BlinkTrade Opens New Bitcoin Markets in Venezuela, West Africa
This evening New York-based technology platform BlinkTrade is unveiling UbuntuBitX, its West African bitcoin exchange. It is the second exchange the company has introduced in a week, having launched SurBitcoin in Venezuela last Thursday. BlinkTrade provides clients with its technology, thereby offering them a cost-effective way to start their own bitcoin exchanges and removing the need to hire a developer. Other exchanges use their own proprietary software, centralizing bitcoin, fiat money and liquidity, team head Rodrigo Souza explained to CoinDesk. But one thing BlinkTrade is especially....
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Bitcoin use in Venezuela and Brazil is increasing, but the populations use the currency in different ways. According to Rodrigo Souza, core developer at Blinktrade, the exchanges in both countries have more than 10,000 registered users. The Brazilian exchange is FoxBit. FoxBit is a result of partnership between FoxBit Serviços Digitais and BlinkTrade Inc, a technology provider for Bitcoin exchanges around the world. According to Blinktrade, the majority of bitcoin users in Brazil are either using bitcoin to invest in the technology, to trade for profit, or to purchase bitcoin in order to....
In terms of Crypto Adoption, the developing countries are not behind. Emerging crypto markets in West Africa, such as Nigeria and Kenya, are leading the fronts in adoption. Chainalysis reported that Nigeria and Kenya ranked among the top 20 countries in the crypto adoption index. More countries in West Africa are joining the league. Ghana, […]
The parliament of the Economic Community of West African States (ECOWAS) has joined the list of African organizations that have cautioned against the use of cryptocurrencies. In its warning to West Africa crypto users, the legislative body insists these digital assets are too volatile and as such “their use on the African continent is not without dangers.” Refusing to Accept Crypto Not a Violation of Legal Provisions According to a report, this parliamentary warning came after the joint committee meeting that was held in Ouagadougou, Burkina Faso. The meeting, according to the....
Venezuela’s first Bitcoin exchange launches. SurBitcoin is an online platform that allows Venezuelans the ability to buy and sell bitcoins using the bolivar. The Brothers. The exchange was started by two US-based Venezuelan exiles Kevin and Victor Charles. The idea began after meeting Rodrigo Souza, the head of the Brazilian company BlinkTrade – a decentralized open-sourced exchange. After speaking with the brothers, Rodrigo offered the brothers his open sourced software to start the Venezuelan exchange. Their company is currently based in New York. The Exchange. As an open-sourced....
Its exciting times in West Africa as Pak Universal Services a premier technology service company based in Ghana signs a franchise deal with News BTC. This deal affords Pak Universal Services the opportunity to broadcast and share bitcoin information and happenings to a wide audience especially the people of West Africa. Philip Agyei Asare is the founder and CEO of Pak Universal Services and has been instrumental in spreading the benefits of bitcoin while creating coin related foundations in the sub-region especially Ghana for some time now. West Africa is a vast area which spans more than....