Change Wallet: Crypto Company Launches Bitcoin App With Zero Trading Fees
Change, a cryptocurrency company based in Estonia has announced the launch of its commission fees-free mobile application for buying and converting between different virtual assets.
Change has several new product releases slated for roll out in 2018 including a subscription plan for advanced users.
The Exchange Charges Problem
As cryptocurrencies become mainstream, consumers look for options to add the novelty asset class to their portfolios. Unfortunately, this is often an expensive endeavor as most cryptocurrency brokers and exchanges charge buying fees that can go up to 5%.
According to a survey by ING launched in June, two in three individuals in Europe have heard of cryptocurrencies. Although only 9% of Europeans own cryptocurrencies, 25% plan on owning some in the future.
Change is out to give as many individuals that want to own cryptocurrencies a chance to do so without paying in fortune in commission fees.
Speaking on a live interview with BBC World News, Change's CEO Kristjan Kangro said cryptocurrencies will soon be used just as much as traditional currencies by the masses when paying for good and services.
One of Change backer, Oger Crook, former CEO of DHL Global Forwarding said he gave his nod to the Change project because he thinks it's got an extremely great future and he sees that Change is going to have challenges going forward. However, he added that he has no doubt that this business is going to thrive and grow globally over the coming years.
Change is a mobile first cryptocurrency finance platform in Europe. Following one of Asia's largest ever crowdfunded raises, Change now allows customers to buy and convert cryptocurrencies such as Bitcoin, Ether, and Ripple with zero fees.