The internation and global investment platform eToro confirmed that they will release their cryptocurrency wallet in a recent press release published this week.
On the 6th November, eToro made a tweet through their official Twitter handle to announce that they have expanded and that they have created a new wallet available in several different countries.
You can see the tweet here:
Coming (really) soon: Crypto to crypto conversion. Stay tuned
— eToro (@eToro) November 6, 2018
However, the company has confirmed that more countries will have access on a phase-by-phase basis.
The wallet is available on GooglePlay and the Apple App Store, the initial iteration will support storage for Bitcoin Cash, Litecoin, Bitcoin and Litecoin but more cryptos will be added in the future.
Currently, the ability to transfer digital currency from eToro to the wallet is just open to members of the ‘Platinum Club’ which have more than $25,000 in platform equity.
With this announcement of the said wallet the global finance industry seemed to be shaken up.
The CEO of eToro, Yoni Assia spoke on the matter saying:
“We believe that crypto and the blockchain technology that underpins it will have a huge impact on global finance. Blockchain has the potential to revolutionise 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 tokenised and that crypto is just the first step on this journey.”
eToro analysis has been regular commentators on everything that related to crypto and the company recently set up a crypto ATM in London to celebrate the 10h anniversary of the leading cryptocurrency, Bitcoin.