London Based Remittance Firm TransferGo Launches Cryptocurrency Trading

London Based Remittance Firm TransferGo Launches Cryptocurrency Trading

London is enhancing the crypto experience to its residents with plenty of offerings. The latest is by a London based remittance service called TransferGo which will provide a cryptocurrency trading service. It will be the first remittance provider in the world to offer crypto trading services.

TransferGo is a digital remittance solution that is regulated by the UK Financial Conduct Authority (FCA) launched by Justinas Lasevičius, Daumantas Dvilinskas, Arnas Lukoševičius and Edvinas Šeršniovas on 18 September 2012

It’s latest cryptocurrency trading service comes at a time when the founder of TransferGo himself Daumantas Dvilinskas expanded on strong demand for cryptocurrencies in a podcast interview with Daybreak Europe stating clearly, “Our clients wanted it.”

Dvilinskas stressed on the future of cryptocurrencies further saying, “As a platform, they’re here to stay. And as a platform, we want to be a very easy and user-friendly way for consumers to get access to these. Which ones will succeed or fail, that’s a completely different topic.”

The cryptocurrencies in offer will be the current popular ones which include bitcoin, ethereum, bitcoin cash, litecoin and XRP. Already more than 4,000 people have signed for the new service which supports seven languages, available on both Android and iOS and hence is breaking the language barriers with mobile usability.

TransferGo will cryptocurrencies further into the mainstream with its existing 65,000 customers with the further addition of 1,000 new customers being added daily.

What about London’s Brexit and its effect on remittances? According to Dvilinskas  TransferGo is targeted for the whole European continent and not just Britain as a whole.

“What we see now is people are moving away and choosing other countries to work,” he said, and thus shows that cryptocurrencies are becoming the latest technology to help exchanges in the financial industry.

The United Kingdom is seen to be going in the right direction with Blockchain. The latest of blockchain technology to be used by the UK is the use of smart contracts for a variety of governmental and day to day uses.

Image Source: “Flickr”

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