EXMO, Mistertango Team Up for Faster Mobile Payments, Transfers

Mistertango has had a pretty full dance card lately. A little over a week ago, we’d heard from them how cryptocurrency exchanges were increasingly craving regulation for the sake of developing a solid reputation in the market. Now, it’s come back by linking up with EXMO, one of Europe’s biggest names in crypto exchanges. That makes it clear Mistertango is looking to do its part for crypto’s advance.

Thanks to the partnership, those who use the EXMO platform will likely find their deposits and withdrawals a much faster process; it’s described as being, for the first time, “instant.” Additionally, now, users can make Single Euro Payment Area (SEPA) transfers, which will help speed up the process in paying others in cryptocurrency, making it potentially a useful medium for mobile payments.

Even better, EXMO users will now be able to buy cryptocurrency with equal speed as well; a Mistertango payment account is all that’s necessary to quickly—but securely—make purchases. The current account also offers not only SEPA transfer ability but also an International Bank Account Number (IBAN) to help improve security and regulatory compliance.

EXMO co-founder Ivan Petukhovsky noted “EXMO strives to ensure the most effective trading conditions for its users by maximizing the number of efficient payment channels it has to offer. With the ability to make faster payments and provide users with payment accounts, we’re able to set ourselves apart and offer the quality of service that more closely parallels the level that customers would expect from the traditional financial world.”

Faster payments, less regulatory issues, and greater security; this package of three key traits should go a long way toward helping get cryptocurrency available on a mainstream basis. With all too many still convinced that cryptocurrency is a vehicle for criminal activity, the entire cryptocurrency concept could use some more obvious signs of its legitimacy. That means not only vendors willing to accept cryptocurrency for purchases—like Overstock.com famously did a while back—but also easier ways to buy and even sell cryptocurrency.

We’re seeing more of these ways come into play, but it’s still the kind of thing that will take some time to really accomplish. Rome wasn’t built in a day, and neither will the legitimacy of cryptocurrency.