TransferGo became the first remittance company in the world to facilitate cryptocurrency trading, which allows customers to buy and sell five of the main cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) , Litecoin (LTC) and Ripple (XRP).
TransferGo is a remittance company that is dedicated to transfer money from a foreign worker to another individual across international borders, now also allow the negotiation of cryptocurrencies.
However, it is important to clarify that the remittance service will be separated from the cryptocurrency service. This is available in the Android and iOS application versions.
According to the founder and CEO of TransferGo, Daumantas Dvilinskas, the new service was launched in response to the demand from its user base. He added: "Our innovation is based on empathy towards our clients and our approach is where there is a point of friction for them. With more than 4,000 users registering in the first hours, we can see that there is a strong demand in the market for a simple and reliable investment and negotiation solution ".
As Dvilinskas said, the new service will focus on simplicity and allow the client to invest in cryptocurrencies in the family environment that TransferGo intends to provide the user. This is combined with the Know Your Customer (KYC) and Anti-Money Laundering (AML) controls, which are the same as those used by the remittance application to ensure transparency with the regulators.
Currently the application has more than 600,000 users and is associated with thirty banks, also has a cash flow of $ 1000 million. The only point of sale of the application, or its main link is that it is the only money transfer company that can guarantee that the transaction will be made in 30 minutes.
"That kind of speed is highly valued in the international field of money transfers." Dvilinskas said: "We at TransferGo have already noticed the increase in the use of several mobile devices even exceeding the use in the last year, which leads us to our revolutionary decision to launch money transfers in real time for users and mobile devices. so we can serve our customers even better. "
Dvilinskas also said that his perspective on cryptocurrencies is long-term. For the CEO of the company, the cryptoactives are here to stay and therefore the application wants to be a simple way for consumers to have access to them. Stresses that "Which will succeed or fail, that's a different issue."