TransferGo Payment Platform Boasts 650,000 Users & Adds Ripple (XRP), Ethereum (ETH), Bitcoin (BTC) And More
TransferGo is a famous global payment platform that was founded back in 2012, and it boasts 650,000 users all over the world. It also has at least 1,000 new users signing up on a daily basis.
They decided to provide its customer base with the option of buying crypto.
The platform allows people to send money in 47 countries including the U.S., Germany, China, and The U.K. TransferGo, stated that from now on, its customers would be able to purchase BTC, XRP, ETH, LTC, and BCH.
The Founder and CEO of TransferGo Daumantas Dvilinskas discussed the subject with Bloomberg and stated that the company added the crypto features to its iOS and Android apps because of really high customer demand.
“The reason why we launched crypto to the world is because our clients wanted it… With over 4,000 users signing up in the first few hours we can see there is a strong demand in the market for a simple and reliable investment and trading solution.”
For the moment the platform’s users are not able to deposit and withdraw their crypto.
TransferGo is a member of RippleNet
TransferGo is also a member of RippleNet, Ripple’s global network of banks and payment providers that are using the Interledger protocol in order to send cross-border payments.
Speaking of Ripple, Chief Market Strategist Cory Johnson recently had an interview with Fox Business in which he claimed that Ripple’s XRP token uses a better technology compared to the one of Bitcoin.
He also stated that XRP would have higher value over time, while BTC is breaking down slowly but surely.
Johnson claimed that compared to other cryptos, Ripple’s XRP is moving very fast and it has really low transaction costs, compared to other cryptos.
All these make it a technology which allows businesses to move money across borders efficiently.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.