Standalone Wallet to buy Multiple Cryptocurrencies – Consolidated Landscape – Rapid Transactions

Standalone Wallet to buy Multiple Cryptocurrencies – Consolidated Landscape – Rapid Transactions

March 12, 2019 Off Maheen Hernandez By Maheen Hernandez

Yoni Assia, the eToro founder, stated, “We believe that crypto assets and the blockchain technology that underpins them will revolutionize global finance. In the future, all assets will be tokenized, and we are just taking the first steps on this journey.” Further added, “Removing obstacles when purchasing crypto will help drive mass adoption.”

The Standalone Wallet that is made available for Android and iOS can be used to buy cryptocurrency directly from the app.  The wallet supports the purchase of all assets using the wallet.

Buying Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Stellar Lumens (XLM) gets a lot easier for those who are willing to use their debit or credit cards.

The limitation with this wallet is that the purchase is enabled only with the euros and the pound sterling.  Therefore, this wallet might not be of any immediate use to those who are willing to make their purchases using the USD.

When the wallet was unveiled initially for Android and iOS, it supported only BTC, BCH, ETH, and LTC.  Ever since the company has been adding several other options inclusive of XRP and XLM, it is expected that more assets will be added to the wallet in the forthcoming days.

It was just a few days ago; the company launched the cryptocurrency-to-cryptocurrency exchange services in the US.  Thus, facilitating for 32 states to be able to trade in 13 different cryptocurrencies.

A recent press release reported, “Consumers across the globe are adopting cryptocurrency because it helps them transact easily and it does not require any intermediary process and truncation fees. Thus helping streamline international payment process.” Also stated, “Cryptocurrency has helped overcome major restraint in traditional currency systems such as faster cross border remittance and easy interbank transaction.”

While financial institutions are exploring the cryptocurrency in order to save costs and to improve security with due protection from fraud, the merging of major players in the cryptocurrency market like “Bitmain, Xilinx, NVIDIA, Intel, Ripple Labs, Advanced Micro Devices, Ethereum Foundation, Coinbase, Bitfury Group, and BitGo,” is of great help in improving the speed of cryptocurrency transactions.

Transparency Market Research, 2019 reported that “The cryptocurrency market is predicted to grow from $574.3 million in 2017 to $6702.1 million in 2025, at a CAGR of 31.3%.”

There are a lot of those who do not have the knowledge or technical understanding of crypto, thus facilitating restricting their investments from the cryptocurrency market.  A consolidated landscape in cryptocurrency with improved possibilities for rapid transaction speed it that which will drive the speed of cryptocurrency transactions.

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