UK Remittance Service TransferGo Adds Crypto Trading

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).

According to TransferGo CEO and founder Daumantas Dvilinskas, the crypto trading option was launched “in response to demand from our user base”:

“With over 4,000 users signing up in the first few hours we can see there is a strong demand in the market for a simple and reliable investment and trading solution.”

Founded in 2012, TransferGo currently has “over 600,000” registered users and is partnered with thirty banks.

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…

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