According to the latest announcement on Twitter, Opera can be used to buy Ethereum [ETH] from its browser-based wallet by all the android users almost instantly. This service, however, is available only in Sweden, Norway and Denmark. The initial announcement regarding the integration of cryptocurrency wallet in the mobile browser was made in December 2018.
This was made possible with the company’s partnership with Safello, a Swedish platform that allows users to buy and sell Bitcoin and other cryptocurrencies. The firm is the main reason Opera has come up with a seamless way to process cryptocurrency purchase on its platform. The details of the users will be sent to Safello automatically, allowing these users to purchase Ethereum without going through the hassle of creating a profile on the crypto-brokerage platform.
In addition, users can also purchase cryptocurrency with debit/credit cards and trusted payment networks. Opera claims that with this new product, users will be able to buy cryptocurrency in “less than a minute”.
Notably, Safello is a regulated platform and has registered with Sweden’s Financial Supervisory Authority. According to its official website, the platform abides by the Anti-Money Laundering and Know-Your-Customer policies laid down by the regulatory bodies. More so, the firm also works with regulatory bodies and financial institutions to ensure practice like money laundering do not take place through the platform.
Frank Schuil, CEO of Safello said on Reddit:
“Consider Opera’s 320 million users compared to overall crypto adoption. They have an integrated wallet and buying functionality.”
Vesquam, a Redditor said:
“I always herd that it was more popular in Europe, hence the selected country “Norway, Denmark and Sweden have access to the service”
Ashley, a Twitterati said:
“I like that now the browser contains a wallet. Opera did the good business! It is really convenient. However, who can explain is opera wallet safer than wallet on exchanges or not?”