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Opera Now Allows Android Users Buy Crypto Directly from Its Browser Built-In Wallet

Opera now allows android users buy crypto directly from its browser built-in wallet

Opera Now Allows Android Users Buy Crypto Directly from Its Browser Built-In Wallet

Photo: opera / youtube

Photo: Opera / YouTube

Norway-based Opera, known for making web browsers for mobile phones and PCs, has announced a new buying service for Android users. Now they can buy Ethereum directly from its browser-based wallet. Just a few clicks from the browser’s main menu is all you need to get coins.

Currently, the service is available for users in Sweden, Norway, and Denmark.

To make this launch, Opera partnered with Safello, safe and simple ₿itcoin exchange for European customers. As a result, users are allowed to make payments with credit and debit cards, along with “trusted” payment networks including Swish in Sweden.

Frank Schuil, CEO and co-founder of Safello, commented on the collaboration:

“Our solution will secure all transactions on the Opera browser through the same rigorous regulatory requirements that built trust with our customers. Users’ identities will be verified securely and seamlessly with BankID and NemID in the Nordics.”

He added:

“This integration puts the functionality to purchase crypto right at users’ fingertips. Safello will power transactions on the Opera mobile browser for Android in the fastest way possible — in less than 60 seconds. With the convenience of credit and debit card payments, and transfers over trusted payment networks, such as Swish in Sweden, we are bringing down barriers to ownership.”

To access the instant purchase function, users must first be signed up to the electronic identification system BankID, which operates in Norway and Sweden, or NemID, in Denmark. It is notable that the function of instant purchase requires paying a fee. Safello usually charges a 7 percent fee on the quick buy option, however, for a limited time, users in Sweden will be given a discounted fee of 2.5 percent from the exchange, while Danish and Norwegian users receive a discounted fee of 5 percent.

Charles Hamel, Opera’s product lead for crypto, explained how the idea to launch instant purchase functions appeared. The team identified the main hurdles to the mainstream adoption of crypto. These barriers include the separation of wallet and browser, a burdensome process of obtaining cryptocurrency, and difficult scaling of products.

Hamel said:

“We hope that by removing all this friction, developers will be able to reach a wider audience more easily, and in turn build new web3 services that have a more mainstream appeal.”

Currently, the function is being tested and is likely to be met with support and approval.

Opera’s built-in Ethereum crypto wallet has already got positive feedback. Launched in December 2018, the wallet maintains a high-security level. It gives users total control of their collectible keys and funds as they are all stored on their smartphone. Also, the wallet uses Android’s secure system lock that makes blockchain transactions easier. Therefore, users do not need any extra passwords or PIN codes.

Opera obviously has a lot of ambitions. Earlier, the company partnered with blockchain advisory and financial services firm Ledger Capital to explore possible blockchain applications. In the future, Opera plans to find more growth and development opportunities.

Published at Thu, 07 Feb 2019 10:39:40 +0000

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Ether Price Analysis: Eve and Adam Could Be Turning Back the Bulls

Ether Price Analysis

Since bottoming out around $200, ether has spent several weeks bouncing back and forth inside an ascending channel:

Figure_1 (15).JPGFigure 1: ETH-USD, 4-Hour Candles, Ascending Channel

For the last month and a half, ether’s trend has been contained within the bounds of this ascending channel, where it has continued its bullish rally. However, today (as of the time of this article) it is starting to make moves to aggressively test the lower boundary. Specifically, as ether tests this channel, it is forming a potential reversal pattern called an Eve-and-Adam Double Top.

Figure_2 (12).JPGFigure 2: ETH-USD, 1-Hour Candles, Eve-and-Adam Double Top

At the time of this article, ether is attempting to break the neckline (the pink dashed line) of the massive reversal pattern. Should ether break this neckline, the measured move from this pattern is a $30 move downward, which would ultimately shove ether outside the bullish ascending channel it has been trending within. The price target of the Double Top breakout would bring the ETH-USD price into the upper $200s.

On a macro scale, ether has support along the following Fibonacci levels:

Figure_3 (12).JPGFigure 3: ETH-USD, 4-Hour Candles, Fibonacci Levels

Should the ascending channel break, the above Fibonacci levels will provide support and will need to be tested in order to prove a bearish continuation. As of the time of this article, the Double Top mentioned in Figure 2 is sitting right on the 23 percent retracement values where it is making attempts at breaking it. There is strong support at these values, so if ether can break and hold below $315, it will send a strong bearish signal to the market.

Should the Double Top complete, we can expect a test of the 38 percent retracement values following the break of the ascending channel. At this time, the 4-hour MACD is showing strong bearish momentum on a macro scale, and the market is picking up sell volume.

Summary:

  1. For weeks, ether has been trending within an ascending channel.

  2. Ether is currently in the process of making a strong test of the ascending channel via an Eve-and-Adam Double Top reversal pattern.

  3. If the Double Top breaks downward, we can expect a break of the multi-week bullish channel and a test of the 38 percent Fibonacci Retracement values.

Trading and investing in digital assets like bitcoin, bitcoin cash and ether is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on bitcoin Magazine and BTC Media related sites do not necessarily reflect the opinion of BTC Media and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.

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