Virtual currencies keep expanding all over the world. This time, TransferGo, a recognized and important service based in London, announced that it will provide a new platform to trade cryptocurrencies. The information has been released on July the 27th and will include Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Ripple (XRP), and Litecoin (LTC).
TransferGo’s Crypto Trading Facility
After informing this implementation, the company became the world’s first remittance company that is offering a crypto trading facility. The decision has been taken by the company in order to meet the demand from its clients.
Daumantas Dvilinskas, founder and CEO of TransferGo, commented:
“We’ve launched this cryptocurrency trading facility in response to demand from our user base. Our innovation is driven by empathy for our customers and our focus is wherever there’s a point of friction for them. 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.”
It is important to mention that Dvilinskas made a clear distinction between the remittance and cryptocurrency service. He explained that the customers will not be sending and receiving virtual currencies from relatives internationally. Instead, they will only be buying and selling for their own purpose.
The facility will be focused on simplicity, and it will enable customers to invest in virtual currencies in an easy and friendly way. Currently, TransferGo operates in 7 different languages and can be used with a phone, via email or through Facebook.
Dvilinskas said that they have a long term perspective and that they want to create an accessible and user-friendly solution for users to access the market.
At the moment, the trading facility will be available for iOS and Android users that have downloaded the TransferGo app. It is important to mention that the KYC and AML policies are the same for the remittance services.
Since the beginning of the year, the market lost 51% of its total value moving from $610 billion dollars to $297 billion dollars on July the 29th.