eToro makes another crypto move

“Just as eToro has opened up traditional markets for investors, we want to do the same in a tokenised world. The eToro wallet is a key part of this”

Investment platform, eToro, has confirmed the roll-out of its crypto wallet.

“We believe that crypto and the blockchain technology that underpins it will have a huge impact on global finance. Blockchain has the potential to revolutionise finance and we believe that we will see the greatest transfer of wealth ever onto the blockchain,” says Yoni Assia, CEO of eToro.

“We believe that in the future all assets will be tokenised and that crypto is just the first step on this journey. Just as eToro has opened up traditional markets for investors, we want to do the same in a tokenised world. The eToro wallet is a key part of this.”

Sing your life

Earlier this week, we reported that the company had created an ATM that dishes out free Bitcoin when people sing to it.

This is in celebration of the tenth anniversary of the cryptocurrency, with the company giving away vouchers worth between £20 and £250 in Bitcoin to successful singers.

Using advanced audio and voice technology, the ATM detects when a specific melody is being sung to it, in this instance ‘happy birthday’, and the volume of the singing. A digital display lets users know how loudly they are singing, whether they need to increase their volume and how much of the song they need to complete to activate the dispenser.

Following an appearance at Finsbury Avenue Square in London, eToro will now be taking the machine to football clubs across the UK where Bitcoin crazy fans will have the chance to be rewarded for crooning their favourite chants.

“Currently, the level of understanding of crypto is one of the barriers to wide-scale user adoption of, and investment in, cryptoassets. It’s a barrier that we’ve looked to address at eToro as part of our vision of opening up global markets to everyone,” says Iqbal V. Gandham, UK Managing Director at eToro.

“Our ATM machine is a fitting and fun celebration of Bitcoin’s 10-year anniversary and the currency, and one that we hope will give even more people the opportunity to learn about crypto.”

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