A multicurrency wallet has announced that it will allow users in the European Union to withdraw Bitcoin to their Visa credit cards. Lumi Wallet says its new feature has been built with simplicity in mind, with an easy-to-follow Know Your Customer procedure. Transactions can also be initiated quickly, meaning crypto enthusiasts don’t need to jump through endless hoops. Upending the status quo According to the company, the current methods of converting crypto to fiat simply aren’t practical — creating a “perplexing affair” that’s not too dissimilar from the arduous process of getting a refund from an online retailer. Although selling …

Crypto exchanges often face immense costs when offering their services — with regulatory compliance, marketing, staffing, security, legal issues and processing fees all contributing to their overheads. That’s even before they’ve made a single satoshi in profit. This resultantly means that purchasing cryptocurrency can be expensive for consumers — notably for those who might be seeking to convert their fiat by making a deposit using their credit card or bank account. Although the fees may seem relatively small, they do add up over time, especially for crypto enthusiasts who complete transactions on a regular basis. That said, there is some …

A crypto wallet has enhanced its functionality, enabling users to buy cryptocurrency with a credit card using dollars or euros. Lumi Wallet, which comes in the form of iOS and Android apps as well as a web wallet, says its motivation is to provide its users worldwide with safe and convenient tools for purchasing cryptocurrency. The company says it gives its clients the opportunity to buy Bitcoin (BTC) and Ether (ETH) in a fast, simple and secure way. The safety of fiat-to-crypto transactions is ensured by Simplex — technology that allows the processing online payments with “complete fraud protection and …

A mobile crypto wallet has announced that users can now effortlessly access thousands of decentralized applications (DApps) directly through its platform. Lumi Wallet says its motivation is to create a one-stop-shop for crypto enthusiasts — a whole ecosystem focused on convenience and simplicity. At the heart of this strategy has been an ambition to streamline the process of downloading DApps. According to Lumi Wallet, it was driven to act after seeing how frustrating the experience can be for smartphone and tablet owners. Not only do individual pieces of software take up a lot of precious memory, but it can be …

A crypto wallet provider says it has launched a giveaway that allows 1,000 users to get a free EOS account. Lumi Wallet notes the giveaway is taking place on a first-come, first-served basis. Instead of answering quiz questions, preparing a submission or entering into a lottery system, all that participants need to do is sign up in EOS for free. The promotion will end when all of the accounts have been snapped up. The company says the giveaway is in partnership with Minergate and Changelly, and comes as Lumi vies to become “the premier wallet for the EOS blockchain.” Lumi …

An established crypto wallet provider is developing a service where users can store collectibles – ranging from rare digital pets to desirable fighters. Lumi says its service will allow users to swipe through their collection at ease – and it is currently invited interested crypto holders to sign up via email. The company says it wants to help crypto holders bring all of their “unique collectible characters in one place” – including CryptoKitties, CryptoCuties, CryptoAlpaca, CryptoFighters and CryptoCelebrities. It hopes to support thousands more upon launch. Most of these assets drive from games where players can breed and collect rare …