Remittance Firm Transfergo Launches Cryptocurrency Trading

Several companies took a decision to launch a cryptocurrency trading facility.

There are risks associated with cryptocurrencies that are given Transfer’s “dominant” position within the remittance industry.

Over the last five years efforts have been on to build a very vibrant customer group of more than 600,000 people who made use of for their remittances, in order to send money to their families back home, People are keen to do crypto with others as presently the market is highly underserved for a transparent, fair, and convenient solution for our current clients.

Remittance Firm Transfergo Launches Cryptocurrency

The Transfer looking out to provide support for Bitcoin Core (BTC), Bitcoin Cash (BCH), Ripple (XRP), and Litecoin (LTC). As far as the Transfer’s cryptocurrency trading product is concerned the remittance product and the crypto product are separate. The company has its own remittance product and also has the ability to buy and sell crypto in a very convenient way. Off late, the trend is not just too sending crypto to their friends and families, but to buy and sell them themselves.

Majority of the demand for the company to launch cryptocurrency was indeed coming from European countries thus wishing to send, and also emerging markets wishing to receive virtual currencies.

There are very long-term perspectives on crypto, and crypto does go through multiple waves. The idea is to provide our customers with a very easy as well as a consumer-friendly way to get access to cryptocurrencies. Cryptocurrencies will indeed remain.

Remittance Firm Transfergo Launches Cryptocurrency

TransferGo has no doubt made a pioneering step in the crypto sector, thus rolling out a virtual currency trading service. In response to strong demand for virtual currencies, the company now does allow customers to buy as well as sell five of the largest tokens by market capitalization’,

The cryptocurrencies offered at launch are Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP).

The crypto service is indeed an addition to the Android and iOS versions of the TransferGo app, which does allow users to buy and sell cryptocurrencies “within the familiar environment of the TransferGo user experience”.

The features popularly referred to as Know Your Customer (KYC) and Anti-Money Laundering (AML) policies are also the same as those that apply to the remittance service. TransferGo’s remittance and crypto products are indeed separate and the latter will not allow users to send crypto to their friends and families, but only perform trading transactions.

A long-term perspective on crypto has been adopted and one has observed crypto going through multiple waves. As a platform cryptocurrencies will continue. It shall be easy and user-friendly for consumers to get access.

With Bitcoin leading the pack, the cryptocurrency market is indeed growing, but investors do keep relentlessly searching for new opportunities.

FCoin Exchange, for instance, does boast of an innovative “trans-free mining” model and has also caught the eye of the Raised for Crypto and Blockchain community as it not only does offer a listing process but also shares 80% of its fee revenues with the token holders.

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About the Author: Jaya Nandini

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