Popular digital remittance company, TransferGo is all set to become the first remittance based company to offer cryptocurrency trading services offering ethereum, bitcoin, XRP and litecoin, following huge demand from users.
Meeting customer needs
The founder and CEO of TransferGo Daumantas Dvilinskas spoke about the exponentially increasing demand for cryptocurrencies in a podcast interview with Daybreak Europe. He said, “Our clients wanted it”. When asked the customers, they told that they wanted to buy cryptocurrencies. He said,
“As a platform, they [cryptocuurencies] are here to stay. And as a platform, we want to be a very easy and user-friendly way for consumers to get access to these. Which ones will succeed or fail, that’s a completely different topic.”
With the increase of a thousand customers per day, TransferGo has greater than 65,000 users. Out of these 65,000, more than 4000 have signed up for the new service in the first few hours. This new service offers support in more than seven languages and is available on Android and iOS. The remittance service follows the application of KYC and AML policies on the new trading services. Dvilinskas said that he has a long-term perspective on cryptocurrencies. Also, the remittance service is separate from the cryptocurrency service. Through this, the customers will buy cryptocurrencies for their personal use instead of sending it to someone else in other countries.
Dvilinskas said on the account of Brexit, there will be a “reshuffle” of people across the continent of Europe. Despite the dominance of the UK in the remittance market, parts of Europe are observed to be active as the maximum demand for remittances is from the continent. Citing Scandinavia and Germany, he said, “What we see now is people are moving away and choosing other countries to work”. He added that blockchain will become the new tool of information exchange.