Briefing

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U.K.-based TransferGo became first remittance platform to offer cryptocurrency trading for five major cryptocurrencies on mobile app

August 15, 2018

Briefing:
  • Crypto Trading Service - U.K.-based TransferGo became first remittance company to allow users to trade cryptocurrencies in platform
  • Traded Cryptocurrencies – Include Bitcoin, Bitcoin Cash, Ethereum, Ripple, and Litecoin
  • Mobile App Trading – Available on TransferGo mobile app for iOS and Android
  • TransferGo Background – Facilitates money transfers between 650,000 users from 45 European countries and 22 non-European countries
  • Size of Remittances – Had processed over £500 million ($647 million) in online transfers via web and app as of 2017, achieving run-rate of 1 million remittances per year
Business Model and Practices: Managed Product Portfolios
Sector: Financial Services
Organization: TransferGo
Source:

Original Publication Date: July 27, 2018

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