RCS - Mode Global Holdings - Mode launches 0% fees & partners with A Pompliano

R8 Capital InvestmentsAnnouncement

17/11/2021 07:05

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RNS Number : 5992S  Mode Global Holdings PLC  17 November 2021

Mode Global Holdings PLC

("Mode" or "the Company" or "the Group")

 

Mode launches 0% trading fees and partners with Bitcoin investor, Anthony
Pompliano

 

-     Mode to lower trading fees to 0% as part of a strategic move to
attract new customers and further remove barriers associated with buying
Bitcoin

-     Mode to become one of the most competitive apps to buy Bitcoin in
the market

-     The Company also partners with influential Bitcoin investor Anthony
Pompliano

 

Mode Global Holdings PLC (LSE:MODE), the LSE-listed Fintech Group, announces
that from today customers will be able to enjoy 0% trading fees when buying
and selling Bitcoin, as part of a limited time campaign to make Bitcoin more
accessible to millions across the UK.

 

From today, the 17th November until 31st December 2021, Mode will be removing
its 0.99% trading fee, instead offering users 0% in trading fees when they buy
and sell Bitcoin via the Mode app.

 

Bitcoin trading fees have reached highs of 4.99%, resulting in significant
additional costs for cryptocurrency investors. The elimination of fees aims to
remove pain points in the adoption of Bitcoin, particularly for new entrants,
establishing Mode as one of the most competitive Bitcoin wallets in the UK
market, as well as increasing its user base and trading volumes.

 

Additionally, Mode has partnered with entrepreneur, investor and host of The
Pomp Podcast, Anthony Pompliano, as part of a campaign to raise Mode's brand
awareness and accelerate the adoption of Bitcoin. Pompliano's podcast has
reached over 30 million downloads since its launch and covers topics relating
to business, finance and Bitcoin. The collaboration will see Mode working with
Pompliano to tap into and expand the growing Bitcoin market.

 

Ryan Moore, CEO of Mode, commented: "Now more than ever we are focused on
getting Bitcoin into the hands of millions. Our goal is to remove the barriers
and make it appealing for new and existing Bitcoin holders to confidently
enter the Bitcoin world and maximise their holdings. We've already made our
app intuitive for Bitcoin newcomers, and we've pledged to reduce our carbon
emissions, so that users can grow their Bitcoin without harming the
environment. With this campaign, we hope to remove even more barriers and
accelerate the adoption of Bitcoin in the UK."

 

This announcement comes after the launch of Mode's Bitcoin Cashback feature,
which allows users to earn Bitcoin risk-free, by paying with Mode at its
partner brands, including Myprotein, Lookfantastic and TheHut.com.

 

 

About the Pomp Podcast:

 

The Pomp Podcast is one of the top podcasts in business and investing. In his
daily show, Pomp speaks with the most interesting voices across tech, business
and finance industries. Former guests include Mark Cuban, Chamath
Palihapitiya, Cathie Wood, Keith Rabois, and Michael Saylor. Listeners hear
straight from billionaires, industry leaders and cultural icons on what drives
their success. The show is available on anthonypompliano.com/podcast
(http://anthonypompliano.com/podcast)  or on any platform where you get your
podcasts.

 

About Mode:

 

Mode is an LSE-listed fintech company on a mission to build the world's most
disruptive ecosystem where exchanging value and growing wealth is seamless for
all. Mode is leveraging the power of Bitcoin and Open Banking to deliver on
this mission and offer customers in the UK a one-stop app to shop, earn and
grow Bitcoin, all in one place. For businesses, Mode provides a cheaper, safer
and smarter alternative to card payments that rewards shoppers with Bitcoin
Cashback.

 

To learn more, visit our customer/business site at www.modeapp.com
(http://www.modeapp.com/) or our investor site at www.modeplc.com
(http://www.modeplc.com/) .

 

Ends

 

Contact

Maitland/AMO (PR): Alasdair Todd or Kate Pledger: mode@maitland.co.uk

 

 

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