XTM Set to Allow Cryptocurrency Trading in Today Wallet

February 12, 2021 @ 10:39 am By Samantha Hurst

XTM, a Canada-based fintech that provides mobile banking and payment card solutions, announced on Friday its plans of expansion of crypto trading within the Today Mobile wallet allowing holders to purchase and transact in cryptocurrency.

XTM to allow cryptocurrency trading on Today Wallet. (CNW Group/XTM Inc.)

XTM reported that as previously announced this past summer regarding the technology, facilitating near real-time loading of funds to XTM mobile wallets for purchases, the company is expanding its technology to allow Today Mobile wallet holders to purchase, transfer and redeem cryptocurrency all within their mobile wallets. Speaking about the plans, Chad Arthur, CTO of XTM, stated:

“Growing our technology to further modernize traditional payment infrastructures sets us apart in the market. Our strategy is to stay ahead of the curve on technology development driving revenues and increasing transaction flow for our user base.”

The cryptocurrency news comes just days after XTM announced its plan to launch a direct deposit program to all of its Today cardholders. XTM revealed the Today program has been adopted and rolled out to thousands of hospitality, personal care, and food delivery staff through their employers as a way of eliminating cash from the gratuity and earning disbursements ecosystem. XTM further revealed that as part of its strategy to deliver micro-credit, the Today cardholders direct deposit option will allow users to opt-in to have their wages direct deposited to their Today Mobile wallet and garner an increase in the amount available for an overdraft.

Founded in 2006, XTM acquired, developed, and integrated solutions businesses of every size, which includes challenger banks, credit unions, consumers, and governments. The company’s goal is to disrupt traditional banking with its white-labeled mobile wallet, banded Visa and Mastercard solutions, and platform.