Financial service providers all over the world pay attention to new markets. The cryptocurrency world has been of keen interest to many companies in this regard. TransferGo, a remittance company, is the first of its kind to enable cryptocurrency trading. A total of five major cryptocurrencies are supported at this time.

It is good to see more companies focus on cryptocurrencies. Bitcoin and top altcoins are in great demand as of right now. Consumers want to buy and sell these currencies as conveniently as humanly possible. For TransferGo, implementing this functionality into its native offering makes a lot of sense at this stage.

TransferGo Welcomes Cryptocurrencies

The remittance service provider always keeps tabs on new revenue streams. The global appeal of Bitcoin makes it  a perfect tool for remittance transfers. That functionality is not being integrated. Instead, TransferGo focuses on letting users trade and purchase five major currencies. That list includes Bitcoin, Ethereum, XRP, Litecoin, and Bitcoin Cash.

TransferGo Founder and CEO Daumantas Dvilinskas adds:

“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.”

The traditional TransferGo customer service will also be extended to cryptocurrency support. Users can receive support in seven languages through phone, email, and Facebook. Both the Android and iOS version of TransferGo’s app support this new functionality. Users will need to adhere to the same KYC and AML policies as the ones associated with regular remittance transfers.

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About Author

JP Buntinx is a 30-year old FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he is working to achieve the same level of respect in the FinTech sector.

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