eToro rolls out crypto wallet

Katie McDonaldNovember 7, 2018
pexels-photo-928181

Global investment platform eToro has launched its crypto wallet, which aims to enable crypto to crypto conversions, fiat deposits and in store payment.

The eToro wallet is a mobile app available via Google Play and the Apple App Store and provides multi-signature security, requiring more than one key to authorise a bitcoin transaction.

The platform aims to provide assurance to users, enabling them to view blockchain transactions and balances without fear of losing their private key.

“We believe that crypto and the blockchain technology that underpins it will have a huge impact on global finance,” said eToro CEO Yoni Assia.

“Blockchain has the potential to revolutionise finance and we believe that we will see the greatest transfer of wealth ever onto the blockchain.”

The eToro crypto wallet is being launched in phases; at launch users are now able to store Bitcoin, Bitcoin Cash, Ethereum and Litecoin in their eToro wallet, with the number of cryptos to increase over time.

“We believe that in the future all assets will be tokenised and that crypto is just the first step on this journey.

“The eToro wallet today is just the beginning and we will 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.

“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.”

 

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