eToro Announces Marq Millions LTD Acquisition To Launch Debit Card

eToro announces the latest Marq Millions Ltd acquisition of the UK based company which is trading as eToro money right now that will be the card issuers for the upcoming debit card as we are reading more in the upcoming blockchain news today.

As eToro announces the acquisition, the co-founder Yoni Assia said:

 “We are proud to announce the acquisition of the Marq Millions business and to welcome the team to the eToro family. The launch of a debit card is a natural next step for eToro as we broaden the range of services that we provide to our users.

eToro has always been about opening up finance. We offer our users not only the choice of what assets they invest in – from commission-free fractional stocks through to commodities and crypto – but also a choice of how to invest – they can trade directly themselves, copy another user or invest in a portfolio.”

The card will be available to eToro Club members in the UK and in Europe and then they will become available to non-eToro users. the platform has 14 million registered users and expects that number to increase thanks to the new debit card. The platform has a Principal Membership with Visa and EMI license permission from the FCA. Yoni Assia continued:

 “Over the past thirteen years, we have grown and innovated by listening to what our clients want from eToro. The debit card will provide instant cash-out and cash-in functionality, greatly improving the user experience. We expect to see a strong take-up of the card – initially from our client base.”

Mahmood Kamran, the former Chief Operating Officer of Marq Millions and now the managing director of eToro said:

 “We are incredibly excited to become part of the eToro Group. The backing of this leading global fintech will allow us to issue a debit card which we are confident will become a market leader globally. You can expect to hear a lot more from eToro Money in the coming months and years.”

Marq Millions is now trading as eToro money which will be the card issuer for the upcoming debit card. eToro was founded in 2007 with the idea of opening up to the global markets so that everyone can invest in a simple way. The platform enables people to invest in assets they want from cryptocurrencies and stocks. There are more than 14 million users registered that share their different investment strategies so anyone can follow the approach that they deem more successful.