TransferGo First Ever Payment Officer Providing Crypto Trading
TransferGo from the UK is now the first overseas payment operator ever to add cryptocurrency trading to their systems. The company will now permit its customers to purchase and sell a few of the top leading cryptocurrencies on the market.
Reports have stated that as of now, TransferGo is the first and only payment provider that offers cryptocurrency trading on its platform. The company provides five of the world’s top leading cryptocurrencies, including Bitcoin, Litecoin, and Ethereum.
Daumantas Dvilinskas, the company’s chief executive officer has explained that the latest addition was designed and implemented to satiate the growing demand from the company’s clients. According to him, the company saw more than four thousand registrations only a mere hour and in light of this, has displayed a robust need for quick, efficient and easy trading and investing alternatives.
The company was founded in 2016 as of now, houses more than 600K users and collaborates with 30 different financial institutions as part of its operations. Remittance services are solutions that enable funds to be transferred internationally. International remittance surged last year and resulted in almost $500B in profit.
Ajaypal Banga, the chief executive officer of Mastercard and long-time cryptocurrency oppose stated this week that he firmly does not believe in cryptocurrencies as a legitimate money and down talks their volatile natures. Last month, QBT of Qiwi, a massive fiat currency payment provider, launched an investment bank based on cryptocurrencies and a traditional method of investment banking. The company is set to begin providing digital currencies and their trading services next year due to incomplete licensing as of now.