CoinCorner has announced the introduction of three popular Altcoins to its platform.

The cryptocurrency exchange now offers four digital currency choices to its UK and European customers: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP).

Cryptocurrencies have gained momentum in recent months, with Altcoins (meaning alternative digital currencies) seizing prominence too.

CoinCorner says its decision to support Altcoins not only aligns with the growth of the industry - it also comes at a time of profound company expansion.

Over the last 12 months the four-year-old company has more than doubled its workforce, and as of last month, 15 full-time staff members work at its Isle of Man headquarters across customer support, compliance, software development, marketing and accounting.

The company serves customers in 47 countries and has plans to launch a multi-currency debit card by the end of 2018.

Liam Wiltshire, senior developer at CoinCorner, talked about the company’s progress: ’Our team has been educating and serving customers in this new industry since 2014.

’As one of the original crypto exchanges, we are now well-established as a leading and trusted place to buy Bitcoin in the UK.

’Over the last year, the industry has gained global recognition and our company has grown significantly to meet increasing consumer demand for crypto services.

’Along with strengthening our company resources by recruiting more specialists, we have kept a close eye on the technological developments in the industry.

’After seeing significant improvements to Ethereum, Litecoin and Ripple, we felt confident to support these and diversify our services ahead of launching our own debit card later this year.’

With a broader digital currency portfolio available, CoinCorner customers can purchase and store Ethereum, Litecoin and Ripple with pounds and the Euro.

In the long term, the company plans to develop its Altcoin offerings by adding support for more cryptocurrencies.

Liam added: ’Many of our customers expressed a keen interest in buying Altcoins and we have listened to their feedback.

’We encourage our customers to continue to make suggestions to further improve our platform.’

Staff have been kept busy at the tech enterprise which is based on the sixth floor of Victory House, Prospect Hill, Douglas.

Danny Scott, 32, co-founded CoinCorner in 2014 in a bid to help people buy bitcoins more easily and has become a leading island advocate of the so-called cryptocurrency.

Bitcoin is a digital payment system without a central administrator.

Transations are recorded on a public ledger known as the blockchain.

CoinCorner was one of the backers of the recent ISLEXPO business event at theVilla Marina.

Co-founder of CoinCorner Phil Collins said: ’ISLEXPO 2018 was a great opportunity for CoinCorner to show our support for the island’s up-and-coming entrepreneurs as the start-up story is something that we can relate to.

’Having grown from a start-up to a global business, CoinCorner is leading the way for the island’s cryptocurrency sector.

’It was a great day and we hope to work with the ISLEXPO team again in the future!’

Members of the team have reached out to the community in a number of ways including a gathering organised by the company’s female staff members, aimed at encouraging more women to get involved.