Estonian money developed and based in the UK, was launched in January 2011. Its founder and CEO, Kristo Kaarmann, said that while the crypto currency is attractive, they currently have limited use.
"It would be very interesting if the world decided that everyone would use it to buy homes and cars and sandwiches," he told Arjun Kharpal of CNBC at a Money 2020 conference in Amsterdam.
"But the last currency we launched (our service for) is the Egyptian pound and actually there is more to do with Egyptian pounds than some of these cryptocurrencies," Kaarmann added.
Cryptocurrency has a 'vibrant' investor and a financial services industry that cites potential for global use. However, problems with exchange platforms, wild value fluctuations, and relationships with criminality have led to questions about the value of technology.
Banking agreement
TransferWise uses the conference to announce its partnership with the French banking group BPCE, saying it will offer a cheap money transfer service to lender customers.
The service will be integrated through a group banking application starting in 2019. Kaarmann claims that BPCE will be "the world's largest transparent bank with a price," adding it will also be the cheapest bank in France for those who want to move money abroad.
TransferWise has about 3 million users who transfer 2 billion euros ($ 2.3 billion) each month. It recorded the first full-year operating profit in 2017 and Kaarmann said he hopes to repeat this year's trick
