UK-based service TransferGo has reportedly become the world’s first remittance operator to offer crypto trading, Bloomberg reported July 27.
TransferGo now lets customers buy and sell five major cryptocurrencies –– Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC).
A remittance is the transfer of money from a foreign worker to another individual across international borders.
In 2017, global remittance flows to developing countries reached a massive $466 billion.
Previously in June, Qiwi Blockchain Teсhnologies (QBT), a subsidiary of major Russian fiat payment service provider Qiwi, reportedly launched a crypto investment bank built on a “classic investment banking model.” According to the firm’s CFO, the upcoming HASH platform will start offering crypto trading services in 2019, after the company obtains necessary licensing.
TransferGo, британская компания стала первым в мире оператором денежных переводов, предлагающим торговлю криптовалютами, сообщает Bloomberg. Теперь пользователям TransferGo будут доступны операции с пятью основными цифровыми валютами — Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH) и Litecoin (LTC).
Британская компания TransferGo стала «первым в мире» сервисом денежных переводов, который предложил своим пользователям возможность покупки и продажи криптовалют. Через приложение TransferGo клиентам сервиса стали доступны биткоин, Bitcoin Cash, Ethereum, XRP и Litecoin, сообщает Finextra.
Glassnode says XRP’s market structure mirrors February 2022, with short-term buyers accumulating below 6–12M holders and $2 acting as a key stress zone. Blockchain analytics firm Glassnode reported Monday that XRP (XRP) has returned to a cost-basis configuration last observed…
It is a bearish Monday for the cryptocurrency market as the major cryptocurrencies are currently in the red. Bitcoin dipped to the $92k level, while XRP briefly retested the January 2nd low following an excellent start to the year.
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XRP price moved into a correction after falling by over 15% from its highest level this year despite the encouraging Ripple news. Ripple (XRP) token dropped to $2.0520, much lower than the year-to-date high of $2.4. Its market capitalization has…
US Senate debate over a bill called the Clarity Act has reignited discussion about XRP and other crypto products, and how they might be treated under US rules. Related Reading: Ethereum Staking Hits Record Levels As Buterin Urges Builders To Deliver Real Apps Reports have disclosed that the bill could give clearer status to tokens that back US-listed ETFs, moving them closer to commodity-style treatment.
XRP has become the default trading chip of South Korea, bypassing Bitcoin and Ethereum to dominate the country’s high-velocity retail market. While institutional capital worldwide typically gravitates toward Bitcoin as a store of value, South Korean trading patterns tell a different story.
For a market that usually moves in one direction, some voices are starting to say this time might look a little different. Canary Capital CEO Steven McClurg said XRP could move on a different path from Bitcoin this year, pointing to enterprise use cases as a key reason.
