Cryptocurrency Exchange Globitex Launches EURO Wallet

Cryptocurrency exchange Globitex announced the launch of its EURO Wallet this Wednesday.

"Globitex strives to be the market leader in convenience, security and compliance," said company CEO Uldis Teraudkalns. "With these values in mind, we have created the EURO Wallet."

The company has been preparing to launch the service for some time. Globitex subsidiary Nexpay UAB, which is regulated as a payments provider by the Bank of Lithuania, will be providing the service.

Jon Matonis, a Globitex Co-Founder and early pioneer in the cryptocurrency world, heads up the company's payments firm.

Moving away from the traditional model

Until now, Globitex has taken Euro fiat deposits like most other cryptocurrency exchanges. That meant they had custody of your money and the withdrawal process was sluggish.

As it provides users with an IBAN number, the EURO Wallet means users are controlling their money.

On top of that, it means transactions can be made instantaneously. For instance, if I exchange Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term for euros with Globitex, the fiat currency is deposited into an IBAN account as soon as the conversion is complete.

Once that is done, I can then instantly withdraw the money into my account as opposed to waiting for a transfer from the exchange to my bank account.

As the account has an IBAN number, it also means that a user can make SEPA transfers which are usually instant. Moreover, it means that a user can make third-party Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term with their Globitex account.