By integrating Currencycloud, Lightyear can offer a way for European investors to invest in different markets through the investment app using different currencies. Currencycloud will allow Lightyear’s customers to manage multiple currencies from within their account, meaning they can buy and sell through the app, and convert currencies when it suits them, rather than incurring hidden fees associated with moving money across borders at point of sale or purchase.
Offering a fee-free service to allow people in the UK to invest in US markets, the pair are looking to build a scalable platform and plan to expand across Europe in the first half of 2022. Currencycloud is incorporated in Lightyear’s investment app, which is available to customers in the UK at the time of the announcement.
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