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eToro rolls out its cryptocurrency wallet for Android and iOS

Social trading belvedere eToro has assuredly begun rolling out its cryptocurrency wallet to Android and iOS users.

The wallet, which promises an automatic chump interface and added security, is now accessible on Google Play and Apple’s App Store. At launch, the app will abutment only Bitcoin, Bitcoin Cash, Ethereum, and Litecoin; however, eToro plans to add abutment for more cryptocurrencies in the near future.

There is a little catch though: to ensure a smooth chump experience, eToro is absolution the wallet only to select users and countries. So if you can’t find the app on Google Play or the App Store, you might have to wait a little longer.

“We accept that crypto and the blockchain technology that underpins it will have a huge impact on global finance,” said Yoni Assia, CEO of eToro. “Blockchain has the abeyant to revolutionise accounts and we accept that we will see the greatest alteration of wealth ever onto the blockchain.”

“We accept that in the future all assets will be tokenised and that crypto is just the first step on this journey,” he continued. “Just as eToro has opened up acceptable markets for investors, we want to do the same in a tokenised world. The eToro wallet is a key part of this.”

The aggregation initially appear plans to absolution its own standalone wallet app back in May. It also teased a new cryptocurrency-only barter desk, slated to launch in Europe and later in the US.

For the time being, eToro says the adeptness to alteration cryptocurrency from eToro to the wallet will be open only to Platinum Club associates for Bitcoin. The goal is to gradually extend the functionality to more users and assets.

“The eToro wallet today is just the alpha and we will adding a whole host of added functionality which will accommodate acknowledging added crypto and fiat tokens, crypto to crypto conversion, the adeptness to drop fiat, acquittal in store and more,” Assia added.

This agreeable is sponsored by eToro X. The wallet is provided by eToro X Limited (“eToro X”). eToro X is congenital in Gibraltar with aggregation number 116348, registered office 57/63 Line Wall Road, Gibraltar.
eToro X has accustomed an ‘in-principle’ approval from the Gibraltar Financial Services Commission in account of its appliance for a Distributed Ledger Technology (DLT) Provider Licence application.

Published November 8, 2018 — 16:54 UTC

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