Ethereum is now part of the Wirex cryptocurrency application.
London-based cryptocurrency firm Wirex said today that it added an Ethereum (ETH) portfolio to its offering, which includes both cryptocurrencies and currencies.
Having ETH on Wirex means that users of the application can buy, sell and store virtual currency. In addition, residents of the European Economic Area (EEA) that have physical Wirex credit cards can convert their ETH to UK pounds, euros or US dollars to pay for goods and services both online and in stores, bars, restaurants and public transport, the company explained in a statement .
In a commentary on Wirex's choice to add ETH, the founder of the company Pavel Matveev said:
"Ethereum represents the second precious cryptocurrency after Bitcoin – and therefore the largest altcoin in the world – making it the development of the Ethereum Portfolio as a priority for Wirex. "
In addition to ETH, six portfolios are currently available on Wirex – BTC, LTC, XRP, GBP, EUR and USD, where the XRP portfolio was last integrated – at the end of July. Wirex users can fund their accounts by bank transfer, credit / debit card or with over 100 altcoins, including DASH, XLM, ADA and MIOTA. The funds are then converted into BTC, LTC, XRP and ETH.
Two weeks ago, Wirex made headlines revealing that obtained a license from the Financial Conduct Authority (FCA). Bearing in mind that the UK regulatory authority has adopted a very strict licensing procedure for electronic money activities, Wirex's authorization should be considered an important development for the company.
"Wirex's presentation to the jurisdiction of FCA should leave no doubt to Wirex customers will provide them with a best-in-class platform and support service," confirmed co-founder Dmitry Lazarichev.
The Wirex app is active on both Google Play and the App Store, where it received an average rating of 4.0 and 3.7 stars, respectively, up to a maximum of 5.