The Ecoin mobile app has launched on Android and iOS with the aim of enabling online bank transfers via the internet.
Users can tap on a QR code to pay a single bank account balance, which then is transferred to a new Ecoin account.
The app also supports debit cards, credit cards and PayPal accounts, but only in the US.
The mobile application is compatible with iOS and Android, but the mobile app requires a smartphone running Android 5.1 or higher to be able to transfer money online.
Ecoin also announced an update to its wallet app, which allows users to deposit and withdraw cash, credit, debit and PayPal cards.
Users in the UK can now deposit cash, with debit cards or PayPal cards, by using the Ecoin wallet app.
