UK Firm TransferGo Adds Support For 5 Crypto Tokens

TransferGo, a UK based remittance firm announced that it will be providing its customers a platform to trade in cryptocurrencies including Bitcoin, Ether, Bitcoin cash,XRP and Litecoin.

Daumantas Dvilinskas, the CEO and Founder of TransferGo made this announcement in a podcast interview with Bloomberg and said that crypto tokens are here to stay and because of the increasing demand for cryptocurrencies encouraged the remittance firm to incorporate a cryptocurrency trading platform.

During the podcast interview, Dvilinskas said that more than 4000 consumers signed up for this service within the first few hours after its launch. According to the company’s announcement, this enthusiasm from the users shows the high interest in cryptocurrencies today. It also indicates the need and demand in the market for a convenient and secure crypto trading platform. The CEO further added,

Our innovation is driven by empathy for our customers and our focus is wherever there’s a point of friction for them.

Currently, this service is available on both Android and iOS platforms. The users will have to follow the same KYC and AML procedures that exist for the existing services provided by TransferGo.

The CEO also explained the clear difference between the cryptocurrency and remittance service and said that customers won’t be sending crypto internationally to others, but just buying and selling them for their own use. He also added that the company has a long term outlook on cryptocurrencies and TransferGo wants to provide users with an accessible and user-friendly solution. However, while cryptocurrency fails or wins in the long run is a totally different story according to them.

He also mentioned that as of right now, Europe makes up most of TransferGo’s business, especially the U.K. He also said that most of the remittance service requests come from Europe. He also expressed his views on blockchain technology in the interview and said that he views it as a new means of information exchange.

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Pallavi Janiani

Pallavi Janiani

Content Writer
I am studying Business and psychology at the university of Minnesota. Apart from learning about how the economy and the human mind works, I spend my time dancing with my bollywood fusion team, reading, writing, traveling, usually with a cup of coffee in my hand.