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BUSINESS

Neurogine rolls out mobile app to international users

29/09/2021 03:15 AM

LABUAN, Sept 28  -- Neurogine Sdn Bhd has announced that the retail version of its Neurogine nTrade® Mobile, a mobile application (app) to solve liquidity and financial access issues plaguing the industry, is being rolled out to its current users mostly from the United States, United Kingdom, Albania, Singapore, Cambodia, and Thailand.

The technology firm provides mobile banking and mobile payment platforms, artificial intelligence (AI)-driven money broking platform, while its sister company Neurogine Capital (L) Ltd is fully licensed and regulated by the Labuan Financial Services Authority (LFSA).

Its chief executive officer, Owen Chen said Neurogine is expanding its direct accessibility from four exchanges to eight exchanges by March 2022.

“The increase in the number of exchanges translates to greater access to a much deeper liquidity pool… we are in the midst of integrating our platform to a fifth exchange and such a direct access will benefit every user on our platform,” he said in a statement to Bernama today.

He added that the new exchanges are Huobi, ErisX, Binance.US, and Coinbase.

The Neurogine nTrade® platform already has direct access to OKCoin, Liquid, Kraken and Binance since 2019.

“We also recently introduced the availability of four new digital fiats -- ADA, BNB, DOGE and DOT -- in addition to BTC, ETH, XRP, LTC and USDT, and two fiats, USD and EUR, which cumulatively is the world’s top 10 most attractive across multiple global exchanges.

“We think it is important to fully support financial innovations and access to new financial services.

“It moves us closer towards our goal of democratising financial access in this region and in our own way, help ensure shared digital economy prosperity,” he said. 

Meanwhile, Chen said the Neurogine nTrade® Mobile has two new features: micro-transactions and price alerts: and the minimal amount for any transaction now starts at US$25 or RM104.

“Our micro-transactions feature offers a low-risk starter point, responds to numerous requests that we have received and there are no commission or hidden fees, hence, this is reassuring and attractive to retail users who are beginning their journey in this market.

We hope this will contribute towards democratising accessibility to global markets for millions in this region,” he said.

He said the price alert feature is where users could configure targeted rates for a specific digital asset and receive active alerts when the market reaches the configured targeted rate.

Chen said the market has been volatile in the past months and getting good rates means having lengthy-time monitoring.

“Many of our users have requested for a price alert feature so they can enjoy the rates they seek without having to dedicate too much time monitoring the markets and this feature gives our users peace of mind and offers plenty of conveniences,” he added.

-- BERNAMA

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