Opera Browser Adds Crypto Purchase Option in the US

Tuesday, 17/03/2020 | 11:13 GMT by Arnab Shome
  • The feature is already available in Scandinavian countries.
Opera Browser Adds Crypto Purchase Option in the US
FM

Opera, a widely-used internet browser, has partnered with Wyre, a Payments firm, to integrate digital currency purchasing features directly into its crypto wallet.

This will allow United States-based clients to buy Bitcoin and Ethereum directly on its in-built digital currency wallet of the browser platform.

The Norwegian web development company detailed that Android users will be able to purchase the mentioned Cryptocurrencies using debit cards while iOS users can also make the payments using Apple Pay.

However, the browser platform will limit the daily purchasing capability to $250 worth of Bitcoin or Ethereum and will charge a $0.30 fee and 2.9 percent of the transaction as commission.

The company also clarified that the step was taken considering decentralized application (DApp) developers and day-to-day users as the daily limit of $250 is not a reasonable amount for investors or speculators.

“As our browser-based wallet is focused around the usage of cryptocurrencies on the web and using dApps, we expect the vast majority of transactions will not hit that limit,” Charles Hamel, Opera’s head of crypto, told Coindesk.

A tested feature across the ocean

Through the crypto buying feature was recently introduced in the US, Opera users in Sweden, Denmark, and Norway could already buy Bitcoin and Ethereum on the in-built wallet for around a year. The company also has plans to extend similar services to other markets.

Opera is one of the leading browsers that is continuously putting effort into bringing crypto to its users. It first launched its built-in crypto wallet in December 2018 for Android devices and later in April brought that support to its PC browser, followed by iOS devices. The browser-based wallet also supports Tron.

Based on Web 3, no third-party browser extensions or wallet applications are required to access Opera’s wallet platform.

Opera, a widely-used internet browser, has partnered with Wyre, a Payments firm, to integrate digital currency purchasing features directly into its crypto wallet.

This will allow United States-based clients to buy Bitcoin and Ethereum directly on its in-built digital currency wallet of the browser platform.

The Norwegian web development company detailed that Android users will be able to purchase the mentioned Cryptocurrencies using debit cards while iOS users can also make the payments using Apple Pay.

However, the browser platform will limit the daily purchasing capability to $250 worth of Bitcoin or Ethereum and will charge a $0.30 fee and 2.9 percent of the transaction as commission.

The company also clarified that the step was taken considering decentralized application (DApp) developers and day-to-day users as the daily limit of $250 is not a reasonable amount for investors or speculators.

“As our browser-based wallet is focused around the usage of cryptocurrencies on the web and using dApps, we expect the vast majority of transactions will not hit that limit,” Charles Hamel, Opera’s head of crypto, told Coindesk.

A tested feature across the ocean

Through the crypto buying feature was recently introduced in the US, Opera users in Sweden, Denmark, and Norway could already buy Bitcoin and Ethereum on the in-built wallet for around a year. The company also has plans to extend similar services to other markets.

Opera is one of the leading browsers that is continuously putting effort into bringing crypto to its users. It first launched its built-in crypto wallet in December 2018 for Android devices and later in April brought that support to its PC browser, followed by iOS devices. The browser-based wallet also supports Tron.

Based on Web 3, no third-party browser extensions or wallet applications are required to access Opera’s wallet platform.

About the Author: Arnab Shome
Arnab Shome
  • 6627 Articles
  • 99 Followers
About the Author: Arnab Shome
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
  • 6627 Articles
  • 99 Followers

More from the Author

CryptoCurrency

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}