Android Users Can Buy ETH Thru Opera

Only Scandinavian country users have this option at the moment
07 February 2019   213

Ethereum cryptocurrency can now be purchased directly through the wallet embedded in the Opera browser application for Android devices. However, at this stage, this opportunity is available to residents of only three Scandinavian countries: Sweden, Norway and Denmark, reports Breakermag.

You can buy cryptocurrency using credit, debit cards and payment systems, while creating a separate account for this is not necessary. Users will only need to log in to BankID electronic identification system in Norway and Sweden or NemID in Denmark.

Customer verification is provided by Safello service, regulated by the Swedish Financial Supervision Authority. It is worth noting, however, quite high commissions of the service upon purchase - they usually make up 7%, but at the initial stage there will be a discount: 2.5% for users from Sweden and 5% for residents of Denmark and Norway.

According to the developers, the transfer of the ether to the user's wallet occurs within one minute.

We hope that by removing all this friction, developers will be able to reach a wider audience more easily, and in turn build new web3 services that have a more mainstream appeal.

Charles Hamel

Product lead for crypto, Opera

Which countries will get access to the service is not reported yet.

MEW to Launch KYC-less Crypto Withdrawal

Service is available in Euro and Francs to all bank account holders with an international bank account number (IBAN)
21 February 2019   83

MyEtherWallet, a popular cryptocurrency wallet, in collaboration with the Swiss company Bity, introduced the Fiat service, which allows you to exchange digital assets for euros and Swiss francs without verification.

It is noted that the service is available to all bank account holders with an international bank account number (IBAN).

Bity is able to offer this kind of KYC-less Exit-to-Fiat gateway because it is compliant with the Swiss Anti Money Laundering Ordinance (AMLA). This, along with technology that helps verify proof of wallet-ownership, allows Bity to realize the friendliest kind of user experience — frictionless, secure AND regulatory compliant.

MyEtherWallet Team

To use Exit-to-Fiat, the user must specify Bity as the service provider in the asset exchange section. You will also need to provide a phone number, bank account details and a billing address.

This information is transmitted to Bity to comply with legal requirements and is not stored by MyEtherWallet.

The maximum transaction size is limited to 5,000 francs (about $ 5,000).