with your money without worrying about yet another surprising fee.

Quppy, in particular, sets no minimum or maximum amount on transactions you make in Euros and British Pounds. And there are no internal fees or commissions. SEPA, SWIFT, and FPS transactions are fast and free, plus outbound transactions in Euros and Pounds are free of charge. There are fees for inbound transactions, but the Quppy fee works to keep them as low as possible.

Work more easily with seamless currency exchange

If you’re planning on travelling or working for international clients, you need a good way to exchange currencies. Unfortunately, exchange offices are often inconvenient and charge exorbitant commissions and offer ridiculous exchange rates. Quppy lets you open several IBAN accounts so you can use different currencies without needing to exchange them at all. And when you do need to make an exchange, you can do it instantly in the app.

Use all-in-one technology to make money management easier

There are many reasons technology can help you move toward your goals of financial freedom. 

Use an app that lets you track your USD, GBP, EUR and crypto portfolio regularly. By doing regular finance check-ups, you’re setting yourself up for financial success. Plus, working with multiple currencies and making new investments all in one app means breaking down your financial barriers will be faster, easier — and, dare we say, fun.

Our app is growing fast, and we’ve got some exciting new developments in the works! Stay in touch with Quppy and see how our app can help make finances easier. Sign up for our newsletter here.