Global financial consultancy deVere Group has launched a cryptocurrency app in response to demand for the blockchain powered digital currencies from its clients.

The app called ‘deVere Crypto’ will be made available in the next few weeks, the company said.

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deVere Group’s founder and CEO, Nigel Green, said: “Nothing has captured the imagination in this new fintech age quite like cryptocurrencies, specifically Bitcoin.

“No-one was really talking about it back in 2016. But those who invested in Bitcoin before the beginning of last year have enjoyed an impressive price increase.

The app will be available for Apple and Android users. It paves the way for users to transfer and exchange five major cryptocurrencies, including Ethereum and Bitcoin.

According to market information provider CoinMarketCap, the five biggest cryptocurrencies by market capitalisation are: Bitcoin, Ethereum, Ripple, Bitcoin Cash, Cardano.

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Green said: “A team of some of the world’s leading blockchain – the revolutionary technology that underpins Bitcoin – and other fintech experts have created this new app which, I believe, is going to set a new standard in the thriving cryptocurrency sector.”

Green said cryptocurrencies have changed the world in three significant ways:
• Technological advancement.
• Political shift. “There is an appetite, a huge and growing one, for currencies that are not controlled by central banks and governments. Supporters believe that these digital currencies are part of the antidote to what they see as the ills caused by the traditional system,” Green said.
Globalisation: “We’re all becoming increasingly interdependent and internationally-minded, and this, when harnessed properly, is an immensely positive force for trade, commerce and prosperity across the world.”