MyEtherWallet Fiat Offramp Established Through Swiss-Based Bity

The well-regarded Ethereum wallet platform MyEtherWallet (MEW) has teamed up with Swiss crypto brokerage Bity to offer crypto-to-fiat transfers of up to approximately 5,000 Swiss Francs - with no personal Know-Your-Customer/Anti-Money-Laundering (KYC/AML) checks required, MEW have said on their Medium blog.

Bity are fully regulated regulated in Switzerland, and offer one-way transfers into CHF and Euro bank accounts. Transfers are not completely opaque, however, with users having to submit bank account information and a physical address associated with it - which they must trust MEW to and Bity to not hold after the transaction.

Besides their new agreement with MEW, Bity also offer their own exchange service and interface, as well as several Bitcoin ATMs spread around Switzerland.

The new exit-to-fiat option on MEW joins the platform’s already established purchasing options, which were implemented mid-2018 in partnership with Simplex.

MEW, long a fixture of the Ethereum space, abruptly split into two separate projects last year when a MEW team member broke off to form the similar MyCrypto wallet - confusingly hijacking MEW’s twitter account in the process.

Despite remaining similar products, one distinguishing feature of the MyCrypto wallet is the availability of a standalone, downloadable client.

5MLD

Bity are regulated in Switzerland, which is not a EU member state and thus will not directly fall within the new Fifth Anti-Money Laundering Directive or “5MLD.” But since they will offer transfers to EU bank accounts, they will still be indrectly affected by the new rules. One of the 5MLD’s main objectives is to more closely monitor financial transactions to and within EU banks for terrorist financing.

However, the new regime for the first time also enacts EU-wide rules regarding “virtual currencies,” and subjects both cryptoasset exchanges and custodial wallets to the same EU KYC/AML requirements as other EU financial entities. Ireland and the Netherlands have already made moves towards compliance with the new rules, with the rest of the bloc required to comply by early 2020.

Opera Launches Blockchain, Cryptocurrency-Ready Browser for iOS

Opera Ltd., the company behind the Opera browser, has recently launched a new blockchain and cryptocurrency-ready browser for iOS, following the company’s addition of a built-in cryptocurrency wallet to its Android and PC browsers.

According to a press release shared with CryptoGlobe, the company’s Opera Touch browser for iOS features “crypto wallet integration and Web 3 support,” meaning users can interact with blockchain-based applications through it, as if they were using an extension like MetaMask. The company hinted at the move in March of this year.

The company touts it now offers browsers supporting blockchain-based applications and with a built-in cryptocurrency wallet in various operating systems, including Windows, Mac, Linux, Android, and iOS, allowing users to “seamlessly interact with the next generation of Web 3 applications.”

Currently, the browser only supports ERC-20 tokens, stablecoins, and non-fungible tokens, although the company has revealed earlier this year it’s looking to add support for TRON and multiple other blockchains within a  year.

Charles Hamel, Opera’s head of crypto, stated:

We believe that all modern browsers should integrate a crypto wallet. This will enable new business models to emerge on the web. Opera is the first browser to make using crypto on the Web seamless and easy. Following a strong demand from the crypto-community, we are now making this experience available on iOS.

In the press release the company added it believes the “web of today will be the interface to the decentralized web of tomorrow,” with cryptocurrencies being at its forefront. Along with the iOS release, the company announced it partnered with a decentralized-application (dApp) called Marble.Cards, which allows users to turn unique web pages into collectible cards on the blockchain, each being a non-fungible token.

The Opera touch browser itself has a user interface built to let users use large phone screens with ease, as it shifts the navigation towards the bottom of the screen and adds features that make it easy to share pages across devices.

Opera’s main Android browser is also its cryptocurrency-ready browser for the operating system, and it has made it easier for users to buy cryptocurrencies directly from their mobile phones.