Isreal based online trading firm, eToro, has launched its own cryptocurrency wallet. The wallet is available only in EU countries for now. The wallet will initially support Bitcoin, Ethereum, Bitcoin Cash and Litecoin and the company plans to add more tokens in the future.

We've expanded! We're happy to inform you that the eToro Wallet is now available in all EU countries, Switzerland and Gibraltar. Platinum & above clubs (for now) can transfer $BTC and $ETH from eToro to the wallet. Coming (really) soon: Crypto to crypto conversion. Stay tuned — eToro (@eToro) November 6, 2018

The wallet has a USP of ease of use and the use of multi-signature wallet. Also, the company plans to integrate the wallet with the exchange, and also provide crypto-crypto conversion within the wallet itself.

eToro also announced that they will be releasing XRP wallet support soon.

Coming soon 🙂 — eToro (@eToro) November 6, 2018

eToro’s CEO Yoni Assia, remarked,

“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 tokenised world. The eToro wallet is a key part of this.”

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Get the latest news on Blockchain only on Blockmanity.com. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better