Crypto Trading Added By UK Remittance Service



UK-based service TransferGo has reportedly become the world�s first remittance operator to offer crypto trading, Bloomberg reported  July twenty seven.

TransferGo currently lets customers buy and sell 5 major cryptocurrencies �� Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin cash (BCH), and Litecoin (LTC).

According to TransferGo chief executive officer and founder Daumantas Dvilinskas, the crypto trading choice 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, TransferGo presently has �over 600,000� registered users and is partnered with thirty banks.

A remittance is that the transfer of cash from a foreign employee to a different individual across international borders. In 2017, international remittance flows to developing countries reached an enormous $466 billion.

Earlier in the week, the chief executive officer of payment giant Mastercard 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 thought of a medium of exchange.

Previously in June, Qiwi Blockchain Te?hnologies (QBT), a subsidiary of major Russian fiat payment service supplier Qiwi, reportedly launched a crypto investment bank designed on a �classic investment banking model.� according to the firm�s chief financial officer, the forthcoming HASH platform will begin offering crypto trading services in 2019, after the company obtains necessary licensing.

Comments

Post a Comment

Popular posts from this blog

Merchants are Legally Allowed to Accept Bitcoin and Crypto In China

Image
As reported by CnLedger, a trusted cryptocurrency news source in China, the country�s merchants will legally accept crypto as a payment methodology. According to local reports, the Shenzhen Court of International Arbitration officially recognized Bitcoin as a property, allowing people and businesses to own and transfer Bitcoin without being in conflict with existing financial regulations. �Chinese court confirms Bitcoin is protected by law. Shenzhen Court of International Arbitration ruled a case involving cryptos. Inside the verdict: CN law doesn't forbid owning & transferring bitcoin, that should be protected by law as a result of ofits property nature and economic value.� Circulation and the Payment of Bitcoin in China isn't illegal Katherine Wu, a cryptocurrency researcher at Messari, translated and analyzed court documents released by the Shenzhen Court of International Arbitration to delve into the reasoning behind the decision of the intermediator to consider Bit...
Read more

Western Bank System Could �Bypass� By China�s Digital Currency Said Circle CEO

Image
Circle chief executive officer Jeremy Allaire says the U.S. lagging behind China�s development of a national digital currency may alter the way Western companies transfer payments. Speaking on The Global Coin analysis podcast in the week, Allaire said China is setting the pace in the development of a digital currency equivalent of its fiat currency, the renminbi, and will shortly bypass Western rules through direct settlements. Allaire also said Circle continues to be interested in the development of stablecoins, such as its USD Coin. �[Circle] also believes that the major reserve currencies of the world, the most important trade currencies of the world, would become digital currencies,� Allaire said. �A digital currency version of renminbi that runs on software platforms that can be run over the internet, it really creates an opportunity for China and Chinese companies . . . and bypass the western banking system.� Earlier this month, the People�s Bank of China declared it was wrapping...
Read more

New Ethereum miner would use only one-eighth of the power consumed by Bitmain�s devices and Profit would be 6 times more than previous.

Image
Chen Min, the previous chief chip maker at Bitcoin mining chip developer canaan creative, is turning her attention to Ethereum. Announcing her venture at the Ethereum Classic Summit in Seoul capital of South Korea, Chen�s new company, Linzhi, will target building cryptocurrency mining devices, and its first official product are a series of application-specific integrated circuit (ASIC) miners designed specifically for Ethereum and Ethereum Classic. Ethereum ASIC miners are comparatively new. The first group arrived five months ago in April by way of Bitcoin mining giant Bitmain. Known as Antminer E3s, they were 1st shipped out last July and cost approximately $800 per unit. The first batch sold  out soon despite many selling limits, as well as Bitmain�s �one unit per user� principle, and restrictions on shipping to both Taiwan and China. The company had been touting its new technology since early February. Susquehanna analyst Christopher Rolland was one of the first voices to brea...
Read more