The founder and chief executive officer of the remittance firm Transfergo, Daumantas devilinskas, said that they launch cryptocurrency trading facility and any user can buy and sell 5 cryptocurrencies on the platform. The Company included the Five Cryptocurrency such as – Bitcoin, Bitcoin Cash, Ethereum, Ripple (XRP), Litecoin.
Dumantas Dvilinskas gives official statement: “We have launched this cryptocurrency trading facility in demand of our users… our innovation is driven by empathy for our customers and our emphasis is whenever there’s a point of friction for them.”
According to sources, Rama said that this decision was taken by the user’s demand, Because Transfergo found that users who sent money to family members through their platform, were interested in using cryptocurrency to do this.
Dumantas Dvilinskas said that cryptocurrency is a” impartial, transparent and Suitable solution” for our customers. In the starting, user can face the problem of sending the crypto to their relatives but they can use the TransferGo App instead.
The CEO of the UK-based company further revealed people in Europe are looking to use cryptos to send money to developing nations. As CryptoGlobe covered, the cryptocurrency community, through charitable projects like eatBCH, has been sending funds to countries like Venezuela and Zimbabwe.
To TransferGo, a company with over 650,000 users growing 100% year-over-year, blockchain technology is “very exciting,” presumably because of its potential. Notably, its move comes shortly after payments service Skrill added cryptocurrency buy and sell options to its platform.
These join a growing number of financial services providers entering the cryptocurrency ecosystem. This year, zero-fee trading app Robinhood launched Robinhood Crypto, and is expanding it throughout the US. Square’s Cash app, headed by Twitter CEO Jack Dorsey, also started offering bitcoin buy and sell options, which as of May netted it $200,000