TransferWise is a UK-based money transfer service launched in January 2011 by Kristo Käärmann and Taavet Hinrikus with headquarters in London and offices in a number of cities including Tallinn, New York and Singapore. The company supports more than 750 currency routes across the world including GBP, USD, EUR, AUD and CAD, and provides multi-currency accounts. In 2018 TransferWise’s net profit reached $8 million and its customer-base reached 4 million, who collectively transfer around $4 billion per month.
The concept was to match transfers with other people and then have a small commission while using the inter-bank mid exchange rate, unlike traditional currency transfers where there are buy and sell rates and the broker takes the difference between the two.
While TransferWise believes that blockchain has no significant advantage over existing systems, we decided to burst the myths startup communicates.
The deal will let Monzo users send money from their current account to 16 of the most popular currencies, with some more added in the future.
Revolut allows its users to spend, store, send, and receive payments from both – cryptocurrency accounts and bank accounts.
Cryptocurrencies are no longer a passing fad – blockchain is changing the standards of the financial systems. Bitcoin, Ether and Ripple have initially stimulated the development of numerous start-ups, but today they experience the increasing interest on the part of traditional financial institutions.
Though crypto enthusiasts have practically lost their hope, it has been confirmed that the new Galaxy S10 will have an in-build crypto wallet called Samsung Blockchain Wallet.
In the new report E&Y notes that it will have complete control of the exchange’s funds in its cold storage until further notice from the court.
Konstantin Rabin, financial expert and crypto enthusiast, takes a look at recent announcement from Coinbase in which it has confirmed that they added Bitcoin Cash support in their wallet app.
Securitize, that is supported by Coinbase, and OTCXN are joining forces to streamline the process of issuing and trading security tokens.
Binance launched its much expected decentralized exchange (DEX) to increase security and efficiency of its services and the markets love it with the BNB coin appreciating by over 75% within days.
Thanks to the new BitGo’s initiative, customers’ crypto holdings can be insured for up to $100 million through Lloyd’s of London.
On April 5th, 2019, the SEC will have to announce their decision to either approve, deny or extend the decision-making period on Cboe/VanEck/Solid X’s Bitcoin ETF.