New IOTA European brokerage

Original Post – https://www.instagram.com/p/Bc9zrlRleH4/
All credits to Iota News by Nala

For fans of the IOTA currency, a new European broker has hit the market. Known as Omoku, the platform is designed to facilitate the direct purchase of IOTA with euros. Thanks to SEPA bank transfers, funds can be transferred from customer to broker very quickly. More importantly, Omoku will not act as a custodian of user funds, as it will simply facilitate the transactions themselves. It’s an interesting approach, although it remains to be seen if this new service will be successful.

To make this platform even more appealing, Omoku has a minimum purchase amount of just 50 euro cents. This means anyone in the world can buy IOTA pretty quickly without having to spend a lot of money. Do keep in mind there is a transaction fee of 0.9% to take into account, although it is still pretty low for a company offering brokerage services. It is something the IOTA community will certainly appreciate.

Moreover, the security aspect of this service should not be underestimated either. Since Omoku doesn’t hold onto customer funds, it is protected from hacks. More specifically, no money will be lost by the company or its customers unless someone changed the company’s bank account information altogether. A data breach could still affect this service, but that’s something no one can really avoid at this point.

It is good to see more companies focus on providing convenient fiat currency gateways for top altcoins. IOTA has certainly become very popular in recent months, and it seems that trend may continue for quite some time to come. How Omoku will fare under the EU’s new KYC and AML guidelines for cryptocurrency purchases remains to be determined. All things considered, it’s a positive development for the IOTA community as a whole

Source: themerkle.com