To enable its customers to buy and sell five digital currencies, TransferGo has rolled out a crypto trading facility. Users can trade bitcoin, bitcoin cash, Ripple, Litecoin and Ethereum through the service, according to reports.
The company’s iOS and Android apps allow users to access the new trading facility. And the anti-money laundering (AML) and know-your-customer (KYC) policies are reportedly the same as the company’s remittance services. The idea behind the service is to provide customers with a familiar environment to invest in cryptocurrencies. TransferGo, as it stands, reportedly has over 650,000 users and has completed money flow of $1 billion.
The news comes almost two years after TransferGo announced the addition of a real-time payment option called TransferGo NOW. The new service enabled customers to have almost instant purchasing power, with the real-time settlement taking TransferGo’s delivery time down to 30 minutes or less.
TransferGo is considered a disrupter in the money transfer industry, aiming to break down the barriers that often stand between senders and recipients of money. The FinTech firm has gained a reputation for using bespoke tech innovation and hedging technology to modernize the speed of money transfers.