Ethereum continues to make waves on the cryptocurrency landscape, with developers introducing new applications that take advantage of its smart contract and crowdsale capabilities. The Ether’s market cap has soared above $1 billion recently.
As Ethereum grows, it earns media coverage which in turn fuels its growth. The New York Times recently ran a feature story noting its value has spiraled 1,000% in the last three months and is attracting interest from major financial companies that are using it for private blockchains and smart contracts, CCN reported. Coinimal Offers ‘Sell’ Feature
Coinimal , a Vienna, Austrian-based crypto broker that first offered its users the chance to buy Ethereum in August, has introduced a “sell” feature to enable users to convert their ETH back to fiat, the company noted on its website . The new Coinimal feature is intended as an easy way to buy and sell the alt. currency using a bank account. The process of buying and selling ETH can otherwise be time-consuming since most exchanges are either U.S.-based or primarily offer ETH-to-BTC trading. Coinimal has nine funding options and withdrawals using PayPal, NETELLER, Skrill or SEPA transfer.
Christian Trummer, Coinimal chief technology officer, noted that Ralph Pichler, an Austrian smart contracts expert and an Ethereum veteran, has joined Coinimal to implement the new feature.
Coinimal customers can cash out ETH using Amazon.de vouchers, which are available in any denomination. Users can spend the Amazon.de vouchers on anything in Amazon.de’s German marketplace.
Verification for using Coinimal takes minutes via webcam chat. Even without verification, users can sell up to €1,000 per day, with a total €30,000 limit. Uphold To Support Ethereum
Uphold , meanwhile, a platform that provides various financial services and encourages fintech innovation, has announced it will support Ethereum along with Litecoin to give users more ways to utilize […]
