UK-based service TransferGo has reportedly become the remittance operator to offer crypto trading, Bloomberg July 27.
TransferGo now lets customers buy and sell five major cryptocurrencies –– (BTC), (ETH), (XRP), (BCH), and (LTC).
According to TransferGo CEO and founder Daumantas Dvilinskas, the crypto trading option was launched “in response to demand from our user base”:
“With over 4,000 users signing up in the first few hours we can see there is a strong demand in the market for a simple and reliable investment and trading solution.”
Founded in 2012, currently has “over 600,000” registered users and is partnered with thirty banks.
A remittance is the transfer of money from a foreign worker to another individual across international borders. In 2017, global remittance flows to developing countries a massive $466 billion.
Earlier this week, the CEO of payment giant Ajaypal Banga smashed decentralized cryptocurrencies –– as opposed to state-issued calling them “junk.” Banga accused cryptocurrencies of “wild” volatility, claiming they do not “deserve” to be considered a medium of exchange.
Previously in June, Qiwi Blockchain Teсhnologies (QBT), a subsidiary of major Russian fiat payment service provider , reportedly a crypto investment bank built on a “classic investment banking model.” According to the firm’s CFO, the upcoming HASH platform will start offering crypto trading services in 2019, after the company obtains necessary licensing.
Published at Sat, 28 Jul 2018 12:42:00 +0000
