MOVO - SEND TO SPENDApp Store
Our wallet review process
We examine wallets starting at the code level and continue all the way up to the finished app that lives on your device. Provided below is an outline of each of these steps along with security tips for you and general test results.
Application build test result
(Analysis from Android review)
It’s an all in one-digital-financial solution designed for speed and backed by unparalleled security, so you can do more with your digital cash network in real-time, right from the app. This means, your money, your way, for access and use right away. MOVO® is next-generation digital banking, with an all in one-digital-financial solution built to deliver fast transactions for your daily send, spend, receive, and pays.
MOVO describes itself as a digital banking solution. The only information it has about its crypto services is about the MOVO Chain:
MOVO Chain® is a one-of-a-kind solution that allows cryptocurrency owners to easily convert their crypto into USD/Fiat and send it as cash value to anyone in the United States using their email address. Recipients can then use the value received immediately for everyday living expenses, account transfers, bill pay, or payments using a MOVO® Digital Debit Mastercard®.
MOVO Chain appears to allow fiat-only deposits and withdrawals.
The Movo Chain has a page of its own, where its main purpose is to “Turn Your Crypto into Cash:”
Convert your Cryptocurrency into USD and transfer it to your MOVO Account for same day use. Or, send it as cash value to anyone using an email address or mobile phone number.* If the recipient is not a MOVO® user, they simply can join MOVO® to accept their funds in seconds.
Because there’s no indication that this app is meant to be used as a crypto wallet, we mark it as non-verifiable.
Tests performed by Daniel Andrei R. Garcia
Do your own research
In addition to reading our analysis, it is important to do your own checks. Before transferring any bitcoin to your wallet, look up reviews for the wallet you want to use. They should be easy to find. If they aren't, that itself is a reason to be extra careful.