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Crypto Wallet SpendApp Adds Qtum; Token Will Now Be Available For Exchange With Other Cryptocurrencies On The Wallet

Though blockchain and cryptocurrencies have been growing rapidly, their success has been limited to big corporations, tech experts and big investors. Small enterprises and individuals have still not been able to utilize the benefits of digital tokens.

Despite the falling markets in 2018, crypto space at large continues to grow at a phenomenal rate of 122%. This shows that the demand for digital tokens is on the rise, which the players in the crypto space have recognized very well by launching innovative products. Crypto Wallets are one such product which is becoming popular day by day. Especially, with the majority share of Internet usage coming from smartphones, crypto wallets have become quite essential in expanding the reach of digital tokens.

SpendApp is one of the Crypto Wallets which allow users to convert fiat to crypto instantly and conveniently. The wallet facilitates the exchange of cryptocurrencies at more the 40 million locations by converting fiat to crypto with the Spend VISA Card. Further expanding the platform, SpendApp announced on Twitter that it had listed Qtum cryptocurrency on the platform, which will now allow users to exchange Qtum with all other supported assets on the platform.

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QTUM Coin is the native digital token of the Qtum blockchain, an open-source, public platform, based on the Bitcoin’s UTXO transaction model. It is a Proof-of-Stake (PoS), a smart contract blockchain platform, and value transfer protocol. The cryptocurrency is known for merging Ethereum’s smart contract capabilities with Bitcoin’ security.

Introduction of cryptocurrencies like QTUM on mainstream adoption gives newer options for users; the general market has been mostly dominated by Bitcoin, Ethereum, and more recently, TRON. However, digital tokens like Ripple (XRP), Stellar (XLM), and SwiftCash (SWIFT) are revolutionizing crypto adoption across the globe. All of these coins are targeted towards mainstream adoption, for which crypto wallets are extremely essential.

Looking at the scope, traditional digital wallets like PayPal have started to invest in blockchain technology, which is an indication that in the near future, they could give the option to store and exchange digital tokens. SpendApp is a growing platform which has managed to cover significant ground within two years since inception. Looking at the trend shifting towards crypto wallets, more and more cryptocurrencies are now taking steps to enter the space.

Especially, the use of crypto wallets for global money transfers is expected to grow exponentially in the coming months. Studies have shown that international transactions are growing at a fast pace, which has also forced traditional payments companies like VISA to take steps to incorporate blockchain in its global operations. In fact, SpendApp also has a VISA card which allows instant conversions of fiat to crypto and vice versa.

QTUM currently holds the 30th position n among cryptocurrencies. The coin had come under the wrath of the bearish trends last year, when the digital coin dipped from over a $100 in January 2018, to a mere $2 in January 2019.

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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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