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Breaking News / Cryptocoins / Exchanges

Bitstamp Launches Instant In-App Conversion

Leading global digital currency exchange, and EU’s largest Bitcoin exchange, Bitstamp has announced plans to launch an instant in-app conversion of three cryptocurrencies. This will include, Bitcoin, Litecoin and Ethereum.

They will work closely with Revolut customers, which is a London based ‘global banking alternative’. These customers will be the first to buy, sell and hold the three different currencies and instantly convert fiat money to cryptocurrency.

Revolut customers can expect to use the app for instant purchases of these currencies via Bitstamp, as well as transferring their other currencies supported by the app to other Revolut customers free of charge. This undeniably makes buying and selling cryptocurrencies easier, as well as allowing customers to keep track of all of their transations.

Bitstamp CEO, Nejc Kodric said;

“Our partnership will enable Revolut users to have the same level of functionality of BTC, LTC, ETH that they have with any of their other currencies…The increase in liquidity, speed and ease of use unlocked by this partnership are significant steps toward wider adoption of cryptocurrency as the offering becomes more mainstream.”

The two companies were partnered together due to the high level of safety and reliability that the exchange brings to the transactions. What’s more is that Revolut users will not need a Bitstamp account to perform these transactions.

Bitstamp was founded in 2011, and has become a leading global digital currency exchange. They provide their customers with an intuitive and engaging environment for trading and custodial services. It is known for being safe, simple and secure, and is used by over a million traders throughout the world.

Revolut launched in July 2015, with the aim of turning the financial banking sector on its head. Users can set up an app-based account, which allows them to spend abroad in over 130 currencies with no fees, hold and exchange 25 currencies in-app and send free domestic and international money transfers with the real exchange rate. In a short amount of time, the London based company has signed up over 1,000,000 users.

Image Source: https://www.flickr.com/photos/kwl/6915111589/

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