Swiss FX trader Dukascopy launches messaging application with money transfer options

Swiss Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trader and social network provider Dukascopy Bank SA has recently unveiled its new messaging application called Dukascopy Connect.

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The application, which until recently was used internally by the bank, will not be made available strictly to its existing clientele such as FX traders, but will be made available to the general public.

One of the most intriguing aspects of the new messaging service is the future promise of the possibility of “making cash transactions to anyone in your phonebook”. Following a trend which has proven successful in China with services like Tencent’s WeChat and Alibaba’s Laiwang, Dukascopy’s mobile messaging service can fill a niche missing in the majority of the western messaging applications.

Registration to the service will help build Dukascopy’s social network and offering a mobile payment and remittance service will connect more people to the bank’s services.

Our colleges at Forex Magnates reached out to Dukascopy’s Vice President and Head of Institutional Sales for Europe and America, Luis Sanchez for comment.

“Right now we have secure connections via HTTPS and WSS protocols. The main idea of Dukascopy Connect is to provide a new service to the clients that will use connect and serve all the people that need to send funds abroad in a secure, fast, easy and reliable way,” said Sanchez.

The estimated time for the money transfer service to made available is 2 months’ time according to Sanachez.

The application is currently available in the Google Play Store for Android powered devices.

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