TransferGo launches instant-pay facility for Bitcoin (BTC), XRP, ETH, BCH and LTC
TransferGo, the money transferring app has introduced a new feature that will enable users to perform transactions of up to five cryptocurrencies—Bitcoin, Bitcoin Cash[BCH], Ripple’s XRP, and Litecoin[LTC], and Ethereum[ETH]. With this feature, one can float his/her own business of transferring cryptocurrencies. But the app does not support transactions of all virtual coins like XRP, said a report by Finextra.
Over 4,000 users signed up within hours of the apps’ roll out. Daumantas Dvilinskas, founder, and CEO of TransferGo said, “We’ve launched this cryptocurrency trading facility in response to demand from our user base. We can see there is a strong demand in the market for a simple and reliable investment and trading solution.”
The prime motive behind the offerings was to allow customers to invest in cryptocurrencies and it was seen that more than 6,50,000 users have performed transaction worth $1 billion. “That kind of speed is highly valued in the international money transfers sphere. We at TransferGo have already noticed the incremental increase in the use of various mobile devices, with mobile phones even overtaking desktop usage in the last year, leading to our revolutionary decision to launch close to real-time money transfers for desktop and mobile users, so we can serve our customers even better,” said Dvilinskas . It has been observed that users have been using this more in mobile phones than in desktop.
Instant Purchasing Power
The London-based remittance service, TransferGo, brings this new facility almost after a couple of years after it introduced TransferGo Now, a real-time payment facility with a delivery time of 30 minutes or less. The new crypto trading facility will bring down the delivery time further by almost offering an instant purchasing power to the users.
In breaking down barriers between senders and receivers, TransferGo is being projected as the market disruptor. The bespoke tech innovation and hedging technology, aimed at modernising the pace of money transfers have shot the Fintech firm to fame.
Boosting Crypto Use through remittances:
As per a CCN report, Bitcoin Foundation Chairman and cryptocurrency unicorn Broke Pierce had bestowed his faith on Bitcoin’s prospect of becoming more mainstream as remittance tool. Recently, Siam Commercial Bank (SCB) included sterling and euros in its blockchain remittance platform, powered by Ripple, to enable retail customers getting inbound remittances from Europe.
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