eToro Debuts Mobile Crypto Wallet

Karan Balwani

November 13, 2018 12:30 pm

Cryptocurrency News

eToro Debuts Mobile Crypto Wallet
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eToro, the social trading platform has officially launched its cryptocurrency wallet on both iOS and Android platforms.

This wallet features enhanced security and an easy-to-use interface. In the beginning, the wallet will support Bitcoin, Bitcoin Cash, Ethereum and Litecoin. More currencies will be added to the portfolio in due time.

Presently, eToro will provide wallet services only to selected users and countries. This will ensure a streamlined customer experience from day one. The remaining population will need to wait longer to avail these services.

Yoni Assia, CEO, eToro said

“We believe that crypto and the blockchain technology that underpins it will have a huge impact on global finance. Blockchain has the potential to revolutionize finance and we believe that we will see the greatest transfer of wealth ever onto the blockchain.”

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

Notably, the company had announced their plans for a wallet app all the way back in May. They also hinted at release a cryptocurrency-only exchange desk, which is scheduled to launch in Europe and later in the United States.

eToro says that initially, only Platinum Club members for Bitcoin will be able to transfer cryptocurrency from the wallet. The feature will be extended to other users over time.

Assia further said 

“The eToro wallet today is just the beginning and we will be adding a whole host of additional functionality which will include supporting additional crypto and fiat tokens, crypto to crypto conversion, the ability to deposit fiat, payment in-store and more.”

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