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eToro unveils crypto wallet

Tony Zerucha

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eToro, a global investment platform with more than 10 million registered users, today introduced its crypto wallet.

The eToro wallet is a mobile application (available via Google Play and the Apple App Store) featuring a customer interface and enhanced security. Multi-signature security gives users the ability to see their on-blockchain transactions and balances without the 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,” eToro CEO Yoni Assia said. “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.”  

At launch, users will be able to store Bitcoin, Bitcoin Cash, Ethereum and Litecoin in their eToro wallet. eToro said the number of supported cryptos will increase over time.

Initially, the ability to transfer crypto from eToro to the wallet will be available to Platinum Club members for Bitcoin, which are those with more than $25,000 in platform equity. This will gradually be extended to more users and a greater number of crypto assets.

“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,” Mr. Assia concluded.

 

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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