TransferGo allowed trading in BTC, ETH, XRP, BCH and LTC

TransferGo allowed crypto trading - CoinShot

As reported by Bloomberg on July 27, the British service TransferGo became the world’s first money transfer operator, which allowed crypto trading.

To date, TransferGo already allows its users to sell and buy the top five cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH) and Litecoin (LTC).

According to the founder and CEO of TransferGo Daumantas Dvilinskas, the crypto trading option was launched in response to a large demand from users of the service:

“From more than 4,000 users subscribing in the first few hours, we see that there is strong demand in the market for a simple and reliable solution for trade and investment.”

TransferGo is based in 2012 and currently has more than 600,000 registered users and cooperates with more than thirty banks.

Transfers are the transfer of money from a foreign worker to another person through international borders. In 2017 global flows of remittances to developing countries reached about $466 billion. Support TransferGo – Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH) and Litecoin (LTC), can significantly increase the capitalization of these cryptocurrencies soon.

As previously reported this week, the general manager of the payment giant Mastercard Ajaypal Banga, called decentralized cryptocurrencies “junk”. Banga said that cryptocurrencies “don’t deserve” to be considered a medium of exchange and accused them of “wild” volatility.

Recall that in June Qiwi Blockchain Technologies (QBT), a subsidiary of the largest Russian payment service provider Qiwi, launched a crypto investment bank based on the classical model of investment banking. According to the company’s CFO, the development of the HASH platform will begin offering crypto trade services in 2019, after the company receives the necessary licensing.