Opera Allows UK Users to Buy Crypto from Web Browser

Friday, 24/07/2020 | 10:44 GMT by Arnab Shome
  • The company is slowly expanding the service to its global client base.
Opera Allows UK Users to Buy Crypto from Web Browser
Bloomberg

Opera, a widely-used internet browser, has extended its cryptocurrency purchasing features directly from its in-built wallet to the users in the United Kingdom.

This came four months after the Norwegian company extended the same support for its users in the United States, European Union, Australia, New Zealand, Mexico, and Switzerland. The services were first rolled out in three Scandinavian countries - Sweden, Denmark, and Norway - last year.

For the services in the UK, the web development firm has partnered with Ramp Network, a crypto on-ramp service provider, for the direct fiat transfers using bank accounts and also popular challenger banking platform Revolut.

Opera browner wallet allows the storing of Bitcoin , Ethereum , and Tron, but the purchasing feature is only available for Bitcoin and Ethereum. Like any other Ethereum and Tron wallets, the in-built browser wallet also allows storing of any other tokens built on the two blockchains.

“This means we largely cover most of the top 100 digital assets,” Charles Hamel, Opera’s head of crypto, said in a statement.

Challenging other web-based crypto wallets

Along with the extension of services, the browner developer also revealed that more than 170,000 users are now using its in-built crypto wallets every month. This is the first time the company has published any figure of the crypto wallet users.

Opera has around 360 million monthly users for its desktop and mobile browsers, and when compared to that figure, only a fraction is using the crypto services. However, the reported number is approaching closer to similar web-based crypto wallets - MetaMask 192,000 monthly active users in May 2019.

Hamel also detailed that Opera's Ethereum wallet is the most popular among its users, but did not reveal any specific figure.

Opera, a widely-used internet browser, has extended its cryptocurrency purchasing features directly from its in-built wallet to the users in the United Kingdom.

This came four months after the Norwegian company extended the same support for its users in the United States, European Union, Australia, New Zealand, Mexico, and Switzerland. The services were first rolled out in three Scandinavian countries - Sweden, Denmark, and Norway - last year.

For the services in the UK, the web development firm has partnered with Ramp Network, a crypto on-ramp service provider, for the direct fiat transfers using bank accounts and also popular challenger banking platform Revolut.

Opera browner wallet allows the storing of Bitcoin , Ethereum , and Tron, but the purchasing feature is only available for Bitcoin and Ethereum. Like any other Ethereum and Tron wallets, the in-built browser wallet also allows storing of any other tokens built on the two blockchains.

“This means we largely cover most of the top 100 digital assets,” Charles Hamel, Opera’s head of crypto, said in a statement.

Challenging other web-based crypto wallets

Along with the extension of services, the browner developer also revealed that more than 170,000 users are now using its in-built crypto wallets every month. This is the first time the company has published any figure of the crypto wallet users.

Opera has around 360 million monthly users for its desktop and mobile browsers, and when compared to that figure, only a fraction is using the crypto services. However, the reported number is approaching closer to similar web-based crypto wallets - MetaMask 192,000 monthly active users in May 2019.

Hamel also detailed that Opera's Ethereum wallet is the most popular among its users, but did not reveal any specific figure.

About the Author: Arnab Shome
Arnab Shome
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Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.

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