Worldline & SnapSwap sign money app deal

Worldline is to partner FinTech firm SnapSwap on its mobile payment application Gloneta, which combines mobile messenger chat with instant cross-currency transactions via blockchain technology.

Through Gloneta, same currency transfers are free of charge, with foreign currencies offered at reportedly competitive rates. The blockchain technology allows for the instant transfer of money without a bank, at zero or very low cost.

The new partnership between SnapSwap and Worldline will allow app users to safely link their credit card to Gloneta. To send money, users can charge their wallet in the app by transferring money from their bank to their own Gloneta IBAN account.

Denis Kiselev, founder and CEO of SnapSwap, noted: “Worldline’s expertise in electronic payments and its unique risk management solutions will help us to expand the Gloneta offering beyond a peer-to-peer platform. We will continue building Gloneta in a way that delivers real value to our customers and at the same time let them have fun and enjoy the experience.”

Gloneta will be available on iOS and Android devices in all EU countries from August 2016 and will support the Euro, British Pound and US Dollar.

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