The global investment platform eToro is in the latest Bitcoin news, this time for the supposed launch of its multi-crypto on-chain wallet with multi-signature security. With over 10 million registered users, the trading platform officially announced the launch of its crypto wallet today.
As the company announced, the eToro wallet is a mobile application that is available via Google Play and the Apple App Store – and a storage option that provides an easy to use customer interface as well as enhanced security. For those of you who don’t know, multi-signature wallets are great because they give users the ability to see their on-blockchain transactions and balances without losing their private key.
The CEO of eToro, Yoni Assia, commented following the official announcement:
“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. 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.”
The company also said that eToro is launching its wallet on a phased basis both in terms of users, with a launch that will occur from country to country (step by step) all in order to ensure the best customer experience for each client.
Initially, users will be able to store Bitcoin, Bitcoin Cash, Ethereum and Litecoin on the wallet -but the number of supported cryptos will increase over time.
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,” Assia concluded.
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