To much of our world, the importance of cryptocurrencies in e-business cannot receive enough emphasis. Of all the benefits of cryptocurrency-based transactions, decentralization and anonymity stand out the most. This explains why in countries where virtual currencies are illegal, the government almost always lays emphasis on them. While governments tend to become jittery as a result of those two unique features, a lot of investors prefer transacting in cryptocurrencies because of their ease of transfer. Consequently, the demand for cryptocurrencies is going across international borders. This makes them a must have. Well, users of TransferGo don’t want to be left out.
TransferGo Joins The Cryptocurrency Bandwagon
TransferGo, a UK-based remittance firm, is expaning its reach by incorporating cryptocurrencies into its operations. The firm selected five well-known cryptocurrencies, namely Bitcoin (BTC), Ether (ETH), Ripple (XRP), Bitcoin Cash (BCH) and Litecoin (LTC). The founder and CEO of the firm, Daumantus Dvilinskas, stated that the decision to add the five coins was due to increasing demands from of their customers.
Explaining Better
The chief executive admitted that cryptocurrencies offer simple, reliable trading and investment solutions. Speaking further, he revealed that the huge number of participants (4,000), signed up to crypto platform in just a few hours after its opening, indicating genuine interests.
Background Information
Ever since it launched in 2012, TransferGo’s client base has risen to over 600,000 registered users. TransferGo specializes in cross-border payments. The remittance firm secured partnership with some 30 banks to facilitate smooth operations across international borders. With loved ones, merchants, and freelancers scattered all over the world, TransferGo facilitates cross-border payments that is building trust with help from customer service excellence. In 2017, the company stated that the remittance to developing countries through its platform hit $466 billion.
What This Means For The Industry
By adding cryptocurrencies to TransferGo’s currency list, it means users can now send them out of country cheaply. With enabling seamless cross-border payments, cryptocurrencies are becoming a preferred payment instrument for traders and dealers who handle serious funds, but are separated faraway distances. Cryptocurrencies are becoming indispensable in our lives and more people around the world are increasingly accepting them as payment instrument. While fiat-currency transfers across borders take days to clear (due legal restriction and different ban protocols) cryptocurrency transfers happen in a flash.
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